Tether, the prominent stablecoin issuer, has recently completed its second $1 billion issuance within two months, bringing the total amount issued in 2023 to over $16 billion. The transaction occurred on June 12, utilizing the Ethereum blockchain. Paolo Ardoino, Tether’s Chief Technology Officer (CTO), took to Twitter to clarify that
BOCI, a Chinese bank, has issued CNH 200 million in digitally structured notes. BOCI has issued the country’s first tokenized security on the Ethereum blockchain. Moreover, it has become the first bank in China to issue tokenized securities. According to the report, the new security was implemented through the collaboration
The Sturdy Finance DeFi protocol lost 442 ETH, or over $800,000 at the time of writing, due to a hack. An intruder drained funds from the protocol by exploiting a vulnerability that allowed them to manipulate a flawed pricing oracle. PeckShield, a blockchain security company, notified Sturdy Finance on June
In the last 24 hours, there have been reports indicating that a significant amount, equivalent to 25,000 stETH or approximately $43 million, was deposited by a whale into the Aave platform. Additionally, during the same period, borrowed a substantial amount of 35 million USDT from Aave. Furthermore, according to the latest
Ethereum (ETH) has established itself as a prominent player, captivating investors and enthusiasts alike. Glassnode Alerts, a leading data analytics platform, recently reported that the number of profitable ETH addresses had reached a one-month low. However, Ethereum’s price has experienced a modest 1.14% increase amidst this decline, currently trading at
Last week, the cryptocurrency market once again found itself under the microscope. The Securities and Exchange Commission (SEC) filed a series of lawsuits, causing ripples across the digital currency landscape. Consequently, Bitcoin (BTC), Ethereum (ETH), and even Tether (USDT) saw fluctuations in their market performance. Interestingly, the most significant shakeup
Vitalik Buterin, the co-founder of Ethereum, has revealed the three transitions that contain the roadmap for the three significant technical transitions. Vitalik believes that the three transitions are crucial for ensuring the sustainability and long-term success of the Ethereum blockchain. The Three Transitions:https://t.co/rtewRnm2wK — vitalik.eth (@VitalikButerin) June 9, 2023 According
Vitalik Buterin, the Ethereum (ETH) co-founder, teamed up with CryptoRelief, led by Sandeep Nailwal, to allocate $100m to Covid research projects last year. After thorough discussions, they concluded that these projects are high-impact and require additional funding. Thus, they decided to invest an additional $100m through Buterin’s entity Kanro, utilizing
Jack Dorsey, a staunch supporter of Bitcoin, has been embroiled in a Twitter spat with numerous crypto industry analysts. This is after answering “yes” to a query on whether or not Ether qualified as a security. Bitcoin Ordinals developer at Taproot Wizards Udi Wertheimer saw the message and tweeted on
In a recent development, the engineering team behind zkSync Era, the groundbreaking Ethereum scaling solution, has acknowledged a temporary withdrawal delay experienced by a small subset of users on their network. The delay, which lasted for up to six hours, has since been rectified. Then, all pending withdrawals have either
