Category Archive: Cryptocurrency, No picture
USDC Launching on 6 New Chains as Coinbase Invests in Circle
Key Takeaways Coinbase invests in Circle. Circle will manage USDC after Centre Consortium dissolves. Stablecoin regulation clarity improves worldwide. Circle, the company behind USDC, plans to expand the stablecoin to 6 new blockchains between September and October this year. This will bring the number of USDC-supported chains to fifteen. The news comes a week after […]
$99M Avalanche Tokens to Unlock This Saturday
Key Takeaways Avalanche will unlock assets roughly valued at $99 million. There will be a 25% token supply increase over the next year. This Saturday, Avalanche will unlock roughly 9.54 million tokens valued at $99 million. Over the next year, there will be a 25% token supply increase totaling 84.2M tokens, according to data from […]
Steve Cohen-backed NFT Platform Recur to Close Doors After Raising $50M Just 2 Years Ago
Recur, a prominent NFT platform backed by hedge fund mogul Steve Cohen, has decided to wind down its Web3 platform operations, despite having raised $50 million in a series A funding round in late 2021 at a valuation of $333M. This decision was outlined in a statement from Recur on Twitter: “unforeseen challenges and shifts […]
Trending Social App Friend.Tech Tops Uniswap in Fees Earned But Leaks Private Data of 100k Users.
Key Takeaways Bitcoin and Uniswap lag behind Friend.tech in fee generation. Over 100,000 wallet addresses and Twitter usernames leaked. In the last 24 hours, Friend.tech, a social app built on Base, surpassed Uniswap and Bitcoin in fees generated but then leaked wallet addresses and Twitter usernames of over 100,000 users. Friend.tech, the recently launched web3 […]
US Crypto Revival: ETH ETF Approval Nears, Coinbase Futures Greenlit
Key Takeaways The Coinbase app will add BTC and ETH futures soon. SEC may be ready to approve an Ethereum fund. Seven different funds were proposed to the SEC this month. After months of regulatory hurdles, the US crypto industry finally enjoyed a week of progress. Coinbase got approval to offer futures trading in the […]
3 Scams, One Week: Optimism and Base beset by Hacks and Rugs
Today, Exactly Protocol, a DeFi lender on Optimism, lost 7,160 ETH, or over $12 million, due to smart contract vulnerabilities that hackers exploited. RocketSwap, the second largest DEX on Coinbase’s Base also was hacked for 471 ETH earlier this week. To make matters worse, SwirlLend, another DeFi lending protocol that recently went live on both […]
Elon & China: Possible Reasons For The Recent Market Panic
Cryptocurrency prices plunged late Thursday afternoon, with BTC dropping more than 7% to $25,600 within 10 minutes, its most significant one-day drop since the FTX collapse in November of 2022. Analysts speculate that the selloff could have been triggered by a Wall Street Journal (WSJ) report revealing that SpaceX, Elon Musk’s space rocket company, sold […]
Shiba Inu Botches Shibarium Launch, $2.5M in Crypto Stuck
Key Takeaways Shibarium launch faced challenges as bridging issues resulted in $2.5 million worth of assets being trapped on-chain. The project’s lead developer claims ‘funds are safu’ and denied any bridge-related issues. Shibarium’s much-anticipated launch had a rocky start when bridging issues left $2.5 million worth of assets trapped on-chain. Shiba Inu’s anonymous lead developer, […]
Will Arbitrum Prices Dump on March 16, 2024 Due to Upcoming $1B Token Unlock?
Key Takeaways The team and advisors, who currently hold no ARB tokens, will unlock 673.5 million ARB worth roughly $760 million at today’s prices. Additionally, notable investors such as Pantera, Polychain, Coinbase Ventures, and Mark Cuban will unlock 438,250,000 ARB tokens, worth around $495 million. Investors are already in the money, and should prices remain […]
Tether Announces Decisive Shift: Discontinues Kusama, Bitcoin Cash SLP, Omni Support
Tether, the firm behind the widely-used stablecoin USDT, has announced its decision to adjust its strategic priorities. This move leads to the discontinuation of support for blockchain platforms Omni Layer, Kusama and Bitcoin Cash SLP that have been part of its ecosystem. Today #Tether announces the ending of the support of 3 blockchains $USDt: OmniLayer, […]
