Coinbase’s Layer 2 network – Base – has witnessed a resurgence of user activity. Franklin Templeton’s latest analysis revealed that Base has received significant traction from SocialFi applications such as Friend.Tech. Friend.Tech’s model, which financializes social interactions, has drawn attention, particularly with the launch of its version 2 platform and the airdrop of its FRIEND...Read More
Imagine paying for your morning coffee with the cryptocurrency gains you made overnight. RCO Finance, a DeFi trading platform, is making this a reality by securing a $250,000 investment to further develop its cutting-edge DeFi card services. This development reflects our commitment to empowering our trading community with the necessary tools. What are DeFi Card...Read More
Neel Somani, the founder and CEO of the Ethereum layer 2 blockchain project Eclipse, has announced a temporary reduction in his role following allegations of sexual misconduct. In a statement posted on May 9th, Somani addressed the accusations, asserting his innocence while acknowledging the seriousness of the situation. Somani Denies Sexual Misconduct Allegations The allegations...Read More
Kraken and the US Securities and Exchange Commission (SEC) remain embroiled in a dispute, as the crypto exchange filed a new document questioning the accuracy of the regulator’s case. The development comes three months after Kraken filed a motion to dismiss the SEC’s lawsuit against it. SEC’s Case Isn’t Worded Correctly Kraken recently filed a...Read More
Over the years, analysts and developers have touted Ethereum as a deflationary network, presenting the blockchain as ultrasound, aligning with Bitcoin’s sound money principle. However, that seems to have changed with the network’s latest upgrade. CryptoQuant analysts revealed in the firm’s latest weekly report that Ethereum ceased to be a deflationary network after the Dencun...Read More
The Bitcoin kimchi premium in South Korea has plummeted significantly amid a broader market decline, signifying weakened enthusiasm among digital asset investors in the country. According to data from CryptoQuant, the Bitcoin kimchi premium slumped to 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium Slumps For the uninitiated, the kimchi...Read More
[PRESS RELEASE – Dubai, United Arab Emirates, May 10th, 2024] Bybit, one of the world’s top three crypto exchanges by volume, has once again underscored its dedication to transparency and trustworthiness by releasing its proof-of-reserves audit, which includes 40 cryptocurrencies, the most comprehensive in the sector. The cryptos covered and all backed over 100% are:...Read More
[PRESS RELEASE – SANTA CLARA, California, May 10th, 2024] CARV, the leading modular data layer for gaming and AI, is excited to announce an industry-first Node Buyback Program for its upcoming Verifier Node Sales. This program allows node purchasers to opt in for a buyback of up to 100% from CARV’s treasury post-token launch. The...Read More
A new Pre-Launch futures contract for NOT (Notcoin) – NOTUSDTK24 – is now available to trade on BitMEX. The new listing is margined in Tether (USDT) and offers up to 2x leverage so you can long or short NOT before it’s listed on spot exchanges. Trading for NOTUSDTK24 started here at 09:00 UTC on 10...Read More
With Binance founder and former CEO Changpeng “CZ” Zhao recently sentenced to four months imprisonment, a WSJ report is alleging that the crypto exchange giant fired one of its investigators who exposed market manipulation by one of the company’s clients, DWF Labs. Binance, however, denied the report, stating that the cryptocurrency exchange maintains a strict...Read More
