1inch, a decentralized exchange aggregator, has announced its expansion to the Coinbase-incubated layer-2 blockchain, Base. This will enable users to access the platform with lower transaction costs and higher speeds, as well as extra liquidity. The 1inch Aggregation Protocol and the 1inch Limit Order Protocol have been deployed on Base.Sergej Kunz, 1inch Network’s co-founder, commented […]
USD Coin, the world’s second-largest stablecoin by market capitalization, is set to launch on six new blockchains, including NEAR, Polkadot, and Base. This would make the stablecoin available on a total of 15 blockchains. The decision comes a day after Coinbase acquired a stake in USD Coin issuer Circle Internet Financial.The extension to the new […]
Coinbase, the American crypto giant, is in talks with some of Canada’s largest banking institutions in order to gain support for the local crypto ecosystem. This comes shortly after Coinbase announced its official entry into the Canadian crypto market.Lucan Matheson, Coinbase’s Director of Canadian Operations, is reportedly in talks with the tier-one banks in Canada, […]
Investors of the popular meme token PEPE were spooked earlier today after a major modification to the project’s multi-signature wallet was highlighted. The threshold of keys was reduced from 5/8 signatures to just 2/8 signatures, meaning two out of eight signatories could approve transactions for the project.Digital asset research firm ASXN reported that PEPE tokens […]
Binance, the world’s largest cryptocurrency exchange, has announced the termination of its crypto debit cards for customers in the Latin America and Middle East regions from September 21, 2023. The card termination affects a “tiny portion” of its customers – less than 1% of users in the select regions.A crypto debit card enables users to […]
The Optimism Foundation and Base, a Coinbase-backed Layer 2 platform, have announced a proposal to share governance of OP Chains. Base will receive a grant of 118 million OP tokens spread over six years, in order to reward their contributions to scaling Ethereum and the OP Stack. The grant also ensures Base’s long-term commitment to […]
Sonik Coin is the latest meme coin sensation that is backed by a strong following in the crypto community. Its goal is to move early investors to profit at the speed of light, with a total supply of approximately 299.79 billion tokens. 50% of the tokens are dedicated to the presale, 40% for staking rewards, […]
Wall Street Memes (WSM) is a memecoin project that has achieved a remarkable feat, amassing over $25 million in initial capital. The project is now in its 30th and final presale phase, and is set to list on major exchanges on September 27th. To further attract investors, the project has rolled out a staking mechanism […]
This week’s Crypto Biz explores the latest developments in the global regulatory landscape for crypto companies, particularly in the United States. Coinbase and Circle have decided to dissolve the Centre Consortium in a strategic realignment driven by demand for regulatory clarity on stablecoins. Binance.US has announced a partnership with MoonPay featuring the dollar-pegged stablecoin Tether […]
Binance, one of the world’s largest cryptocurrency exchanges, has ceased offering its clients the option to conduct peer-to-peer transactions through sanctioned Russian banks. This decision follows a Wall Street Journal exposé that revealed how the exchange allegedly facilitated the movement of funds from Russia to other countries.A spokesperson from Binance stated that the exchange regularly […]
