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 […]
Cryptocurrency presales are an attractive prospect for investors, offering the chance to get involved in crypto initiatives before they become more widely known. Two high utility crypto presales are reviewed in this post: yPredict and Launchpad XYZ.yPredict is an AI-driven platform that provides traders and investors with data-driven insights and analytical metrics. It integrates machine […]
XRP20, a decentralized exchange (DEX) token, has been trading on Uniswap since August 22. Despite the general crypto market weakness, its price has been resilient. Today, the XRP20 team announced that 5% of the total token supply will be burned, reducing the total supply and creating greater scarcity. This burn event is in addition 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, […]
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 […]
The U.S. Drug Enforcement Administration (DEA) was recently tricked by a crypto scammer, resulting in a loss of over $50,000 in USDT. The scammer used a technique known as address poisoning, which involves sending transactions of no value to a victim’s account from a similar address. The DEA had seized approximately $500,000 in Tether from […]
HashKey, a prominent Asian cryptocurrency exchange, has recently secured crucial regulatory clearances, allowing them to offer retail customers the option to trade in two of the most dominant digital currencies: Bitcoin and Ethereum. This move positions Hong Kong as a frontrunner in adopting and legitimizing cryptocurrency trading for retail investors.The exchange has been granted two […]
This week in DeFi saw developers behind Base and Optimism protocols join forces to create a revenue and governance sharing framework. Additionally, the $1.5 billion Multichain hack has seen some new evidence, and blockchain security provider Quantstamp has introduced a new DeFi tool to detect flash loan attack vulnerabilities in several protocols. Shiba Inu’s Ethereum […]
Tether, the stablecoin giant, has released a new transparency report that confirms its tokens are over 100% backed. The report states that Tether has $86.1 billion in assets and $82.8 billion in liabilities, with the largest amount of USDT (~42.5 billion) circulating on Tron and a rivaling amount (~38.4 billion) trading on Ethereum. The company […]
