Month: March 2024

Coinbase has revealed its intention to expand the storage capacity for both corporate and customer USDC balances on Base, an Ethereum Layer 2 solution incubated by the exchange and constructed on the open-source OP Stack. This strategic move is anticipated to yield numerous advantages, including reduced fees, expedited settlement times, and bolstered security measures for…

The Near Foundation, backing the Near Protocol’s Layer 1, has revealed its support for chain signatures, a significant development enabling users to access various chains through their Near accounts. This enhancement aims to boost interoperability and improve user experience. This milestone, facilitating chain signatures and multichain transactions, is the outcome of a recent collaboration with…

in brief Amid ongoing litigation, the SEC has suggested a $2 billion fine for Ripple Labs. Attorney Jeremy Hogan cautions that this fine could compel Ripple to offload substantial amounts of XRP. He highlights the potential consequences, including a considerable reduction in XRP’s market worth, which could adversely affect retail investors. In the midst of…

Tether (USDT), renowned as the foremost stablecoin globally, has played a central role in enabling seamless transactions within the blockchain realm. However, recent revelations stemming from an analysis conducted by TRM Labs, a prominent blockchain analytics firm, cast a shadow on the extensive usage of USDT. According to their findings, USDT has been notably prevalent…

Copper, a crypto custody firm, allegedly hosted an event in London where sushi was served off two partially clad models, as reported by the Financial Times. Known as “The Copper Experience,” the private function took place at the upscale Mandrake Hotel in London’s Fitzrovia following the Digital Assets Summit 2024. According to the FT, a…

During a Tuesday hearing in Delaware, court documents unveiled FTX’s intention to declare its creditors’ “Sam Coins” effectively worthless amid the company’s extensive bankruptcy proceedings. FTX has announced the devaluation of “Sam Coins. FTX Trading LTD. has enlisted the expertise of NYU Professor of Finance Sabrina Howell to delve into the valuation of several “Sam…

Recent on-chain data indicates a significant buying spree by Bitcoin whales over the past week, signaling potential bullish momentum for the cryptocurrency’s value. In recent times, Bitcoin whales have acquired over 100,000 BTC. Analyst Ali, in a recent post on X, highlighted a significant trend regarding Bitcoin whales, who have collectively acquired more than 100,000…

Ethereum staking confronts an impending challenge of centralization, a concern acknowledged by the network’s co-founder, Vitalik Buterin, who unveiled a potential solution on Tuesday. In a comprehensive blog post, Buterin outlined his proposal aimed at amending the penalty system for Ethereum validators. The essence of his suggestion lies in augmenting the repercussions for collusive misconduct…

quick take Hong Kong’s in-kind Bitcoin ETFs may lead to a potential surge in volume. Analysts anticipate an increase in Assets Under Management (AUM) through innovative ETFs. The approval of in-kind ETFs has the potential to reshape the market landscape. Hong Kong is on the verge of contemplating the inclusion of in-kind creations and redemptions…

On March 25, blockchain investigator firm Arkham Intelligence revealed that the fifth-richest Bitcoin whale had transferred 94,504 BTC, valued at $6.05 billion, to three fresh addresses. Notably, the Bitcoin wallet, known as 37X, had remained inactive since 2019. Following its recent transfer activity, the Bitcoin whale associated with address 37X now holds 1.31 BTC. In…