Base daily active users hits a record high of 136,000. Activity on Base is tied to Friend.Tech, a social network, rumored to be releasing a token airdrop. About $175 million has been bridged to Base since inception. Frenzied activity around Friend.Tech, a social network platform built on Coinbase’s (COIN) layer 2 blockchain Base, has driven […]
Cathie Wood’s Ark 21Shares Bitcoin ETF Application Decision Pushed Out by SEC
The U.S. Securities and Exchange Commission extended its review of the Ark 21Shares bitcoin exchange-traded fund application, as it continues to look at applications from traditional finance heavyweights such as BlackRock (BLK) and Fidelity Investments. The SEC published an order calling for public input on the Ark 21Shares Bitcoin ETF application, a standard move that […]
Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say
Prime Trust, the beleaguered crypto custodian recently ordered to cease operations, looks poised to do potentially massive layoffs, according to former employees. Some have heard up to 75% of jobs could be eliminated. The sources, who requested anonymity, cited what they’ve heard from inside the company. Prime Trust didn’t immediately respond to CoinDesk’s request for […]
Visa Tests Way to Make Paying Ethereum Gas Fees Easier
Paying fees for transactions on the Ethereum blockchain is too complicated for most people. That’s the belief of credit-card giant Visa (V). It has completed testing a new way to allow users to pay the fees, known as “gas fees,” in fiat currency with their credit card, the company wrote in a blog post on […]
Cameron Winklevoss to DCG Amid Their Crypto Lending Fight: ‘Good Luck’ Convincing a Jury
The verbal battle between the Winklevoss twins’ Gemini crypto exchange and Digital Currency Group, the crypto conglomerate that had helped power a now-frozen Gemini lending service, continued Friday, a day after DCG sought to dismiss a fraud lawsuit. On Thursday, DCG argued that Gemini’s fraud accusations over the Gemini Earn service should be tossed out, […]
Sam Bankman-Fried Jailed Ahead of Trial
A judge revoked FTX founder Sam Bankman-Fried’s bond Friday, sending him to jail ahead of his trial in October. Bankman-Fried faces seven different charges tied to the collapse of FTX, including wire, commodities and securities fraud. NEW YORK — FTX founder Sam Bankman-Fried was sent to jail ahead of his October trial on multiple financial […]
U.S. Senator Lummis, Crypto Lobbyists Urge Court to Dismiss SEC’s Coinbase Lawsuit
U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday. Filing amicus – or friend of the court – briefs, the organizations and lawmaker alleged the SEC was trying to […]
A Bitcoin Warning Signal Blares From Surging Interest in Shiba Inu
Investors are again pouring money into meme-focused cryptocurrency Shiba Inu (SHIB) in a sign of caution for bitcoin (BTC) traders. Open interest in Binance’s SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass. SHIB futures are sized at 1,000 SHIB per contract […]
Base Is Here, But Some of Its Projects Raise Red Flags
[ad_1] Web3 Base Is Here, But Some of Its Projects Raise Red Flags This week, Coinbase launched its new Base blockchain while DeGods NFTs are way up after the project announced its upcoming Season III series. Plus, Microsoft and Aptos are teaming up to launch new blockchain AI tools. By Rosie Perper Aug 12, 2023 […]
Mediation Period for Bankrupt Crypto Firm Genesis Nearing End, Deal Uncertain
Mediation between bankrupt cryptocurrency lender Genesis Global Holdco and creditors is set to conclude by August 16, but a deal is yet not certain. Speaking during a hearing before US Bankruptcy Judge Sean Lane, company lawyer Sean O’Neal said the mediation period would not be extended if the company does not make significant progress towards a deal within the next […]