Around 30% of Base’s users on Aug. 10 were new to the blockchain, which launched only a day prior. Daily active users on Coinbase’s layer 2 blockchain have exceeded 100,000 for the first time, just the day following the official launch of the network. Dune Analytics figures from Aug. 10 show over 136,000 daily users,…
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Crypto infrastructure company Fireblocks has identified a set of vulnerabilities known as “BitForge” that pose a threat to popular crypto wallets that use multi-party computation (MPC) technology. These vulnerabilities were classified as “zero-day,” meaning they were unknown to the developers of the affected software before Fireblocks disclosed them, the company said in a Wednesday press release. … Read More: Fireblocks Uncovers…
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Crypto exchange Coinbase has kicked off the multi-week Onchain Summer event to celebrate the launch of its much-anticipated Layer 2 network Base. The crypto giant said that each week in the series will bring new activations across Web3, including art, music, culture, and gaming. Companies, artists, and creators will be running onchain events “that will…
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The SEC claims a court ruling gives it authority over crypto, setting up a possible counter-argument in dismissal motions brought against it. A recent filing from the United States Securities and Exchange Commission (SEC) in its lawsuit against crypto miner Green United could shed light on how it may approach the case against Coinbase. On…
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Coinbase’s new Ethereum layer-2 blockchain Base went live at 1200 EDT on Wednesday. That marks a step into unchartered territory for the largest US-based cryptocurrency exchange, which is the first publicly traded company to launch its own public crypto network…. Read More: Coinbase Steps Into Unchartered Territory As Its Layer-2 Blockchain Base Goes Live Read…
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Coinbase’s Base network completed its phased launch on Aug. 9, and is officially open to end-users. Coinbase’s Base network has officially launched after spending a few weeks in an “open for builders only” phase. The network is now ready to onboard users, according to an Aug. 9 announcement from the team. Several Web3 development teams…
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United States’ largest digital asset exchange Coinbase has announced plans to buy back a portion of its corporate $1 billion debt. The repurchase plan will see the company buy up to $150 million of its bond which is expected to mature 2031 following positive earnings in the second quarter of the year amid regulatory pressure…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150 Million of Its $1 Billion Bonds, Bitstamp in Talks to Raise…
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Recent data from CryptoQuant on August 7 shows that few Bitcoin holders are moving coins away from centralized cryptocurrency exchanges like Binance and Coinbase. Despite BTC prices increasing in recent weeks and teetering close to the $30,000 psychological level, this observation is accurate. More Bitcoin Held in Exchanges As of July 28, there were 30,663 addresses…
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Binance has been experimenting with relatively lesser-known stablecoins after a pause on BUSD. Coinbase CEO Brian Armstrong’s comments to a question about the USD Coin (USDC) stablecoin during the company’s second-quarter earning calls raised some eyebrows. While commenting on the market cap of USDC, Armstrong quipped that Binance moved some of its funds from USDC…
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