Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth
The much-awaited Shibarium network saw over 21 million wallets created during its testnet phase and is expected to position Shiba Inu as a serious DeFi…
Month: August 2023
Crypto Mining Gets Its Own Lobbying Voice in Washington
Crypto miners are establishing a new voice in U.S. policy, starting up the Digital Energy Council to lobby for friendly policy as regulators and Congress…
Immutable, Web3 Gaming Platform, Launches zkEVM Testnet in Bid to Diversify Infrastructure
The ZK rollup is built on Polygon Supernets, a program designed to make it easier for developers to spin up new application-specific blockchains. View full…
First Mover Asia: Bitcoin Steady Below $30K as SBF Goes Back to Jail
PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why…
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…
Is Friend.tech a Friend or Foe? A Dive Into the New Social App Driving Millions in Trading Volume
The new social app has driven over 4,400 ETH ($8.1 million) in trading volume in less than 24 hours since its launch, far surpassing OpenSea’s…
Metaverse Platform Sandbox Transferred Out 60M SAND Ahead of Monday’s $133M Token Unlock
As the price of SAND slid 4% in August, the Sandbox Genesis smart contract had already emitted 60 million SAND tokens prior to the upcoming…
The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal’s Stablecoin Software
In this week’s issue, we cover Coinbase’s launch of “Base,” a layer-2 network atop Ethereum, along with the crypto community’s reaction to PayPal’s new stablecoin…
Crypto News Today: Bitcoin’s Rally Toward $30K, PayPal’s Stablecoin Fakes, and More
As Bitcoin retakes $30K and major players like PayPal delve into the crypto realm, the intersection of traditional finance and crypto becomes more pronounced. View…
Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract
The protocol’s contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds. View full article