Summary: Twitter recently started applying for payment licenses in the U.S., the Financial Times reported. Musk charged Esther Crawford to oversee Twitter Payments, the division building technology to bring crypto and fiat payments to the social network. Binance CEO Changpeng opined that Elon’s social media giant should onboard several blockchains...
Layer 1 blockchain Aptos' APT token reached an all time high price of $16.2 earlier today. The token has gained more than 370% since the beginning of the year.
Summary: The MakerDAO proposal to earn yield from a Yearn Finance vault was backed by the governance community. Yearn Finance’s special investment vehicle or vault has a cap of $100 million. The USD Coin treasury allocation from Dai’s developer will earn a 2% annual yield if approved by an executive...
Summary: The Ethereum Name Service governance proposal aims to create an extra runway for the project should the crypto market suffer another downturn. 10,000 ETH would be sold for Circle’s USDC via a Gnosis auction, Wednesday’s proposal suggested. ENS DAO held around $2.4 million in stablecoin and some 40,000 Ether...
Summary: Validators on the network increased from 428,000 around September 15 when Ethereum upgrade from proof-of-work to proof-of-stake. The news comes ahead of staked Ether withdrawals expected to roll out with the Shanghai update in March 2023. Validators have staked over 16 million ETH worth roughly $25 billion with Ether...
Summary: Coinbase Director Conor Grogan spotted Ether transfers to the “FTX Accounts Drainer” with private notes on how to move the assets undetected. The hacker was advised to leverage less popular and more privacy-based crypto mixer protocols. The U.S. Justice Department launched an investigation into the matter after nearly $400...
Shiba Inu Team announced the launch of the beta L2 blockchain platform (Shibarium) that aims to lower gas fees on the Ethereum network. Transactions on Shibarium occur “off-chain” and are communicated back to the Ethereum blockchain, which allows for lower costs and faster processing times. Shibarium also provides a robust...
Coinbase announced plans to cut around 950 jobs. The decision to restructure is due to “ongoing market conditions impacting the crypto economy” This downsizing follows a similar round of job cuts made last year, when the crypto market was in a bear phase In addition to job cuts, Coinbase will...
The Shanghai upgrade of the Ethereum network, set to launch in March, will allow users to withdraw their ether (ETH) from the network. A public test network for the Shanghai upgrade will be released by the end of February. The Shanghai upgrade has generated excitement among some due to the...
Summary: The Shiba Inu-inspired crypto rallied as much as 2000% in the past week despite slumped crypto prices. Bonk Inu was launched on December 25, 2022, and airdropped to the Solana community. The token also boasts massive yields of around 1000% API on Orca, a decentralized crypto exchange on Solana....
