Summary: The Twitter account of Circle’s CSO and Head of Global Policy Dante Disparte was compromised on Wednesday. CEO Jeremy Allaire confirmed that Disparte was hacked after his account tweeted a fake USDC airdrop link. Phishing scammers have targeted verified Crypto accounts in the past to drain unsuspecting users of...
Summary: Stablecoin issuer Circle plans to set up shop in Paris and expand into other European markets from the French capital. The crypto payments company also applied for an e-money service provider license as part of its growth strategy in Europe. CEO Jeremy Allaire added that the USDC issuer is...
Summary: Some community members of the decentralized crypto exchange backed the early mover proposal to deploy GMX on Coinbase’s L2 blockchain. Concerns were raised over possibly doxxing the protocol’s pseudonymous founders as Base could require KYC verification and AML checks. Coinbase recently launched the L2 blockchain Base using Optimism’s OP...
Arbitrum moves closer to greater decentralized with a governance token airdrop with ARB, a new self-executing DAO, and a developers kit for layer 3 builders.
The dYdX community has voted in favor of a proposal that seeks to slash the DEX's trading rewards by 45%. The approval sent native token dYdX soaring by over 21%.
Summary: Crypto exchange Coinbase reinstated USDC/USD conversions on Monday after turbulence over the weekend. Circle previously halted stablecoin minting after troubles in the U.S. banking system involving major banks like Silicon Valley Bank and Signature. President Joe Biden said that the banking system is safe but executives at SVB and...
Marc Zeller’s proposal to offboard Binance USD (BUSD) stablecoin from Aava’s V2 lending and borrowing market on Ethereum garnered massive support from the Aave community. The action plan aims to “reduce the amount of liquidity in BUSD” and incentivize users to leverage other stablecoin tokens on Aave. Zeller’s submitted the...
