Lido, a liquid staking protocol, has recently made a significant move by approving the deployment of its Wrapped Staked Ether (wstETH) on Coinbase’s Base network. This decision, which was announced on November 8, opens up new possibilities for users to trade and use wstETH in various decentralized finance (DeFi) applications. Lido enables users to stake
Ethereum
The founder of LHV Bank, Rain Lõhmus, finds himself in a rather unfortunate situation. He is the owner of a massive 250,000 Ether (ETH) stash, purchased during the Ethereum ICO, which is now worth an astounding $470 million. However, there’s just one problem – he no longer has access to it. In a recent interview,
Ethereum (ETH) has experienced a surge in price, but compared to Bitcoin (BTC), it falls short in terms of gains. The current bullish trend is challenged by various factors, including uncertainty surrounding ConsenSys and regulatory pressures. Additionally, issues with decentralization and high gas fees contribute to the difficulties Ethereum faces in breaking the $1,900 resistance.
Blockchain-based startups are defying the bear market trend by securing funding, with MetaMask partner Blockaid raising an impressive $33 million in October. Despite this positive news, the overall funding in the crypto industry has dropped to levels last seen in 2020, totaling $2.1 billion over 297 deals in the third quarter of 2023, according to
The Aragon Association, the governing body for aragonOS software, has announced its decision to dissolve and redistribute its assets to token holders. This strategic move aims to address bureaucratic complexity, misaligned stakeholders, and failed attempts to modify the governance structure. In this article, we will examine the implications of the dissolution and explore the future
Worldcoin, an iris-scanning project, has achieved a significant milestone with over 4 million downloads of its mobile World App, according to a recent blog post by the project’s team. This achievement has the potential to position World App in sixth place on the list of most downloaded software wallets on Coingecko. Additionally, the team revealed
Renowned billionaire investor Stanley Druckenmiller has recently acknowledged Bitcoin’s remarkable success over the past decade and a half. In an interview with hedge fund manager Paul Tudor Jones, Druckenmiller expressed regret for not owning any Bitcoin himself, despite recognizing its value as a store of wealth. This admission is a surprising revelation from the 70-year-old
The cryptocurrency market has experienced a surge in investment as crypto exchange-traded products (ETPs) recorded their largest weekly inflows in over a year. According to CoinShares, a leading asset management platform, these inflows amounted to an impressive $326 million for the week ending October 27. This significant increase dwarfed the previous week’s inflows of $66
Cryptocurrency infrastructure firm, Fireblocks, has recently made a significant discovery in the Ethereum ecosystem. The company has identified and assisted in tackling what it describes as the first account abstraction vulnerability within the Ethereum ecosystem. This vulnerability was found in the smart contract wallet UniPass and was reportedly found in hundreds of mainnet wallets during
The Web3 industry is on a relentless mission to disrupt various sectors, and one of its primary targets is social media. In a recent episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw interviews Ryan Li, the co-founder of CyberConnect, to delve into the concept of decentralized social media platforms. This innovative approach aims
The recent movement of over $10 million worth of cryptocurrency from wallets linked to bankrupt crypto firms Alameda Research and FTX to exchange deposit accounts has raised eyebrows and fueled speculation about the firms’ intentions. The transfer of these funds may potentially indicate that the companies are planning to sell some of their assets to
In a recent blog post, crypto exchange dYdX announced the release of the open-source code for its new Cosmos-based network. This move is a significant step towards the development of a truly decentralized exchange, as it aims to remove the reliance on a centralized order book. With a daily trading volume of over $2.6 billion,
In recent cybersecurity news, a new attack vector called EtherHiding has emerged, posing a significant threat to blockchain smart contracts. Contrary to its name, this attack does not primarily target the Ethereum network but instead exploits vulnerabilities in the Binance Smart Chain (BNB). EtherHiding allows hackers to conceal malicious code within smart contracts, enabling them
Ethereum layer-2 scaling solutions Starknet and zkSync have bucked the trend by showing an increase in their total monthly active developer counts, while many other platforms have experienced a decline. This article explores the recent developer activity in the Ethereum ecosystem and discusses the potential reasons behind these trends. In contrast to platforms like Ethereum,