Pancakeswap, a decentralized exchange (DEX) known for its multichain functionality, recently announced the addition of Transak as a provider in its “buy crypto” tab. This addition offers Pancakeswap users yet another option when shopping for cryptocurrencies. Prior to this, Mercuryo and Moonpay served as the providers for this feature, with Transak becoming the third provider
Ethereum
Digital currency investment firm Grayscale has joined the ranks of companies seeking to launch an Ethereum futures exchange-traded fund (ETF) by filing a proposal with the Securities and Exchange Commission (SEC). This move comes shortly after Valkyrie, another asset management firm, filed a similar proposal for an Ether futures ETF. Grayscale’s filing outlines the details
In a shocking revelation, Hong Kong-based cryptocurrency exchange CoinEx announced that hackers managed to steal over $70 million worth of tokens due to compromised private keys. This devastating security breach has left the platform scrambling to regain control and seek ways to recover the lost funds. CoinEx representatives have provided further insight into their ongoing
The crypto market has experienced a significant decline in exchange-traded products (ETPs) over the past nine weeks, as reported by asset manager CoinShares. This downward trend reflects negative sentiment towards cryptocurrencies, impacting both Bitcoin (BTC) and Ethereum (ETH) funds. ETPs are designed to track crypto prices and serve as an accessible investment avenue for traditional
Ethereum developers recently unveiled a new testnet called “Holešky” on September 15th. The primary purpose of this network is to facilitate staking activities, infrastructure development, and protocol advancements, as outlined in the developer documentation. However, for application development, Sepolia will remain the dominant network of choice. To kickstart the operations of the Holešky network, an
Matter Labs, the creator of zkSync, has recently collaborated with DappRadar to launch a new ecosystem portal aimed at further decentralizing the protocol. zkSync, a layer-two blockchain for Ethereum payments, was developed by Matter Labs as a solution for scaling the Ethereum blockchain ecosystem. With over 200 projects currently using zkSync and more than 8.8
Stablecoin issuer Paxos has recently released the first transparency report for PayPal USD (PYUSD), an Ethereum-based stablecoin. The report has provided insights into the backing of the coin, reassuring users that it is fully backed by assets. As of August 31, 2023, the total tokens outstanding amount to $44.4 million, while the total assets held
The blockchain ecosystem continues to expand with the emergence of Manta Network, a new player in the world of layer-2 blockchain solutions. Manta Network has recently launched its ZK-as-a-service platform, Manta Pacific, which aims to power decentralized applications (DApps) using zero-knowledge (ZK) proof technology. This modular L2 solution is designed to be compatible with the
Lido Finance, the Ethereum staking protocol, has responded to allegations that hackers exploited a security flaw in the token contract of Lido DAO (LDO). Despite the existence of the flaw, Lido Finance assures users that both the LDO and staked-Ether (stETH) tokens remain secure and unaffected. While Lido Finance did not confirm any specific exploits,
Scaling the Ethereum ecosystem has been a critical challenge, but the development of zero-knowledge (ZK) proof solutions has provided promising solutions. However, the introduction of proto-danksharding is expected to significantly reduce the cost of rollups, bringing further scalability improvements. In an exclusive interview with Cointelegraph Magazine, Nicolas Liochon, the Head of zkEVM Linea at Consensys,
In a shocking revelation, the Federal Bureau of Investigation (FBI) has identified the North Korean Lazarus Group as the mastermind behind the recent $41 million hack of crypto gambling site Stake. This notorious cybercrime organization has a long history of carrying out sophisticated attacks, and the FBI has linked them to over $200 million in
As the digital world continues to evolve, privacy has become one of the most significant concerns for individuals conducting financial transactions online. With the rise of cryptocurrencies and blockchain technology, achieving privacy in these transactions has become increasingly challenging. However, Ethereum co-founder Vitalik Buterin, in collaboration with other researchers, has recently published a groundbreaking research
Global payments processor Visa continues to enhance its stablecoin offering, with recent support for USD Coin (USDC) payments settled on the Solana blockchain. This development demonstrates Visa’s commitment to adopting digital currencies and blockchain technology to improve the efficiency of cross-border settlements and bridge the gap between traditional finance and Web3. Visa has been actively
The withdrawals were made from Stake.com contracts to an account identified as “Stake.com Hacker” by Etherscan. This alarming discovery suggests that a stolen private key may be at the center of this large-scale theft. The blockchain data reveals a series of substantial transfers, beginning with $3.9 million in Tether (USDT) and followed by 6,001 Ether