Friend.tech, a decentralized social media platform built on Coinbase’s layer-2 protocol, Base, has recently experienced significant growth in terms of revenue and total value locked (TVL). According to data from Dune Analytics, Friend.tech’s revenue has surged to 10,663 Ether (ETH), while its TVL has exceeded 30,000 ETH as of October 2nd. Friend.tech was launched in
Coinbase, the popular cryptocurrency exchange, has recently obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows Coinbase to extend its payment services in Singapore, enabling the exchange to provide digital token services to individuals and institutions in the country. The MPI license granted by MAS permits Coinbase
Kenya’s Ad hoc committee has conducted investigations into the actions of Worldcoin, a company accused of mining data from Kenyans through the scanning of their irises in exchange for cryptocurrency tokens. The committee, led by Narok West MP Gabriel Tongoyo, has alleged that Worldcoin’s activities constitute acts of espionage and pose a threat to the
In a significant exploit in the cryptocurrency space, the now-defunct FTX exchange fell victim to a hack a few hours after declaring bankruptcy, resulting in a loss of over $600 million. Recent on-chain data reveals that the FTX exploiter, whose address was identified as 0x3e9, has become active for the first time in 10 months
Since its inception in 2009, the cryptocurrency industry has experienced exponential growth in terms of market size and the number of active currencies. As of 2023, there are over 22,932 active cryptocurrencies in the market, highlighting the remarkable expansion of the sector. While most users focus on the top cryptocurrencies, those who engage in trading
Ripple’s XRP has gained significant attention and popularity in the cryptocurrency space. However, the ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple has impacted its price. Despite the lawsuit, analysts have predicted various future price scenarios for XRP. In this article, we will explore some of the most interesting predictions
During recent weeks, alarming details have emerged surrounding an exploit targeting FTX, a popular cryptocurrency exchange. The exploit resulted in substantial losses, with one particular address connected to the hack, known as 0x3e9, transferring more than 10,000 Ether (ETH) across various addresses. This article delves into the exploit and its consequences, shedding light on the
Hong Kong, the global financial hub and gateway to China, recently experienced a major crypto scandal involving JPEX, a Dubai-based cryptocurrency exchange. JPEX allegedly defrauded thousands of investors of over $160 million, exposing significant regulatory loopholes and a lack of investor protection in Hong Kong’s nascent crypto industry. The case also shed light on the
Global asset manager VanEck has made an announcement regarding its upcoming Ether futures exchange-traded fund (ETF). The company revealed that it will donate 10% of all profits from the ETF to Ethereum core developers for a duration of ten years. This move showcases VanEck’s commitment to giving back to the community that has contributed to
Ripple’s XRP has long been recognized as one of the leading cryptocurrencies in the market, boasting a loyal community and numerous holders. Despite its established position among the top 10 cryptocurrencies, XRP encountered a significant setback in December 2020. The United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, asserting that XRP
