Crypto news

Velodrome, the second-largest DEX on the Optimism network, and its fork, Aerodrome, the leading DEX on Base, have reported a compromise in their respective frontend systems. Following the incident, both platforms urged users through their social media channels to refrain from interacting with their platforms for the time being. Velodrome and Aerodrome Urge Caution Amid Security Breaches “Our frontend is currently compromised. Please do not interact with Velodrome for the time...

The United States Securities and Exchange Commission (SEC) has outlined the next steps in evaluating the proposed Franklin Templeton and Hashdex spot Bitcoin exchange-traded fund (ETF) applications. Observers speculate that the SEC’s actions may set the groundwork for potential approvals of spot Bitcoin ETFs in early January 2024, following earlier delayed decisions on applications from two potential issuers. SEC Seeks Public Comments A filing on November 28 reveals that the...

The investment round was accompanied by the launch of Wormhole Labs, an independent technology company “emerging from stealth to become a core contributor to Wormhole.” Wormhole, a blockchain protocol designed to address the interoperability challenges of pioneer blockchain networks such as Bitcoin and Ethereum, has secured $225 million in funding, propelling the company’s total valuation to a new high of $2.5 billion. According to an official announcement on Wednesday, the cross-chain...

Canadians are overwhelmingly opposed to their central bank researching and issuing a digital loonie, according to newly released survey results from the Bank of Canada. The report found that citizens and stakeholders are worried that the technology could violate their financial privacy, and wouldn’t be their payment method of choice compared to existing options. Why Canadians Don’t Like CBDCs Released on Wednesday, the report dissected results from a public consultation on...

TL;DR Bitcoin (BTC) has risen above $38,000 as BTC’s supply on exchanges drops to 5.38%, the lowest since December 2017, amid declining trust in exchanges following events like FTX’s collapse and Binance’s legal troubles. The trend towards BTC self-custody is seen as bullish, contributing to Bitcoin’s significant rally of 130% since the year’s start. Analyst PlanB forecasts Bitcoin reaching $65,000 after the 2024 halving and soaring to $524,000 by 2027, anticipating a more...

[PRESS RELEASE – Bristol, United Kingdom, November 29th, 2023] Streamr is thrilled to announce the upcoming launch of Testnet 1 for Streamr 1.0, a critical step towards the completion of its 2017 roadmap and the full readiness of the decentralized network. This first incentivized testnet, starting on 4th December and concluding on 11th December, is the precursor to the release of Streamr 1.0 in February, 2024. Key dates and rewards: Streamr Hub 1.0 Release: 28 November...

Chainlink (LINK) has experienced a nearly 30% increase in value over the past month, driven by a growing bullish sentiment. The surge in price is backed by on-chain metrics indicating heightened network activity, which coincided with the Chainlink Staking v0.2 going live. The upgrade featured an expanded pool size of 45 million. Chainlink’s On-Chain Metrics Spark Optimism On November 28th, LINK experienced its largest spike in whale transactions for the year. Citing data from...

When TinyTap introduced the concept of Publisher NFTs, it aimed to use it to support content creators in the line of education and publishing. Animoca Brands announced that Season 2 of its Publisher NFTs surpassed all expectations, having already sold out. It shared this in a recent announcement, revealing that the sale of all 720 Publisher NFTs brought in 538,560 EDU tokens in total. That is approximately $315,517, at the time of sale. The sale follows a November 2022 announcement when...

The Polygon community is looking forward to several community updates announced for this year, beginning with the Connect event in India. Polygon cofounder Sandeep Nailwal has shared a few updates the Polygon community should expect as the year comes to an end. In a post on X (formerly Twitter), Nailwal promised the community “exciting days ahead”. Polygon fam, as we approach the year end, some exciting days ahead for us. Save the dates. 7/12/23 : At Polygon Connect, We bring in an...

The new partnership with Taurus suggests that Banco Santander anticipates a greater role for crypto in traditional finance. Spanish banking giant Banco Santander is partnering with cryptocurrency asset management platform Taurus to offer its customers custodial services for their digital assets. Banco Santander recently emerged as the only Spanish bank to appear on the 2023 list of financial institutions of global systemic importance. The list comprised 29 names classified by the Financial...