Tag Archives: usd coin

The Kokomo Finance protocol has been found to be an elaborate exit scam after developers used wrapped Bitcoin to steal user funds worth $4M. According to reports, developers behind crypto lender Kokomo used Wrapped Bitcoin (wBTC) to perpetuate a $4 million exit scam. A CoinDesk report alleges developers pulled off the scam over the weekend after manipulating tokens to steal millions in user funds. The report further stated that these developers attacked the smart contract of wrapped...

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Coinbase’s institutional-grade service will allow MakerDAO to earn up to 1.5% of the rewards of the funds.On Monday, October 24, crypto exchange Coinbase announced that the MakerDAO governance has finally voted in favor of the proposal to custody $1.6 billion worth of MarkerDAO’s USD Coin (USDC) treasury.In return, Coinbase’s institutional-grade service will allow the DAO to earn up to 1.5% of the rewards of the funds. This is for the first time that Coinbase is expanding its USDC rewards...

Coinbase Wallet, Ethereum Domain Service and mainwallet sync – one of the biggest companies in the industry just rolled out a significant update to its mobile app. Users are allowed to purchase ENS domains via in-app Dapp browser.When Coinbase established its own cryptocurrency wallet, its aim was to offer a possibility to send payments to the ETH-based domain names. But users of Ethereum wallets tend to send payments not only to the long, inconvenient to remember addresses. They also like...