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On the afternoon of May 17, Binance announced the burn of a substantial amount of USDT and USDC tokens on the BNB Chain. On its official Twitter account, the world's largest cryptocurrency exchange made the following statement: "Today #Binance will burn a significant amount of Binance-pegged USDT
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Tether has announced a strategic shift in its reserve assets from U.S. government bonds to Bitcoin, with the investment potentially reaching up to 15% of its monthly profits. Tether to Invest 15% of Profits in Bitcoin Stablecoin issuer Tether has revealed plans to allocate 15% of its monthly profits,
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Ripple’s acquisition of Metaco will enable the company to broaden its services through the integration of custody, issuance, and payment technologies for digital assets. Ripple Acquires Crypto Custody Firm Metaco for $250 Million On May 17, 2023, blockchain technology company Ripple announced its acquisition of Metaco, a Swiss-based crypto
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Ethereum layer-2 solution Optimism has rescheduled its Bedrock upgrade to early June, nearly two months later than initially planned. Optimism Sets Bedrock Upgrade Date for June 6 After several delays, Optimism (OP), the Ethereum layer-2 scaling solution, has announced the new date for its Bedrock upgrade, which is set for
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Lido Finance, the leading liquid staking protocol on Ethereum, has successfully rolled out its V2 upgrade. This significant update now allows users to unstake stETH and reclaim their original ETH. Lido Finance Launches V2, Activates ETH Staking Withdrawals On the evening of May 15, Lido Finance upgraded to version V2,
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Dogecoin (DOGE) daily transactions have surged to an all-time high (ATH) of 650,000 recently, driven by the creation of a large number of DRC-20 tokens on the Dogecoin network. Dogecoin Daily Transactions Hit ATH Thanks to DRC-20 Dogecoin Transactions Surge Past Bitcoin and Litecoin According to data shared by
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The crypto community is abuzz with discussions about ORC-20, a new token standard designed to enhance the BRC-20 craze. So, what exactly is ORC-20? ORC-20 Transactions Reach Record High Following the release of Binance Academy’s article on ORC-20, the number of ORC-20 transactions on the Bitcoin blockchain surged to
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As the BRC-20 token craze takes off on the Bitcoin blockchain, Bitcoin Cash is gearing up for its own upgrade, CashTokens, which will enable developers to issue tokens on its network. Bitcoin Cash Prepares for CashTokens Upgrade to Enable Smart Contracts and DApps The CashTokens upgrade will empower developers to
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The Ethereum network has experienced another validation issue, with validators unable to participate in transaction validation for over an hour. Ethereum Faces Second Transaction Validation Issue in 24 Hours Image: Bankless Prysm patch for mainnet incidents is out. 🚨 Recommend upgrading if your node is under heavy stress! 🙏 https://t.co/
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The U.S. Securities and Exchange Commission (SEC) has issued a subpoena to Marathon Digital, a leading player in the cryptocurrency mining sector. SEC Subpoenas Major Crypto Miner Marathon Digital On May 10, Marathon Digital confirmed it received an additional subpoena from the SEC related to its operations at a
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The Ethereum network has experienced a technical issue that prevented the blockchain from validating transactions for approximately 30 minutes. Ethereum Unable to Validate Transactions for 30 Minutes Image: Bankless In the early hours of May 12, Ethereum, the world’s second-largest cryptocurrency network, encountered a technical glitch affecting its transaction
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Circle, the company behind the second-largest stablecoin USDC, has announced plans to adjust its reserve holdings in response to the ongoing U.S. debt crisis. Circle Reduces Short-Term Bonds Amid U.S. Debt Crisis In a recent statement, CEO Jeremy Allaire revealed that Circle will cease holding short-term bonds after
