Author: NBTC
Cryptocurrency exchange Coinbase is offering up free in-game items and currency for Ethereum NFT card game Parallel, which launched to the public in open beta last week. The exchange will offer up $5 worth of in-game credits (Glints) and two free packs of non-NFT cards to new players who access the game either through Coinbase’s “explore” page for retail traders or through social media posts from Base—the Ethereum layer-2 scaling network incubated by Coinbase. Parallel mints some of its NFTs on Base, along with NFTs on the Ethereum mainnet. Base creator Jesse Pollak described Parallel’s open beta launch in a…
In a significant development in the U.S. Securities and Exchange Commission (SEC) lawsuit against Binance, Binance.US and ex-CEO Changpeng Zhao, the securities regulator is leveraging the Coinbase insider trading case in the Binance lawsuit. SEC Files Supplemental Authority in Binance Case According to a court filing late March 4, the plaintiff SEC submitted a notice of supplemental authority to consider default judgment in SEC v. Wahi in the ongoing lawsuit against Binance Holdings. Coinbase insider trading case involved Coinbase’s former product manager Ishan Wahi, his brother Nikhil Wahi, and their friend Sameer Ramani. In a default judgment, Judge Tana Lin…
The Uniswap Foundation’s proposed changes to the governance of the popular decentralized exchange Uniswap (UNI) passed unanimous pre-vote. The proposal, which involves changing the fee mechanism to reward users who delegate and stake Uniswap altcoins on the platform, received 100% approval in a test vote. The test vote is a snap poll designed to gauge the Uniswap community’s initial opinions on the offering. Voting started on March 1 and ended today with the approval of all delegates. Uniswap Foundation will now publish an on-chain vote on March 7. The Uniswap Foundation announced that it is excited to revitalize governance by…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. One of the many contradictions associated with blockchain technology is that for all it proselytizes about the benefits of decentralization and freedom from third-party interference, centralization vectors keep appearing. You might also like: We must bridge the blockchain skills gap in 2024 | Opinion One area where this has become particularly concerning is the Execution Client software used for the Ethereum blockchain, which currently has approximately 70% of nodes using Geth. This supermajority issue is a genuine…
Ark Invest, led by Cathie Wood, has sold nearly $31 million worth of Coinbase shares as Bitcoin approached a new all-time high, nearly reaching the $69,000 mark on March 4. The investment manager executed the sale of 134,749 Coinbase shares across three of its exchange-traded funds (ETFs): ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF), with the transaction valued at $30.88 million. Cathie Wood and Ark Invest’s trade activity from today 3/4 pic.twitter.com/Fcjcr4eb3L — Ark Invest Daily (@ArkkDaily) March 5, 2024 Following the sale, Coinbase shares saw a significant increase, rising 11.4%…
A new innovative feature on Solana’s SolChat now allows more unique communication between different wallets. New Encrypted Peer-to-Peer Communications Emerges on Solana Solana’s SolChat has added an audio call feature to its offering that allows for wallet-to-wallet communication. Anatoly Yakovenko, one of Solana Labs’ co-founders, touted the new feature on X earlier. In his words, he asked rhetorically “Can your blockchain call you?” The feature utilizes WebRTC, a free and open-source computer program that facilitates real-time communication for the web. Precisely, WebRTC enables communication via voice, text, and video. Users of the SolChat Decentralized Application (DApps) can now enjoy encrypted…
Shiba Inu fell on Coinbase amid a volatile crypto trading session. Such a drop usually occurs when a sell order exceeds the available market depth. Shiba Inu (SHIB) prices briefly fell 50% on U.S. exchange Coinbase (COIN) in early Asia morning hours on Tuesday before returning to normal in an unusual move. SHIB slipped from $0.000044 to $0.000022 on Coinbase amid a bitcoin (BTC)-led sell-off among major tokens. Prices fell to an average of $0.000036 on other exchanges, such as Bybit and Kraken, marking the Coinbase drop as an anomaly. Such drops usually occur when a sell order exceeds the…
Neon Machine, the studio behind prominent blockchain game Shrapnel on Avalanche, announced today that it has revised its SHRAP token unlock schedule to further spread out allocations over time. According to a blog post exclusively shared in advance with Decrypt’s GG, Shrapnel has instituted a “comprehensive revision” to the first-person shooter’s token unlock schedule. Unlocks from the community reward pool emissions and ecosystem fund will remain as planned, but other token unlocks in April will shrink by nearly 75% due to the revised schedule. “As the Shrapnel project has matured, we now have greater clarity on our product delivery timeline,”…
The United States Securities and Exchange Commission (SEC) is suing Terraform Labs and its founder, Do Kwon, over the May 2022 collapse of Terra. The SEC alleges that spending a substantial sum on lawyers was an effort to evade repaying creditors. Additionally, the SEC opposed Terraform Labs’ $166 million retainer payment to law firm giant Dentons. Terraform Labs Accused of Overspending on Legal Fees In a recent court filing, the US SEC accused Terraform Labs of misusing a significant sum of $166 million, which could have been utilized to repay investors and creditors. “Had the Debtor not filed for chapter…
MakerDAO, Ethereum’s first defi lending protocol, has captured a 52% share in the ETH lending market. The milestone was highlighted in Steakhouse Financial’s MakerDAO Protocol Economics Report for January 2024, which revealed a 22% rise in ETH lending via crypto-vaults on Spark. Much of MakerDAO’s market dominance throughout the past year can be attributed to Spark, which has provided high liquidity and competitive borrowing rates for DAI – the largest decentralized stablecoin. Spark is now the third-largest defi lending protocol regarding total value locked (TVL). SparkLend keeps the momentum going, here’s the performance for the past week:Mainnet 🔷• Supplied assets…