Binance Labs invests in BounceBit to transform Bitcoin’s role with innovative solutions. Binance Labs, the venture capital and incubation division of Binance, has invested in BounceBit, a Bitcoin restaking and centralized decentralized finance (cedefi) protocol. “BounceBit unlocks new avenues for Bitcoin’s utilization with the fusion of cefi and defi.” Yi He, Co-Founder of Binance and Head of Binance Labs He also...
FTX Founder Sam Bankman-Fried requested permission to stay in a temporary detention facility in New York City. According to a document submitted to the U.S. District Court, Bankman-Fried’s legal representatives are seeking consent to allow him to stay at the Metropolitan Detention Center in Brooklyn. Since August 2023, Bankman-Fried has been held at this facility. His lawyers argue that...
Chainlink has launched a new Transporter application to facilitate the movement of crypto assets and data across multiple networks. The application claims to be a cost-efficient solution for executing high-value token transfers across blockchains, ensuring users a secure transactional experience. “Transporter makes it easier to utilize the security benefits of Chainlink’s CCIP for the transfer of large token value...
Bitcoin’s mining difficulty achieved a record high of 86.4 trillion amid upcoming halving in April. Data gathered by btc.com showed that Bitcoin’s (BTC) mining difficulty achieved a record high of 86.4 trillion as companies generated massive amounts of computing capacity before the much-anticipated halving event later this month. Mining difficulty refers to the computer-generated power needed to...
Circle will allow the direct conversion of BlackRock’s tokenized fund shares into its USDC stablecoin. According to Cricle’s announcement, a new smart contract feature will enable BlackRock USD Institutional Digital Liquidity Fund (BUIDL) investors to instantly convert their shares to Circle’s USDC stablecoin. The smart contract is designed to offer a “near-instant” off-ramping option for BUIDL, making...
TON Foundation distributed 300,000 Toncoin to active meme coin traders. The Open Network project airdropped Toncoins (TON) worth around $2.19 million to the most active meme coin traders on DeDust and Ston.fi platforms. Meme coin traders who made transactions on DeDust and Ston.fi between March 4 and April 10 were eligible for the airdrop. Users also had...
Coinbase International Exchange announced the launch of perpetual futures trading for a Pepe meme coin. Pepe (PEPE) futures trading on Coinbase International and Coinbase Advanced platform will be available from April 18. “Coinbase International Exchange will list PEPE perps on Coinbase International and Coinbase Advanced and commence trading on or after 9:30 a.m. UTC on April 18.” Coinbase announcement Amid the...
dYdX is facing a chain halt amid a scheduled upgrade, marking its first major outage since the launch of its fourth version. Cosmos-based dYdX Chain stopped producing blocks on Apr. 8 shortly after the network underwent a scheduled upgrade to its fourth version. According to the project’s status page, the issue “continues to be investigated,” adding that it’s been...
Robinhood’s cold storage address has emerged as the third-largest single Bitcoin wallet, boasting ownership of 0.69% of the total BTC supply. Public fintech broker Robinhood turned out to be the owner of the third largest single Bitcoin wallet, holding over $9.5 billion worth of the crypto, Coinbase director Conor Grogan said in an X post, citing data from Arkham...
Two malicious Google Chrome browser extensions allegedly drained $800,000 from a cryptocurrency investor going by the moniker “Sell When Over” on X. In a series of posts on X, the user speculated that the malicious extensions dubbed “Sync test BETA (colorful)” and “Simple Game” possibly contained Keyloggers that target specific wallet extension apps. Keyloggers are malicious applications used by...
