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The world’s leading cryptocurrency, Bitcoin, surged to a new high for 2023, driven by macroeconomic news from the Federal Reserve. Bitcoin Approaches $27,000 as Fed Injects Liquidity into US Financial Sector On the evening of March 17, Bitcoin (BTC) recorded an over 8.3% gain, reaching $26,970
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Binance’s SAFU fund now holds $100 million in USDT and $100 million in TUSD, having converted these amounts from BUSD. Binance Converts BUSD in SAFU Fund to USDT and TUSD On the evening of March 17, crypto exchange Binance announced its latest move to reduce exposure to BUSD, a
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The issuer of the fifth-largest stablecoin, TUSD, has moved $1 billion in reserves to Capital Union Bank in the Bahamas amid a wave of digital asset firms seeking new homes for their cash reserves following the collapse of several major financial institutions in the U.S. Archblock Seeks New Safe
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Shiba Inu's Layer-2 blockchain, Shibarium, recently launched its beta version but was quickly exposed by the community for copying code from another project without updating the ChainID. As a result, the price of SHIB has dropped by 10% over the past 24 hours. Shibarium Caught Copying Code from
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The launchpad project Poolz Finance (POOLZ) was exploited on BNB Chain and Polygon, resulting in a loss of nearly $400,000 and necessitating the reinitialization of its smart contract. Poolz Finance Exploited for Nearly $400,000, Smart Contract Reinitialized On March 15, an attack targeting Poolz Finance's launchpad
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After much speculation, Ethereum’s layer-2 solution Arbitrum has officially announced the date for its ARB token airdrop. Arbitrum to Airdrop ARB Token on March 23 In an announcement posted on the evening of March 16, leading Ethereum layer-2 solution Arbitrum revealed that it will airdrop its ARB token on
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Polygon co-founder Anurag Arjun has announced his departure, accompanied by the decision to separate the Avail project from the Polygon blockchain ecosystem. Avail Splits from Polygon Following Co-Founder Anurag Arjun's Departure In a blog post, Polygon stated: “Avail will officially separate from Polygon Labs. Additionally, Arjun will be
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The final test for the Shanghai hard fork on the Goerli testnet has been successfully completed, paving the way for the staking withdrawal capability to be rolled out on Ethereum's mainnet by mid-April. Ethereum Successfully Tests Shanghai Upgrade on Goerli Testnet. Image: Crypto.com In the early hours
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Demand for converting USDC back to cash has surged in recent days, with net withdrawals exceeding $4.5 billion. USDC Records Largest Stablecoin Burn in History, Equating to $4.5 Billion Since March 10. Image: CryptoSlate According to blockchain data, Circle – the issuer of the second-largest stablecoin, USDC – has experienced
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The Ethereum network has achieved a new milestone, with over 3 million ETH burned since the implementation of the EIP-1559 burning mechanism 18 months ago. Ethereum Crosses 3 Million ETH Burned Thanks to EIP-1559 According to data from Ultrasound.money, as of early March 15, 2023, the Ethereum network has
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Cross-chain project Stargate Finance has scrapped its plans to relaunch the STG token following a legal threat from FTX. Stargate Abandons Token Relaunch Amid FTX Threat As reported by Coin68, Stargate Finance had announced in early February 2023 that it would fully relaunch the STG token due to concerns over
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Conflux Network's CFX token has surged more than 40% after news broke of its partnership with China Telecom, currently trading around $0.076. CFX Surges Over 40% Following Conflux's Partnership with China Telecom Conflux Network has officially teamed up with China Telecom, the second-largest telecommunications provider
