BitGo deploys wrapped BTC on Avalanche and BNB Chain
Crypto custodian BitGo is now using LayerZero’s OFT Standard to deploy its WBTC across more than 80 chains.
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Startup Launches Blockchain Powered Electric Vehicles That Mine Cryptocurrency
A Singapore blockchain startup is launching a fleet of blockchain-enabled electric vehicles that mine crypto as users travel. The company intends to reduce carbon emissions and to reward people for doing so.Cars and climate changeRoad vehicles such as cars, trucks and motorcycles are the largest contributors of CO2 emissions in the transport sector, overshadowing that of…

Much hype: Memecoin DOGE set for listing on Coinbase Pro
DOGE trading will be rolled out in three phases, the exchange said. Traders will be able to access the coin via BTC, ETH, USD, EUR and USDT. 510 Total views 2 Total shares Coinbase Pro, the professional trading arm of the Coinbase cryptocurrency exchange, has begun accepting inbound transfers for Dogecoin (DOGE), setting the stage…

Social trading platform eToro ended 2020 with $600M in revenue
The exchange platform’s foray into cryptocurrency has been highly lucrative thus far. 3450 Total views 12 Total shares Exchange platform eToro is coming off a stellar year of growth, as novice traders seek new pathways into the financial markets, including cryptocurrency. The online brokerage firm ended 2020 with gross revenue of $600 million, with total trading…

3 reasons why Chiliz is up 35% this week — and where is CHZ price heading next?
The price of Chiliz (CHZ) has surged by approximately 35% week-to-date (WTD) to reach $0.26 per token on Aug. 24. In doing so, the token has outperformed Bitcoin (BTC) and Ether (ETH), which have been wobbling between gains and losses in the same period.CHZ/USD versus BTC/USD and ETH/USD daily price chart. Source: TradingViewHere are the…

CFTC Charges Head of Crypto Escrow Service with $7M Bitcoin Fraud
The United States Commodity Futures Trading Commission (CFTC) charged Jon Barry Thompson, the head of a Bitcoin escrow service, with a $7 million Bitcoin (BTC)-related fraud.In an official news release published on Sept. 30, the regulator revealed that Jon Barry Thompson of Easton, Pennsylvania, is charged with “knowingly or recklessly making false representations to customers…

Report: Impermanent loss on Uniswap and other AMMs is always permanent
Alexis Direr, a researcher at the University of Orleans in France, has released a paper summarizing the mathematical underpinnings of Uniswap and other exchanges based on Automated Market Makers.Automated Market Maker is the term for a class of decentralized exchange that reached significant popularity in 2020, spearheaded by Uniswap.In a nutshell, these exchanges do away…

Tron’s New Sun Network Going Live This Week Promises ‘Unlimited Capacity’
Blockchain platform Tron’s founder, Justin Sun, announced that the first version of the Tron (TRX) scalability solution called “Sun Network” will be released on Aug. 10, in a tweet published on Aug. 4.100x scalability for the Tron blockchainIn his tweet, Sun claimed that the first version of the network will allow for 100x scalability and…

Telegram Officially Releases TON Testnet Blockchain Lite Client
Encrypted instant messaging service Telegram has officially released a test client for its Telegram Open Network (TON), according to files posted on test.ton.org.The newly introduced archive of files available for download is a distribution of a preliminary version of the TON Blockchain Network Lite Client along with the relevant portions of the TON Blockchain Library,…