Crypto needs to remove friction for the next billion users: Coinbase

Decentralized finance (DeFi), one of the fastest growing ecosystems in the cryptocurrency market, has long been a dilemma for regulators, given the decentralized nature of the space. In 2022, United States regulators paid special focus to the nascent area with significant attention to ending the anonymous nature of the ecosystem.DeFi protocols allow users to trade, borrow…

Coinbase’s layer-2 blockchain hosts approximately 80% of Uniswap’s monthly active traders.

Another player has decided to distance itself from Binance after a slew of negative headlines around the exchange in recent weeks. Binance has faced a number of regulatory issues in recent weeks. Payments player Clear Junction has suspended activity with Binance after similar moves from Barclays and Santander. “Clear Junction can confirm that it will no longer…

Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the Terra investigation. 99 Total views 2 Total shares Terraform Labs co-founder Do Kwon has reportedly hired a lawyer from a domestic law firm in South Korea just days after claiming the South Korean authorities are…

Famous crypto skeptic and gold bug Peter Schiff said that his “Bitcoin mystery” is solved after realizing that he mistook the pin of his Bitcoin (BTC) wallet for the password.In a tweet on Jan. 22, Schiff explained that he knows the pin of his wallet, but after the app was updated, he was logged out…

One of the toughest puzzles in crypto is figuring out what to take seriously. On Friday, the DeFi Alliance — a decentralized finance startup incubator and accelerator — announced a list of 11 new members. Some were predictable, such as oracle provider Chainlink and VC stalwart Blockchain Capital, but one name stood out in particular: eGirl…

The bug only affects the Polygon implementation, and V3 is unaffected A bug in an older version of crypto lending protocol Aave is blocking users from interacting with Wrapped Ether (WETH), Tether (USDT), Wrapped Bitcoin (WBTC) or Wrapped Matic (WMATIC) pools on Aave V2 Polygon, preventing assets from being withdrawn from them, according to a…

ConsenSys rolls scaling network Linea, which delivered faster throughput and 15 times lower transaction costs than Ethereum’s layer 1. The Ethereum ecosystem welcomes another layer-2 scaling solution as ConsenSys begins onboarding partners to its Linea network, which has produced significant scaling milestones in testing.Linea is an Ethereum layer-2 scaling network that allows developers to build or migrate…

There’s no denying that the Indian government shares a contentious relationship with cryptocurrencies, as was made clear recently when the government indicated that it plans on banning all private cryptocurrencies — a list that could potentially include just about every digital asset in the market today — after it had previously lifted all such restrictions…