Eclipse targets October to launch ‘Solana on Ethereum’ L2

Coinbase, a leading U.S. cryptocurrency exchange, shared its 2Q results on August 3. Despite showing a net loss, some positives emerged, like a 13% cut in operating expenses from the last quarter and a 3% boost in its cash reserves to $5.5 billion. Coinbase key financial metrics, USD million. Source: CoinbaseHowever, the exchange took a hit…

MoonBeam wants Ethereum developers to feel comfortable on Polkadot. 927 Total views 13 Total shares The MoonBeam project is planning on setting up a custom parachain that emulates the Ethereum Virtual Machine environment, effectively recreating Ethereum (ETH) on Polkadot (DOT).Developers on Polkadot and some other interoperability projects usually need to set up an entire blockchain…

The exchange also announced plans to remove USDC as a tradable asset from its platform. 5857 Total views 26 Total shares Cryptocurrency exchange Binance announced Monday that it plans to halt all deposits and withdrawals of Ether (ETH) and Wrapped Ether (wETH) on selected networks starting Sept. 6 at 2:00 am UTC in anticipation of…

Like many people, I was originally dubious of Elon Musk’s takeover of Twitter given his historic tendency to make bold promises but later back away. That said, there is merit to his idea of adding a subscription layer to Twitter and using it to both improve curation and diversify away from advertising. If you believe…

Recent research from major financial institutions tied to the Federal Reserve sees the U.S. facing a “shallow” or “mild” recession in 2023. 317 Total views 4 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTThe United States economy could be in for an upset. Data from a Wall Street Journal survey revealed…

In a deleted customer service message, Binance said that the failed withdrawals were caused by temporarily suspended EUR transactions through SEPA. Binance cryptocurrency exchange customers are allegedly facing troubles with fiat withdrawals in Europe due to issues related to the Single Euro Payments Area (SEPA) transfers.The exchange has allegedly suspended euro withdrawals and deposits via…

Brave has now onboarded 20 million active users and almost 1 million content creators. 1248 Total views 23 Total shares Brave Browser recently hit a major milestone: 20 million active monthly users, up from 8.7 million the same time last year. The number of active daily users has increased at a similar rate, from 3 million…

Executives at the Deutsche Bundesbank are eager to launch a blockchain-based system without the need for a CBDC — and they just might succeed. 1120 Total views 13 Total shares Germany’s federal bank, the Deutsche Bundesbank, has run successful tests on a project which bridges the traditional finance infrastructure with blockchain technology. Despite the current…