Coinbase International, the international trading arm of Coinbase, has announced that it has set leverage limits to 10X on its perpetual futures contracts. This upgrade allows users to execute more efficient trading strategies. However, new transactions are only permitted at leverage rates set out in its Default Initial Margin (DIM) rules. The company has also […]
The Levana perpetual swap protocol, operating on the Osmosis blockchain, recently suffered a significant exploit, resulting in a loss of $1.14 million. Over a 13-day period, an unauthorized party managed to drain more than $1.1 million from Levana’s liquidity pools, causing a loss of 10% of the protocol’s liquidity. The exploit was a result of […]
The United States Bankruptcy Court for the Southern District of New York has granted final approval for Celsius Mining Company’s restructuring plan. The plan involves the creation of a new public company focused on bitcoin mining, with $225 million in funding and the transfer of specific mining assets. The court also approved modifications to the […]
TrueUSD, the fourth largest stablecoin in the market, has announced a strategic initiative to improve trust in stablecoins. The initiative aims to address the controversial issue of transparency of trust reserves in stablecoins. TrueUSD has partnered with MooreHK, one of the largest accounting firms in Hong Kong, to provide attestation services for its fiat reserves.Stablecoins […]
More than a month before its official launch, Blast has already received $1.1 billion in deposits. This is a significant amount considering the platform is not yet live. Depositors can look forward to receiving an airdrop in May 2024, which they can redeem.This early success indicates a strong interest in Blast and suggests that it […]
Bitcoin Ordinals, a digital art collection inscribed on the Bitcoin blockchain, has sparked a heated debate within the cryptocurrency community. Critics argue that Ordinals inscriptions are “spam” and pose a security threat to Bitcoin Core. Luke Dashjr, from OCEAN Mining, even played a role in adding Ordinals to the United States National Vulnerability Database. On […]
Stablecoin issuer Paxos has received regulatory approval from the New York Department of Financial Services (DFS) to extend its products to the Solana blockchain. This marks a significant milestone for Paxos as it expands beyond the Ethereum network, where it was previously the only stablecoin issuer allowed. The Pax Dollar (USDP) will be launched on […]
The U.S. Securities and Exchange Commission (SEC) has been in discussions with several companies, including BlackRock and Grayscale Investments, regarding the possibility of introducing exchange-traded funds (ETFs) linked to spot bitcoin. The SEC has set a deadline of December 29, 2023, for companies to submit their final ETF proposals, with the first round of prospective […]
The decentralized finance (DeFi) platform Telcoin has suffered a $1.3 million exploit due to issues with the proxy implementation of its wallet on Polygon. This incident highlights the ongoing activity of malicious actors in the crypto space, with over $1.7 billion in assets stolen in 2023 alone. Telcoin has taken swift action to address the […]
Grayscale Investments, a company seeking to convert its Bitcoin Trust into a U.S. spot exchange-traded fund (ETF), has announced changes in its leadership. Barry Silbert, the chairman of Grayscale, has resigned and will be replaced by Mark Shifke, the chief financial officer of Grayscale’s owner, DCG. The changes will take effect on January 1, although […]
