Cointelegraph By Tom Blackstone
Cosmos-based networks Umee and Osmosis will merge via a software upgrade, according to a Dec. 4 announcement. Umee’s UX Chain code will be reimplemented on the Osmosis chain, allowing features of the two networks to be combined and creating what the development teams call a “DeFi Hub” for the...
USD Coin (USDC) stablecoin issuer Circle has denied claims of illicit financing and ties to Tron founder Justin Sun in an open letter posted to Circle’s blog on Nov. 30. A nonprofit watchdog group previously accused Circle of having ties to Sun.The post was published on Nov. 11 and...
Crypto exchange Binance launched a pilot program that allows banks to store trading collateral off-exchange, according to a Nov. 30 announcement. Binance claimed that the program will help to reduce counterparty risk.According to the announcement, the program allows institutions to hold collateral at a third-party bank instead of depositing...
Multi-party computation (MPC) wallet provider Fireblocks has released a new trading system for institutions that use centralized exchanges, according to a Nov. 28 announcement. Called “Off Exchange,” the new system allows institutional traders to swap tokens without first depositing them on the exchange. Fireblocks claimed this system would help...
Bitcoin (BTC) exchange-traded products (ETPs) registered $312 million in inflows for the week of Nov. 24, bringing year-to-date inflows to around $1.5 billion, according to CoinShares. The weekly inflows for all cryptocurrencies totaled $346 million, continuing a nine-week trend of positive net flows. New record of inflows with US$346m this...
The governance token for crypto mixer Tornado Cash, TORN, has fallen by over 50% since Nov. 26, according to data from CoinGecko. The crash came on the same day that crypto exchange Binance announced it was delisting the token.Tornado Cash is a cryptocurrency mixing protocol, and TORN is used...
Web3 protocol Blast network has gained over $400 million in total value locked (TVL) in the four days since it was launched, according to data from blockchain analytics platform DeBank. But in a Nov. 23 social media thread, Polygon Labs developer relations engineer Jarrod Watts claimed that the new...
Final Fantasy game developer Square Enix announced auction dates for its upcoming Symbiogenesis non-fungible tokens (NFTs). In a Nov. 24 social media post, the team said it would sell the NFTs in three batches. The first batch will be auctioned from Nov. 27-28, the second from Nov. 30-Dec. 4...
The attacker who drained $46 million from KyberSwap relied on a “complex and carefully engineered smart contract exploit” to carry out the attack, according to a social media thread by Ambient exchange founder Doug Colkitt. Colkitt labeled the exploit an “infinite money glitch.” According to him, the attacker took advantage...
Decentralized crypto exchange PancakeSwap has implemented a new voting system called “Gauges” and sunsetted its vCAKE metric, replacing it with a new metric called “veCAKE.”Your CAKE, Your VoiceIntroducing Gauges Voting and veCAKEMore governance power Control CAKE emissions Deeper liquidity Vote Incentiveshttps://t.co/doaCruwMV6 pic.twitter.com/GxHGHdIG4J— PancakeSwapEveryone's Favorite DEX (@PancakeSwap) November 22, 2023
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