This article contains a complete guide to understanding what is Ethereum Shanghai upgrade, how does the Ethereum Shanghai upgrade impact users, and more. Introduction Ethereum completed its transition to a Proof of Stake (PoS) consensus mechanism in September 2022. Previously, Ethereum processed and validated transactions using Proof of Work (PoW) and a mining mechanism. Users…
Unchained Capital, a Bitcoin financial services company, raises $60 million. The Unchained Capital funding (Series B fundraising) comes approximately five months after the company reduced 15% of its workforce due to the pressures of the protracted crypto bear market. Keynotes In a news release issued on Tuesday, Unchained, a firm that offers financial services to…
Crypto Wallet Metamask Denies Claims of $10M Exploit. According to Metamask, its security team is collaborating with others in the Web3 wallet space to find the source of the exploit. Keynotes Leading Web3 wallet provider MetaMask declined accusations that its wallet was impacted in a major “wallet-draining operation” that resulted in the disappearance of over…
Coinbase expands overseas amidst US regulatory pressure. The Bermuda Monetary Authority has granted the exchange a business license to deal in digital assets. Keynotes The Bermuda Monetary Authority has granted Coinbase, the second-largest cryptocurrency exchange in the world, a license to conduct business in digital assets. Bermuda Premier David Burt tweeted. In a series of…
Coinbase CEO Plans Relocating Company Away from the US. If the United States doesn’t modify its approach to regulation, the cryptocurrency exchange may think about relocating its headquarters elsewhere. Keynotes According to CEO Brian Armstrong, if the US doesn’t modify its approach to regulation, cryptocurrency exchange Coinbase may think about transferring its headquarters abroad. Armstrong’s…
Paxful unfreezes 88% of frozen user accounts amidst its legal challenges. The exchange reported that it had unfrozen 88% of the user accounts that had previously been frozen following the suspension of its operations. Fast facts With operations in over 160 countries, Paxful is one of the largest peer-to-peer cryptocurrency markets. Users can buy and…
African blockchain funding increases by 429%. This surge in funding substantially exceeded the global average, which saw only a 4% increase in blockchain funding. Fast facts According to the 2022 “African Blockchain Report” by CV VC, blockchain deals in Africa raised a total of $474 million in 2022, a 429% increase over the $90 million…
Gnosis Chain invests $5 million in a validator incentive program toward decentralization. Fast facts Gnosis Builders, the developer of the blockchain network Gnosis Chain, announced a $5 million project on April 18th to enhance the number and diversity of validators through incentive mechanisms. The new venture is known as “Gnosis VIP.” Following the introduction of…
Safemoon Hacker Agrees to Return $7.1 Million to Developers Following an $8.9 million hack. The cryptocurrency and blockchain company reached a consensus with the hacker, who agreed to return 80% of the stolen funds. Fast facts SafeMoon is a cryptocurrency and blockchain startup founded in March 2021. The company also has a SafeMoon token (SFM)…
Lending Protocol Aave passes ‘temperature check’ vote to launch on zkSync Era Mainnet. The lending protocol with nearly $8B in total value locked (TVL) is set to launch on zkSync Era Mainnet. Fast facts On April 14, Aave took to Twitter to announce that “a [Temp Check] is currently running to deploy Aave V3 on…