Coinbase made $1.6 billion in profits in the second quarter, as ETH volume surpassed BTC
Coinbase made $2.23 billion in revenue in the second quarter, above analyst expectations of $1.78 billion, this was a significant increase over the previous quarter’s $1.78 billion. When it comes to trading volume, Ethereum (ETH) overtook Bitcoin (BTC) on Coinbase for the first time in the second quarter of 2021, resulting in $2.23 billion in […]
Counterfeit vax certificates revive calls for blockchain-based solution in Australia
As counterfeit Covid passports proliferate online, experts are calling for the establishment of a blockchain-based vaccine registry in Australia. Local experts are pushing for the countrywide launch of a blockchain-based vaccine passport to safeguard the efficacy of the country’s “Covid certificate” system, which has been plagued by the circulation of counterfeit coronavirus vaccination certificates online. […]
Ethereum supply soars briefly into deflation as gas fees rises
So far, a surge in gas fees and Ethereum burn rates has resulted in the creation of nearly 800 deflationary blocks. Since Ethereum’s London update last week, its potential deflationary features have already been demonstrated in operation on the blockchain, with around 800 “deflationary blocks” having been generated so far. A surge in the Ethereum […]
Man who minted 14M ICX tokens as a result of a bug can file lawsuit to keep them
A defect in an upgrade to the ICON blockchain that occurred in 2020 allowed a user to manufacture millions of ICX tokens on a regular basis. According to a California federal judge, a cryptocurrency enthusiast who took advantage of a defect in the ICON network to mint a substantial amount of the network’s native ICX […]
Hackers stole at least $600M from PolyNetwork
Today, the PolyNetwork interoperability protocol was hacked, at least $600.3 million in stolen funds has been made off with by the assailant. Unknown hackers utilised an exploit in the cross-chain protocol PolyNetwork to remove at least $610 million from three chains in what could be the greatest attack in the history of decentralised finance. PolyNetwork […]