Coinbase’s cbBTC Token To Transform Bitcoin DeFi Adoption
Coinbase’s entry signals the latest major institutional entrant into the field of BTCFi. Coinbase, the world’s second-largest cryptocurrency exchange, is poised to significantly advance the adoption of Bitcoin-native decentralized finance (DeFi). The exchange recently hinted at developing a new Wrapped Bitcoin (BTC) token, Coinbase BTC (cbBTC), sparking considerable excitement among crypto investors. According to Rena Shah, […]
Bybit Expands Offerings with PYUSD Integration
Users can now deposit and withdraw PayPal’s PYUSD stablecoin on the Solana network, according to cryptocurrency exchange Bybit. In a press statement dated August 15, Bybit stated that it had expanded its support for Solana-based assets, adding PayPal’s PYUSD stablecoin among them. The measure comes after PYUSD recently passed the 500,000th processed transaction milestone, demonstrating […]
WazirX Plans Maintenance to Recover Balances Post $234M Hack
WazirX’s ability to restore balances and secure assets will determine its future and industry security. The hacked Indian cryptocurrency exchange WazirX has announced a scheduled maintenance period to restore account balances and reverse specific trades. According to a post on the X social platform, the maintenance will occur from 6 pm on August 15 to […]
Bybit Unveils New Listing Framework
In an effort to strengthen user protection, Bybit has introduced a thorough new listing and delisting system for cryptocurrencies. The adjustments were revealed by the exchange, which is the second-largest in the world based on trading volume, in a press release dated August 13. Bybit added that it has listed 151 new tokens in 2024 […]
Rain Exchange Hacker Launders ETH via Tornado Cash
This breach and subsequent laundering activity show the continued vulnerabilities faced by centralized exchanges, even those with strong security measures. The hacker responsible for the recent attack on the Rain crypto exchange has begun laundering stolen Ether through Tornado Cash, a popular mixing service. A blockchain security firm, PeckShield, has closely monitored the situation and identified the […]