Day: March 27, 2024

RWA Platform Ondo Finance Will Use BlackRock’s Ethereum-Based BUIDL Fund to Back Its T-Bill Token OUSG

Ondo’s action marks the first example of a crypto protocol leveraging asset management giant BlackRock’s tokenized fund offering, which debuted last week. The fund, represented by the Ethereum-based BUIDL token backed by U.S. Treasury bills and repo agreements, is targeted for white-listed, institutional clients and requires at least $5 million minimum allocation. While the strict requirements prohibits smaller investors to invest in BlackRock’s BUIDL, it allows other platforms such as Ondo to leverage the fund for its own retail-facing offerings. Source

The Munchables Hack Is Way Worse Than It Seems

After an hour of negotiations led by Munchables, along with independent blockchain investigator ZachXBT and security firm PeckShield, Werewolves0943 was convinced to return all the funds. “The Munchables developer has shared all private keys involved to assist in recovering the user funds. Specifically, the key which holds $62,535,441.24 USD, the key which holds 73 WETH, and the owner key which contains the rest of the funds,” the Munchables’ team posted at 4:40 a.m. UTC. Source

Aerodrome Propels Coinbase’s Base Layer 2 Network to $1 Billion TVL Milestone

CoinspeakerAerodrome Propels Coinbase’s Base Layer 2 Network to $1 Billion TVL Milestone The spike in TVL suggests that the cryptocurrency community is becoming more and more interested in and using Base. As per the latest DeFiLlama data, the total value locked on the Base Network stands at $1.062 billion as of writing. The spike in TVL suggests that the cryptocurrency community is becoming more and more interested in and using Base. Coinbase’s Base Network is an Ethereum Layer 2 blockchain created by Coinbase Global, a leading cryptocurrency exchange. It made…

Layer-2 Blockchain Mantle’s Token MNT Hits All-Time High as Reward System Goes Live

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Zircuit Launches Build to Earn Program to Reward Ecosystem Contributors – Blockchain News, Opinion, TV and Jobs

George Town, Grand Cayman, March 27th, 2024, Chainwire Zircuit, a fully EVM-compatible ZK rollup with parallelized circuits and AI-enabled security, today launched its Build to Earn program to incentivize builders, founders, and community members who contribute to the Zircuit ecosystem. Backed by Pantera Capital, Dragonfly Capital, and Maelstrom, Zircuit currently has over $800M staked. Remote Blockchain Education – Blockchain Partners Zircuit is a playground for new applications and open experimentation, and projects that launch on Zircuit will benefit from higher security guarantees and protection from hacks through its groundbreaking AI-enabled…

Here’s Why The Cardano Price Is Struggling Below $0.7

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A plausible explanation has emerged for why the Cardano (ADA) price has dropped below the psychological price level of $0.7. The crypto token saw a sharp correction from its monthly peak of $0.8, recorded on March 14, and has since failed to recover such a height.  Cardano Whales Responsible For Price Decline Data from the crypto analytics platform Santiment shows that the whale transaction count ($100,000 and above) on the network has reduced since March 14. That period was when Cardano hit a high of $0.8, which suggests that ADA…

Judge Denies Coinbase Dismissal Request; CEO Hails Win for Self-Custody Wallets

New York Judge Katherine Polk Failla has ruled that the U.S. Securities and Exchange Commission (SEC) has “sufficiently pleaded” its case and the lawsuit will move forward. Legal Battle Ahead: Coinbase Dismissal Motion Rejected by Judge On Wednesday, the most recent legal filings revealed that Judge Katherine Polk Failla has declined Coinbase’s request to dismiss […] Source BitcoincryptoexchangeExchanges CryptoX Portal

XCAD Announces Multiple Governments’ Backing for New Initiative to Expand Web3 Education – Blockchain News, Opinion, TV and Jobs

UAE, UAE, March 27th, 2024, Chainwire XCAD Network – a tokenisation platform for YouTubers to connect and reward their viewers with crypto tokens – today announced it has signed MOUs (Memorandum of Understanding) with multiple governments to expand incentivised Web3 education to millions of people across the globe. By securing the support of several governments, XCAD aims to bridge the gap between Web2 and Web3, and enable more people to partake in the Web3 Space. XCAD Network has announced the first government agreement, which is with Pakistan. Under this partnership,…

Ether.Fi (ETHFI) Price Gains 50% While Bitcoin (BTC), Ether (ETH) Slump as Liquid Restaking Narrative Heats Up

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…