Circle to Launch Euro-Backed Stablecoin on 30 June
- The so called Euro Coin (EUROC) will be fully backed by euro-denominated reserves, with the initial custodian being San Diego-based Silvergate Bank.
- Circle noted that the Grant Thornton LLP will be issuing attestations of EUROC’s reserves on a monthly basis, starting July.
June 16, 2022, 5:15 PM
Jeremy Allaire (Circle CEO) speaks on a panel discussion during the Digital Life Design (DLD) Conference at the HVB Forum on January 20, 2014 in Munich, Germany. Hubert Burda Media/Picture Alliance
Celsius Pauses Withdrawals and Transfers, CEL Drops 55%
- The company said the move was made “to protect and preserve assets”, and was caused by “extreme market conditions”.
- Over the last few days the company has also moved massive amounts of wBTC and ETH from the Aave platform to the FTX exchange for unknown reasons.
June 13, 2022, 8:34 AM
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GameStop Launches Crypto and NFT Wallet
- GameStop’s self-custodial browser extension wallet will run on Ethereum’s Loopring layer-2 scaling protocol, enabling cheaper and faster transactions.
- The GameStop wallet will also allow users to connect to the GameStop NFT marketplace, which is expected to launch in the second quarter of the company’s financial year.
May 23, 2022, 6:19 PM
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Ukraine Receives Over $35M in Crypto Donations, Announces Airdrop
- In order to thank the crypto community for its support, the Ukrainian government is planning to conduct an “airdrop” to donors that have contributed crypto.
- Although the Ukrainian government accepts donations only in ETH, BTC, USDT, and DOT, Uniswap has launched an interface that converts ERC-20 tokens into ETH before sending them to Ukraine.
March 2, 2022, 12:33 PM
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Mar 1, 2022
CME Group to Launch Micro BTC and ETH Options
- Genesis Global Trading, Cumberland, and Akuna Capital will be providing liquidity for CME Group’s new crypto investment vehicle.
- The new micro BTC and ETH options, expected to start trading on 28 March, will allow for a wider range of market participants to manage their exposure.
Feb 23, 2022
Layer-2 Solution StarkNet Ready for DApp Deployment
- Launched back in November with limited functionality, StarkNet is a permissionless version of StarkWare’s StarkEx platform, which supports DeversiFi, Immutable, and dYdX.
- The StarkNet team is planning to decentralize the project sometime in the second half of 2022, and hand over StarkNet’s governance to its community.
Feb 3, 2022
Token Bridge Wormhole Exploited for $334M
- Since the incident, the Wormhole team has claimed to have found a fix to the exploit, which has already been deployed, and that all funds were safe.
- The token bridge has also contacted the hacker through his Ethereum address, offering him a $10 million bug bounty if he was willing to return the stolen funds.
Feb 1, 2022
ConsenSys Acquires Wallet Manager MyCrypto
- Although the two brands will initially operate separately, the ultimate goal is to have MyCrypto merge with MetaMask over time.
- Part of ConsenSys’ decision to acquire MyCrypto was its developer team, and their shared focus on user safety and security.
Jan 11, 2022
Sports NFT Platform Lympo Hacked for $18M
- The hacker got away with 165.2 million of the project’s LMT tokens, which fell in price by 92% after the accident.
- Lympo’s team removed LMT from various liquidity pools shortly after the incident, and is currently working on a plan to remedy the situation.
Dec 2, 2021
Mercado Pago to Launch Crypto Services in Brazil Through Paxos
- The new feature, expected to launch by the end of December, will give Brazilian Mercado Pago users access to Bitcoin, Ethereum, and the Pax Dollar.
- Once the feature is launched, Brazilian users will be able to directly buy crypto using their existing account balance.