Galaxy Digital to Provide Crypto Price Data Through Chainlink
- Partnering with Chainlink will allow Galaxy Digital to distribute its crypto pricing data to various blockchains, and help developers build better applications.
- The company noted that its high-quality pricing data will play a valuable role in “unlocking exciting new use cases and driving innovation across the DeFi ecosystem.
September 27, 2022, 2:42 PM
Michael Novogratz, CEO of Galaxy Digital Adam Jeffery/CNBC
Nasdaq to Launch Crypto Custody for Institutional Clients
- Stock market operator Nasdaq has formed a new digital asset division, which will develop and launch a digital asset custody services to institutional clients.
- The move is in line with Nasdaq’s mission to be a service provider in the crypto space, rather than facilitate trading of cryptocurrencies.
September 20, 2022, 6:08 PM
NASDAQ MarketSite location at Times Square, New York, September 9, 2016. andersphoto/Shutterstock
ETHW Replay Exploit Caused by Omni Contract Vulnerability
- Over the weekend the Ethereum PoW network fell victim to a replay exploit, with the attacker executing the same transaction on two chains at the same time.
- The exploit was caused by a contract vulnerability in the Omni cross-chain bridge, and did not affect the ETHW network itself.
September 19, 2022, 11:47 AM
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The Merge is Finalized, Ethereum Switches to Proof-of-Stake
- Ethereum’s PoS upgrade, also known as the Merge, was executed at 06:44 AM UTC on 15 September, combining the existing blockchain with the parallel Beacon Chain.
- The move has reduced Ethereum’s energy consumption by more than 99%, which is equal to 0.2% of the global electricity consumption.
September 15, 2022, 10:27 AM
Ethereum founder and Vitalik Buterin during TechCrunch Disrupt SF, San Francisco, California, September 18, 2017.
Steve Jennings/Getty Images for TechCrunch
Aug 31, 2022
Compound’s cETH Market Temporarily Frozen Due to Code Bug
- Despite having its code audited by three separate firms, Compound’s Proposal 117 introduced a bug that caused cETH transactions to revert, temporarily freezing its market.
- A proposal to fix the issue has already been created, but it needs to go through a seven-day governance process before taking effect.
Aug 25, 2022
Coinbase Launches Wrapped Staked ETH Token
- Called Coinbase Wrapped Staked ETH (cbETH), the new token will allow Coinbase customers to use their staked ETH while still earning rewards on the exchange.
- cbETH will not track the price of ETH as it represents the stacked token plus all of its accumulated staking interest, which will cause a “divergence” in the price of the two assets.
Jul 19, 2022
Lido Finance Expands ETH Staking to Layer-2
- Lido has already integrated its bridged staking services with Argent and Aztec, and will reveal more partnerships in the coming months.
- The company will initially support bridging and staking of wrapped stETH (wstETH) on layer-2 networks, but will eventually allow of staking of ETH directly on layer-2 networks.
Jul 12, 2022
PicPay to Launch Crypto Exchange and Stablecoin in Brazil
- The exchange, which will reportedly launch within a month, plans to initially support Bitcoin, Ethereum, and Pax Dollar.
- PicPay’s stablecoin pegged to the Brazilian real, called the Brazilian Real Coin (BRC), is expected to launch by the end of the year.
Jun 16, 2022
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.
Jun 13, 2022
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.