Coinbase Cloud, the Web3 infrastructure branch of Coinbase, has announced that it will become a Chainlink (LINK) oracle node operator to improve smart contract security. In a statement shared with CryptoSlate on May 18, Coinbase Cloud revealed that Chainlink plays a critical role in providing real-world data for web3 through decentralized Oracle networks. Many Web3
Bitcoin has reached a significant milestone this month with over 1 million addresses holding at least 1 BTC, according to on-chain analytics firm Glassnode. These addresses are referred to as “wholecoiners” as they hold a whole Bitcoin. Glassnode data shows that these “wholecoiners” have been steadily accruing since mid-2021, and the upward trend in 1-BTC
Cloak Protocol is a new cryptocurrency platform that aims to provide complete decentralization, anonymity, security, and privacy to its users. It is a DeFi (decentralized finance) platform that offers a decentralized ecosystem with zero-knowledge proof protocols to protect users’ data and identity while completing transactions. Features and Use Cases Cloak Protocol is built on the
The Office of the New York Attorney General took action against Coin Cafe, a crypto company that charged extremely high fees to wallet users. The company advertised its wallet service as free and did not inform users of its actual fee structure, resulting in New York residents being charged tens of thousands of dollars in
On May 18, the Digital Assets Financial Technology Inclusion Committee held a hearing to discuss stablecoin policy. The committee aims to pass legislation supporting stablecoins as a recognized payment method. The meeting was opened by Congressman French Hill. He highlighted the need to pass the appropriate regulatory framework to allow stablecoins to be used as
After the recent controversy surrounding Ledger, a hardware wallet specialist, competitors have taken the opportunity to address the concerns expressed by some users. One such competitor is Trezor, a hardware producer, who aims to capitalize on Ledger’s troubles by offering a discount to buyers. Trezor’s website boldly promotes “Open Source security you can verify” and
The Economic and Financial Affairs Council of the European Union has given the Markets in Crypto Assets (MiCA) regulation the final green light. The council, which is made up of finance ministers from all 27 member states, unanimously adopted the regulation on May 16th following the final parliamentary vote on April 20th. Two additional legislations
Bitcoin’s Ordinal inscriptions have been breaking milestones, with over 7 million inscriptions embedded in the blockchain. This surge continues to defy detractors, shattering any skepticism towards the trend’s demand. The current count stands at 7,204,882 inscriptions as of May 16, 2023, since the inaugural inscription on December 16, 2022. The Significant Acceleration The world of
Senator Cynthia Lummis expressed disappointment with Signature Bank’s former Chairman Scott Shay and former President Eric Howell at a Senate Banking Committee hearing on Tuesday. Lummis, a Wyoming Republican and crypto advocate, criticized Shay’s supposed deflection of blame for the bank’s failure and his wordiness about crypto. Signature Bank was one of three banks to
Launchpad XYZ is a metaverse platform with an ambitious vision to create an all-in-one hub that offers users access to the best projects in the blockchain arena. Its aim is to create a more accessible web3 space by constructing a user-friendly, curated portal. The platform envisions an unbiased window into the latest and greatest experiences