Wednesday, October 16, 2024

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Stay informed with the latest developments across the cryptocurrency landscape, covering a wide range of topics from DeFi innovations and EIP's to blockchain security updates and regulatory changes. Our news sections provide in-depth analysis of decentralised finance, offering insights into new protocols and market shifts. Explore the evolving world of NFTs, where digital ownership is being redefined. Stay updated on the latest security practices and threats in the crypto space. Additionally, keep track of global regulatory updates that impact the future of digital currencies and blockchain technology.

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Coinbase Introduces cbBTC: Wrapped Bitcoin Aims to Rival BitGo’s WBTC

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Coinbase has made a bold move into the world of decentralised finance (DeFi) with the launch of cbBTC, its own wrapped version of Bitcoin. This ERC-20 token, backed 1:1 by Bitcoin held in custody by Coinbase, allows Bitcoin holders to leverage their assets within the Ethereum and Base ecosystems. Coinbase’s entry into the wrapped Bitcoin market comes at a time of growing competition, particularly with BitGo, whose Wrapped Bitcoin (WBTC) has long dominated the space. With cbBTC, Coinbase aims to provide an alternative while expanding Bitcoin’s utility in DeFi.
Altcoins

MakerDAO Rebrands as Sky Ahead of USDS Stablecoin Launch

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MakerDAO, the pioneering decentralised finance (DeFi) platform, is undergoing a rebranding to Sky, introducing a new stablecoin, USDS, and a governance token, SKY.

Aave Proposes New GHO Stability Module Integration with BlackRock’s BUIDL

Stablecoin Market Reaches Record $168.1 Billion as Institutional Demand Surges

Privacy-focused Nillion Network Integrates with Arbitrum

zkSync and Avalanche Discord Breaches Underscore Urgent Need for Enhanced Security

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YFarmX is a web3 media brand that delivers breaking news and premium insights about digital assets. As part of our editorial content, we provide learners with the critical analysis and information they need to make smarter decisions and to better understand emerging web 3.0 technologies.

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Latest News

SBF Appeal Seeks to Overturn Conviction, Cites Judicial Bias

Solana News 0
Sam Bankman-Fried has filed an appeal seeking a retrial of his fraud conviction, citing judicial bias and claiming that the original trial was unfair. His legal team argues that the judge's actions compromised the fairness of the trial, leading to an unjust conviction.

UK Parliament Introduces New Bill to Recognise Cryptocurrencies as Personal Property

Regulation 0
The UK Parliament has introduced the Property (Digital Assets etc) Bill, officially recognising digital assets like Bitcoin, NFTs, and carbon credits as personal property. This new legislation provides owners with legal protections against fraud and theft, positioning the UK as a global leader in crypto law.

TADA Partners with TON to Introduce Web3-Powered Ride-Hailing

TON 0
TADA, a leading ride-hailing service in Southeast Asia, has partnered with the TON Foundation to launch TADA Mini, a Telegram-based app that integrates Web3 technology into ride-hailing. Users can now book rides directly through Telegram and pay with cryptocurrencies like $TON or $USDT-TON. This collaboration marks a step forward in mainstreaming blockchain technology and cryptocurrency adoption in everyday services.

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