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PancakeSwap Expands to Coinbase-Incubated Base Network
PancakeSwap joins DeFi heavyweights like Uniswap, SushiSwap, and 1inch launching on the buzzy layer-2 network Base.
PancakeSwap, the leading decentralized exchange on BNB Chain, is expanding to the Coinbase-incubated Ethereum layer-2 network Base.
Its move to Base is part of the ongoing multi-chain expansion from the PancakeSwap team.
After Base, the exchange is also live on four other Ethereum rollups in Polygon’s zkEVM, zkSync Era, Arbitrum, and Linea.
Currently, 94.8% of PancakeSwap’s total $1.37 billion in liquidity sits on the BNB Chain, per DeFiLlama data. Read More
Could E-Commerce Platforms Help Make Crypto More Mainstream
The years 1994 and 1995 saw the first real push into the area of e-commerce, with the likes of eBay, Amazon and Craigslist all coming into existence.
No doubt that in the early days, these companies were mere cavemen to what they would become in later years, but with their births and subsequent growth, online sales became mainstream.
Today, buying almost everything through the internet has become such a part of most people’s daily lives that little thought is given to where things might be going – but a revolution in virtual payment systems is sweeping through the world in the form of digital currencies, and the internet retail industry might just be the catalyst to making crypto go fully mainstream.
Today we will be taking a look at how online shopping might help to springboard the use of cryptocurrencies and exploring the benefits and challenges that are strewn along the way. Read More
Polygon's new open-source L2 chain developer stack to support Ethereum ZK-powered layer 2s
Polygon’s Chain Development Kit allows developers to freely build, customize and deploy layer 2 chains connected to the wider Ethereum ecosystem.
The Ethereum ecosystem could welcome a variety of new layer 2 (L2) protocols built on Polygon’s newly released open-source codebase, Chain Development Kit, which harnesses zero-knowledge proof (ZK-proof) technology to ensure security and fast finality.
Jordi Baylina, co-founder and technical lead for Polygon, spoke to Cointelegraph exclusively about the new toolset, which is publicly available on a GitHub repository:
“The motivating idea is simple: It should be easy and seamless for developers to launch a ZK-powered layer 2 on Ethereum, tailored to the requirements of their project.”
According to Baylina, a key aspect is that Polygon CDK enables automatic access to liquidity across all of Polygon’s chains as well as the wider Ethereum ecosystem, providing “on-demand scale, without fragmenting liquidity.”
The Ethereum developer pointed to a number of different projects building CDK-powered chains across a variety of use cases, including payment-specific L2s, decentralized finance, gaming, social-specific platforms, and creator or nonfungible token platforms. Read More
US, UK intel agencies warn against new crypto malware: Report
Several U.S. and U.K. intelligence agencies have published a joint report warning users about a new malware called “Infamous Chisel,” which targets Android devices.
An advisory report issued by government agencies in the United States and the United Kingdom warns users to beware of new malware being used to target crypto wallets and exchanges.
The U.S. National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), Federal Bureau of Investigation (FBI) and the U.K.’s National Cyber Security Centre (NCSC), which is a part of the Government Communications Headquarters (GCHQ) collaborated to release a joint report about the malware dubbed the “Infamous Chisel.”
According to the report, the malware has been tied to the activities of Sandworm, a cyberwarfare unit working under the GRU, Russia’s military intelligence agency. The joint report also noted that Sandworm has been targeting the Android devices of the Ukrainian military, using the new malware to extract information from compromised mobile devices. Read More
Great news, Markethivers! The wallet is now installed on the Markethive platform. Markethive has kept its promise and delivered a complete working wallet. This mighty, robust, and secure wallet encompasses all aspects of facilitating your business and securing all your financials within Markethive, like earnings and payments, dividends paid from your ILPs, retail products, etc.
This is a significant step in the right direction for monetizing Markethive’s ecosystem as it endeavours to ensure and restore sovereignty and financial freedom increasingly being stripped from us by a global authoritarian regime. This article will illustrate what you need to know and do to access the now-operational wallet.
Understand that access and functions of the wallet are only for Entrepreneur One (E1) members at this stage. E1 members can now retrieve their Hivecoin (HVC) from their cold storage to their hot wallet. (You can do this in preparation for the forthcoming coin exchanges and your 3rd party self-custody wallet.) You can also transfer HVC to other members within Markethive via the wallet. Read More
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Uniswap Ruling Creates Regulatory 'Anomaly' for DeFi: Legal Scholar
A district judge's recent decision in a class action lawsuit against Uniswap demarcates DeFi from centralized exchanges like Coinbase.
As the crypto industry weathers what advocates say are oceans of regulatory uncertainty in the United States, a district judge’s ruling earlier this week dove into decentralized finance (DeFi), and may have calmed the waters for protocols like Uniswap.
Tossing out a class action lawsuit on Wednesday, Southern District of New York Judge Katherine Polk Failla found that Uniswap’s investors and developers were not liable under federal securities laws for so-called scam tokens that burned a trader.
In the decision, she parsed how the permissionless nature of projects powered by automated smart contracts creates situations where decentralized exchanges should be viewed differently from centralized ones, such as Kraken or Coinbase. Read More
MakerDAO co-founder proposes fork of Solana codebase for native chain
Rune Christensen stated that Solana’s codebase should be the foundation of MakerDAO’s upcoming blockchain, as he highlighted that it’s optimized for building “highly efficient blockchains.”
MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off a fork of Solana’s codebase, not the Ethereum Virtual Machine (EVM), despite its long-running ties with Ethereum.
MakerDAO’s native chain, dubbed “NewChain,” is part of the fifth and final phase of the MakerDAO “Endgame” upgrade announced in May.
The final phase is expected to take around three years to complete, and it will see the full re-implementation of the Maker protocol into a new stand-alone blockchain.
In a Sept. 1 X (formerly Twitter) post highlighting the proposal, Christensen stated: “After some research, I believe the Solana codebase should be considered as the basis for NewChain.” Read More
London Stock Exchange to create traditional assets trading platform on blockchain
The LSE Group has been exploring how blockchain can improve traditional asset trading, according to an executive.
The London Stock Exchange (LSE) Group reportedly plans to create a blockchain-based platform offering traditional financial assets.
According to a report in the Financial Times, the company has been looking into the potential of a blockchain-based trading venue for a year. LSE Group’s head of capital markets, Murray Roos, said that the company’s efforts in looking into the blockchain had reached a point where it decided to move its plans forward.
Roos also clarified that it will not be building anything around cryptocurrencies. However, the company will use blockchain technology to enhance the efficiency of holding, buying and selling traditional assets. Read More
Lido Dominance Prompts Warnings About Liquid Staking Derivatives
Community members are warning that the staking protocol is at risk of becoming too centralized, and could undermine Ethereum as a whole.
Liquid staking solution Lido Finance now accounts for about a third of all staked Ethereum (ETH), and that is making some community members worry. The increasing clout of Lido, they say, is undercutting the decentralized character of Ethereum as a whole.
"Lido may be the biggest attack on Ethereum's decentralization ('credible neutrality') in our entire history," said Evan Van Ness, Ethereum's chief decentralization officer, in a Twitter post on Friday.
In the last year, the amount of ETH staked has risen nearly 95% from just over $22 billion to about $41.6 billion, according to Dune Analytics. Of this amount, Lido accounts for 32.7% of all staked ETH on the market—nearly four times higher than the amount staked by runner-up Coinbase at 8.7%. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
