Coinbase, one of the world’s largest and most prominent cryptocurrency exchanges, announced plans Wednesday to launch a new wrapped and staked Ethereum ERC-20 token called cbETH. The exchange will be listing cbETH on the Ethereum network as an ERC-20 token, allowing customers to use staked Ether (ETH) while earning rewards on the exchange. This announcement …
Coinbase Launches Wrapped Ethereum ERC-20 Token Called cbETH Read More »
Algorithmic stablecoins are stablecoins pegged to real-world assets through algorithms and smart contracts rather than asset-backed stablecoins, which are pegged by holding cash and common cash equivalents. These algorithms often control the supply and demand of a certain coin to maintain its 1:1 peg. By using code and smart contracts to maintain a peg, algorithmic …
BendDAO is a borrowing protocol where borrowers use NFTs to take out Ether loans rather than cryptocurrency collateral. The lenders of this ETH can then earn interest on deposited funds. There are currently only six groups of NFTs that are recognized by BendDAO as NFTs able to be locked in as collateral. This group includes …
BendDAO Makes Emergency Proposal During Credit Crisis Read More »
Kraken is the 4th largest cryptocurrency exchange by trading volume and now supports over 110 coins on its network. In 2020, Kraken became the first exchange to receive a banking license from the state of Wyoming. This made Kraken able to offer fiat services along with digital assets. In addition to Kraken’s use as a …
Kraken Discusses Risks Surrounding Ethereum’s Proof of Stake Transition Read More »
Since reaching a low point of around $4.80 in June, Filecoin has regained ground, mainly through its incentive program Filecoin Plus (Fil+). Acting as the most prominent driver behind most of the blockchain project’s growth, many are worried about the future of Filecoin once the program loses steam. Founded by Filecoin Labs in 2017 and …
Can Filecoin Continue To Grow Without Its Incentive Program Read More »
In an event that seems all too familiar for investors, another stablecoin has lost its peg to the U.S. Dollar. Unfortunately, this de-pegging has become a seemingly frequent occurrence in the stablecoin and crypto world. In theory, stablecoins make a lot of sense and are extremely useful for consumers. By eliminating volatility in the market, …
Yet Another Stablecoin Looses Its Peg | Acala USD (aUSD) Read More »
BitPay, founded in 2011, is the leading cryptocurrency processing service for merchants. The company has recently announced that it now supports payments through ApeCoin (APE) and Euro Coin (EUROC) on its platform. The platform makes it possible for merchants to accept cryptocurrency as a means of payment as seamless as if it was a regular …
Crypto.com is a prominent cryptocurrency exchange and platform with a mission to “accelerate the world’s transition to cryptocurrency.” The platform began in 2016 and was formally known as Monaco. The company aims to make crypto more accessible to the public community and has grown to over 50 million users across the world. It has enticed …
Can Cronos Regain Lost Ground Following May Decision To Cut Staking Rewards Read More »
Last Monday, the United States Treasury sanctioned the Ethereum-based cryptocurrency mixer Tornado for apparently assisting in cryptocurrency money laundering operations. Tornado Cash is a mixing service used to anonymise cryptocurrency transactions and disrupts transaction history by combining ETH deposits from many users into one pool. This pool is then paid out in Ethereum withdrawals making …
Meta’s Instagram has recently partnered with The Flow Blockchain, created by Dapper Labs, to allow users of Instagram to post NFTs on the social media platform using the Flow blockchain. Flow is a layer one blockchain and smart contract platform. NFTs or Non-Fungible Tokens are unique digital tokens which cannot be replaced and exist on …
© 2022 Platypus Terminal | Terms of Use | Privacy Policy | Disclaimer | Cookies Policy
© 2022 Platypus Terminal | Terms of Use | Privacy Policy | Disclaimer | Cookies Policy
Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Anything discussed is for informational purposes only and does not address the circumstances or needs of any particular individual or entity. Investing in Cryptocurrencies is high risk. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.
