More stories

  • in

    Optimism transactions surpass Arbitrum, but what’s behind the uptick in users?

    Being one of the pioneers in the DeFi space, Optimism initially gained an edge but had to contend with fierce competition. The project has been trailing behind other scaling solutions in terms of daily transactions for the past six months. However, in late July, the situation changed, as Optimism finally overtook its main competitor, Arbitrum, and is showing signs of increasing demand from users.Continue Reading on Coin Telegraph More

  • in

    Binance starts BTC/FDUSD and ETH/FDUSD trading pairs with zero-fees

    Per the announcement, starting from 08:00 UTC on Aug. 4, users will benefit from zero maker and taker fees for BTC/FDUSD spot and margin trades through the Zero-Fee Bitcoin Trading Program. Additionally, users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user’s VIP level.Continue Reading on Coin Telegraph More

  • in

    The Sandbox implements KYC measures for protocol staking

    The announcement stated that only verified users could deposit The Sandbox (SAND) tokens, which are native to the platform, and claim staking rewards, while non-verified users will be placed into withdraw-only mode. Data from blockchain analytics firm Messari shows that 123 million SAND, or 6.7% of the token’s circulating supply, is currently staked by users. The Sandbox developers wrote:Continue Reading on Coin Telegraph More

  • in

    Futureverse co-founders launch $50M venture fund

    According to an Aug. 3 announcement, the fund is dubbed “Born Ready” and will invest in emerging technology ventures possessing collaboration potential with either Futureverse or metaverse blockchain The Root Network. The co-founders say Born Ready has already invested in firms such as FCTRY Lab, Power’d Digital, Polemos and Walker Labs.Continue Reading on Coin Telegraph More

  • in

    Worldcoin: Should you let Sam Altman scan your eyeballs for WLD?

    The tokenomics for Worldcoin’s WLD token are such that only 1% of the total value is floating right now. That kind of overhang is unprecedented, even in the wild world of crypto distributions. The token won’t long hold its value unless the entire world puts their eyeballs into the Orb. Unlike Bitcoin or Ethereum — which grew organically through user adoption and utility — the project is all or nothing. Either it is the only solution for on-chain identity or it will be worthless.Continue Reading on Coin Telegraph More