News Explorer — Crypto App Friend.tech Lures Waves of Users and Rakes in the Revenue
The Friend.tech app, built on the Coinbase-incubated Ethereum layer2 Base, has experienced a surge in activity since its launch. The app allows users to tokenize Twitter accounts to buy and sell “shares” of their favorite social media personalities. It has gained popularity within the crypto community, with a significant increase in unique users and revenue. However, some analysts have raised concerns about the sustainability of the app’s hype and its steep bonding curve.
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Aug 21, 2:22 am
Decrypt
Pepe, Shiba Inu Face Hefty Weekly Losses Dropping More Than 20%
Meme coins Pepe (PEPE) and Shiba Inu (SHIB) have experienced significant losses in value over the past week. PEPE has dr… Read Summary
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Aug 21, 2:07 am
Decrypt
Crypto App Friend.tech Lures Waves of Users and Rakes in the Revenue
The Friend.tech app, built on the Coinbase-incubated Ethereum layer2 Base, has experienced a surge in activity since its… Read Summary
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Aug 21, 12:18 am
Coindesk
Market Eyes Multi-Million-Dollar Token Unlocks for Lido, Avalanche, and Yield Guild Games This Week
This week, token unlocks are scheduled for Lido (LDO), Avalanche (AVAX), and Yield Guild Games (YGG), increasing the ava… Read Summary
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The Block
Bitget Strengthens KYC Requirements for Users to Comply With Regulations, Enhance Security
Cryptocurrency exchange Bitget is implementing stricter KYC requirements for users, with newly signed-up users needing t… Read Summary
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Aug 20, 11:23 pm
Coindesk
FTX Debtors Revise Settlement Motion After Objections From U.S. Trustee, Propose Lower Claim Value
FTX’s debtors have revised their settlement motion after objections from the U.S. Trustee. The new proposal includes the… Read Summary
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Decrypt
NFT Platform Recur to Shut Down, Despite $50M Raise and Big Name Backers
NFT startup Recur has announced that its Web3 platform will be winding down due to the challenges of the crypto winter…. Read Summary
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Decrypt
‘Failure to State a Claim’: Gemini Pushes to Get SEC Case Dismissed
Gemini, a cryptocurrency exchange, is urging a federal judge to dismiss the SEC’s lawsuit against them, arguing that the… Read Summary
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Decrypt
Tornado Cash Sanctions Affirmed by Federal Court
A federal court has upheld the Treasury Department’s authority to impose sanctions on cryptocurrency mixer Tornado Cash,… Read Summary
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Decrypt
Token Founder Loses $250,000 and His House in Scam, Sues Crypto.com
Glow Token LLC has filed a lawsuit against Crypto.com, alleging breach of contract and seeking over $250,000 in damages…. Read Summary
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Aug 20, 2:06 am
Cointelegraph
Ripple Exec Says SEC Is Seeking an Appeal As Company Presses Forward on Main Lawsuit
Ripple Labs’ CTO, David Schwartz, revealed that the SEC is seeking an appeal in the ongoing legal case against Ripple. T… Read Summary
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Aug 20, 1:33 am
DL News
‘Verkle Trees’ Could Cut Data Requirements for Ethereum Nodes, Developers Say
Ethereum is set to increase its decentralization by implementing Verkle trees, a cryptographic technique that will signi… Read Summary
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Aug 19, 10:14 am
Cointelegraph
DeFi Protocols Exactly and Harbor Hit in Separate Attacks
On August 18, decentralized finance (DeFi) protocols Exactly and Harbor were targeted in separate attacks, resulting in… Read Summary
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Aug 19, 11:38 am
Decrypt
North Korean Hackers Have Stolen $200 Million So Far This Year: Report
According to a report by TRM Labs, hackers linked to North Korea have stolen over $200 million in cryptocurrency in 2023… Read Summary
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Aug 18, 5:11 pm
Decrypt
Mark Cuban, Yuga Labs Lead Backlash Over OpenSea’s NFT Royalties Change
Mark Cuban and Yuga Labs criticized OpenSea for its decision to stop enforcing creator royalties on NFT sales. Cuban, an… Read Summary
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