Crypto Bytes: Top 10 Breaking News from Cryptoverse

  • By integrating with Circle’s CCTP, Chainlink facilitates better USDC cross-block transfers. Circle’s CCTP and Chainlink’s CCIP will be combined to improve DeFi and payment applications.
  • ONDO tokens will be unlocked by the Ondo Foundation. It is anticipated that this event would increase the platform’s functionality and liquidity, giving users in the decentralised finance community better experiences and a wider range of financial options.
  • The Hedera network has introduced the Hedera Wallet Snap, a cutting-edge plugin created by Tuum Technologies that combines Hedera with 30M monthly active users of MetaMask. It will enable smooth interaction with the Hedera network via MetaMask.
  • With the unanimous approval of the DIP061 proposal, dForce has initiated the ground-breaking dForce Grants Programme (DGP) to support community-driven innovation within its ecosystem. DGP has a partnership with the Arbitrum ecosystem to encourage protocol integrations.
  • The civil trial between Terraform Labs and Do Kwon was originally set for January 29, but the SEC has requested to move it to April 15. Do Kwon has agreed to be extradited from Montenegro and is currently scheduled to appear in court in the United States by middle of March.
  • Japan’s LINE and South Korea’s Kakao-backed blockchain network Klaytn have joined hands to build what may be the largest web3 ecosystem in Asia. A vote on the proposed merger is scheduled very soon, & it includes proposals for a new token to replace the KLAY and FNSA coins.
  • The U.S. Treasury Department and the Internal Revenue Service (IRS) have announced a delay in the execution of new reporting rules for digital asset transactions, providing a brief reprieve to businesses involved in cryptocurrency.
  • Blockchain compatibility protocol, Socket revealed a security breach that cost them approximately $3.3M. Wallets that had given Socket contracts limitless approvals were affected by the problem. A flaw in the validation of user input was identified as the cause.
  • Prior to the official introduction of the offering, Shytoshi Kusama, the principal developer for ShibaInu, has disclosed that registrations for SHIB Name Service are now open.
  • WalletConnect, the provider of Web3 blockchain wallets, has announced the opening of Web3Inbox, a subscription-based notification service. Purpose of the service is to provide users with personalised notification options without depending on Web2 messaging technologies.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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