Coinbase Cloud, the Web3 infrastructure branch of Coinbase, has announced that it will become a Chainlink (LINK) oracle node operator to improve smart contract security. In a statement shared with CryptoSlate on May 18, Coinbase Cloud revealed that Chainlink plays a critical role in providing real-world data for web3 through decentralized Oracle networks. Many Web3
Exchanges
Westpac, the oldest bank in Australia, has banned cryptocurrency transactions to certain exchanges as part of a trial to reduce scam losses. The bank said that investment scams constitute a significant proportion of scam losses, with one-third of all scam payments transferred to cryptocurrency exchanges. The Australian Competition and Consumer Commission’s Scamwatch also reported that
OKX, a cryptocurrency exchange, has announced that its wallet will soon support Bitcoin (BTC) Ordinals and BRC-20 tokens trading. In a statement released on May 16, the exchange stated that it will allow support for BRC-20 token trading and BTC cross-chain swap this week, with support for Ordinal inscriptions and token casting to follow in
Justin Sun, the founder of Tron (TRX), has accused Li Wei, the brother of Huobi exchange founder Li Lin, of obtaining Huobi Tokens (HT) for free and selling them for millions on the platform. Sun made these allegations on Twitter, stating that Wei received the HT tokens at no cost when they were initially distributed
Binance, a major cryptocurrency exchange, announced on May 12 that it will be halting operations in Canada. The company stated that it is joining other crypto companies who are “proactively withdrawing from the Canadian marketplace.” Despite Canada being a small market with sentimental value, Binance explained that recent regulatory guidance in the country has made
Coinbase has received backlash after a customer email claimed Pepe represented hate ideology. The email contained a screenshot of the “What You Should Know About PEPE” section, which stated the meme coin had been released three weeks ago with a supply of 420 trillion tokens. The email briefly explained Pepe’s origins and then claimed the
Reports emerged in July 2022 that Huobi founder Leon Li was seeking to sell over 50% of the company due to the challenging regulatory landscape and a market downturn. By November 2022, Li had sold his controlling stake to a buyout firm, which was brokered by About Capital Management HK. Rumors circulated that TRON founder
London-based cryptocurrency lender Nexo has been facing legal issues in various countries, including Bulgaria and the US. This has led the company to shut down two of its subsidiaries in the UK. Shut Down of UK Subsidiaries On May 11th, Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd. were shut down by the
US-based crypto exchange Coinbase is exploring the possibility of using the United Arab Emirates (UAE) as its hub for international services in the Middle East and surrounding regions. Coinbase’s VP of International & Business Development, Nana Murugesan, said in a tweet that the country has the potential to be a strategic hub for the exchange
Binance, a cryptocurrency exchange, has recently clarified that reports of large volumes of Bitcoin outflows were false. On May 8th, the exchange stated that reported “outflows” were actually just internal movements between hot and cold wallets due to address adjustments. Data from Coinglass showed that Binance experienced outflows of around 180,000 BTC in the last