Ethereum News by Thebittimes.Com

Criptan, a leading Spanish fintech platform specializing in digital asset access, has announced a strategic partnership with OpenTrade to power its enhanced Earn product suite, as per the information shared with Finbold on July 1.  The collaboration enables users to generate passive income on their USDC and EURC holdings through institutional-grade yield products with simplified access. The partnership leverages OpenTrade’s USD Money Market USDC Yield and E.U. Gov Bond EURC Yield products to deliver more stable and predictable returns for Criptan’s growing user base without requiring additional onboarding processes or imposing extra costs on end users. Strong growth metrics  Criptan has established itself as a trusted leader in the European digital asset ecosystem, attracting over 85,000 corporate and individual users who access digital assets and stablecoin accounts through the platform’s streamlined interface. The company’s Earn o...

The foundation behind Avalanche (AVAX) is partnering with payments giant Visa for a new crypto spending card product. In a new announcement, The Avalanche Foundation introduces the Avalanche Card, a new card that allows users to pay with crypto at Visa-accepting locations. “Introducing the Avalanche Card! Spend your WAVAX, USDC, sAVAX, and more wherever Visa is accepted. Enjoy both physical and virtual cards, 24/7 dedicated support, and seamless transactions through popular apps. “ According to the firm, the Visa card, which will be available in physical and digital formats, will support Wrapped AVAX (WAVAX), Circle’s USD-pegged stablecoin USDC, and BENQI Liquid Staked AVAX (sAVAX), among others. The card will be linked to a unique user wallet address that each user maintains custody over, all while offering Visa customer support and promising security through self-custody. The card has already hit the ground in Latin America and the Caribbea...

Payments giant Stripe is announcing global support for USDC settlements over the Ethereum (ETH), Solana (SOL), and Polygon (POL) blockchains. In a new post on the social media platform X, Jeff Weinstein, the head of products at Stripe, says that crypto assets are officially back on the platform and will be available for use in over 150 countries around the world. ] “Okay, crypto on Stripe is officially back! Accept stablecoins from 150+ countries Buyers pay in USDC (via Ethereum, Solana, Polygon) You, as a USA business, receive USD Works with checkout, elements, or payment intents (and soon subscriptions). We’re rolling this out to hundreds of thousands of usa businesses today (then more countries).” Stripe used to support payments made using crypto king Bitcoin (BTC) until 2018. In April of that year, it discontinued its support for the top crypto asset by market cap, citing its lack of utility as a payments rail. According to Stripe...

The blockchain bridge connecting gaming-focused Ronin Network to Ethereum has been paused after losing over $11 million worth of ETH and USDC to MEV bots. This incident is the third major hack to affect the Ronin Network team after the loss of over $600 million in March 2022, and the theft of $10 million of a co-founder’s personal funds earlier this year. #PeckShieldAlert @Ronin_Network #whitehacked? or Hacked? (w/ ~ $9.33M) pic.twitter.com/wfaY0zhVdI — PeckShieldAlert (@PeckShieldAlert) August 6, 2024 Read more: Axie co-founder hacked for $10M two years after $625M Ronin attack According to smart contract auditing firm Beosin, a recent upgrade introduced a bug in the bridge’s cross-chain verification system. At around 9:30 UTC, 4,000 ETH (worth approximately $9.8 million) were first extracted from the bridge via one bot’s ‘Mmmm MEV’ function, almost $10,000 of which went to block builder beaverbuild , the rest was sent on to another address. Half an hour later, ar...

During the weekend, news about Silicon Valley Bank and the stablecoin issuer Circle was widely reported. There were clearly some concerns after the bank was shut down, and Circle revealed that there was $3.3 billion in cash at the Silicon Valley bank. After that, the USDC lost its peg, dropping to $0.8774. However, USDC regained its peg and was trading at $0.998 at press time. As Circle lost one of its largest and most reliable banking partners, the question was raised: Who is next? Circle didn’t waste any time and jumped ahead to collaborate with a new banking partner. Also read: With Bitcoin (BTC) Exhibiting Double-Digit Gains, Could it Cross $27K? According to the details shared by the CEO of Circle , Jeremy Allaire, Circle ’s USDC operations were poised to begin today. Source: Twitter Circle reveals new banking partner, Cross River Bank According to the details in the tweet, the New Jersey-headquartered Cross River Bank will be the new partner for ...

Crypto lending firm Voyager has been on a dumping spree lately. In a recent article, Watcher Guru highlighted that Voyager is currently selling its assets at a rate of $100 million per week. Additionally, it was revealed that it currently holds almost $700 million in two “very large wallets.” A recent tweet from Peckshield revealed that Voyager might be still offloading. According to the blockchain security and analysis company, Voyager has transferred 4000 ETH tokens worth $6.6 million, 300 billion Shiba Inu tokens worth $3.7 million, and 5 million Voyager tokens worth $2 million to Coinbase over the past day. Bringing to light the involvement of a dormant address this time, PeckShield’s tweet highlighted, “ Before transferring out, Voyager received 68B SHIB (~820k) from a dormant address 0x31FC. The address had received 68B SHIB 2 years ago (~$528 at the time of transfer).” #PeckShieldAlert Voyager has transferred 4k $ETH ($6.6M), 300B $SHIB ...