USDC will launch natively on Base network ‘next week’ — Jeremy Allaire
Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version.
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Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version.
Magnate Finance first deleted its Telegram channel and X account followed by taking down the website before pulling the plug on its TVL.
The two networks will share profits and governance using multi-signature wallets, and a ‘Security Council’ will be formed as the ecosystem grows.
In just one week, Base has attracted hundreds of thousands of new users, attention from mainstay brands and artists, and unfortunately, scammers as well.
The SwirlLend scam is the second in as many days, and losses on the platform have already mounted into the millions, one week after it opened to users.
Around 30% of Base's users on Aug. 10 were new to the blockchain which launched only a day prior.
Coinbase's Base network completed its phased launch on Aug. 9, and is officially open to end-users.
Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000.
Base’s layer-2 mainnet has launched, allowing builders to deploy contracts, while users will be welcomed to the network in August.
The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software.