WEB3

Weekly Article Recap: 2/20-2/24

by BSC News

February 25, 2023

chain

A recap of notable news from the week.

Recapping the Week in DeFi

Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.

Base: Coinbase's Ethereum Layer 2 Network Goes Live

Popular cryptocurrency exchange, Coinbase, launched a new Ethereum Layer 2 network called Base during the week. The move is aimed at attracting millions of new users to the crypto market over the next few years. Base is being incubated inside of Coinbase, with plans to progressively decentralize the chain over time. 

Learn more about Coinbase’s new Ethereum Layer 2 Network here

Floki Partners With Venus Protocol to Offer Holders Lending and Borrowing Services

Floki has continued its recent strides by partnering with the leading lending protocol on BNB Chain, Venus. The partnership will see Venus integrate FLOKI into its Isolated Money Markets, allowing FLOKI holders to use their tokens as collateral to borrow a basket of other isolated assets. 

Get all the details here

Ethereum Unstaking Upgrade Shapella to Deploy on Sepolia Testnet

Ethereum is set for its next biggest update following “The Merge”, as the Shanghai/Capella (Shapella) upgrade is scheduled for deployment on the Sepolia testnet. The upgrade enables validators to withdraw their stake from the Beacon Chain back to the execution layer. 

Learn more about Ethereum’s next update here

Web3 Developers Rejoice: Avalanche and Tencent Cloud Form Strategic Partnership

Ava Labs, the company behind the Avalanche blockchain, partnered with leading technology company Tencent Cloud to provide support for developers and projects within the Avalanche ecosystem. The collaboration will explore Avalanche Subnets for enteprises to help accelerate their adoption to Web3. 

Find more information on the strategic partnership here

Carbon Browser Confirms Pi Network Integration

Fast and decentralized Web3 browser Carbon announced its plans to integrate Pi Network into its browser early in the week. The Pi Software Development Kit (SDK) will allow Carbon to integrate the Pi currency, Pi platform, and Pi wallet into its multichain wallet.

Find more details here.

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