Nicholas King

The new Ethereum layer 2 platform BuildOnBase, launched by Coinbase, is poised to revolutionize the cryptocurrency industry by offering faster and cheaper transaction processing and improved security. With its staking mechanism and use of “optimistic rollups” technology, BuildOnBase aims to address the scalability issues that have plagued the Ethereum network for years. This move by Coinbase is part of its broader efforts to build the most trusted and easy-to-use cryptocurrency platform in the world and is likely to have implications not just for the cryptocurrency industry but for the broader blockchain space as well.

MEXC, a popular cryptocurrency exchange, has entered into a strategic partnership with Metacade, a gaming platform, to integrate cryptocurrency investments into games. This collaboration is expected to provide gamers with a new way to invest in digital assets and earn rewards while playing games.

FTX Japan, the Japanese cryptocurrency exchange, has announced that it will resume withdrawals on February 21st following a temporary suspension of withdrawals and deposits due to concerns over potential money laundering activities. The exchange has since taken measures to enhance its anti-money laundering and know-your-customer procedures and strengthen its internal controls. The announcement will be welcomed by FTX Japan’s customers, although some have called for the exchange to be more transparent about the reasons for the withdrawal suspension.

Binance, the world’s leading cryptocurrency exchange, has suffered a major setback in its efforts to re-enter the US market. The company has announced that its settlement with the US Department of Justice will not include an immediate path for Binance to resume operations in the country, raising questions about the exchange’s long-term prospects.