Author: CryptoPress
Lido Finance currently exchanges ETH for stETH. Lido’s staking feature compensates clients for locking ETH on the exchange. Staked Ethereum is an Ethereum coin representing ETH long staked to maintain and safeguard the Ethereum blockchain network operating on the Beacon Chain. Beacon Chain is a proof-of-stake variant of the Ethereum blockchain.
stETH works like an IOU and can be exchanged for ETH when the Ethereum...
Blend: an NFT Lending Protocol
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In Brief:
NFT Lending Blend merges the concepts of NFTs and lending, opening new avenues for crypto investors.
This innovative approach aims to provide liquidity and unlock value in NFT investments.
By leveraging NFT collateral, users can access loans while maintaining ownership of their prized digital assets.
NFT Lending Blend introduces an exciting new chapter in the evolution of cryptocurrency investments.
The latest...
Crypto Market Overview: Binance Halts Bitcoin Withdrawals
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On May 8, 2023, shares of cryptocurrency and blockchain-related companies fell in premarket trading after Binance halted its bitcoin withdrawals for several hours due to heavy volumes and rising processing fees. The halts pushed Bitcoin, the world’s biggest cryptocurrency, down 2% to a one-week low of $27,9001. Crypto exchange Coinbase Inc fell 4%, while blockchain-farm operator Bitfarms Ltd dropped 4.3%.
Bitcoin Price Today
The current...
Binance Lists PEPE as Coin Market Cap Hits $1 Billion
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In Brief:
Binance has listed PEPE as a meme coin as the market cap of meme coins hits $1 billion.
PEPE, a cryptocurrency that originated from a popular internet meme, has been gaining popularity in recent months.
The addition of PEPE to Binance’s list of cryptocurrencies is a significant milestone for the meme coin market.
Binance plans to add more meme coins to its platform in the coming months.
Meme coins are becoming...
Understanding Coinbase’s Layer 2 Solution: Base
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In Brief:
Coinbase’s Layer 2 solution, Base, is a platform that allows for faster, cheaper, and more scalable transactions on the Ethereum network.
Base is built on Optimism’s OP Stack framework, which uses optimistic rollups to scale Ethereum transactions off-chain while preserving its security and decentralization.
Base uses commit chains to enable off-chain transactions that settle on-chain, reducing transaction fees...





