Nasdaq-listed cryptocurrency exchange Coinbase has announced the launch of a user-friendly smart cryptocurrency wallet, offering users greater convenience through a smoother onboarding experience, gasless transactions, and doing away with recovery phrases.
The company behind PayPal’s PYUSD stablecoin Paxos, has introduced a similar cryptocurrency that pays a roughly 5% yield to its holders called Lift dollar (USDL), which is pegged to the value of the U.S. dollar and issued by an affiliate entity based in Abu Dhabi.
Japanese cryptocurrency exchange DMM Bitcoin has outlined plans to recover from a major security breach that resulted in the theft of over $300 million in Bitcoin last week and reimburse affected users.
Top stories in the Crypto Roundup today:
- Coinbase Unveils User-Friendly Smart Crypto Wallet
- Paxos Launches Yield-Bearing Stablecoin USDL
- Japanese Exchange DMM Bitcoin Details $352M Recovery Plan Post-Hack
- Trading Volumes on Centralised Exchanges Drop After Seven Months