February 2023

Coinbase Launches Testnet for Ethereum Layer 2 Network Base

• Coinbase has recently launched a testnet for their newest product “Base,” an Ethereum layer 2 (L2) network. • The new product will provide a secure and cost-effective solution for building decentralized applications (dApps) on-chain. • Base is designed to provide easy and secure access to Ethereum L1 and L2 and other ecosystems such as …

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• Latest regulatory tension in the crypto industry has caused fear, doubt and uncertainty (FUD) amongst the community. • The SEC recently fined Kraken and halted its staking program, while the NYDFS and SEC were on Paxos, issuer of Binance USD stablecoin. • Rumors have been circulating about a possible enforcement action against USDC’s issuer …

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