DeFi News Official TheBitTimes.com

In a significant announcement, BlockFi has opened the doors for both its U.S. and international user base, permitting them to initiate withdrawal requests. The crypto lending platform, BlockFi, has successfully navigated its way out of bankruptcy and is now poised to reimburse a portion of its creditors, as indicated in an October 24 blog post. The post highlights that withdrawal s are presently accessible to nearly all Wallet customers, with a specific mention of BlockFi Interest Account (BIA) and Loan customers, who can anticipate withdraw ing some of their assets early in 2024. The post further elaborates that BlockFi’s resurgence from bankruptcy empowers it to actively pursue the recovery of assets from other companies it believes are indebted to it. These include insolvent crypto platforms like Three Arrows Capital, also known as “3AC,” and FTX. The organization is also committed to facilitating the distribution of assets to its creditors and expediting the cla...

Petra will add Coinbase Pay to its mobile and desktop applications. It expects the collaboration to help make crypto transactions more seamless. Petra has integrated into more than 160 decentralised applications to date. Petra – a crypto wallet by Aptos Labs – has decided to integrate Coinbase Pay into its mobile and desktop applications. What does it mean for the web3 users? The collaboration, it is convinced, will help make crypto transactions more seamless for the web3 users. According to Mo Shaikh – the Chief Executive of Aptos Labs told TechCrunch today: In order to grow the web3 ecosystem, everyday activities like financial transactions have to be easier. Consumer adoption does not happen without it. Full stop. Petra has already integrated into PancakeSwap, LayerZero, Pyth and about 160 other decentralised applications to date. Aptos had previously partnered with Sushi as well to secure access for users to non-EVM chains. Shares...

The network saw over 1 million unique active wallets accepting or sending ETH, the second -highest amount in the asset’s history . The Ethereum (ETH) network registered a spark of activity on Sept. 13, as the number of unique active wallets (UAW) connected to the network hit 1,089,893. In an X post, Blockchain analysts at Santiment said this was the second -highest amount of UAW in Ethereum’s 8+ year history , suggesting that such spikes “could be the capitulation signal needed for prices to rebound.” Daily active addresses interacting with ETH (orange) vs Ethereum price (green) | Source: X The last time the Ethereum network witnessed a spike in on -chain activity was on Dec. 9, 2022, when the amount of UAW set an all-time high at 1.42 million, with ETH trading at around $1,265, according to data from Santiment. Daily active addresses interacting with ETH (black) vs. Ethereum price (green) | Source: Santiment FTX liquidations as a possible trigger Alt...

The service will initially be rolled out to select PayPal users within the United States. Digital payments platform PayPal has teamed up with MetaMask parent company ConsenSys to allow MetaMask users to purchase and transfer Ether (ETH) via PayPal’s platform. According to the Dec. 14 announcement, the service will initially be rolled out only to select PayPal users within the United States, as the country is one of MetaMask’s largest markets in terms of users.  Our US users will now be able to fund their Wallet with ETH via @PayPal! Rolling out in the next weeks in the US, excl. Hawaii, through our mobile app (make sure to update to v5.13.0)https://t.co/392JwFYF3m — MetaMask (@MetaMask) December 14, 2022 The collaboration is intended to allow users to seamlessly purchase and transfer ETH from PayPal to MetaMask by simply logging onto their Mobile MetaMask App, which will then redirect them to their PayPal account to complete transactions.  Lorenzo Santos, product manager f...