Coinbase CEO Brian Armstrong has introduced a new tool, Onchain Score, designed to evaluate cryptocurrency wallets.
This platform rates wallets from 1 to 100 based on their on-chain activity, including token transactions and interactions with Ethereum and the Base layer-2 network.
Armstrong’s own wallet scored 83 out of 100 and a 66 on another metric related to protocol development.
The platform currently supports Ethereum addresses but will soon include features for Ethereum Name Service (ENS) and Basenames.
Armstrong has previously praised Base for its efficiency, noting that it has cut transaction fees and processing times significantly.
Base has seen a substantial increase in developer activity and transaction volume, surpassing Ethereum’s layer-1 network in recent transactions.
The platform’s upgrades have reduced fees by about 80%, often making them less than $0.01.
BNY Mellon, the largest custodian bank in the U.S., has reportedly secured an exemption from the SEC’s Accounting Bulletin 121 for its institutional crypto custody operations.
Charles Hoskinson, co-founder of Cardano and Ethereum, has raised concerns about how former President Donald Trump and Vice President Kamala Harris approach cryptocurrency policy.
The Bank of Canada has announced that it is winding down its efforts on retail central bank digital currency (CBDC), as per an update on its website.
Circle is preparing for its initial public offering (IPO) and is set to relocate its headquarters to Wall Street in 2025, according to CEO Jeremy Allaire.