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Coinbase Wallet Launches Hands-On Quests with Optimism Network: Earn $OP Now!
March 11, 2023
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Coinbase Wallet launches first-ever quest on Optimism network. Users can earn onchain crypto by learning web3 and completing hands-on activities like swapping, delegating, and staking.
Crypto exchange Coinbase has announced to launch of its first-ever quest on Coinbase Wallet with Optimism network.
The Quests on wallet allow anyone to earn onchain crypto by learning web3 using hands-on activities. For the quests on Optimism, you can learn how to swap, delegate, stake, and get rewarded in OP from Coinbase Wallet.
As reported, the quests are mobile-only, first-come, first-served, and OP rewards may be depleted quickly. With the first quest on Optimism Coinbase Wallet, you can earn 2 OP when you swap your ETH for USDC, DAI, USDT, or WBTC on the Optimism network. However, the quest availability may vary by country.
To use the quests, you need to download the Coinbase wallet and fund it with ETH on the Optimism network. After that, you can explore the Wallet Quests in the asset navigation menu.
Nevertheless, this is not the first collaboration between Optimism and Coinbase in recent times. Coinbase launched Base, a layer two network, on February 23, utilizing Optimism's OP Stack to attract millions of new crypto users.
Base seeks to provide easy and secure access to layer 2 networks such as Optimism and other blockchains ecosystems like Solana.
Further, Alchemy's NFT Activity Webhook now supports Optimism, allowing users to track all NFT activity on Optimism. When an Optimism NFT transfer is happening that users are interested in, they'll receive notifications directly to their inbox.
Meanwhile, MetaMask has announced the addition of network and bridge support for Optimism along with Arbitrum.
Optimism is trading at $1.85 at press time, down 9.25% in 24 hours.
What is Optimism:
Optimism was established in 2019 by a team of Ethereum developers and operated as an L2 blockchain that leverages optimistic rollups to process transactions in batches. This technology offers users cost-effective and almost instantaneous transactions. Optimism is also a reliable, scalable, and secure platform for developers seeking to create Ethereum applications quickly.
Learn more about Optimism:
Website | Twitter | Docs | Governance |
What is Coinbase:
Coinbase is one of the oldest cryptocurrency exchanges in the world. The exchange was founded by Brian Armstrong and Fred Eshram back in 2012. While Armstrong remains at the helm of the exchange as the CEO, Eshram left the company in 2017 but still owns 6% of the equity and serves on the board of directors. Coinbase (COIN) became the first cryptocurrency firm and exchange to trade on Nasdaq starting on April 14, 2021. The stock has even briefly surpassed a market capitalization of $100 billion, although its market cap is just over $15 billion at the time of writing.
Find more about Coinbase here:
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Binance VIP Traders Informed of $4B Settlement Back in September
December 1, 2023
The exclusive gathering took place at a luxurious Singapore night club in September, where attendees engaged with Binance executives and probed about the potential settlement.
Binance reportedly hosted an exclusive dinner for its most significant market makers in September. The gathering, held at a prestigious Singapore nightclub, was an intimate setting where select VIP traders gained insights into the impending $4 billion settlement with the U.S. Department of Justice, according to a recent report from Bloomberg.
The private dinner, organized for Binance's top traders, unfolded in the upscale 1880 members-only club. Attendees, consisting of market makers and traders, engaged in discussions with Binance executives about the company's legal challenges. The conversations revolved around the potential $4 billion fine, leaving attendees convinced that Binance could afford and would settle such a substantial amount.
Attendees' Perspectives
Reports suggest that attendees, after breaking into smaller groups, sought clarification on Binance's legal troubles. They left the dinner with a heightened expectation of the $4 billion settlement, emphasizing the significant financial impact it would have on the exchange.
Former CEO Changpeng Zhao was notably absent from the gathering, with the then-head of regional markets, Richard Teng, representing the company.
In response to the reports, a Binance spokesperson disputed certain aspects of the event's depiction while refraining from specifying the inaccuracies, as per The Block. This discrepancy in accounts raises questions about the transparency surrounding Binance's legal challenges and its communication with stakeholders.
Implications of the Settlement
Binance’s $4 billion settlement with U.S. authorities, including the Department of Justice, Department of the Treasury, and the Commodity Futures Trading Commission, marked one of the largest corporate settlements in U.S. history.
The resolution concluded a criminal investigation into allegations of money laundering and sanctions violations, settling many of Binance's legal troubles in the U.S. However, Binance.US and Changpeng Zhao still face a lawsuit filed by the U.S. Securities and Exchange Commission.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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