Digital asset exchange Coinbase is pushing back against accusations that it isn't supporting Ethereum's (ETH) scaling roadmap. The top US crypto exchange came under fire online after it announced last week that it wouldn't support Celo's (CELO) upcoming migration from a standalone layer-1 chain to an Ethereum layer-2.

Layer 1 blockchain Celo (CELO) will migrate to layer 2 on 16 January 2025. The move, which has been ongoing for over a year, signals the increasing interest in L2 solutions to fight efficiency and scalability issues. Meanwhile, Coinbase's latest announcement to clients ahead of the transition has triggered conversations within the cryptocurrency community.

Celo's planned migration to Layer 2, known for over a year, has raised questions about Coinbase's late announcement to customers.

Crypto exchange Coinbase has announced that it will delist and stop supporting Celo layer-1 blockchain token CGLD by January 13, 2025. This move is in response to Celo's planned migration into a layer-2 network.

Celo, a prominent Layer-1 blockchain, has seen its native token dump 5% after its upcoming transition to an Ethereum Layer-2 network within Optimism's Superchain ecosystem turned “contentious.” On Nov. 27, Coinbase, the largest US-based crypto exchange, announced that it would not support Celo's migration into a Layer 2 network.

cLabs CEO Marek Olszewski said Coinbase's decision “feels like a wrench in Ethereum's Layer 2-centric scaling roadmap.”

In a wide-ranging exclusive interview with Cryptonews Podcast, Isha Varshney, the Head of Ecosystem at the Celo Foundation, discussed actual real-world use cases and their vast benefits, as well as the concept of reputation-based credit.

Latest updates on HBAR, SEI, and CELO coins.

October is historically a bullish month for the crypto market. Because of this, investors might be on the lookout for hidden gem altcoins that could bring significant gains.

As we near the end of 2024, Grayscale Research has revealed an exciting list of the top 20 cryptocurrencies expected to shine in the final quarter. With six new altcoins added, including Sui (SUI) and Optimism (OP), the buzz in the crypto market is palpable.

As the cryptocurrency landscape continues to evolve, Grayscale in its recent research titled ‘Grayscale Research Insights: Crypto Sectors in Q42024' has identified six emerging assets, Sui (SUI), Bittensor (TAO), Optimism (OP), Celo (CELO), Helium (HNT), and UMA Protocol (UMA), as high-potential investments for Q4 2024.

Grayscale's updated list signals a strategic shift towards decentralized AI and high-performance infrastructure, highlighting evolving market trends. The post Grayscale lists SUI, TAO, OP, CELO among top “high potential” tokens for Q4 2024 appeared first on Crypto Briefing.

Grayscale Research has published a new list of 20 digital assets that have high potential in the fourth quarter of the year.

The implementation of USDT on Celo and the success of MiniPay contribute to the rapid expansion of the network

The CELO token has rallied nearly 20% in the past 24 hours.

Ethereum co-founder Vitalik Buterin has commended the recent development of Celo Network, a mobile-first blockchain platform.

The mobile-first blockchain has recently achieved a significant milestone.

Blockchain data shows Celo's growth was boosted by key applications like Minipay and Valora, particularly in markets like Nigeria and Kenya.

TL;DR Vitalik Buterin's Praise: Ethereum co-founder Vitalik Buterin praised Celo for surpassing Tron in daily active stablecoin addresses, marking a significant milestone. CELO Token Surge: Following Buterin's endorsement, Celo's native token, CELO, surged by approximately 25%, reaching $0.68.

Celo surpasses Tron in stablecoin usage, driven by African app adoption. Vitalik Buterin praises Celo's impact on global payment accessibility and finance.

Vitalik Buterin also talked about the Celo blockchain for transitioning from a standalone Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain to an Ethereum Layer 2 blockchain.

CELO's surge highlights the growing influence of endorsements in crypto markets and underscores the potential for increased global financial inclusion. The post CELO jumps 25% after project gains endorsement from Vitalik Buterin appeared first on Crypto Briefing.

Ethereum co-founder Vitalik Buterin praised Celo as the blockchain platform continues to gain traction in its push for a better digital economy.

Artemis, an institutional data platform for digital assets, noted that Ethereum layer-2 blockchain Celo (CELO) recently outperformed Tron (TRX) in daily active addresses. This growth is fueled by stablecoin adoption and usage.

Celo recorded a remarkable price spike within an hour after Ethereum's Vitalik Buterin gave the project a positive endorsement.

Vitalik Buterin noted that Celo's second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.

Vitalik Buterin, Ethereum's founder, mentioned Celo (CELO) as a positive example of a payment platform. The CELO token rallied immediately after the endorsement.

In collaboration with Valora, the new plan will be launched in Nigeria, South Africa, Brazil, Turkey, and Vietnam.

Story Highlights CELO coin price could reach a maximum of $1.46by the end of 2024. CELO price, with a potential surge, could go as high as $5 by the end of 2030. CELO coin live price is .

The Stabila Foundation has launched a new initiative to boost stablecoin adoption within the Celo ecosystem, aiming to drive real-world use cases for the network.

Celia Inside has launched a new music NFT collection on Celosphere, marking a significant moment for the platform.

Gitcoin has announced that the twenty-first edition of its grants program, Gitcoin Grants 21, is officially live and will feature ecosystem rounds for Arbitrum and Celo. The Gitcoin Grants 21 program went live on Aug.

The battle for the best blockchain for developers and users has been won by the likes of Ethereum, Solana, BNB Chain, Arbitrum, and Base. Many contenders who were hoping to take on Ethereum have faced substantial challenges and evolved into ghost chains.

In a move to join the Ethereum network, Celo launches the Dango Layer 2 testnet, paving the way for faster and cheaper transactions.

Celo will join Optimism's "Superchain" ecosystem of Ethereum Layer 2 networks rather than remain as an EVM-compatible Layer 1 blockchain.

cLabs unveils Dango, a Layer-2 testnet for Celo, enhancing blockchain performance and scalability with Optimism's OP Stack.

Eigen Foundation grants its first strategic funds to Celo Foundation, enhancing Celo's Layer-2 with EigenDA's data availability.

Celo Foundation elevates Eric Nakagawa to Executive Director and Isha Varshney to Head of Ecosystem, enhancing its leadership team amid an Ethereum Layer-2 migration.

The Celo Foundation is pleased to share that Chainlink CCIP is now live on the Celo network, an emerging Ethereum Layer-2 and mobile-first blockchain built for the real world and designed for fast, low-cost payments worldwide.

Celo network integrates Chainlink CCIP for secure cross-chain interoperability.

The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.

Celo enhances its blockchain with Chainlink's CCIP, ensuring top-level security for cross-chain transactions and ecosystem growth. The post Celo integrates Chainlink's CCIP to boost cross-chain functionality appeared first on Crypto Briefing.

The vote passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure.

Untangled Finance introduces a securitization pool on Celo, offering private credit opportunities in DeFi with a $6 million USDC debt ceiling. The post RWA protocol Untangled Finance debuts private credit pool on Celo appeared first on Crypto Briefing.

Private credit has been at the forefront of crypto's asset tokenization trend with over $600 million outstanding on-chain assets.

In the ever-evolving landscape of cryptocurrencies, Binance, a prominent player in the field, has unveiled a groundbreaking integration that could reshape how users interact with digital assets. Today, Binance announced the successful integration of USD Coin (USDC) into the CELO network, marking a significant milestone in the journey towards seamless cryptocurrency interoperability.

Binance, one of the leading cryptocurrency exchanges, has successfully completed the integration of USD Coin (USDC) on the CELO network. As a result, users can now deposit and withdraw USDC on Binance's platform.