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The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal's Stablecoin Software
10.8.2023
In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The Protocol is CoinDesk's weekly newsletter devoted...
Bitcoin Miner Riot Posts Mixed Q2 Earnings Report, Sees Growing Consolidation in Industry
9.8.2023
Riot reported its second-quarter earnings after the close on Wednesday
Coinbase Steps Into Unchartered Territory As Its Layer-2 Blockchain Base Goes Live
9.8.2023
Coinbase’s new Ethereum layer-2 blockchain Base went live at 1200 EDT on Wednesday.
That marks a step into unchartered territory for the largest US-based cryptocurrency exchange, which is the first publicly traded company to launch its own public crypto network....
Read More: Coinbase Steps Into...
Galaxy Digital Narrows Losses To $46 Million, Maintains Strong Liquidity Position At $696 Million In Q2 2023
9.8.2023
Galaxy Digital's latest earning report shows a major reduction in losses to $46 million as the cryptocurrency market grows through the second quarter of the year.
The New York-based firm led by CEO Michael Novogratz has recorded a change in fortunes since Bitcoin (BTC) surged slightly over...
Aptos Price Prediction as Microsoft Partners with Aptos on New AI Blockchain Products – Can APT Reach $100?
9.8.2023
The price of Aptos (APT), the native token of the layer-1 Aptos blockchain that was built by ex-Facebook employees behind the social media platform’s failed Libra/Deim blockchain project, surged on Wednesday on the news that Aptos has partnered with Microsoft to work on new artificial intelligence...
Binance Founder CZ Warns Users About the Use of AI Deepfakes in Crypto – What's Going On?
9.8.2023
Crypto exchange giant Binance's CEO Changpeng Zhao (CZ) has flagged a warning regarding AI-enabled deepfake videos that pose significant risks to cryptos.
Referring to an AI-powered video post featuring Joshua Xu, CEO of HeyGen, CZ said that such videos are “pretty scary from a video verification...
Crypto's Initial Hope for Sex Workers Gives Way to New Challenges
9.8.2023
Crypto was once one of the best ways for sex workers to get paid. Now, it’s scarcely more supportive of the industry than the banking sector.
Joining a slew of banks and payment providers that have shunned the adult industry for decades, regulatory pressure is even encouraging crypto exchanges...
Coinbase Officially Launches 'Base' Blockchain, in Milestone for a Public Company
9.8.2023
The big U.S. crypto exchange Coinbase says its blockchain is the first ever to be launched by a publicly traded company, and represents a major push into a new revenue opportunity
Stablecoin Market Cap To Hit Nearly $3 Trillion By 2028: Bernstein Report
9.8.2023
Private wealth management company Bernstein has projected stablecoins to grow by 2,140% in the next five years with huge developments pouring into the sector.
According to the report, the stablecoin market stands at $125 billion with USD Tether (USDT) and USD Circle (USDC) as leaders but...
Coinbase Report Says 19% of New York Residents Own Cryptocurrencies
9.8.2023
Leading crypto exchange Coinbase published a report on Tuesday highlighting the crypto adoption and innovation in the New York state. Coinbase conducted a survey, which noted that 19% or one-fifth of New York responders own crypto.
The exchange has been conducting a series of reports titled...
Is fully decentralized blockchain gaming even possible?
9.8.2023
A ragtag group of communists and ZK-rollup fans are working tirelessly to make blockchain games composable and fully on-chain. It’s not easy
Microsoft and Aptos Labs Collaborate on New AI Blockchain Solutions
9.8.2023
Aptos, a reincarnation of Facebook's Diem blockchain, is integrating Microsoft's AI infrastructure to support users and developers
Circle Stablecoin CEO Unveils International Dominance: 70% of USDC Adoption Outside US
9.8.2023
In an August 8th tweet, Jeremy Allaire, the CEO of Circle, mentioned that approximately 70% of USD Coin (USDC) adoption originates from countries beyond the United States.
Contrary to the perception of being centered in the US, he noted that much of the adoption of USDC comes from international...
How to become a ‘Blockchain Radical,’ according to podcaster Joshua Dávila
9.8.2023
Despite its libertarian reputation, author and podcaster Joshua Dávila, aka The Blockchain Socialist, believes crypto is for everyone — including the Left
Leading Venture Capital Firms Including Softbank and Sequoia Named as Defendants In Fresh Lawsuit for Links With FTX
9.8.2023
A class-action lawsuit filed in the United States District Court for the Northern District of California has named 18 venture capital investment firms as defendants for their links with the bankrupt crypto exchange FTX.
The lawsuit has named major VC firms as defendants, including Temasek, Sequoia...
House Financial Services Committee Advances Clarity for Payment Stablecoins Act
9.8.2023
On July 27, 2023, The U.S. House Financial Services Committee advanced a stablecoin-focused bill for the first time. The Clarity for Payment Stablecoins Act of 2023 would establish a federal regulatory framework for stablecoins with the U.S. Federal Reserve playing a pivotal role. The bill would...
Hong Kong Aims to Thrive as an International Crypto Hub Despite Global Scrutiny
9.8.2023
The first licenses in Hong Kong have been issued to crypto companies under a new regulatory regime, as the city continues its plans to become an international crypto hub. But vital hurdles remain.
The new rules took effect this year allowing retail investors to trade crypto on exchanges licensed...
Coinbase Launches $150 Million Corporate Bond Buyback Program- Crypto Bull Market Back?
9.8.2023
United States' largest digital asset exchange Coinbase has announced plans to buy back a portion of its corporate $1 billion debt.
The repurchase plan will see the company buy up to $150 million of its bond which is expected to mature 2031 following positive earnings in the second quarter of...
VC Firm Blockchain Capital Twitter Account Hacked, Starts Promoting a Fake Token Giveaway
9.8.2023
Hackers are believed to have gained access to crypto-focused venture capital firm Blockchain Capital’s X (Twitter) account, fraudulently offering a giveaway of tokens called “BCAP.”
Hackers made a series of posts on Aug 9., promoting a token claim scam to lure customers to connect their...
Federal Reserve Establishes Program to Monitor Crypto Activities in US Banks
9.8.2023
The U.S. Federal Reserve has introduced a new set of guidelines aimed at closely monitoring banks' involvement with cryptocurrencies.
This program, termed the "novel activities supervision program," was unveiled on Tuesday, clarifying the central bank's strategy for supervising banks'...