Author: Chris Smith
Number of Active Solana Users Falls to Two-year Low
Reading Time: < 1 minute The total number of wallets using the Solana network for sending and receiving funds is currently at its lowest mark since autumn 2020, with a recorded drop to 204,000.
USDT Issuer Tether Increases its Investment in US Treasuries
Reading Time: < 1 minute Tether has seen a jump in their investments in US treasury bonds in the last four months, rising up the rankings three places to become the 22nd largest holder of such debt.
Nigeria is Leader in Digital Currencies Adoption in Africa: Survey
Reading Time: < 1 minute A ConsenSys and YouGov survey of 15,158 people aged 18 to 65 years from 15 countries revealed that Nigeria is a leader in the adoption of digital currencies on the African continent.
Bitwise Withdraws Application to Launch an ETF Based on Bitcoin and Ethereum
Reading Time: < 1 minute Bitwise has decided to retract their application to launch the Bitcoin and Ether Market Cap Weight Strategy ETF, dated August 3.
Changpeng Zhao: DeFi Will Outperform CeFi in Next Bull Market
Reading Time: < 1 minute Changpeng Zhao believes the DeFi sector has the capacity to exceed Centralized Finance (CeFi) during the next cryptocurrency surge.
Court Dismisses Class Action Lawsuit Against Uniswap
Reading Time: < 1 minute The Southern District of New York court dismissed a class action lawsuit against Uniswap Labs, its CEO Hayden Adams, the Uniswap Foundation and venture investors of the decentralized exchange.
Lufthansa Unveils NFT Initiative on Polygon’s Network
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German airline Lufthansa has created the Uptrip loyalty program based on non-fungible tokens (NFTs) on the Polygon network.
Crypto Bank SEBA Granted Hong Kong Regulator’s Approval
Reading Time: < 1 minute SEBA Bank, a Switzerland-based licensed cryptocurrency bank, has been granted in-principle approval by the SFC to carry out digital asset-related activities in Hong Kong.
US Congress Proposes Dismissing Gary Gensler
Reading Time: < 1 minute US House of Representatives member Warren Davidson has once again called for the removal of Gary Gensler from his post as head of the SEC following a positive court verdict for Grayscale in its conversion of GBTC tokens into an ETF.
South Korean Exchanges Forced to Keep Reserves of at Least $2.3M
Reading Time: < 1 minute The Banking Federation of South Korea (KFB) has mandated that cryptocurrency exchanges must maintain at least $2.26 million in reserves in a bank account, starting in September 2023.
Robinhood Invests More Than $3 Billion in BTC
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According to Arkham Intelligence, the Robinhood Bitcoin wallet is the third largest, holding more than $3 billion worth of cryptocurrency.
Worldcoin Loses 44% of its Value a Month After Launch
Reading Time: < 1 minute The token of Worldcoin project, WLD, has seen a considerable dip of 43.6% in the 30 days respectively.
B2C2 Acquires Market Maker Woorton
Reading Time: < 1 minute B2C2, a cryptocurrency over-the-counter (OTC) platform, has acquired French market maker Woorton for an undisclosed amount as it seeks to expand into the European market.
Binance Abandons Sberbank and Tinkoff Names
Reading Time: < 1 minute Binance, which has an internal peer-to-peer platform, had replaced the Sberbank and Tinkoff card names with “green” and “yellow” respectively.
1inch Deploys Protocols on Coinbase’s L2 Network Base
Reading Time: < 1 minute On August 24, 1inch Network developers announced the deployment of their project onto Coinbase’s second-layer solution, Base.
Investments in European Crypto Funds Soar: Report
Reading Time: < 1 minute CoinShares reported that investments in European crypto funds (ETPs) have been steadily increasing over the course of the past three months.
Canaan Suspends Mining Activities in Kazakhstan
Reading Time: < 1 minute Unfortunately, Kazakhstan has had tightening regulations on this industry and Canaan had to suspend the operations of their enterprises there.
The SEC to Allow ETFs on Ethereum Futures in October
Reading Time: < 1 minute According to Bloomberg, if the US Securities and Exchange Commission (SEC) approves at least one of the applications submitted – then a crypto fund ETF for Ethereum futures may enter the US market as soon as October 12.
New Zealand Not in the Hurry to Legalize Cryptocurrencies
Reading Time: < 1 minute The New Zealand House of Representatives backed an expert-prepared report which called on the country’s government to exercise caution when considering cryptocurrency regulations.
WonderFi CEO: Canadian Institutions Are Interested in Cryptos
Reading Time: < 1 minute Canadian financial companies and hedge funds have recently begun to take a closer look at the digital currency market.
North Korean Hackers Steal More Than $180M in 6 Months
Reading Time: < 1 minute During the first half of 2023, North Korean hackers used a variety of exploits to steal a total of $180 million in different cryptocurrencies.
Donald Trump Said to Have Invested About $2.8M in ETH
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An independent organization has suggested that Donald Trump invested more than $2.8 million in Ether (ETH), despite former President Trump’s repeated accusations of cryptocurrency being used for criminal activities.
BitGo Raises $100M
Reading Time: < 1 minute Crypto custodian BitGo has recently announced the closure of a $100 million funding round, which valued the company at $1.75 billion.
Singapore Publishes Regulatory Framework for Stablecoins
Reading Time: < 1 minute The Monetary Authority of Singapore has recently finalized new regulations for stablecoins. The framework’s goal is to ensure stable value for regulated stablecoins in Singapore.
CME BTC Futures Monthly Volumes Reach Highest Level in a Year
Reading Time: < 1 minute In July, CME Group recorded its highest monthly volumes of the year, amounting to $53.33 billion as of July 29.
