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“# Coinbase removes ‘backed by US dollars’ claim for USDC stablecoin ” USD Coin (USDC), Circle’s dollar-pegged stablecoin, seemingly lost one of its biggest competitive advantages over its rival, Tether (USDT). Major crypto exchange Coinbase made an important change on the USD Coin page on its website following an audit which revealed that not all…
“# Shark Tank’s Kevin O’Leary becomes FTX spokesperson, will be paid in crypto ” Shark Tank host Kevin O’Leary has become an official spokesman for Sam Bankman-Fried’s FTX crypto exchange and will be paid in crypto and receive equity as part of the deal. According to an Aug.10 announcement, the partnership with FTX Trading Ltd….
“# Venmo enables users to automatically buy crypto with ‘cash back’ rewards ” Paypal-owned payments firm Venmo has launched a new crypto ‘cash back’ feature that includes zero transactions on crypto purchases. According to an Aug. 10 announcement, Venmo’s “Cash Back to Crypto” service went live yesterday and enables credit card customers to spend their…
“# Coinbase’s Q2 profits top $1.6B as ETH volume surpasses BTC’s for the first time ” Coinbase generated $2.23 billion of revenue for the second quarter of 2021, as Ethereum (ETH) trading volume surpassed Bitcoin (BTC) for the first time on the platform. Coinbase posted its Q2 report on Aug. 10 and the crypto exchange’s…
“# 5G blockchain company raises $111M in Andreessen-led token sale ” Helium Inc., a provider of decentralized wireless infrastructure, has concluded a $111 million token sale led by some of the biggest venture firms in the blockchain industry. The sale, which centered around Helium’s native token, HNT, was scooped up by several venture capital firms,…
“# Status plans to incentivize node operators for decentralized messaging protocol ” Ethereum-based project Status has started an incentivization program for node operators around its decentralized peer-to-peer messaging protocol, Waku. In an announcement today, Status said it would be rolling out the first phase of a program to encourage people to set up and run…
“# Hackers stole at least $600M in Poly exploit across three chains ” In what may be the largest attack in decentralized finance, unknown hackers used an exploit on cross-chain protocol Poly Network to remove at least $610 million from three chains. According to a Tuesday update on Twitter, Poly Network said the attacks had…
“# Major Turkish sports club Fenerbahçe issues fan token on Ethereum ” Fenerbahçe S.K., one of the three biggest sports clubs in Turkey, issued its own fan token on the Ethereum blockchain through a new partnership with the local crypto exchange Paribu. The initial presale of 500,000 unlocked tokens was completed on Aug. 9, netting…
“# South Korean banks doubled crypto transaction fee revenue in Q2 ” Three South Korean banks with crypto exchange partnerships have reportedly made $14.71 million in transaction fees in the second quarter of 2021. According to The Korea Herald, Shinban Bank, K bank and NH Nonghyup Bank announced a total revenue of 16.9 billion South…
“# Indian crypto exchange becomes unicorn after $90M funding round ” Mumbai-based crypto exchange CoinDCX has raised $90 million in a Series C funding, becoming the first crypto business in India to reach unicorn status. According to the announcement, the funding round was led by B Capital Group and saw participation from returning investors including…