Robinhood Adds Support for Bitcoin and Dogecoin to its Crypto Wallet
Robinhood has expanded its non-custodial Web3 wallet’s support networks to Bitcoin and Dogecoin, which was driven by its clients’ desire to have more assets on more blockchains.
Tether Announces it Will Process USD Transactions Through Britannia Bank
Last week, Tether’s financial statements showed that its USDT reserves increased by $850 million in comparison to their previous amount, bringing its excess reserves to $3.3 billion.
Hackers Steal $1.25B from Web3 Projects in 2023
Analysists from Immunefi found that from January to August, Web3 platform losses from hackers and scammers had reached $1.25 billion.
BlackRock Makes $400M Investment in Crypto Miners
BlackRock, a large investment firm, currently holds a 0.35% stake of its total $117.6 billion worth in four cryptocurrency mining companies, according to data from Finbold and CNN.
Robinhood Crypto Wallet Adds Custody, Send and Receive Support for Bitcoin and Dogecoin
Only six months after launching its own crypto wallet, Robinhood has added “custody, send, and receive support” for Bitcoin and Dogecoin, as well as enabling Ethereum swaps.
Bloomberg: A Spot Bitcoin ETF Could Be Approved This Year
Analysts James Seyffarth and Eric Balchunas of Bloomberg now estimate the likelihood of a spot Bitcoin ETF launching before the end of 2023 to be 75%, after Grayscale’s legal victory over the SEC.
US Congress Accuses Fed of Creating Barriers to Stablecoins Issuance by Banks
A group of congressional members have written to the Federal Reserve System’s leader Jerome Powell expressing their concern that the recent moves from the Fed to increase oversight of banks’ cryptocurrency dealings will impede the progress of the bill to regulate stablecoins.
