Coinbase Unveils a Crypto Lending Service
Coinbase has raised $57 million for a new crypto lending service.
Bitcoin’s and Ether’s Trading Volume Declines in August
Block Research has reported that August saw a 6% decrease in trading of both Bitcoin and Ether.
European Parliament: Digital Euro Might Face Challenges in Non-euro Member States
The European Parliament’s Economic Governance and EMU Scrutiny Unit has recently conducted a review of the potential challenges the digital euro might encounter in non-euro member states.
South Korea Wants to Pass Bill to Freeze Crypto Used by North Korea
South Korean President Yoon Suk Yeol has issued instructions to have a bill drafted that will contain practical measures to bolster South Korea’s national security by tracking and freezing cryptocurrencies and other virtual assets used by North Korea.
Nigerians Are Familiar with Crypto: Survey
A ConsenSys study has established that Nigeria now holds the highest awareness of digital assets with 95%.
China’s Central Bank Official: e-CNY Must Be Available in All Retail Scenarios
Changchun Mu, head of the digital currency research institute at the People’s Bank of China (PBoC), stated that the digital yuan, the Chinese central bank digital currency (CBDC) currently in trial, ought to be accessible in all retail payment scenarios.
The Approval of a Spot Bitcoin ETF is Inevitable: Jay Clayton
Jay Clayton, the former chairman of the US Securities and Exchange Commission (SEC), has predicted that a spot Bitcoin exchange-traded fund (ETF) will eventually be approved in the United States.
Gala Games CEO Sues its Co-founder
The legal disputes between Eric Schiermeyer and Wright Thurston, two top executives at the Web3 GameFi startup Gala Games, have sparked a 13% drop in the price of the GALA token since the allegations of theft and misuse of company funds.
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.
