Publicly traded Coinbase (COIN) is buying $500 million in cryptoThe global crypto market cap is $2.09 trillion with a 24-hour volume of $113.4 billion. The price of Bitcoin is $48,812.01 and the BTC dominance is at 43.9%.
by Shaurya Malwa Publicly traded crypto exchange Coinbase will purchase over $500 million worth of cryptocurrencies as it looks to become a more crypto-centric company, CEO Brian Armstrong revealed in a tweet this morning. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Binance (BNB) makes KYC mandatory for every service on its platformIn an announcement today, embattled crypto exchange, Binance has emphasized its readiness to be fully compliant with various regulatory measures, as it now requires compulsory Verification for all its users, effective immediately. Emerging markets like Nigeria, Kenya led 880% global crypto growth in 2021In an effort to measure grassroots cryptocurrency adoption amid the massive growth seen in the crypto market over the year due to traction from industries, the just-published report of on-chain research firm Chainalysis has revealed a surge of over 880% in global adoption majorly driven by peer-to-peer platforms. $185 million worth of LUNA burned in past month as Terra user base growsTerra’s native token LUNA rallied 79.66% during the past seven days as the protocol developed by South Korean firm Terraform Labs surpassed Polygon (MATIC), recording the third-highest total value locked (TVL) among blockchains. Vitalik Buterin: Ethereum (ETH) scalability has increased by a factor of 5Talking to Bloomberg, Vitalik Buterin spoke openly about various aspects of Ethereum, including perhaps the most challenging issue it faces to date, scalability. How the Shiba Inu frenzy meant big growth for RobinhoodCrypto transactions accounted for more than 41% of Robinhood’s total revenue in the second quarter, compared to 17% for the first three months of 2021, revealed the investing platform’s first earnings report since its recent stock market debut. Cardano bucks downtrend with 5% gains, but millions in ADA still lost in giveaway scamsCardano is up 5% in the last 24-hours, to $29 at the time of writing, making it the biggest gainer in the top ten. Flavien Darius Pommier’s world of wines, models and NFTsFlavien Darius Pommier is a winemaker who also happens to be an entrepreneur. Ethereum’s Vitalik Buterin isn’t sold on Dorsey’s Bitcoin plansVitalik Buterin, a co-founder of Ethereum, in a recent interview has revealed his doubts about the plans Jack Dorsey and Mark Zuckerberg might be making about the crypto industry, as per a report on Bloomberg today. Cross-chain DeFi tool Unbound Finance reveals roadmap for the months aheadUnbound Finance, a decentralized, cross-chain protocol that leverages the liquidity of the AMMs to increase the efficiency of the DeFi space by using the liquidity pool token (LPTs), revealed its plans for the months ahead in a note to CryptoSlate. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
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