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DeFi Shrinks to Multiyear Low as the Crypto-Fueled Future of Finance Falters

[Aug 23, 2023 9:11 AM] The decentralized finance (DeFi) market slumped to its lowest point since February 2021 in terms of total value locked (TVL) on Wednesday.

FBI Says North Korean Hackers May Try to Sell $40M of Bitcoin

[Aug 23, 2023 3:54 AM] North Korean hackers look set to try to sell more than $40 million of stolen bitcoin (BTC), the Federal Bureau of Investigation (FBI) said.

Ether Staking Demand Remains Unfazed as EigenLayer 100K ETH Cap Limit Filled Within Hours

[Aug 23, 2023 3:03 AM] Seattle-based decentralized finance (DeFi) platform EigenLayer has experienced a 207% surge in total value locked (TVL) after it raised its liquid restaking caps to 100,000 staked ether (stETH).

MoonPay Offers Binance.US a Solution to Crypto Payments Suspension: Bloomberg

[Aug 23, 2023 2:57 AM] The U.S. exchange's customers now have the option of buying stablecoin USDT using their debit or credit cards, Apple Pay or Google Pay and then converting it into crypto tokens.

Thailand’s New Pro-Crypto Prime Minister Was an Active Crypto Investor

[Aug 23, 2023 1:56 AM] The resolution of political drama and appointment of Srettha Thavisin as Thailand’s next Prime Minister means a 10,000 THB ‘airdrop’ is likely happening.

BRICS Bank to Issue First Indian Rupee Bond — Plans to Boost Local Currency Lending

[Aug 22, 2023 11:30 PM] The New Development Bank (NDB), also known as the BRICS Bank, is reportedly planning to issue its first Indian rupee bond by October. Last week, the bank issued its first South African rand bond. “NDB is seeking to increase its presence in…

Crypto Exchange EDX Markets Taps Anchorage as Custody Provider

[Aug 22, 2023 9:24 AM] Crypto exchange EDX Markets, which is backed by Wall Street giants including Citadel Securities and Charles Schwab, tapped Anchorage Digital to provide custody for its clearinghouse business set to launch later this year.

Friend.Tech Hype Sees Base Surpass Rival Layer 2 Blockchains in Average Transactions per Second

[Aug 22, 2023 8:39 AM] Base, the layer 2 blockchain backed by Coinbase (COIN), averaged a record high of 15.88 transactions per second (TPS) over the past 24-hours, beating Ethereum and rival layer 2 blockchains Arbitrum and Optimism

Mantle Stakes $66M of Ether on Lido as Part of Treasury Management Strategy

[Aug 22, 2023 6:49 AM] Layer 2 network Mantle has staked 40,000 ether (ETH) on staking protocol Lido after it passed a governance vote on treasury management earlier this month.

Maple Finance Eyes Asian Expansion With $5M Investment, Returns to Solana

[Aug 22, 2023 6:00 AM] The protocol’s focus on growth in Asia Pacific showcases the region’s increasing importance in the crypto industry.

Indian Crypto Exchange CoinDCX Is Cutting 12% of Jobs as Bear Market, Taxes Take Their Toll

[Aug 22, 2023 2:46 AM] The number of employees losing their jobs is 71 out of some 590.

Federal Reserve CBDC Would Threaten Privacy and Freedom, Report Warns

[Aug 21, 2023 4:00 PM] The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the…

Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains

[Aug 21, 2023 2:07 PM] The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.

Terra Website Compromised; Developers Warn Against Phishing Scam

[Aug 21, 2023 7:47 AM] Layer 1 blockchain Terra was targeted by a phishing attack over the weekend with the official website being compromised by hackers.

Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan

[Aug 21, 2023 4:32 AM] Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said.

Crypto Lender Exactly Hit by $12M Bridge Exploit

[Aug 18, 2023 5:41 AM] Exactly Protocol, a decentralized credit market on the Optimism (OP) blockchain, has been targeted by a bridge exploit worth as much as $12 million.

BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies

[Aug 18, 2023 2:00 AM] The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds denominated in South African rand (ZAR). The auction, which was closed on Tuesday, is part of the bank’s efforts to increase both…

Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users

[Aug 17, 2023 1:28 PM] The exchange expanded its services in Canada earlier this week.

Mastercard Deepens Tie to CBDCs as Nations Mull Issuing Digital Currencies

[Aug 17, 2023 11:41 AM] Payments giant Mastercard has created a forum where crypto industry players can discuss and collaborate on central bank digital currencies, injecting its influential voice into the CBDC conversation as nations around the world consider whether to…

How Is Tokenization Impacting Investing?

[Aug 17, 2023 9:45 AM] Decentral Park’s Kelly Ye provides an overview of what tokenization is and how will it affect the investment landscape.

Avalanche Foundation Provides $3M in AVAX Tokens to Dexalot

[Aug 17, 2023 8:00 AM] The grant is part of Avalanche’s Multiverse initiative, an incentive fund that aims to push the growth of new subnets.

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

[Aug 17, 2023 6:54 AM] Stablecoin issuer Tether has announced that it will discontinue support for Omni, a Bitcoin layer that has been used for USDT transfers since 2014.

Securitize Agrees to Buy Crypto Wealth Manager Onramp to Expand RIA Services

[Aug 17, 2023 6:04 AM] The acquisition is expected to close in the coming days and terms of the transaction have not been disclosed.

Blockchain-Harnessing AI Project Jada Receives $25M in Capital

[Aug 17, 2023 3:00 AM] The project's aim is to offer AI services that aid decision-making for organizations and scale up their operations.

US Dollar to Remain Major Global Currency, South Africa’s BRICS Sherpa Says

[Aug 17, 2023 1:30 AM] BRICS plans to discuss trade in national currencies at its summit but de-dollarization is not on the agenda, South Africa’s BRICS Sherpa stated. The talks in Johannesburg next week will also focus on the expansion of the bloc of emerging economies…

PayPal to Stop Crypto Purchases in UK Until 2024

[Aug 16, 2023 10:20 AM] Payments giant PayPal will temporarily pause crypto purchases in the United Kingdom until early 2024, the company said Wednesday, citing new rules by the country’s financial regulator.

Crypto Wallet Provider Ledger to Let Users Buy Bitcoin, Ether Through PayPal Account

[Aug 16, 2023 7:00 AM] Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts, the companies announced Wednesday.

Ex-Meta Engineer’s Layer-1 Blockchain Linera Raises $6M in New Funding

[Aug 16, 2023 7:00 AM] The layer-1 blockchain’s initial seed funding round was led by a16z crypto and has now raised $12 million in total.

BitGo Raises $100M After Scrapping Prime Trust Deal: Bloomberg

[Aug 16, 2023 5:43 AM] The raises comes nearly two months after BitGo ended its plan to buy beleaguered rival Prime Trust.

Coinbase Finally Wins Approval to List Crypto Futures in U.S.

[Aug 16, 2023 4:42 AM] The approval makes Coinbase the first crypto-first platform to offer regulated and leveraged crypto futures alongside alongside traditional spot trading.