Binance leaving Russian 🇷🇺, Shibarium wallets surpass 100K 🐶, Binance excludes Banco de Venezuela 🇻🇪
Daily Crypto, Blockchain & Web3 Update 2023-08-29
CRYPTOCURRENCY
Binance leaving Russian market is ‘on the table’: Report (1 min read)
Cryptocurrency exchange Binance may be considering withdrawing its services from Russia amid sanctions from countries including the United States.
Shibarium wallets surpass 100K after SHIB devs relaunch bridge (3 min read)
Shibarium, a new layer-2 blockchain for Shiba Inu has surpassed 100,000 wallets on its platform, with 35,000 coming within 24 hours of Shibarium’s relaunch on Aug. 28.
Solana-based Clockwork to shutter, citing ‘limited commercial upside’ (2 min read)
The developers behind the Solana-based smart contract automation project Clockwork are set to turn off key infrastructure for the protocol at the end of October, citing “limited commercial upside."
Binance says it ‘continues to serve’ Belgian users via Poland entity (2 min read)
After an order from the Belgian Financial Services and Markets Authority (FSMA), crypto exchange Binance announced its Poland entity would be providing services to residents of Belgium.
BUSINESS
Indian crypto exchanges CoinSwitch, CoinDCX cut staff amid market slump (3 min read)
The crypto exchange laid off 44 employees from its customer support division in August due to redundancies in roles caused by the bear market and a lack of customer queries.
Canaan’s Q2 mining revenue jumps 43% on Q1, but net loss climbs 31% (3 min read)
Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and Bitcoin mining revenues while tackling a significant net loss of $110 million, up 31% on Q1.
Argo Blockchain cuts 2022 debt by half, down to $75M (3 min read)
The Argo Blockchain mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly competitive mining ecosystem, reported half-year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022.
QUICK LINKS
OpenAI debuts ChatGPT Enterprise — 4 times the power of consumer version (2 min read)
OpenAI, the creators of the artificial intelligence tool ChatGPT, has released ChatGPT Enterprise, a supposedly faster, more secure and more powerful version of the chatbot for businesses.
Jacobi spot Bitcoin ETF classed as ‘environmental investing’ by issuer (2 min read)
A Bitcoin exchange-traded fund (ETF) has been launched in Europe. It is the first of its kind and has been classified as an Article 8 fund by its issuer, Jacobi Asset Management, based in London. Funds included under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are those that “promote environmental and/or social characteristics.”
DCG reaches ‘agreement in principle’ with Genesis creditors, debtors (2 min read)
The estimated United States dollar recoveries for unsecured creditors could be 70%–90% if the amended plan is approved.
Friend.tech threatens to punish users if they use copycat apps (3 min read)
Crypto’s newest decentralized social media (DeSo) app, Friend.tech, has been met with intense criticism over a decision to punish users who opt to use forks or copycat versions of its tokenized social media platform.
DYdX to unlock 6.52M tokens worth $14M for community treasury, rewards (3 min read)
Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of its native DYDK tokens to be allocated to its community treasury and rewards for traders and liquidity providers.
DoorDash launches AI bot to take customer takeout orders (2 min read)
DoorDash is using AI technology for their restaurant partners. This means that instead of speaking to busy staff, customers can now place their food orders with AI-powered bots.
BitBoy Crypto brand will no longer include YouTuber Ben Armstrong (3 min read)
The parent of Hit Network, which controls the “BitBoy Crypto" brand, has cut ties with its public face, Ben Armstrong, citing issues surrounding substance abuse and financial damage to employees.
Binance excludes Banco de Venezuela from P2P payments (2 min read)
The world’s largest crypto exchange, Binance, has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week and is likely part of efforts to fall in line with international financial sanctions.
SEC charges podcaster in first unregistered securities sales claim against NFT offering (3 min read)
The United States Securities and Exchange Commission (SEC) has charged a media and entertainment company with conducting unregistered securities sales when it sold nonfungible tokens (NFTs) to investors between October and December 2021.