Canada is leading in crypto 🥇, PayPal to roll out Cryptocurrencies Hub 💥, Anthropic AI raises $100M 💰
Daily Crypto, Blockchain & Web3 Update 2023-08-14
CRYPTOCURRENCY
TeraWulf increases self-mined BTC in Q2 while Hut8 looks to USBTC merger (3 min read)
Bitcoin (BTC) mining firm TeraWulf has seen a drastic increase in BTC rewards after increasing its mining capacity in the first half of 2023.
U.S. miner TeraWulf expanded its Bitcoin mining capacity in 2023, resulting in 70% more BTC mined in Q2.
Zunami Protocol confirms stablecoin pools attacked, $2.1M loss estimated (2 min read)
Decentralized finance protocol Zunami Protocol has advised users not to buy any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins after encountering an attack on its "zStables" pools on Curve Finance.Â
Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack.
Coinbase VP says Canada can be a ‘global leader’ in crypto (2 min read)
The cryptocurrency exchange Coinbase announced an expansion of its services offered to Canadian users on Aug. 14 through a partnership with the local financial services company Peoples Trust Company.
PayPal to roll out Cryptocurrencies Hub for select users (3 min read)
PayPal has introduced a new feature called Cryptocurrencies Hub. This feature allows users to hold and interact with Bitcoin and other cryptocurrencies in their PayPal account.
BUSINESS
Metaverse project The Sandbox unlocks $133M worth of tokens (2 min read)
Metaverse platform The Sandbox has unlocked a total of 332 million SAND tokens, which is around 16% of the digital asset’s current circulating supply. The unlocked tokens were worth around $133 million at the time of unlocking.
Anthropic AI raises $100M from South Korea to bolster telecommunications industry (2 min read)
Anthropic, an AI developer, will get a $100 million investment from SK Telecom, a South Korean telecommunications giant. Google-backed AI developer Anthropic raised $100 million in funding from South Korean telecommunications giant SK Telecom to bolster the industry.
QUICK LINKS
Pro-Bitcoin Javier Milei wins most votes in Argentina primary election (2 min read)
An Argentine politician who supports Bitcoin and calls for abolishing his country’s central bank has taken the lead in the country’s presidential open primary elections.
This scenario could see Gensler replaced by SEC's Crypto Mom: Former SEC official (3 min read)
The United States’ securities regulator could completely u-turn its approach to crypto enforcement, depending on a key election in the United States in 2024, according to former SEC official John Reed Stark.
FedNow showcases DLT-powered payments system as service provider (2 min read)
The Federal Reserve in the United States has included a company that uses Hedera Hashgraph's distributed ledger technology (DLT) platform as one of its service providers for its instant payment system, FedNow.
13% of applications approved: British regulator discloses crypto registration stats (2 min read)
Since January 2020, 291 crypto companies have applied for registration with the principal financial regulator of the United Kingdom, the Financial Conduct Authority (FCA). Only 13% of them successfully obtained a permit to operate in the country.