Nexo launches crypto Mastercard 🚀, Binance introduces new stablecoin 💰, 76% of Vietnamese crypto holders 🧲
Daily Crypto, Blockchain & Web3 Update 2023-08-31
CRYPTOCURRENCY
Arkham IDs Robinhood as 5th-largest ETH holder (3 min read)
Arkham Intelligence, a crypto analytics platform, has identified Robinhood as a major holder of Ether. Robinhood owns the fifth-largest ETH wallet, which holds approximately $2.54 billion worth of the cryptocurrency.
Binance pushes new stablecoin as it confirms plan to cease BUSD support (2 min read)
Binance is advising users to convert their Binance USD stablecoin into other assets, including a newly listed stablecoin. They plan to phase out support for BUSD.
Vivek Ramaswamy: Grayscale win ‘clears a path’ for Bitcoin innovation (3 min read)
US presidential candidate Vivek Ramaswamy praised Grayscale's recent win against the federal securities regulator. He believes this decision will prevent Bitcoin and blockchain innovation from leaving the country.
Nexo launches crypto Mastercard for EEA citizens (2 min read)
Bulgarian decentralized lending platform Nexo has unveiled a crypto-powered debit and credit Mastercard for citizens of the European Economic Area (EEA). The card is only available to citizens of the 30-country European Economic Area.
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Cambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hash rate increases (4 min read)
Researchers behind the well-known Cambridge Bitcoin Electricity Consumption Index (CBECI) have officially revised its methodology to enhance the accuracy and reliability of the Index’s estimates for the first time since its inception in 2019.
Uniswap lawsuit judge calls Ether a commodity in dismissal order (3 min read)
A United States District Court judge has called Ether a commodity in her dismissal of a class-action lawsuit against the decentralized exchange Uniswap.
United States District Court Judge Katherine Polk Failla is also the judge overseeing the Securities and Exchange Commission’s lawsuit against crypto exchange Coinbase.
Bitcoin ETFs have 75% chance of approval this year: Bloomberg analysts (3 min read)
Bloomberg analysts predict that there is a higher chance of a Bitcoin exchange-traded fund (ETF) being approved by the end of 2023. This prediction comes after Grayscale's recent success against the federal Securities regulator.
SWIFT says blockchain integration ‘more plausible’ than unifying CBDCs (2 min read)
Bank messaging network SWIFT recently shared a report highlighting how SWIFT can connect with blockchains and solve the issue of interoperability between different blockchain networks.
Lufthansa airline launches NFT loyalty program on Polygon (2 min read)
Lufthansa, one of the largest airline groups in Europe, has launched its nonfungible token (NFT) loyalty program on the Polygon Network. The program will allow passengers to turn their trips into NFTs that can unlock rewards, such as miles and business lounge vouchers.
76% of Vietnamese crypto holders invest based on referrals — Report (2 min read)
More than 75% of crypto investors in Vietnam rely on recommendations from their friends to make investment decisions. Vietnam is currently among the top countries in the world in terms of crypto adoption.
China’s Baidu and other tech companies release ChatGPT-like AI chatbots (3 min read)
Four China-based tech companies launched their own artificial intelligence (AI) chatbots on Aug. 30 for public use after receiving approval from the Chinese government.
Chinese tech companies launched ChatGPT-like AI chatbots for mass use after China's new AI regulations were implemented, which mandate government approval.
Binance scouts art for Pierre Gasly’s F1 helmet at Abu Dhabi GP (2 min read)
The winner of an art competition by Binance will have their design on the helmet of racing driver Pierre Gasly. This will happen during the Abu Dhabi Grand Prix on November 26, 2023.
Crypto donations fund fire relief efforts on Maui (2 min read)
Relief efforts are still underway on the Hawaiian island of Maui following a series of wildfires that severely damaged major areas, including Lahaina.