Category: Uncategorized

Coinbase Exec: ‘There’s No Playbook’ for Public Company Launching Blockchain
As Coinbase, the big U.S. crypto exchange, plans to launch its new Base blockchain on Wednesday, CoinDesk interviewed Jesse Pollak, who’s leading the effort. Here’s an excerpted version.

Crypto News Today: Bitcoin's Rally Toward K, PayPal's Stablecoin Fakes, and More
As Bitcoin retakes $30K and major players like PayPal delve into the crypto realm, the intersection of traditional finance and crypto becomes more pronounced.

Private Equity Giant David Rubenstein Makes the Case for Bitcoin
Billionaire private equity titan David Rubenstein believes Bitcoin (BTC) is here to stay thanks to growing institutional interest as evidenced by BlackRock’s application for a spot bitcoin ETF as well as general global demand for a form of money that can’t be controlled by governments.

Fed Starts New Program to Oversee Crypto Activity in U.S. Banks
The U.S. Federal Reserve is starting a new program for overseeing banks’ crypto activity, and it further clarified its requirement that the lenders under its authority get approval before engaging in digital assets activities.

Venture-Backed Saddle Finance Proposes Wind-Down, Dissolution
The Ethereum-based crypto trading protocol will shut down and distribute its treasury to investors.

Marathon Digital Misses Q2 Earnings and Revenue Estimates

Former FTX Exec Ryan Salame Talking to Prosecutors About Plea Deal: Bloomberg
It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried.

Desperately Seeking Crypto’s Killer App
When you take away the speculation, what Web3 services actually deliver utility for users?

Crypto Market Leaders and Laggards: The Biggest Movers of the Week
Stellar (XLM), XRP (XRP) and Shiba Inu (SHIB) were notable winners from the last week, while Curve Finance (CRV) and Augur (REP) struggled. The market is down overall, according to CoinDesk Market Index, but only marginally compared to recent growth.

Lessons of a M Attack: How a Ukrainian Payment Processor Was Hacked
CoinsPaid, a crypto payment processing company with Ukrainian roots, fell a victim to a social engineering attack, thought to have emanated from Lazarus, a North Korean hacking group.