DeFi
Exchanges
Coinbase revenues drop despite listing altcoins like Shiba Inu
The company’s last investor earnings report revealed a significant drop in profits in Q3.
Adoption
Gamer chatroom Discord is testing out Ethereum (ETH) integrations
Discord CEO revealed the platform’s pre-release solution for crossing the momentous Web 3.0 frontier, but judging by the user response, not everyone is on board.
Stablecoins
Morgan Stanley says banks ‘likely’ to capitalize on stablecoin demand
The American multinational investment bank and financial services company foresees stablecoins opening new sources of revenue for banks.
Memecoins
Dogecoin (DOGE) community prepares for mainstream adoption, as devs taunt new version
Besides various bug fixes and security updates, the new minor version release includes an important performance improvement that will finalize the network’s fee reductions.
Adoption
Reddit could onboard 500 million crypto users with new Ethereum tokens
Designed for news aggregation, Reddit enables registered users to submit, rate and discuss different types of content, from links and text posts, to images and videos.
Technology
Ethereum (ETH) just hit one week of ‘negative issuance.’ Here’s what it means.
Following the successful Beacon Chain upgrade and the new ATH, the Ethereum network reached another major milestone.
Scams
Police forces jump into AnubisDAO saga after $60 million ‘rug’
AnubisDAO, a new DeFi project that launched last Thursday in a bid to capitalize on the dog-meme crypto craze, lost 13,556K Ethereum (ETH), worth roughly $60 million.
Adoption
Houston auto dealer to offer luxury car purchases through Bitcoin-backed loans
The company also announced it already sold its first luxury automobile, a Rolls Royce Ghost, financed with Bitcoin.
Adoption
Report: Crypto investors score poorly on basic stock market knowledge
First-timers flooded the stock market since the pandemic, thanks to new apps like Robinhood and Acorn that enable investors to begin with as little as one USD.
Technology
Polkadot founder Gavin Wood: Decentralization shouldn’t ‘cut corners’ in favor of scalability
Wood broke down Parity’s way for achieving software upgradability and sustainability in the blockchain decentralized system.
Investments
US SEC said to shy away from levered and inverse Bitcoin futures ETFs
Two days after Valkyrie Investments filed to offer a 1.25x leveraged Bitcoin futures ETF, the US regulator signaled that it intends to approve only unleveraged funds tied to Bitcoin.
Memecoins
Pundits ring ‘market top’ alarms as Coinbase crosses TikTok to become top AppStore app
With a current market cap of $42,2 billion, Shiba Inu (SHIB), climbed all the way up to the top ten cryptocurrencies.
