NFTs
Stablecoins
Russia to settle cross-border payments using stablecoins
Russia is developing a digital platform that will allow it settle cross-border transactions with more friendly countries using commodity-backed stablecoins.
Staking
Bifrost, Coinbase Cloud collaborate to offer cross-chain liquid staking on Kusama
Bifrost will leverage Coinbase Cloud's staking infrastructure to offer a more stable network performance for Kusama validators. Users on Kusama can stake their KSM to receive the corresponding liquid vKSM.
Adoption
Singapore’s largest bank DBS to offer crypto services to 300,000 investors
DBS Bank CEO Piyush Gupta has affirmed that cryptocurrency services will soon be available to over 300,000 accredited investors in Asia.
Crypto
CryptoSlate Wrapped Daily: Binance ends support for USDC, Shiba Inu burns almost 50% of initial supply
Saylor says Bitcoin’s Lightning Network is the most important technology in the world right now, Binance to stop support for USDC across its platform and much more in this edition of CryptoSlate Wrapped Daily
Scams
FatManTerra educates community on crypto scams by creating fake investment scheme
Crypto Influencer FatManTerra shared a fake investment scheme that attracted over $100k from his followers. He has called off the trick and warned the community against falling for crypto investment scams.
Adoption
Saylor says Bitcoin’s Lightning Network most important technology in the world right now
Michael Saylor announced that MicroStrategy is working on an inhouse Lightning Network solution that will onboard over 10 million consumers.
Crypto
CryptoSlate Wrapped Daily: Binance’s CZ refutes allegations of company’s ties to China, LUNA Classic pumps 2,400%
CZ denies claims that Binance is owned by a secret Chinese agent, on-chain metrics suggest more pain ahead for long-term Bitcoin holders and much more in this edition of CryptoSlate Wrapped Daily
Bankruptcy
Celsius expects to receive $70M loan repayment to fund operations beyond November
Celsius expects to receive extra $70 million in loan repayment by Oct. 7 and retain over $42 million by the end of November.
Exchanges
CZ denies claims that Binance is in ‘the pocket of the Chinese government’
Binance CEO Changpeng 'CZ' Zhao said the company was never incorporated in China and so owes no loyalty to the government.
Crypto
CryptoSlate Wrapped Daily: Saylor claps back at tax fraud allegations; USDT and USDC at war for market dominance
Michael Saylor respectfully disagreed with tax evasion allegations, USDC worth $1 billion left Binance this week and much more in this edition of CryptoSlate Wrapped Daily.
Legal
Creditors file fresh suit against Celsius seeking $22.5M reimbursement
The creditors are basing their claim on the fact that their funds were held in Celsius' custodial account and not the Earn program.
Crypto
CryptoSlate Wrapped Daily: Bitcoin maximalist Saylor getting sued for tax fraud, volatility expected ahead of Ethereum’s Merge
Michael Saylor getting sued for tax fraud in Washington, Bitcoin mining difficulty rising and much more in this edition of CryptoSlate Wrapped Daily.