Source: AdobeStock / Sergey Nivens

Get your daily, bite-sized roundup of crypto asset and blockchain news – and investigate the stories flying under the radar of today’s crypto news.

Blockchain news

  • The Kraken crypto exchange has announced it will donate $ 250,000 to the Ethereum Foundation to support development teams working to meet critical milestones on the Ethereum (ETH) roadmap. They added that they believe it is their responsibility to support the open source innovators who are building the next generation of Ethereum, calling it “one of the most important pillars of the crypto ecosystem”.

Stablecoin news

  • Blockchain infrastructure company Paxos (PAX) has announced that it will rename its stablecoin to Paxos Dollar (USDP) to identify the stablecoin as a USD-backed token. They added that USDP is regulated and redeemable one-to-one for US dollars, while USDP reserves are held 100% in cash.
  • Tether (USDT) announced that they will coordinate a $ 2 billion chain swap from TRC20 to ERC20 tokens. They added that the total offer will not change during this time. In a separate announcement, Tether said that after “seven years of stability” they have reached a total of $ 65 billion in circulating supply.

Adoption News

  • El Salvador’s President Nayib Bukele said on Twitter that 200 ATMs and 50 personal kiosks will be built around the 7th. He added that nobody needs to use BTC, but that those who choose to use the BTC wallet Downloading the app that launches the same day will receive the equivalent of $ 30 to spend as you wish.

CBDC news

  • China’s digital yuan was used to pay storage fees to a delivery warehouse in Dalian, China, marking the first of its kind in the domestic futures market, the China Securities Journal reported. The Dalian Commodity Exchange paid the fees to Dalian Liangyun Group Storage and Transportation, while local branches of the Bank of Communications and the Dalian branch of the Bank of China helped with the transaction.

Attachment messages

  • Bitcoin technology company Blockstream raised $ 210 million in a Series B funding round that valued the company at $ 3.2 billion. The new financing takes place parallel to the acquisition of the intellectual property of the BTC mining hardware manufacturer Spondoolies for the construction of the ASIC arm of Blockstream.
  • The FTX crypto exchange has a naming contract worth 17.5 million. Learfield, the multimedia rights holder of Cal Athletics, will accept payments in cryptocurrency, the announcement said.
  • The crypto exchange Binance denied allegations of market manipulation and work against the interests of its users. They have blamed “FUD peddlers” (FUD: fear, uncertainty, doubt) and “persons with malicious intent, including impersonating Binance employees”, saying that as the industry strengthens ties with regulators, fewer will Examples should occur.

Mining news

  • BTC mining company Riot Blockchain raised 31.5 million for the second quarter of this year.The company also reported a 38% increase in the total number of BTC mined compared to the previous quarter, with Riot generating 675 BTC compared to 491 BTC in the previous quarter first quarter.

NFT news

  • Artificial intelligence laboratory Fetch.ai announced the launch of its new non-fungible token (NFT) platform, Colearn Paint, which will enable groups of developers to use machine learning to automatically generate NFTs. At launch, users who wish to participate in the first round of the artwork will participate in a three-step creation process: bidding to enter, entering a random pattern to control the direction of the NFT creation, and creating the NFT yourself.
  • NFT auction house Portion.io said it is supporting the NFT Palm Network ecosystem to give artists the opportunity to mint and sell their work. According to the press release, the integration of Portion’s online marketplace into Palm’s infrastructure is intended to remove barriers to blockchain creativity from work systems. “

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