DLC Crypto Weekly Roundup: What’s Brewing in the Market? -

Crypto Weekly Roundup: What’s Brewing in the Market?

Stay updated with the latest happenings in the cryptocurrency world with this week’s roundup:

  1. Mastercard, Binance End Crypto Card Programs: Mastercard and Binance have decided to discontinue their four crypto card programs next month. This move follows the cancellation of the agreement, with the Binance Card in Argentina aimed at bridging the gap between cryptocurrencies and everyday purchases.
  2. Layer-1 Blockchains Raise $158M: Nine crypto companies, including ZetaChain, raised a combined total of $158 million in fresh funding this week. ZetaChain, an Ethereum Virtual Machine-compatible layer-1 blockchain, received $27 million, reflecting its commitment to a more interoperable future for crypto.
  3. Coinbase and Circle’s Strategy: Coinbase seeks ownership in Circle Internet Financial while closing down the Centre Consortium, responsible for the USD Coin (USDC). As stablecoin regulations become clearer, Coinbase believes a separate group like Centre is no longer necessary.
  4. BitOasis Funding Round: Dubai-based exchange BitOasis secured funding from investors, including CoinDCX. BitOasis previously received operational licenses in Dubai for broker-dealer services, despite facing regulatory challenges.
  5. Coinbase’s Canadian Endeavors: U.S.-based exchange Coinbase is engaging in talks with major Canadian banking giants, aiming to foster support for the crypto ecosystem in the country.
  6. ChatGPT Exploited for Crypto Botnet: Fraudsters used ChatGPT to create a crypto botnet known as Fox8, consisting of 1,140 accounts. The auto-generated content aimed to deceive users into clicking on crypto-related links.
  7. Bitget’s Crypto Trading Tournament: Bitget introduced the King’s Cup Global Invitational (KCGI) 2023, an annual trading competition with an impressive prize pool of up to $2,650,000. Traders globally, including Indian participants, can compete for extravagant prizes.
  8. Vitalik Buterin’s Significant ETH Deposit: Ethereum co-founder Vitalik Buterin transferred 600 ether (ETH), valued at around $1 million, to Coinbase. This move coincided with a 10% decline in ether’s value over a week of market downturn.
  9. Unknown Bitcoin Wallet Rises to Third-Largest Holder: An unidentified Bitcoin wallet rapidly became the third-largest holder in a span of three months. With insights from BitInfoCharts, the wallet received around 118,000 BTC, worth about $3.08 billion, raising speculations about its owner.

Stay informed and navigate the dynamic world of cryptocurrencies with this comprehensive weekly roundup.

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