Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Paradigm unveils new $2.5B crypto fund
Paradigms new $2.5 billion New Venture Fund has dethroned A16z as the largest venture fund in crypto. 619 Total views 25 Total shares Crypto investment firm Paradigm has revealed a new $2.5 billion”New Venture Fund” to expand its investment into cryptocurrency companies and protocols.According to a Nov. 15 announcement, Paradigm co-founders Fred Ahrsam and Matt Huang stated…

Robinhood will end support for 3 tokens named in SEC lawsuits
The company cited the SEC’s actions against Coinbase and Binance as reasons for the delisting, saying the lawsuits “introduced a cloud of uncertainty” around the tokens. Cryptocurrency and stock trading app Robinhood announced it will be ending support for Cardano, Polygon and Solana — all tokens labeled as unregistered securities by the United States Securities and…

CEO says PayPal’s crypto commerce may reach $200M volume in just months
As the price of Bitcoin continues to reach new all-time highs, major corporations with existing crypto offerings in place are beginning to discuss grand plans for the future. Most recently, Dan Schulman, CEO of PayPal, hinted at future developments for PayPal’s crypto offering during Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate,” an online event that…

Bank of Israel deputy governor confirms digital shekel pilot is underway
Despite the pilot, the central bank's deputy governor said he was apprehensive about launching a full-scale CBDC in Israel, and referred to Bitcoin as a "pyramid scam." 447 Total views 5 Total shares The Bank of Israel has reportedly already issued a central bank digital currency through a pilot test of a digital shekel.According to…

Crypto Markets Attempt Recovery, Bitcoin Circles $6,500 Support
August 10: Crypto markets are tentatively holding gains today, as they stake their recovery from the week’s earlier plummet. On August 8, total market capitalization had shrunk to $219 billion –– its lowest level since mid-November 2017 –– but today has seen that figure peak as high as $233 billion. Market visualization from Coin360 Bitcoin…

Golem report reassures no ETH dump after $337M transfers
Golem’s latest report explains the transfer of 135,000 ETH to CEXs as part of a staking test to ensure operational security.

X restricts Changpeng Zhao’s account after name change removes ‘Binance’
The former Binance CEO speculated that X’s bot detection algorithm “needs some work” after the platform implied he “potentially violated the X Rules” by changing his profile name. 368 Total views 6 Total shares Social media platform X (formerly Twitter) restricted the account of former Binance CEO Changpeng “CZ” Zhao without explanation other than suggesting

PayPal for Crypto: Up to 25,000 Online Stores in Germany May Accept Digital Money in 2019
A Swiss startup company is attempting to make using cryptocurrencies for online transactions as simple and safe as using PayPal.The main accusation of the mainstream media against crypto is that it is “a currency that is hard to spend.” Even though, according to CNBC, the total worth of Bitcoin spent on merchant services has increased…