Coins.ph CEO Confident in Local Crypto Projects
Coins.ph CEO Wei Zhou has voiced strong support for Filipino cryptocurrency ventures, expressing plans to list local projects on the platform to fuel the country's blockchain ecosystem. This initiative reflects Zhou’s confidence in the growing interest in digital assets among Filipinos and Coins.ph's dedication to fostering a vibrant local crypto environment. (BitPinas)
Coinbase's Layer 2 ‘Base’ Goes Live on Ethereum Mainnet
Coinbase has launched its Layer 2 solution, Base, on the Ethereum mainnet, enhancing trading efficiency with faster transactions and reduced fees. This strategic rollout aims to address scalability while offering users a smoother experience, reinforcing Coinbase's commitment to platform innovation. (Blockworks)
PayPal Introduces Stablecoin PYUSD
PayPal has launched PYUSD, a dollar-pegged stablecoin designed for transactions within its platform, aiming to reduce volatility and enhance payment reliability. This marks a significant step in PayPal's engagement with digital currencies, highlighting its expanding role in the crypto industry. (Bloomberg)
Circle CEO Sees USDC Adoption Growing in Emerging Markets
Circle’s CEO predicts rising USDC adoption in emerging markets, citing its potential to support financial inclusion by offering a stable, accessible digital currency alternative. This growth underscores stablecoins' role in providing financial solutions to underserved communities. (Cointelegraph)
Android 14 Introduces Enhanced Security for Crypto Protection
Android 14 has added new security features specifically aimed at protecting cryptocurrency holdings from cyber threats. This update reinforces Android’s commitment to digital asset security, offering users an improved layer of protection for their crypto assets. (BeInCrypto)
Amazon Presents Free Gaming NFTs for Users
Amazon is introducing free gaming-themed NFTs, highlighting its foray into blockchain and NFT engagement. This initiative allows users to easily claim digital collectibles, signaling mainstream adoption of NFTs to drive customer interaction.(Decrypt)
Lido Sees Significant Growth in July 2023 TVL and Adoption
Decentralized staking platform Lido recorded substantial growth in its Total Value Locked (TVL) in July 2023, reflecting strong demand for staking solutions and reinforcing its appeal within the DeFi landscape. (The Block)
Uniswap Deploys on Coinbase's Layer 2 Network, Base
Uniswap has launched on Coinbase's Layer 2 network, Base, in a move to reduce transaction costs and improve scalability. This deployment reflects the growing adoption of Layer 2 solutions to tackle high fees on the Ethereum network. (The Block)
Reddit's Moon and Brick Tokens Soar on Kraken Listing
Reddit’s community tokens, Moon and Brick, surged in value following their listing on the Kraken exchange, showcasing how major exchange listings can amplify interest and accessibility for unique digital assets. (BeInCrypto)
Philippine Airlines Explores NFTs for New Revenue Streams
Philippine Airlines is considering NFT-based offerings as part of its branding strategy to enhance customer engagement. This move illustrates the expanding use of NFTs beyond art into sectors like aviation, aiming to deepen customer loyalty through digital experiences. (BitPinas)
Airdrop Farming Gains Traction on Ethereum Layer 2
Airdrop farming, which rewards liquidity providers with tokens, is gaining popularity on Ethereum Layer 2, leveraging lower costs and quicker transactions to maximize returns. This reflects DeFi’s evolving landscape and users’ innovative strategies to enhance yields. (Blockworks)
Decentraland Enhances Metaverse with AI for Realism
Decentraland is enhancing its metaverse by using AI to create lifelike avatars and NPCs, aiming to enrich user immersion and make virtual worlds feel more realistic. This initiative underscores the role of advanced tech in transforming digital environments. (Decrypt)
