Weekly Crypto News for 8/16/21 to 8/22/21 — Curated by BearTax
1/ Ethereum 2.0 Staking Contract Now Holds the Most Ether!
According to Etherscan,
- Top account by balance is Ethereum 2.0 with 6.9 million $ETH ($21.3B worth)
- Wrapped ether comes in 2nd, holding 6.7 million $ETH ($20.6B worth)
Eth 2.0 staking is incredibly popular!
2/ Regulation News:
a. Binance Tightens Customer Verification Requirements:
- New customers must provide a govt-issued ID & pass facial verification to meet “Intermediate” verification for access to services such as ‘crypto deposits, trades & withdrawals’.
- Existing customers who have met only the “Basic” verification standard — by simply providing personal information — will have their services limited to ‘withdrawal, order cancellation, position close and redemption’.
b. Bank Of Thailand To Test CBDC For Cash-Like Payment System On A Limited Scale:
CBDC will:
- not bear any interest
- be distributed to the general public via financial institutions
- conditions/limits on the amount of CBDC that can be held will be set
- not affect money supply
3/ Polygon To Form A Decentralized Autonomous Organization
- Aims to attract 100M users & invite them to have a say in on-going #defi developments
- Will aid collaboration b/w blockchain-based systems
- Some of its $100M #DeFiforAll Fund will be used for the process.
4/ Coinbase to Add Over $500M in Crypto to Current Holdings
CEO Brian Armstrong tweeted that the crypto exchange will also invest 10% of its profits in cryptocurrency
5/ ElrondNetwork Integrates With Rario To Drop Cricket NFTs
Rario is a marketplace for cricket lovers to collect, trade, & play with officially licensed digital collectibles (player cards, video moments & cricket artifacts). It is currently in beta & set to launch in Sept.
