Tuesday, August 29, 2023

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New Revelations

Robinhood, the investment and trading platform, has accumulated more than $3 billion in bitcoin within a single wallet, gradually accumulating these holdings over several months, according to wallet data from Arkham Intelligence.

This places Robinhood as the third-largest holder of Bitcoin, trailing behind cryptocurrency exchanges Binance and Bitfinex, which hold $6.4 billion and $4.3 billion worth of tokens in individual wallets, respectively.

In today's news, Bitboy Crypto parts ways with Ben Armstrong, the SEC has its say about NFTs and is the Friend.tech hype train slowing down?

Read on!

Fastest Growing Layer 2 Blockchains

Newly launched blockchain, Base, has emerged as the fastest growing layer 2. The Coinbase backed network reached 1 million unique addresses within 11 days. How have other layer 2 networks fared?

Read more to find out.

See how Base has performed

24h Hot Searches Worldwide 🔥

Ethereum (+0.3%)
Bitcoin (+0.1%)
Pepe (-4.2%)
Sei (-4.7%)
Worldcoin (-6.3%)
Akash Network (-9.8%)
Sui (-4.0%)

Thinking of getting a job in crypto?

Check out our beginner-friendly guide to landing a job in the industry in this video.

Find out how!

Bitboy No Longer

The parent firm of the Bitboy Crypto brand removed Ben Armstrong from the brand, citing substance abuse and harm.

The company mentioned that their decision was challenging and stemmed from significant and personal allegations against Armstrong.

However, these accusations have not yet been verified by the influencer himself.

The Block

Sending a Message

The U.S. Securities and Exchange Commission (SEC) has directed a Los Angeles-based company that issued NFTs to reimburse investors who had purchased them.

The SEC asserts that these transactions were illegal and recognized as unregistered securities offerings.

This action marks the SEC's first NFT-related enforcement action.

Decrypt

The Shine Wears Off

The initial excitement surrounding Friend.tech, the popular crypto app on the Base blockchain, seems to have faded quickly.

Recent data from DeFiLlama reveals that the app's daily revenues have plummeted by more than 95%, sliding from a peak of $840,000 on August 21 to a mere $80,500 yesterday.

Decrypt

5 Most Popular Crypto Day Trading Strategies… and How to Backtest

Learn about the 5 most popular crypto trading strategies and how you can backtest your strategy with CoinGecko API's historical crypto price data via Python. Disclaimer: Not financial advice!

Read more here.