Thursday, August 31, 2023

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Product Expansion

Robinhood's cryptocurrency wallet is introducing new functionalities, including the ability to send and receive Bitcoin and Dogecoin, and facilitating Ethereum swaps.

The introduction of Ethereum swaps will allow users to trade ETH for more than 200 different assets. Notably, the wallet can charge users gas fees using any tokens they possess.

Robinhood plans to progressively roll out these features to all users over the next few weeks, as outlined in their recent announcement.

In today's news, StarkWare re-enables access to locked accounts, SEBA Bank is ready for Hong Kong and LimeWire is adding AI tools to its product.

Read on!

Countries Leading CBDC Development

Out of 130 economies now exploring CBDCs, only 3 have fully launched a digital currency so far. The world's first CBDC is Bahamas' Sand Dollar, launched in October 2020.

Another 9 economies' CBDCs are in the pilot phase.

Read more here

24h Hot Searches Worldwide 🔥

Ethereum (-0.6%)
Bitcoin (-0.6%)
CyberConnect (+8.3%)
JOE (+21.3%)
Sei (-12.5%)
Mantle (+2.3%)
Fetch.ai (+9.3%)

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!

Phew!

Starkware has decided to restore access to its obsolete wallets after a temporary suspension that left users unable to access $550,000 of their funds.

Earlier, Starkware had imposed a lock on all funds for users who hadn't updated their accounts by August 21.

Decrypt

Step One Complete

SEBA Bank, a cryptocurrency bank headquartered in Switzerland, has obtained an approval-in-principle from Hong Kong's securities regulator, marking its ongoing expansion in the Asian market.

In addition to its existing operations, the crypto bank will be authorized to provide advisory services concerning securities and virtual assets.

CoinDesk

AI in Music

LimeWire, a music-sharing service from the early 2000s that was revitalized as a music NFT marketplace in 2022, unveiled a decentralized generative AI creator studio on Tuesday, supported by the Ethereum scaling network Polygon.

Initially, LimeWire's studio will provide the capability to generate AI-generated images using text-to-image or image-to-image inputs. LimeWire also has plans to introduce a more intricate system in the upcoming months.

Decrypt

What is Celo? Learn about the mobile-centric blockchain that provides the underserved with alternatives to traditional financial systems, and why it's moving from a Layer 1 to a Layer 2.

Read more here.