🦎🚀 Not Based

Wednesday, September 6, 2023

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Offramping Made Easy

The world's most popular hot wallet MetaMask has introduced a new feature allowing its users to convert cryptocurrency into fiat currency and transfer it directly to their bank accounts.

This functionality is currently accessible in the United States, the United Kingdom, and select European regions.

In today's news, we have Visa expanding to Solana for stablecoin settlement capabilities, Base suffering its first major outage and South Korea's Hana Bank partnering with BitGo.

Read on!

Electricity Usage: Solo Bitcoin Mining vs Household Appliances

Bitcoin mining at home uses 4.6 kWh, which is around the same as the electricity usage of a clothes dryer.

This suggests that Bitcoin's environmental impact is comparable to everyday electronic devices.

Read more here

24h Hot Searches Worldwide 🔥

Tamadoge (+3.7%)
Pink BNB (-21.0%)
Bella Protocol (+27.3%)
The Sandbox (-0.1%)
ApeCoin (-0.8%)
Trust Wallet (-0.1%)
Polygon (-2.5%)

Linea, a zk-rollup layer 2, has just recently launched on mainnet. Find out all about the project and how it differs from other layer 2s in this video.

Find out now!

Casting A Wider Net

Visa has revealed the extension of its stablecoin settlement capabilities to encompass the Solana blockchain, alongside its existing capabilities on Ethereum.

In collaboration with merchant acquirers Worldpay and Nuvei, Visa initiated pilot programs to test these expanded capabilities.

The Block

Temporary Outage

Coinbase's Ethereum layer-2 network, Base, experienced its first significant outage since its public launch on August 9th.

For a duration of about 45 minutes on September 5th, no new blocks were produced on the Base chain. Block production has since resumed, but this incident highlights the challenges and potential vulnerabilities that layer-2 solutions can face.

Cointelegraph

Korean Partnership

South Korea's Hana Bank, a prominent commercial bank in the country, has entered into a partnership with BitGo, a well-established crypto custody firm.

The aim of this collaboration is to enhance the bank's digital asset custody services, with plans to launch these services in the second half of the next year, as reported by Forkast.

CoinDesk

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