The 2023 Global Crypto Adoption Index report from Chainalysis shows that South and South-East Asia are leading the way in grassroots crypto adoption. Countries with low-mid income tend to show a higher level of adoption.
MetaMask is expanding its reach. The popular Web3 wallet has added a ’Sell’ feature to its Portfolio platform, has PayPal integrated and is currently preparing 'Snaps', which will allow users to interact with different blockchains from inside their MetaMask wallet.
The Coinbase CEO called for blockchain builders to bid for the company's venture capital funds, and even proposed 11 promising ideas to give them a head start. The ideas, ranging from a new stablecoin type to a 'Web3 LinkedIn', will likely be curated for Coinbase's new L2 blockchain Base.
Google Cloud enters a strategic partnership with the government of El Salvador and will help to digitalize the country amid its bond rally and growing investor interest.
Binance is likely to leave Georgia soon due to registration issues. This adds to a series of setbacks, including the end of its partnership with Mastercard and Visa.
In addition to its other compliance-based troubles, Binance is also under investigation in connection with possible violations of the U.S. sanctions on Russia. Local observers report on interesting ways the exchange circumvents the restrictions.
Coinbase is increasing its support for USDC with an investment in Circle, which will take full control over the second largest stablecoin issuance and governance.
The Fed Board issued an enforcement action against 136-year-old Farmington State Bank, which has previously been associated with FTX founder Sam Bankman-Fried's Alameda Research.
