Some blessings for this Friday?
So, I am back with some huge Crypto developments
So, you remain updated with all that is happening...
Here is what I have for you today:
$1.5 Billion Invested by Google
Mastercard is joining forces with Binance
Coinbase launches cbETH
Let’s get Started!
$1.5 BILLION INVESTED BY GOOGLE
Google parent company Alphabet is actively investing in blockchain companies for the past 1 year.
Alphabet participated in 4 rounds, raising a total of $1.5 Billion.
Other notable corporations active in the blockchain investment space include Samsung, and financial institutions including BlackRock, Morgan Stanley, and Goldman Sachs.
MASTERCARD IS JOINING FORCES WITH BINANCE
The CEO of Mastercard announced a partnership with Binance to “unlock the full potential of blockchain technology”
This means that Mastercard users will be able to use their crypto to pay at 90 million+ stores all around the world.
This will allow Crypto to tap into a huge consumer base as can be seen in the picture below:
Theoretically, everything makes sense, but we'll have to wait to see how long it takes for this to become a reality for the majority of the world.
COINBASE LAUNCHES cbETH
Coinbase has launched a new coin, cbETH. If you haven't guessed, the name is a combination of Coinbase and ETH.
It is a staking token that is liquid.
When you stake ETH using Coinbase, you will receive cbETH in return.
You can sell, transfer, or use it elsewhere in DeFi.
This is exciting since it provides users with liquidity while still allowing them to receive incentives while their ETH is staked and locked!
Quick links
In this section, you can find more mention-worthy highlights of the week
These Bored Apes Will Melt in Your Mouth: M&M’s Releases NFT-Inspired Candy
FTX grew revenue 1,000% during the crypto craze, leaked financials show
Coinbase CEO Says Exchange Is Cutting Costs, Focusing on Subscriptions
MEME OF THE WEEK
Haha! This cracked me up so bad, I almost choked!
I’ll see you again in a few days!
Until then,
Inspired Analyst - signing off!
Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.