Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Greek Billionaire Launches Hemp-Backed Token and Dedicated Exchange
Greek billionaire and television director Alki David and his Swiss consortium launched cannabis-backed token SWX Coin, according to a press release published on July 25.A cannabis-backed token on the BTC chainPer the release, the consortium also launched the Swissx Bank of Cannabis to operate the token. The exchange will be based in Gstaad, Switzerland, and…

Avalanche aims to accelerate subnet adoption with multiverse incentive program
Avalanche Foundation director Emin Gün Sirer says that subnets may be the next big thing in blockchain technology. 410 Total views 9 Total shares Blockchain network Avalanche announced the launch of Avalanche Multiverse, an incentive program that will accelerate the adoption of subnets that are app-specific blockchain ecosystems.According to the director of Avalanche Foundation, Emin…

Layer-2 project exec zooms in on the capabilities of Ethereum scaling solutions
Metis co-founder Elena Sinelnikova delves into the world of layer-2 blockchain technology, and its potential to transform how we interact, collaborate and build the decentralized economy of the future. 239 Total views 2 Total shares Own this piece of history Collect this article as an NFTIn episode 13 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu…

Japanese Residents Have Cash to Spare, But is it Going into Crypto?
The Bank of Japan reported the supply of money stock in circulation increased 6% in June following the receipt of economic relief payments. 2184 Total views 26 Total shares Investors in Japan increased their crypto holdings during the early stages of the pandemic before the government issued economic relief payments. According to a July 13 report…

Backlash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express
Backlash to WasirX’s “socialized loss” strategy, Philippines wants Binance off app store, Japan’s metaverse plan for shut-ins. Asia Express.

SEC ‘regrets any confusion’ from dubbing tokens as securities: filing
The retraction arose from the SEC’s lawsuit against Binance, but the agency is still pursuing claims against the crypto exchange for alleged securities law violations.

Winklevoss’ Gemini crypto exchange launches ‘Earn’ offering
Gemini’s new interest-earning program allows customers to earn interest on 26 crypto assets supported by the platform. 2361 Total views 12 Total shares Gemini cryptocurrency exchange has launched an interest-earning program for customers in the United States.Dubbed Gemini Earn, the program lets customers earn up to 7.4% annual interest on all cryptocurrencies supported by Gemini,…

Listing an altcoin traps exchanges on 'forever hamster wheel' — River CEO
River Financial CEO Alex Leishman argues that once an exchange lists ETH and SOL, it “makes no sense” not to list related crypto tokens from their ecosystems. 276 Total views 1 Total shares When a cryptocurrency exchange lists its first altcoin, it sets itself up for an endless cycle of launching memecoins, warns a Bitcoin-only