Published October 16, 20222 min read

Weekly Update 1

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Google to add cryptocurrency payments for Cloud services.

Google has partnered with one of the biggest cryptocurrency exchanges, Coinbase. The goal is to add cryptocurrency payments for Cloud services. Payments in cryptocurrency for Google’s cloud services are available for early 2023.

Binance burns over $500 Million in BNB tokens

Binance has completed its 21st quarterly BNB burn, with the BNB amount being over 2 million BNB tokens, worth approximately $563 Million. This major burn also helped BNB to recover from the recent exploit that BNB chain has suffered. However, the latest burn amount is higher than the funds hacked, making it an excellent recovery.

Tether (USDT) Sells all of its Commercial paper

To be more transparent about its reserves, the biggest stablecoin, Tether has announced they have eliminated all commercial paper, replacing them with more secure U.S. Treasury bills.

Bored Ape NFT creator under investigation by the SEC

Bored Ape Yacht Club is now being investigated by The U.S. Securities and Exchange Commission (SEC) over the sales of its NFTs and the distribution of APECOIN, which is affiliated with BAYC and is set to become the native currency of a metaverse game made by the creator of Bored Ape Yacht Club, Yuga Labs.

Huobi founder sells entire stake in his company

Huobi cryptocurrency exchange founder Leon Li Lin is selling his entire stake to Capital Management, an asset management company in Hong Kong.

Binance announces funding for Bitcoin mining

Binance Pool has announced a $500 Million funding amount for Bitcoin mining to help miners get through the tough bear market.

Bitcoin supporters want Satoshi Nakamoto to receive The Nobel Prize in Economic Sciences.

Bitcoin fans have launched a campaign for Satoshi Nakamoto to receive The Nobel Prize, a tradition that happens every year.

Coinbase CEO To Sell 2% Stake for Science and Tech Development

The CEO of Coinbase, Brian Armstrong, has announced he will sell 2% of his stake over the upcoming year to fund science and tech development research.

MetaMask adds an option to buy cryptocurrency via bank transfer.

MetaMask has added a new feature for its wallet users. People in the U.S. will now be able to buy cryptocurrency with MetaMask via bank transfers.

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