Coinbase launches global ‘think tank’ for crypto
Coinbase is launching a global think tank to shape the policy debate around digital assets. The Coinbase Institute will accelerate research on cryptocurrency and Web3 (a decentralized version of the internet). It will also spearhead discussions with policymakers and academics on the intersection of technology and finance.
Crypto prices today: Bitcoin falls 1.6%, ETH down 3.4%
Bitcoin is currently trading at $29,317.75, a 1.6% decline over the previous day. Ethereum fell 3.4% over the last 24 hours to $1,965.2. Solana fell 7.4% to $51.4, while Cardano is trading lower by 8% at $0.517. Avalanche (AVAX) crashed 12.68% to $29.27. The global crypto market cap stands at $1.24 trillion, a 3.28% decline over the previous day.
SEC Chair threatens action against unregistered crypto exchanges
Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), has cited concerns about crypto enforcement in its budget request for the next fiscal year. He referred to crypto markets as “highly volatile and speculative” and expressed the need for “new tools and expertise” to address enforcement.
‘Crypto bank’ Cashaa exits from Unicas in India
Cashaa, a fiat and crypto neo bank, announced its exit from Unicas, its maiden attempt to enter the personal crypto-banking market. In 2020, Unicas offered crypto-friendly INR Savings accounts to its customers in partnership with the United Multistate Co-op. Cashaa is expected to release its expansion plan for India soon.
Aave launches decentralized, NFT-based social media protocol
Aave has launched Lens Protocol, an NFT-based decentralized social media protocol that runs on the Polygon network. It can power an array of potential social media apps and services. It will allow users to own their content by storing it as non-fungible tokens (NFTs) within a crypto wallet.
