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Jesse Pollak, Coinbase protocols lead, has clarified the "permissionless" nature of Coinbase’s Layer 2 blockchain, Base, on X (formerly Twitter).
Responding to Gnosis founder Martin Köppelmann's concerns about Base’s centralization, Pollak emphasized that Coinbase doesn't have unilateral control over contracts or the ability to freeze funds on the network.
Despite being the sole operator of Base's sequencer, Pollak insists that the platform aims to be open, permissionless, and decentralized. 
The U.S. Federal Reserve's instant payment system, FedNow, has highlighted Dropp, a micropayments platform built on Hedera Hashgraph, in its Service Provider Showcase.
This section connects financial institutions with providers that can assist in implementing instant payment products using FedNow. Dropp offers a digital solution for merchants to accept payments at reduced costs, leveraging DLT and banking tech.
While this suggests the Federal Reserve's growing interest in DLTs, FedNow clarifies that the showcase is merely for convenience and doesn't imply endorsement. 
The UK's Financial Conduct Authority (FCA) has disclosed details concerning the approval process for registrations of cryptocurrency-related companies. Since the beginning of 2020, out of 291 applications received, only 38 have met the criteria for approval.
This culminates in an endorsement of only 13% of the requests. Meanwhile, 155 were retracted, often on the advice of the FCA, for re-submission at a later date when in better adherence to the requisite standards.
In the UK, cryptocurrency companies must be formally registered with the FCA to conduct their activities within the bounds of the law. 
Coinbase, the cryptocurrency exchange, has joined forces with Peoples Trust Company. This collaboration facilitates access to the Interac e-Transfers system, streamlining deposit and withdrawal processes for its Canadian user base.
What's more, they're gifting users a one-month free gateway into the Coinbase One subscription. This means no trade-related fees, amplified staking profits, and swift client support.
"Canada is well positioned to be a global leader in the cryptoeconomy thanks to the high levels of crypto awareness, a passionate local tech ecosystem, and the progress towards a strong regulatory framework," voiced Nana Murugesan, the International Development VP at Coinbase. 
Hayden Adams, the founder of Uniswap Labs, has dismissed a developer known by the pseudonym AzFlin following allegations of creating a FrensTech meme coin and then withdrawing liquidity shortly after its launch.
Preliminary damages are estimated at 14 wETH, equivalent to approximately $25,830. Adams stressed that the company does not condone such actions and, therefore, felt compelled to respond accordingly.
The developer denies the accusations of fraud and describes the situation as FUD. According to him, he only withdrew 1 ETH from the liquidity pool, which he had initially provided from his own funds. 
In the Argentine primary elections, Javier Milei, a candidate who supports Bitcoin and vehemently opposes the Central Bank, has garnered most of the votes.
He's not shy about criticizing the Central Bank, dubbing it a conduit for politicians to exploit Argentinians via inflation.
Milei is convinced that the salvation lies in Bitcoin, which can instill privacy back into finances.
Simultaneously, Bitcoin has hit a fresh historical maximum value when measured in Argentine peso. 
Pavel Durov, the founder of the network, sent out warm wishes to all users from his channel.
Some highlights:
Telegram’s decade-long marathon has culminated in a robust 800 million active user base, all achieved advertisement-free;
The next ambition is to exceed basic communication and metamorphose into something transcending a mere social platform.
The next 10 years promise the unfolding of Telegram’s full promise.
Celebrating this landmark! Our journey lacks essence without you! 
John Reed Stark, ex-chief of the SEC's Office of Internet Enforcement, believes the current SEC won't approve a Bitcoin spot ETF due to various reasons.
However, Stark suggests that if a Republican wins the 2024 presidential election, the SEC might ease its crypto-enforcement and be more open to a Bitcoin spot ETF.
He also speculates that SEC chair Gary Gensler might resign, potentially paving the way for Hester Peirce, known as "Crypto Mom", to take a leading role. 
Amid the unresolved dispute between Coinbase and the SEC, a number of esteemed legal academics have weighed in, penning a court statement in support of the cryptocurrency exchange.
Their stance is clear: an asset should only be deemed an investment contract if it promises profits, earnings, or assets from investments. Scholars assert that the court must strictly follow this legal definition, otherwise, it may jeopardize belief in existing securities laws. 
"Soho House, an elite club where memberships are priced between $2450 and $4800. What I did was create an AI model of a woman (based on ChatGPT), a marketing expert, who would invite young and affluent men for business meetups."
Success came without delay:
"The AI's efforts resulted in approximately 30,000 men accepting the invitation, bringing in about $90 million, as all of them had to secure a membership."
But that's not the end of Jack's endeavor; he aimed for personal gain:
"The main thing is, I managed all of this within a week, precisely when the company was to disclose its 2023 second-quarter gains, and in doing so, I bought options valued at $50,000."
In the end, Soho House's shares rose nearly 20%, and Jack's earnings were substantial. 
Football club Barcelona, an official partner of the cryptocurrency exchange WhiteBit, has divested some of its shares in Bridgeburg Invest.The aim? Raise funds for a new Web3 endeavor named Barca Vision.
This project is designed to become a hub for all club-related digital wonders, be it NFTs or metaverse explorations. 
The proposal to create a digital Euro by the European Union is facing academic skepticism, with some specialists forecasting its doom from the get-go.
Two economists from the University of Bern, Cyril Monnetm and Dirk Niepelt, have cited preset storage limits for users as a primary concern.
They also flagged the possible disinterest of banks in the digital Euro's success if it doesn't lead to significant revenue. Without the backing of commercial entities, they believe, widespread adoption might remain a distant dream. 
DeBank has introduced a new Layer-2 solution based on OP Stack for user experimentation. It's now live for testing, and the mainnet is slated for 2024.
According to an official briefing, developers have accomplished cost reductions ranging from 100 to 400 times for specific transactions, all the while targeting gas expenditure.
Besides, to fortify user defense and trim L1 data leaks, transactions will be signed with a specially devised second-tier private key. 
A New Zealand supermarket’s AI-powered meal planning app has concocted unusual and even hazardous recipes.
Developed by Pak ‘n’ Save, the app was meant to aid customers in creatively using leftover ingredients during the cost of living crisis. However, as users input a wider range of household items, the app offered increasingly questionable recommendations.
Suggestions included a bleach “fresh breath” mocktail, ant-poison and glue sandwiches, “bleach-infused rice surprise,” and “methanol bliss” – a peculiar turpentine-flavored French toast. 
This Sunday (August 13) marks the first deadline for the SEC to weigh in on ARK 21Shares' Bitcoin ETF application.
Weekend deadlines are tricky, but some analysts suggest the decision could drop today.
Analyst James Seyffart puts the odds of approval at less than 5%.
Keep an eye out for the next milestone: BlackRock's Bitcoin ETF deadline is September 2. 
The decision comes as its parent company, Digital Currency Group (DCG), is in talks to bring in strategic investors. CoinDesk's CEO, Kevin Worth, described the move as necessary for a "financially sound business" and to facilitate the sale of CoinDesk Inc.
This layoff affects 20 individuals, making up almost half of the editorial team. Earlier reports suggested CoinDesk was close to a $125 million deal led by crypto investor Matthew Roszak of Tally Capital. 
The Snapshot platform has recently showcased a proposal: allocate 1 million FRAX tokens from the treasury and use them to buy CRV tokens.
This, according to the initiative's creator, will fortify the community's foothold in DeFi for years to come and enhance liquidity for pairs involving FRAX. 
The BALD project’s scammer team managed to relocate 7000 ETH ($13 million) from Base network into Ethereum.
Not stopping there, they sent 2100 ETH (around $4 million) to the Kraken exchange, possibly gearing up for a grand withdrawal.
Want the full story on this crafty meme coin scam? Read all about it in our detailed article! 
Their economists anticipate a reduction in interest rates by late June next year, following a gradual quarterly decrease pattern.
“The cuts in our forecast are driven by the desire to normalize the funds rate from a restrictive level once inflation is closer to the target,” says Jan Hatzius, a senior economist at Goldman.
Goldman forecasts rate cuts in Q2 2024, expecting 25 basis point reductions per quarter with pace uncertainties.
“We expect the funds rate to eventually stabilize at 3-3.25%,” say their economists. The Masterpiece collection of 8 NFTs presents a fusion of renowned artworks and creations by emerging artists, all integrated with the iconic Coca-Cola bottle.
Timeless masterpieces such as “The Scream” by Edvard Munch, “Girl with a Pearl Earring” by Johannes Vermeer and “Bedroom in Arles” by Van Gogh harmonize with contemporary works by promising talents.
Mint value: 0.011 - 0.014 ETH Exploring Vulcan Forged (PYR): A Comprehensive Project Review
Vulcan Forged (PYR) stands as the native token of the blockchain-based game developer, trading hub, and dApps incubator, Vulcan Forged. Created in alliance with Polygon, it functions as the currency for all games and applications within the ecosystem. 
The ex-CEO of FTX will now be detained in a New York jail until his court hearings are complete.
The revealing of snippets from Caroline Ellison's diary to The New York Times, viewed as potential witness tampering, significantly impacted the verdict.
Additionally, he has reportedly breached house arrest guidelines by accessing VPN and Signal. Bittrex US's Alleged Bankruptcy: A Blow to the SEC
Instead of targeting market giants like Binance or Coinbase, the US Securities and Exchange Commission (SEC) directed its attention towards Bittrex, a smaller-scale crypto exchange. The aftermath of this conflict provides significant insights for the wider market. 
Despite advances in payment effectiveness and customer care, analysts Alkesh Shah and Andrew Moss from Bank of America think that PayPal USD (PYUSD) won't be widely adopted anytime soon.
They wrote, "Over the longer term, we expect PYUSD to experience additional adoption headwinds as competition from central bank digital currencies (CBDCs) and yield-bearing stablecoins increases." 
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