Grayscale won’t share proof of reserves, while Coinbase vouches for its products

    Grayscale Investments won’t show proof of reserves, citing “security concerns” after Bitcoin and Ether products fall to new all-time lows. Meanwhile, Coinbase testified to the security of Grayscale’s digital assets products held in Coinbase Custody, the WSJ reported. Crypto firms are under pressure now to share information about the health of their reserves after FTX…

    FTX is working on its own stablecoin, while Huobi delists HUSD

    FTX plans to issue its own stablecoin at some point, CEO Sam Bankman-Fried said without providing further details. He also hinted at a potential acquisition of the crypto exchange Coinbase. Meanwhile, crypto exchange Huobi said it would delist the stablecoin HUSD. Crypto exchange FTX is reportedly working on creating a stablecoin. In an interview with…

    Google to accept crypto payments for cloud services using Coinbase

    Google stated it will use Coinbase to accept crypto payments for cloud services early next year, CNBC reported. Google Cloud will let customers pay for its services using ten cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and Tether. Google announced the deal at Cloud Next, a conference where Google pitches its computing business to companies. According to…

    Coinbase to list AURORA, NEAR, and MXC, according to its listing roadmap

    Leading crypto exchange Coinbase is officially launching trading services for three digital assets – Aurora (AURORA), Near Protocol (NEAR), and Meta X Connect (MXC) – that were recently added to its listing roadmap. According to a recent announcement, Coinbase says that Aurora (AURORA) will be available with the “Experimental” label, which the exchange applies to…

    Crypto exchanges announce preparatory steps ahead of the Ethereum Merge

    Crypto firms and exchanges dealing in ETH have made announcements informing clients of any preparations needed ahead of the Merge, from proof-of-work (PoW) to proof-of-stake (PoS) consensus. While crypto whales are moving their ETH funds to exchanges as the shift approaches. Crypto exchange Binance has announced preparatory steps for the Ethereum Merge – expected to…

    Сoinbase announces liquid staking for Ethereum ahead of The Merge

    Coinbase announced it will launch its own liquid staking token, titled cbETH, which users can get in exchange for ETH that Coinbase will stake on the proof-of-stake version of Ethereum. Ahead of Ethereum’s Merge, the exchange aims to diversify the liquid staking market, which is currently single dominated by the Lido protocol.  On August 24,…