2024-05-08

Author

Fernando Fierro
May 08, 2024

Howdy folks,

Coinbase's CEO, Brian Armstrong, suggests that supporting pro-crypto politicians is the key to curbing regulatory backlash against crypto. 🏛️

He argues for a push towards political advocacy following the SEC's recent targeting of Robinhood.

This marks another chapter in the saga of crypto firms clashing with U.S. regulators, emphasizing the need for clearer laws and less hostile enforcement to protect innovation in the space.

In other news:

🐕 Shiba Inu's partner, K9 Finance, is gearing up to roll out its BONE Crusher staking platform, designed to enhance liquidity on the Shibarium Layer-2 blockchain.

This move mirrors Ethereum's Lido Protocol and is set to multiply staking options and rewards, showing Shiba Inu's commitment to bolstering its blockchain ecosystem despite recent dips in token prices.

🎓 Over at Bitget, they've celebrated a milestone with their Blockchain4Youth initiative, issuing over 2,000 free blockchain certificates in the last year.

This program aims to equip students globally with foundational blockchain knowledge, tapping into a job market hungry for expertise in technologies like smart contracts and decentralized applications.

🚫 Lastly, Nigeria is making headlines with plans to ban the use of its currency, the Naira, on peer-to-peer crypto platforms.

This comes amid concerns over currency manipulation and is part of broader regulatory measures that could reshape local crypto trading.

This move highlights the ongoing global debate around cryptocurrency regulation and its impact on local economies.

DailyCoin Daily Meme

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Ethereum Network Sees Largest Single-Day Growth in Two Years in Bullish Sign for Price

Ethereum network is showing signs of strength with recent significant spikes in network growth, first at the end of April 2024 and now over the weekend.

Here’s How Axelar Intends To Connect Bitcoin, Over 65 Other Blockchains With Its Amplifier

Axelar has unveiled a new product called Interchain Amplifier that intends to democratize the process of joining its ecosystem of supported chains.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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