Google Cloud, the cloud computing service of the tech giant, has partnered with Tezos to become a validator on its network. The collaboration between the two will allow Google Cloud's corporate customers to deploy Tezos nodes to develop Web3 apps on the Tezos blockchain. More: - Google Cloud will not receive any transaction fees from its corporate customers.
- Also, startups will be able to access free Google Cloud server space and mentorship from the tech giant while developing apps on Tezos.
- Tezos' open-source blockchain is used by renowned brands and agencies, including Ubisoft, Deloitte, and the California Department of Motor Vehicles (DMV).
Zoom Out: - The node in the blockchain ecosystem refers to a type of computer that operates a blockchain's software to verify and store the transaction history.
- In 2022, Google's cloud computing unit also introduced its Blockchain Node Engine, where developers can access blockchains using the tech giant's servers.
- The node-hosting service currently only supports Ethereum and Solana blockchains.
| |
Coinbase, the world’s second-largest crypto exchange by trading volume, reported $605M in net revenue for Q4 in its earnings call. The net revenue increased by 5% from $590M in the previous quarter and surpassed analysts’ expectations of $588M. More: - In Q4, Coinbase users carried out $322M of transactions, a 12% decrease compared to Q3.
- The platform’s subscription and service revenues saw a 34% quarterly growth and reached $283M, accounting for nearly 50% of overall revenue in Q4.
- In its shareholder letter, the company said it gained $120M through transactions in January 2023.
- The crypto exchange also added that it expects more crypto regulations worldwide in the coming year, accusing the U.S. regulators of having a disjointed approach to crypto regulation.
- Coinbase shares fell 67% over the last 12 months, mainly with the impact of the crypto winter that heightened in 2022.
| |
 A message from COW.FI Your worst price on CoW Swap is the best price anywhere else! CoW Swap: the smartest way to trade. CoW Swap is a decentralized exchange that allows you to swap tokens on Ethereum & Gnosis Chain at the best rates. It’s powered by CoW Protocol, which employs a series of algorithms known as “solvers” that compete amongst themselves for the right to settle your trade. Solvers are developed and maintained by professional 3rd party executors that get rewarded for each trade they execute, so they’re incentivized to always try to find the best price for you. When you win, they win. Benefits of CoW Swap include: - Lower prices
- Protection from MEV
- ETH-less trading
- Executing many orders at once
- Safe and reliable
Start Trading
| |
Solana Spaces announced plans to close its two Solana-themed retail stores in Miami and New York City at the end of February, only seven months after opening. The stores were opened by Vibhu Norby to offer a more face-to-face experience to people interested in NFTs. More: - The Solana Foundation, the Solana-based wallet provider Phantom, and the crypto exchange Orca were all among the sponsors of the project.
- In Solana Spaces, visitors found many opportunities, like in-person wallet onboarding training, earning rewards, purchasing items, and attending events.
- Norby said Solana Spaces is closing the stores to move its investment focus to DRiP, the project’s new online NFT artwork airdrop platform.
- The founder also stressed that the experiment was part of a larger strategy to bring in new users to the Solana and Web3 ecosystem.
- According to Norby, Solana Spaces onboarded 500 to 1,000 people weekly, and a total of 75,000 people entered the stores to date, much below Norby’s target of 100,000 monthly visitors.
| |
Payments services giant Mastercard has signed a deal with Web3 payment protocol Immersve to allow users to pay with crypto using USD Coin (USDC). After the payment, USDC tokens will be converted to a fiat currency, and transactions will be settled on Mastercard’s network in real time. More: - Payments with USDC can be made in the digital, physical, or metaverse worlds.
- Users can send crypto funds directly through their existing Web3 wallets, eliminating the need for a third-party platform.
- By collaborating with a third-party settlement provider, Immersve will enable USDC purchases for its customers.
Zoom Out: - Mastercard previously partnered with crypto exchange Binance to launch a prepaid card that can be used in acceptor stores in Brazil and Argentina.
- At the time, the company stated that it aimed to build a bridge between conventional finance and the crypto industry through its partnership with Binance.
| |
 A message from VANTA Compliance doesn’t have to be complicated. In fact, with Vanta, it can be super simple. Trusted by thousands of SaaS companies, Vanta automates the pricey, time-consuming process of prepping for SOC 2, ISO 27001, HIPAA, and more. With Vanta, you can save up to 400 hours of work and 85% of costs. Win more deals and enable growth quickly, easily, and without breaking the bank. Check out their on-demand demo to learn why 4,000+ fast-growing companies chose Vanta as their trusted partner. Watch Now
| |
Former FTX CEO Sam Bankman-Fried's (SBF) attorneys have opposed the subpoena sent by bankrupt crypto lender Voyager Digital's creditors, claiming that the order was not properly served. The popular crypto figure's legal defenders requested a federal judge in California to quash the order. More: - Attorneys also cited the Fifth Amendment, also known as the right to remain silent, to block the summons.
- The subpoena requires SBF to appear in court remotely on Feb. 23 and to provide 49 separate requested documents by Feb. 20.
- The order also summons other top FTX executives, including FTX co-founder Gary Wang, FTX's head of product Ramnic Arora, and Alameda Research CEO Caroline Ellison, with a deadline of Feb. 17 for delivering requested information.
Zoom Out: - The subpoena served to SBF is mainly related to FTX's attempt to acquire Voyager Digital after the crypto lender declared bankruptcy in July 2022.
- FTX US announced it would buy Voyager Digital for $1.5B in September last year before filing for bankruptcy itself in November.
| |
The Bank of Israel, the country's central bank, has published its proposed rules to regulate stablecoins. The agency said the recommendations focus on risk management, prudential requirements, and consumer protection. More: - The document proposes 100% reserve requirements for stablecoins, meaning that stablecoin issuers in the country will have to maintain reserves in a way to be equal to the amount of crypto in circulation.
- The recommendations also include a requirement for a license for the stablecoin issuers to operate in the country.
- If approved, the new rules will also divide the supervisory responsibilities among several regulators.
- The bank will receive public comment by March 15 and then suggest legislation to the Israeli government by making the necessary revisions.
Zoom Out: - Hong Kong also plans to regulate stablecoins this year.
| |
Quick Hits: *This is a sponsored post.
| |
Upcoming events at Inside:
| |
 |  | Doga is a tech and science editor who has been writing news for nearly 10 years. She worked for leading tech platforms and mainstrem media channels as an editor and presenter throughout his career. Then, she carried her know-how to more than one platform. She is a part-time cat lover and binge-watcher, and also fond of science, space, and emerging tech. She always has a story to tell. She is a bit addict to the laughter and -unfortunately- the '90s culture. |  | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
| |
Compliance doesn’t have to be complicated. With Vanta, you can save up to 400 hours and 85% of costs. | |
Comments
Post a Comment