Crypto in Flux: SBF Arrest, Visa Embraces Ethereum, While Cardano, Coinbase, and Solana Forge Ahead
The AltcoinDaily YouTube channel has shared an update on the latest happenings in the crypto world, presenting both uplifting and concerning news as usual.
The crypto world witnessed the jailing of a prominent figure, Sam Bankman Fried, for alleged witness tampering. The founder of FTX, once a towering figure in the crypto space, now awaits a trial that promises to be one of the most significant in recent times. The case highlights the importance of transparency and integrity in the rapidly evolving digital currency landscape.
On a brighter note, global payment technology leader, Visa, is making strides in integrating Ethereum into its payment systems. The successful test that enables users to pay Ethereum gas fees with their Visa cards is a testament to the growing acceptance and mainstream adoption of cryptocurrencies.
Visa has successfully tested a solution that allows users to pay Ethereum gas fees using their credit or debit cards. This is part of Visa’s ongoing work with Ethereum. The solution aims to simplify the process of interacting with decentralized applications on the Ethereum blockchain.
Meanwhile, Cardano, a blockchain platform, is gaining traction with a significant uptick in transactions. Cardano’s blockchain transactions increased by nearly 50% in Q2 of 2023, due to network upgrades and an influx of new users. The growth was attributed to technical improvements and a rise in developer interest.
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Show more +Coinbase, a leading cryptocurrency exchange, is also making waves with its Layer 2 Network, BASE. With a burgeoning user base, the platform offers a plethora of features, from token swaps to NFT minting, showcasing the diverse possibilities within the crypto realm. BASE, has seen significant user activity, with 136,000 daily active users.
Lastly, Solana’s innovative Crypto Saga smartphone, designed for the crypto-savvy user, has become more accessible with a notable price reduction. Solana’s $1,000 Crypto Saga smartphone has seen a price reduction to $600. The phone comes with 16 decentralized applications, providing users with a mobile-first method to manage their crypto and NFT holdings.
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