Express Crypto News: 60-Second Recap, August 17th 2023

Blockchain Bylines

Last week in crypto, Cardano's price remained in the red despite significant market activity by both large investors and aggressive traders. Binance announced multiple pair delisting, while reports have surfaced showing Donald Trump as an Ethereum whale.

PayPal has suspended crypto purchases in the UK, affecting users' ability to buy and sell digital assets. This move temporarily halts a convenient crypto avenue for UK customers, with PayPal committing to the return of the service in 2024.

A new lobbying group, the Crypto Mining Advocacy Coalition, has emerged in Washington to represent the interests of cryptocurrency miners. Focusing on regulatory policies, the group aims to influence discussions and decisions surrounding crypto mining, signaling an effort to shape favorable regulations for the industry within the U.S. capital.

Cube3AI, a web3 security startup, has come out of stealth mode with $82 million in seed funding. The company aims to enhance security within the decentralized web space, leveraging advanced technologies to protect users and platforms. The substantial seed funding reflects growing investor interest in safeguarding the evolving web3 ecosystem.

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