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π Binance Continues to Accumulate Ex-Regulators
π Binance Continues to Accumulate Ex-Regulators
Hope everyone is enjoying the meme week, Geckos.
Binance continues its hiring spree by acquiring the ex-head of Office of the Comptroller of the Currency, Brian Brooks.
During his time in the US government, Brooks published a number of interpretative letters on how national banks can interact with the cryptocurrency space.
Notably, he also oversaw conditional approval of the first federal bank charter to go to a crypto-native company.
Brooks will take up his position as CEO of Binance.US and is expected to draw from his previous experience as an ex-executive of Coinbase.
In today's news, Slim Jim capitalizes on Doge memes, WeWork accepts crypto, and Venmo offers crypto payment services.
Read on! | | |
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| | Have Some Slim Jims for your Post-Doge Day Blues
In recognition of Doge Day, Slim Jims a US-based meat snack company is also a proponent. announced that it would launch its own NFT.
The NFT consists of a Shiba Inu on the face of the moon underneath a rocketship with the body of the slender meat snack.
Notably, both Mars and Snickers have also joined the hype by pushing Dogecoin (DOGE) on social media and encouraging it to go "to the Milky Way".
Cointelegraph | | We Will Work Bitcoin
Office-sharing giant, WeWork is also boarding the Bitcoin (BTC) hype train.
Coinbase will be WeWork's first member company to facilitate cryptocurrency payments for its membership model.
Additionally, the company will hold the currency on its balance sheet and pay landlords and third-party partners in cryptocurrencies through Coinbase.
CoinDesk | | PayPal Flexes its Crypto Services through Venmo
Venmo, a P2P payment service that is owned by PayPal, begins its quest for crypto-payment dominance.
Users on Venmo may now instantly buy as little as $1 worth of BTC, Ethereum (ETH), Litecoin (LTC), or Bitcoin Cash (BCH).
This is purely done through the app where customers will also have the ability to use funds from their balance with Venmo, or a linked bank account/debit card.
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Proceeds will be donated to Mint.af & The Giving Block. | | | Application-Specific Integrated Circuit (ASIC)
Application-Specific Integrated Circuit (ASIC) refers to computer equipment that is specialized for a specific use, rather than general use. An example of ASIC would be Bitcoin mining machines that are made to solve the SHA-256 algorithm repeatedly and in orders of magnitude quicker than general use hardware (eg. graphic cards). Initially developed only for the Bitcoin algorithm, the development, sale, and usage of ASIC quickly became a lucrative industry as it expanded to cover many other cryptocurrencies. It is worth noting that ASICs are not used only in the crypto scene - appliances that are made to do specific functions can also be equipped with ASIC chips for efficiency purposes. Learn about other Crypto terms here | | | |
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