The International Monetary Fund (IMF) has taken a seemingly tough stance toward growing cryptocurrency adoption, with a set of recommendations and a call for a “coordinated response.”
Nasdaq-listed cryptocurrency exchange Coinbase has announced the testnet launch of Base, a layer-2 network built using Optimism’s OP Stack, which offers “a secure,low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps or “dapps” onchain.”
Block’s Cash App generated $7.11 billion of Bitcoin-related revenue throughout the full year of 2022, down 29% from the previous year. That revenue generated $156 million in gross profit, down 28% from the previous year.
Top stories in the Crypto Roundup today:
- IMF Calls for ‘Coordinated Response’ to Crypto
- Coinbase Launches Layer-2 Network Base
- Block’s Bitcoin Revenue Dropped 28% Last Year
- CryptoCompare's Digital Asset Summit, CCDAS, Returns!