Hot August for Ethereum Name Service, FIFA & Algorand, Binance ‘Not Chinese Company’ + More News

 

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. 

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Adoption news

• The Ethereum Name Service, an open and extensible naming system based on the Ethereum (ETH) blockchain, said it recorded ETH 2,744 (USD 4.4m) in revenue, which was its 3rd best month. Also, the services saw 301K new “.eth” registrations last month, almost hitting 2.17m names in total.  

NFTs news

• FIFA, an international governing body of association football, beach football, and futsal, said it launched Algorand (ALGO)-powered FIFA+ Collect, a platform allowing fans to own and collect FIFA World Cup™ and FIFA Women’s World Cup™ moments.  

Exchanges news

• Binance is not a Chinese company and was never incorporated in China, CEO Changpeng Zhao wrote in a blog post, reacting to a question by a former Washington Post journalist. “Nor do we operate like a Chinese company culturally. We have subsidiaries in many countries, including France, Spain, Italy, UAE, and Bahrain (to name a few). But we don’t have any legal entities in China, and we do not have plans to,” the CEO said.

Mining news

• US-based Bitcoin (BTC) miner CleanSpark said it mined BTC 395 this past August, or 109% more than in August 2021. Last month, the company sold BTC 388 for USD 8.9m to fund its growth and operations.

Career news

• As a result of a company restructure, social media giant Snap is sunsetting its Web3 team, Jake Sheinman, the co-founder of the team, said. He also left the company after working there for four years.