<![CDATA[<figure class="image"><img src="https://cimg.co/news/124485/328760/adobestock-286664985-edit.jpeg" srcset="https://cimg.co/news/124485/328760/responsive-images/adobestock-286664985-edit___media_library_original_881_648.jpeg 881w, https://cimg.co/news/124485/328760/responsive-images/adobestock-286664985-edit___media_library_original_720_530.jpeg 720w, https://cimg.co/news/124485/328760/responsive-images/adobestock-286664985-edit___media_library_original_600_441.jpeg 600w, https://cimg.co/news/124485/328760/responsive-images/adobestock-286664985-edit___media_library_original_300_221.jpeg 300w" width="881" class="content-img" alt=""><figcaption>Source: AdobeStock / prima91</figcaption></figure><p><i>Get your daily, bite-sized digest of cryptoasset and blockchain-related news &ndash; investigating the stories flying under the radar of today&rsquo;s crypto news.</i><br>__________</p><h2 id="exchange-news">Exchange news</h2><ul><li><a href="https://cryptonews.com/news/coinbase-launches-new-crypto-lending-service-for-institutional-us-clients.htm"><strong>Coinbase</strong></a> announced Phase II of its "Go Broad, Go Deep" strategy for international expansion. It <a href="https://www.coinbase.com/blog/announcing-phase-ii-of-our-international-expansion-strategy-83-of-major-hubs">stated</a> that Phase II will focus on acquiring licenses, registering, and establishing and strengthening operations in markets that are "enacting clear rules," with near-term priority markets comprising <a href="https://cryptonews.com/news/eus-first-spot-bitcoin-etf-goes-live-euronext-amsterdam-exchange.htm">Europe</a> (<a href="https://cryptonews.com/news/eu-commissioner-wants-digital-euro-project-approached-after-next-european-commission-2024.htm">EU</a> and <a href="https://cryptonews.com/news/travel-rule-enforcement-begins-for-crypto-firms-uk-heres-what-you-need-know.htm">UK</a>), <a href="https://cryptonews.com/news/coinbase-halts-usdt-trading-for-canadian-users-starting-august-31.htm">Canada</a>, <a href="https://cryptonews.com/news/brazilian-football-legend-ronaldinho-denies-crypto-scam-accusations.htm">Brazil</a>, <a href="https://cryptonews.com/news/southeast-asias-super-app-grab-joins-web3-movement-introduces-blockchain-rewards.htm">Singapore</a>, and <a href="https://cryptonews.com/news/aussies-paid-understand-crypto-market-recognize-scam-coins-swyftx.htm">Australia</a>. "We&rsquo;re in the final stages of selecting the location of our <a href="https://cryptonews.com/news/france-amends-crypto-regulatory-framework-line-with-mica-licensing-rules.htm">MiCA</a> hub in the EU," it said. The exchange will also work on expanding products and services globally, establishing partnerships and initiatives with banks, as well as working with <a href="https://cryptonews.com/news/key-g20-policy-paper-suggests-against-blanket-crypto-ban-calls-for-comprehensive-regulatory-oversight.htm">G20</a> members and major financial hubs to help build consensus and create global standards for the industry, it said.</li></ul><h2 id="investment-news">Investment news</h2><ul><li><strong>Coinbase Ventures</strong> allocated its initial round of investments from the <strong>Base Ecosystem Fund</strong> into six projects: <strong>Avantis</strong>, <strong>BSX</strong>, <strong>Onboard</strong>, <strong>OpenCover</strong>, <strong>Paragraph</strong>, and <strong>Truflation</strong>. The team received over 800 applications, the announcement <a href="https://base.mirror.xyz/yxd0L-FlWCto53pDaxIkEBdkgavvXJk4S3O_5-I33No?ref=ethdaily.io">said</a>, but it did not disclose investment amounts. The Base Ecosystem Fund was launched earlier this year to invest in the next generation of onchain projects building on Coinbase's <a href="https://cryptonews.com/news/velodrome-introduce-aerodrome-dex-coinbases-base-network.htm"><strong>Base</strong></a> network, it added.</li></ul><h2 id="legal-news">Legal news</h2><ul><li>Crypto startup <a href="https://cryptonews.com/tags/lbry/"><strong>LBRY</strong></a> <a href="https://storage.courtlistener.com/recap/gov.uscourts.nhd.56253/gov.uscourts.nhd.56253.111.0.pdf">appealed</a> a decision by a court that it failed to register with the US <strong>Securities and Exchange Commission</strong> (<a href="https://cryptonews.com/news/us-senator-says-lack-of-regulatory-clarity-driving-crypto-outside-us.htm">SEC</a>). "On November 7, 2022, the Court granted Plaintiff Securities and Exchange Commission&rsquo;s Motion for Summary Judgment (Doc. 55) and found Defendant LBRY, Inc. (&ldquo;LBRY&rdquo;) liable for violating Section 5 of the Securities Act of 1933," the ruling had <a href="https://storage.courtlistener.com/recap/gov.uscourts.nhd.56253/gov.uscourts.nhd.56253.110.0.pdf">said</a>.&nbsp;</li></ul><h2 id="mining-news">Mining news</h2><ul><li>Bitcoin <a href="https://cryptonews.com/news/bitcoin-miner-riot-platforms-smart-energy-strategy-yields-31-million-savings.htm">miner</a> <strong>Riot Platforms</strong> <a href="https://www.riotplatforms.com/news-media/press-releases/detail/159/riot-announces-august-2023-production-and-operations-updates#:~:text=%E2%80%9CRiot%20achieved%20a%20new%20monthly,equated%20to%20approximately%201%2C136%20Bitcoin.">said</a> that the power grid operator <strong>Electric Reliability Council of Texas</strong> (ERCOT), US, paid the company $31.7 million in energy credits last month to cut its energy consumption, saying that based on the average price in August, Power and Demand Response credits received equated to approximately <a href="https://cryptonews.com/tags/bitcoin/">BTC</a> 1,136. "Texas experienced another month of extreme heat in August 2023, causing demand for electricity to spike, in some cases approaching total available supply. Riot continued to execute its power strategy by curtailing its power usage by more than 95% during periods of peak demand," the company <a href="https://www.riotplatforms.com/news-media/press-releases/detail/159/riot-announces-august-2023-production-and-operations-updates">said</a>.&nbsp;</li></ul><h2 id="regulation-news">Regulation news</h2><ul><li>The <strong>International Monetary Fund</strong> (<a href="https://cryptonews.com/news/imf-highlights-climate-change-daos-as-major-threats-marshall-islands.htm">IMF</a>) and the <strong>Financial Stability Board</strong> (<a href="https://cryptonews.com/tags/fsb/">FSB</a>) warned against total crypto <a href="https://cryptonews.com/tags/ban/">bans</a>. They argued that it could not work given that crypto doesn't abide by borders. Their joint <a href="https://www.fsb.org/2023/09/imf-fsb-synthesis-paper-policies-for-crypto-assets/">report</a> recommended targeted restrictions, sound monetary policies, licensing crypto service providers, and implementing the Financial Action Task Force&rsquo;s (FATF) anti-money laundering and counter-terrorist financing (AML/CFT) standards.&nbsp;</li></ul><h2 id="career-news">Career news</h2><ul><li><strong>Finery Markets</strong>, an OTC multi-dealer electronic marketplace for crypto businesses and institutions, announced a further appointment to its leadership team: Krish Chatterjee joined as an advisory member for business development in Asia-Pacific (APAC). Chatterjee previously held positions as a BD Consultant at <strong>Infinito Blockchain Labs</strong> and as an International Sales &amp; BD Manager at <strong>DTCO</strong>, where he collaborated with local partners to devise sales strategies and promote <a href="https://cryptonews.com/news/southeast-asias-super-app-grab-joins-web3-movement-introduces-blockchain-rewards.htm">blockchain</a> solutions in various industries, an announcement said. Additionally, Chatterjee offers mentorship to blockchain projects, "leveraging his extensive knowledge of tokenization and launch processes gained from working in the Web3 space," it added.</li></ul>
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Today in Crypto: Coinbase is in 'Final Stages of Selecting Its EU Hub Location', Six Projects Get Investments from Base Ecosystem Fund, LBRY...

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