CryptoSlate Wrapped Daily: Robinhood launches self-custody wallet; Poop emoji Ordinal sold for $28k

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The most important news in the cryptoverse for mar. 1 saw robinhood introduces its self-sufficiency portfolio to the Apple app store. Elsewhere, huobi sunshine justin and tron celebrity has called for unified regulation in the crypto industry. More, news about the BINANCE art ai generator, a digital American dollar and bus volumes from the currency base.

Robinhood’s self-custody wallet launches on iOS

Crypto exchange platform Robinhood‘s wallet application launched on the iOS application store on Mar. 1, according to the announcement published on the Robinhood blog.

The announcement states that the users can earn a one-time reward of up to 5 USD Coin (USDC) if they transfer $10 to the wallet app using their Robinhood Crypto wallets. If users launch the transfer from another portfolio or trade, they can claim a reward of 1 USDC to do so.

Robinhood’s wallet application currently supports Polygon (MATIC) and Ethereum (ETH) networks, with the expectation to increase the number of supported chains in the future. It also supports NFT on both the topic and the eth channels.

Sun calls for a unified crypto control.

Tron DAO (TRX) founder and Huobi Global adviser Justin Sun said regulations are beneficial for the crypto industry. and added that a globally unified rule would complement the spirit of blockchain in an exclusive interview he gave CNBC.

Sun explained that blockchain technology has emerged to establish a worldwide standard for financial interactions, so an international regulatory framework would be a good fit for the crypto industry.

Former Biden adviser urges development of digital dollar to ‘crowd out’ private crypto

Former Joe Biden administration adviser Daleep Singh told the senate banking committee on Feb. 28 as the development of a digital currency of central bank—i.e. a digital dollar—would serve to protect the national interest and replace private cryptocurrencies.

Mr. Singh previously held the position of Assistant National Security Advisor on International Economic Issues and Assistant Director of the National Economic Council. He was a key player in the sanctions imposed on Russia after its invasion of Ukraine.

In answer to Elizabeth Warren's questions, singh said that crypto enabled bad actors to carry out some financial crimes such as ransomware and agreed that they would not be possible without cryptocurrencies.

Binance’s AI NFT generator gets overwhelmed by requests within an hour of launch

Binance CEO Changpeng Zhao, popularly known as ‘CZ,’ announced the launch of the beta version of an artificial intelligence (AI) generator of non-fungible tokens (NFTs), Bicasso, on March 1.

However, less than one hour after the announcement, the AI tool received more applications than it was able to process. The tool began asking, "Too many applications in the queue, please try again later."

BUSD’s trading volume dropped to lowest point in February on Coinbase

Binance USD (BUSD) stablecoin trading volume dropped to its lowest point since COINBASE listed it in April 2022.

According to Kaiko Dessislava Ianeva's research analyst, the turnover of stablecoin in February amounted to 9 million dollars. Ianeva further stated that BUSD represented only 0.02% of the total volume of Coinbase.

During the last month, the BUSD underwent a rigorous regulatory review. On Feb. 13, BUSD issuer Paxos was ordered to stop other mints of the stablecoin by the New York Department of Financial Services (NYDFS).

Poop emoji Bitcoin Ordinal is selling for $28,000 - laundry business or legitimate?

A Bitcoin Ordinal depicting a poop emoji was sold for 1.2 BTC — equivalent to roughly $28,000 as of press time — on March 1.

The ordinal is labeled Inscription #121 and was minted on block 773820.

It is not clear if the transaction was a lawful sale or an attempt to launder interest in the global and ordinal nft ecosystem.

Quantum Temple enters NFT partnership with Indonesian Ministry of Tourism

When it comes to blockchain and cultural heritage, few have greater expertise on this matter than Linda Adami, an alma mater of the Dubai Future Foundation’s innovative accelerator program, Adamis is today working at the forefront of blockchain technology and sustainable tourism.

'Cultural heritage is unbelievably underfunded,' she told CryptoSlate in an interview on 1 March. “But what if we can create immutable archives of culture using NFTs, and use them toward developing a new model for incentivizing current and future generations to stay involved in cultural heritage.”

Indian exchange Bitbns admits it was hacked for $7.5M last February

Crypto sleuth who goes by ZachXBT on Twitter, claimed that Indian crypto exchange Bitbns covered up a hack under the guise of “system maintenance” on Feb. 1, 2022. Zachxbt shared a screenshot of bitbns' maintenance tweet during which the exchange was hacked, he claimed on 1 March 2023.

CEO of bitbns gaurav dahake admitted into a ama today that the swap was actually hacked 13 months ago. But dahake said the system was taken offline to analyze abnormalities and was not a tact to hide the hack.

Yield Farming Sector up 8% according to CryptoSlate data

Yield farming platforms and protocols surged 8% over the last 24 hours, with a total sector market cap now north of $10 billion.

The symbolic sector of return agriculture refers to a subset of the decentralized funding ecosystem (challenge) which emphasizes the provision of user incentives to provide liquidity to the different challenge protocols.

Chainlink launches web3 serverless developer platform to connect web2 APIs to web3

Web3 oracle provider Chainlink has unveiled a new serverless developer platform, ‘Chainlink Functions,’ on its Web3 services platform to empower developers to build decentralized applications and connect smart contracts to any web2 API.

In the last 24 hours, Bitcoin (BTC) rose 0.79% to trade at $23,411.43, while Ethereum (ETH) was up 1.15% at $1,640.63.