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Friend.Tech hype dies down as transactions and users drop 90%

BitClout-esque social network Friend.Tech is losing steam after a faddish start that saw it earn more than $4 million in fees in August.

ChainArgos: Coinbase’s layer 2 solution Base could be violating federal laws

The CEO of ChainArgos believes that Coinbase doesn’t operate a legal exchange and is violating the terms of its money transmitter licenses.

The most popular use for Base, Friend.tech, bears eerily similar features to BitClout, the failed social crypto experiment that’s down 95%.

Coinbase had claimed that, through crypto, it was creating more economic freedom for the world. Now it says it’s just selling Beanie Babies.

In a Q2 earnings call, Coinbase chief Brian Armstrong unexpectedly said that USDC was stronger now that Binance has liquidated.