Computer Chip Giant Intel Buys Stake In Coinbase – August 16

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$47,336

Bitcoin price has kicked off the week above $47,000, reaching fresh new highs for the month.

Top-20 altcoins have been pushing ahead over the last 24 hours, as Ethereum gains 4%, Dogecoin rises 14% and Solana jumps by 37%.

Top Stories for August 16, 2021 🔥

👉 Computer Chip Giant Intel Buys Stake In Coinbase

Semiconductor chip giant Intel has disclosed that it owns shares in cryptocurrency exchange Coinbase, first reported by Barron’s.

The company now owns 3,014 COIN shares, which were most likely acquired in Q2 of this year. At the time of the news, Intel’s stake in Coinbase is valued at around $800,000.

👉 Polygon Acquires Rollup Platform Hermez Network For $250M

Polygon (formerly Matic Network) has acquired ZK-rollup platform Hermez Network in a $250 million deal, in what may be crypto’s first platform and token merger.

The platform’s tokens, MATIC and HEZ, will be merged, as will the two project’s teams. Hermez’s project will be merged into Polygon under the name “Polygon Hermez”.

👉 Walmart On The Hunt For Crypto Lead For Digital Currency Strategy

American retail giant Walmart is hiring for a cryptocurrency lead, who will “be responsible for developing the Digital Currency strategy and product roadmap”.

Walmart has previously shown interest in digital finance, including a 2019 patent for a digital currency backed by US dollars, as well as a fintech venture called “Hazel” created this year.