Crypto Daily / AUGUST 29, 2018

Some of the best and most meaningful crypto news of the day.

Binance Backs $32 Million Funding for Unicorn Founder's Crypto Stablecoin
Yet another stablecoin is attracting big investors.

Announced Tuesday, the founder behind a $1.4 billion startup unicorn called TMON is revealing he has raised a$32 million seed round to build a stablecoin called Terra. But while a number of startups have deployed stablecoins – cryptocurrencies engineered to track the price of another asset, usually fiat currency – Terra comes with a notable addition: an existing user base.

https://www.coindesk.com/binance-polychain-back-32-million-tmon-crypto-stablecoin-terra/

Source: coindesk.com

California Legislature Finalizes Blockchain Working Group Bill

California may soon be forming a working group to examine the potential benefits of blockchain to the state – and how best to update laws to make use of the technology.

https://www.coindesk.com/california-legislature-finalizes-blockchain-working-group-bill/

Source: coindesk.com

Korean Crypto Exchange Bithumb to Restart User Registrations

Bithumb, one of the largest cryptocurrency exchanges in South Korea, is reportedly renewing its contract with the country's Nonghyup Bank – a move that will allow the firm to once more accept new account registrations.

https://www.coindesk.com/bithumb-to-restart-user-registrations-as-bank-agrees-contract-renewal/

Source: coindesk.com

Coinbase Survey Shows 18% of US Students Now Own Cryptocurrency

University students are clamoring for more courses about cryptocurrency and blockchain technology.

https://www.coindesk.com/crypto-blockchain-class-universities-coinbase/

Source: coindesk.com