Google Invests In Blockchain

Jeffrey Craig

Updated on 2022-08-17 08:57:30

1-3m

august-17-daily-update

Main Takeaway: Biden Signs Inflation Reduction Act, Markets Jump

Yesterday US President Biden signed into law the Inflation Reduction Act. This is coming off of two days of relatively muted stock market action and crypto. However, after the action, markets recovered some of their intra-day’s losses. Crypto on the other hand has recovered 1%, but is still below the recent weekend’s highs.

Key Stories: Google Invests The Most In Blockchain

Since September 2021, Google has invested over $1 billion into blockchain and crypto technologies. This news story builds on top of last week’s headlines of BlackRock opening up its institutional clients to Bitcoin.

Biggest Companies Investing In Blockchain

This is bullish news for the industry-wide adoption of blockchain. Although blockchain is separate from crypto, among Google’s investments into blockchain are indeed crypto and Web3 VCs and big players like Dapper Labs and Digital Currency Group.

Today’s Top Gainers

The top five performing coins on Phemex d-o-d are Eos (EOS/USDT), Injective (INJ/USDT), BarnBridge (BOND/USDT), Jasmy (JASMY/USDT), and Lumerin (LMR/USDT).

For any inquiries contact us at support@phemex.com

Follow our official Twitter | Join our community on Telegram

Trade crypto on the go: Download for iOS | Download for Android

Phemex | Break Through, Break Free

Disclaimer

This content provided on this page is for informational purposes only and does not constitute investment advice, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. For further information, please refer to our Terms of Use and Risk Disclosure

Google Invests In Blockchain

Main Takeaway: Biden Signs Inflation Reduction Act, Markets Jump

Key Stories: Google Invests The Most In Blockchain

Today’s Top Gainers

Related articles

The $116K rsETH Exploit That Shook DeFi — And How the Industry Is Fighting Back

Why ZBCN Is the Breakout Crypto Everyone Is Searching in 2026 — Zebec Network Explained

The SEC Announced a Tokenization Sandbox and Here Is How It Works and Who Can Apply

Powell vs Warsh and What Changing the Fed Chair Means for Bitcoin Over the Next 12 Months

The Push to Make Bitcoin Tax-Free for Everyday Purchases Got Its Biggest Boost at Bitcoin 2026

The SEC Chair Spoke at a Bitcoin Conference for the First Time in History and Here Is What He Said