Home > Crypto in a Minute > Google Invests In Blockchain >

Google Invests In Blockchain

Author: Jeffrey Craig Date: August 17, 2022

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.zendesk.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
start trading start trading start trading

Register On Phemex Now To Begin Trading

Register On Phemex

More Articles

DOGE Soars On Twitter Payments Potential

DOGE Soars On Twitter Payments Potential

Jeffrey Craig | November 28, 2022

MetaMask & Infura’s New Data Policy

MetaMask & Infura’s New Data Policy

Jeffrey Craig | November 25, 2022

Fed Minutes Sends Conflicting Signals

Fed Minutes Sends Conflicting Signals

Jeffrey Craig | November 24, 2022

JP Morgan Crypto Wallet

JP Morgan Crypto Wallet

Jeffrey Craig | November 23, 2022

Subscribe Phemex

Get The Latest News And Updates From Phemex!

Get The Latest News & Updates!