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Democratic Representative Brad Sherman told the Los Angeles Times that cryptocurrencies wouldn’t be banned in the United States “anytime soon.”
More info: https://bit.ly/3TKMS1E
Most Bitcoin ($BTC) investors have been holding onto their coins throughout the ongoing bear market, with data showing that 62% of addresses on the cryptocurrency’s network haven’t sold their coins for more than a year.
More info: https://bit.ly/3q2CDIH
The recent court filing indicates that Celsius Network LLC. will agree to return $48 million, or 22% of its current assets being held, back to customers of the now bankrupt platform.
More info: https://bit.ly/3QbhmXJ
The 103 increase in gigantic whale addresses brings the total number of addresses holding 100 to 10,000 BTC to 15,847. This whale accumulation comes when BTC has broken below the $20k support.
More info: https://bit.ly/3TE2Omi
Kyber Network, the multi-chain DeFi liquidity hub has suffered an exploit, the team has announced. $265,000 worth of assets were lost, with two addresses affected.
More info: https://bit.ly/3RyyfN1
South Korea-based LG Electronics is reportedly preparing to release its first crypto wallet application named “Wallypto” in the third quarter of 2022. “Wallypto” is built on the Hedera Hashgraph blockchain and currently supports Hedera’s HTS tokens, but is expected to expand the list of supporting networks and tokens upon official release.
More info: https://bit.ly/3D36IzF
Aada Finance will soon introduce borrowing and lending through DeFi primitives called NFT bonds. The dApp will launch on Sept. 13, 2022.
More info: https://bit.ly/3KEyMuW
The amount of staked ETH on the Ethereum network is up more than 100% on a year-over-year basis. Staking now accounts for more than 13.4 million of all ETH, making up more than 11% of the total supply.
More info: https://bit.ly/3Ttt2Ii
The Ethereum Layer 2 network successfully migrated the existing Arbitrum One network to Arbitrum Nitro Wednesday, exactly one year after the network’s mainnet first went live.
More info: https://bit.ly/3RkTlOQ
Bitcoin Beach in El Salvador will receive infrastructural developments as part of a $203 million government investment in the country’s beach tourism.
More info: https://bit.ly/3COCKPK
The District of Columbia is suing Michael Saylor and MicroStrategy for alleged tax fraud. D.C. Attorney General Karl Racine announced the suit on Twitter today, accusing Saylor of avoiding as much as ten years' worth of income taxes. MicroStrategy stock dropped 5% as news of the charges broke.
More info: https://bit.ly/3B40hdS
Tether has responded to claims from the Wall Street Journal alleging that the firm has not been audited. The firm publishes regular attestations or snapshots of its stablecoin reserves instead of thorough audits. Tether says it hasn’t been audited but plans to do so.
More info: https://bit.ly/3pVtWzB
New York-based MBLM, which bills itself as a “brand intimacy agency,” compared more than 600 brands across 19 industries by using artificial intelligence to analyze more than 1.4 billion words across the internet. Looking at the crypto space, the firm says the top-performing asset in terms of brand intimacy is smart contract platform Cardano.
More info: https://bit.ly/3B2eoRf
Ripple's vice president of corporate strategy and operations, has announced that XRPL validators have started voting on the XLS-20 amendment, which would enable native non-fungible tokens (NFTs).
At least 80% of them have to vote in favor of the proposal over a two-week period in order to ensure its passage. Seven validators (Brex .io, Bitso, and others) have voted against the proposal.
More info: https://bit.ly/3CJOW41
The OptiFi team says they accidentally permanently closed the OptiFi program on Solana mainnet yesterday during a routine upgrade. The shutdown resulted in the loss of $661,000 in funds, most of which was from team members.
More info: https://bit.ly/3cwo8d1
Charles Hoskinson has taken to Twitter to share that the company behind Cardano, IOG, led by him, had taken part in an investment round of $11 million for supporting a fintech company Pezesha based in Kenya, Africa.
More info: https://bit.ly/3AZWEG7
Independent certified public accountants have examined Circle Internet Financial LLC (USDC) and stated US Dollars held in custody accounts $54,618,693,479.
More info: https://bit.ly/3AyjYt4
Among the Americans who have invested in crypto, as many as 78% view it as a way to diversify their investments, and a combined 46% say their allocations to crypto have brought about the same performance as they expected or better, according to a recent survey by US nonpartisan think tank Pew Research Center.
More info: https://bit.ly/3pRSvxB