It’s a bear market, so news is thin. This week, token prices rose as the date for ethereum’s merge gets set for September 19th. Ethereum’s price increased 50% and other projects followed as well. (Just keep in mind that we’re still in a psychological bear market, so prices will eventually pull back. That aside, the drama on the CeFi platforms are tapering off and we can focus more of our attention on education.
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Be well, Everyone.
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Articles on Medium this week
Articles
Podcasts
The Cost of Crypto Podcast
This Week In Twitter
Recommended Viewing
Reports:
Board urges Bank of Central African States to introduce common digital currency: Report
Headlines
Adoption
–Taiwan Bans Crypto Purchases Using Credit Cards
–CryptoCom App Launches Google Pay Purchase Feature
CBDC (are just Surveillance Tokens)
–CBDCs Are Worse Than Bank Accounts, Says Blockstream CEO Adam Back
Company / Product / Project News
–Blockchain.com Slashes 25% of Workforce, Cuts Exec Compensation
–BlockFi Initiates ‘Voluntary Separation Program’ To Further Trim Headcount
CRIMES AND SCAMS
DAO
DeFi and Lending
-Bankruptcy lawyers believe Celsius customers may have to wait years for settlement
–3AC Co-Founders Headed to Dubai, Want Orderly Liquidation: Report
–Former Celsius director exposes alleged price manipulation of CEL token
–BlockFi had $1.8B in outstanding loans in Q2: Report
–Breaking: Zipmex suspends withdrawals as CEO denies financial trouble rumors
–Celsius lawyers claim users relinquished their crypto when they signed up
–Ethereum Backed Staking Service Lido Finance Plans Its Expansion Across Layer 2 [keep an eye on them for the following bear cycle]
–By The Numbers: Breaking Down The $3.5B 3AC Owes To Creditors
–FTX Offers to Bail Out Voyager Customers in Joint Liquidity Proposal
–The Same Law Firm Is Representing Celsius, Voyager and Babel Finance
Exchanges
–FTX Reportedly in Talks to Buy South Korean Exchange Bithumb
Fundraising and Sponsorships
Gossip
–Fed Vice Chair Warns Bank Involvement in Crypto of Sparking Financial Instability
–Ethereum’s centralized dApps may overshadow the decentralization of proof-of-stake
–Employees Want To Be Paid in Crypto, Report Shows
–Half of South Africans Will Invest in Crypto If Banks Provided Such Services: Survey
Implementation and Infrastructure
Metaverse / Web3
Mining
–After Dismissing Staff, Compass Mining Deploys 25,000 Additional ASIC Miners
Nation States (and other political jurisdictions)
NFTs
–Minecraft Creators Will Stop Supporting In-Game NFTs
Regulation, Legislation & Legal Matters
–Senator Emmer says SEC is ‘politicizing enforcement, baiting companies’
–Bill Giving CFTC Crypto Powers Could Go to Vote This Year
–Coinbase to SEC: ‘Rules for Securities Just Do Not Work for Digital Assets’
–For First Time, CFTC Cracks Down on Crypto’s ‘Pump-and-dump’ Schemes
Stablecoins
–Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
–Stablecoins To Become A Payment Tool In UK, With Regulation Being Worked Out
Taxation
–South Korea Proposes to Defer Planned Crypto Tax Until 2025
The Wall Street
KEEP AN EYE ON THIS –> https://bitcointreasuries.net/
…AND THIS –> https://www.buybitcoinworldwide.com/treasuries/
–Tesla Sold $936M Worth of Bitcoin in Second Quarter
Time Capsule
Outside News
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Download the Exodus wallet for you PC and smartphone
Download the Coinami wallet for your PC and smartphone
Categories: Weekly Headlines
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