The Weekly News Roundup, ending 21 August 2022 – The Empire Continues to Strike Back

The connected and invested parties of the legacy financial system apply obstacles.
Also, a friendly reminder that it is bear market time, so channel some of that itchy energy into education- I’ve been sharing the Tomer Strolight “Why Bitcoin, the Series” series and am republishing Andreas Antonopoulis’ “The Internet of Money.” They are short reads and listens and will do you much good to check out, if you haven’t already. ; )

Comments and suggestions, reach out -> hello @

Be well, Everyone.

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Articles on Medium this week


The Cost of Crypto Podcast

This Week In Twitter



Mercado Libre Broadens Crypto Offerings in Brazil

CBDC (are just Surveillance Tokens)
Nigeria’s CBDC eNaira records $10M in transaction since October
Russia plans to roll out digital ruble across all banks in 2024

Company / Product / Project News
Bitcoin Lightning Network at regulatory risk after Tornado Cash saga
-[Prime Trust] Augeo Launches First-Ever Crypto Loyalty Platform, Heaps

Celer Network shuts down bridge over potential DNS hijacking
Crypto scams fall 65% after gullible noobs exit the market: Chainalysis


DeFi and Lending
Do Kwon: “I Think I Should Have Known the Risks of UST Much Better”
BlockFi tops the Inc. 5000 list with almost 250,000% revenue growth in three years
BitGo to sue Galaxy Digital for $100M over dropped acquisition
Quebec Pension Fund loses almost entirety of its Celsius investment in less than ten months
Celsius Gets Court Blessing to Sell Mined Bitcoin
Celsius to explore options for refunding customers at UCC meeting
Celsius CEO personally directed crypto trades months before bankruptcy: Report
Court filings reveal Celsius will run out of money by October
US Trustee motions for examiner to probe Celsius’ ‘significant transparency issues’
Hodlnaut cuts 80% of staff, applies for Singapore judicial management
Independent Tether attestation reveals 58% decrease in commercial paper holdings
= Sam Bankman-Fried Described Yield Farming and Left Matt Levine Stunned

Ontario crypto exchanges impose $30K CAD annual limit on altcoin buys
Coinbase would rather shut down staking than enable on-chain censorship — Brian Armstrong
FTX Flags More Privacy Tools After Tornado Cash Sanctions

Fundraising and Sponsorships

CBDCs only solution to ‘smooth continuation’ of the monetary system: ECB
Do Kwon breaking silence triggers responses from the community
Crypto Mixers and Privacy Coins: Can They Resist Censorship?
Alphabet, Samsung among 40 Big Companies Investing in Blockchain, Study Finds
FatManTerra questions integrity of Do Kwon’s first interview since Terra collapse

Implementation and Infrastructure

Metaverse / Web3


Nation States (and other political jurisdictions)

Nifty News: NFL All Day opens to the public, Boss Beauties go to Hollywood and more

Regulation, Legislation & Legal Matters
Fed to issue long-awaited guidelines for granting master accounts to crypto banks
FTX US among 5 companies to receive cease and desist letters from FDIC
Wife of arrested Tornado Cash dev forbidden to speak with him — Rally organized
SEC Sues Dragonchain Over $16.5M ICO
Largest Ethereum miner, Ethermine, stops processing sanctioned transactions

Independent Tether attestation reveals 58% decrease in commercial paper holdings

Crypto Traders Beware: IRS Gets Greenlight on Brokerage Inquiry

The Wall Street
CME Group plans to launch options on ETH futures prior to the Merge

Time Capsule
Twitter influencer Hodlonaut drums up support ahead of Craig Wright trial

Outside News

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Categories: Weekly Headlines

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