The Weekly News Roundup, ending 4 September 2022 – Regulations, Mining and Work Getting Done

DeFi, mining news, and we’re just 11 days away from the ethereum network FINALLY making the switch over from a Proof of Work to a Proof of Stake consensus mechanism.

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Be well, Everyone.

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Articles on Medium this week


The Cost of Crypto Podcast

This Week In Twitter

Tales from the Crypt: Issue #1256: Most people are not prepared
Crypto winter teaches tough lessons about custody and taking control


Iran Greenlights Bitcoin, Crypto Payments For Imports
Mayo Clinic taps into blockchain technology for clinical trial design

CBDC (are just Surveillance Tokens)
World Economic Forum weighs in on CBDC adoption and DLT use cases

Company / Product / Project News Sues Woman After Sending Her $10 Million by Mistake: Report
Largest Crypto ATM Operator Eyes Acquisitions, Global Expansion
Cardano’s Vasil upgrade will happen on Sept. 22

Monero Mining Malware Finds Success at Top of Google Search
DeFi protocol Kyber Network suffers frontend hack, loses $265K


DeFi and Lending
Celsius wants to return $210 million worth of custody assets
Celsius expects to receive $70M loan repayment to fund operations beyond November
Creditors file fresh suit against Celsius seeking $22.5M reimbursement
Compound discovers bug in new update, freezes cETH market
Crypto Lender Nexo allocates $50M to buyback its native token
LUNA Classic pumps 70% on ambitions to wipe the past, revive the chain
DEX accidentally hits kill switch on mainnet, locking 660,000 USDC inside

Binance Under Investigation Over Bank Secrecy Act: Report

Fundraising and Sponsorships

Gossip backs out of $495M sponsorship deal with UEFA Champions League: Report
Get ready for the feds to start indicting NFT traders
Russian PM takes cue from Iran’s crypto payment permit for imports
Mt. Gox creditors dismiss rumors of massive Bitcoin dump
CoinGecko reveals the US state most interested in Bitcoin and Ethereum

Implementation and Infrastructure
Outage in Prime Trust [one of the custodian services that many exchanges and app platforms use]
Hardware wallet Trezor enables direct crypto purchases with MoonPay

Metaverse / Web3

Ethereum Mining Pool Ethermine Launches Staking Service Ahead of Merge
Pleb Miner Month Celebrates Home Bitcoin Miners – Bitcoin Magazine
The Days of Lucrative Bitcoin Mining at Home are Over
Bitcoin mining difficulty rises by over 9%, highest since January
Study shows 62% of Bitcoin network is zero-emission
Armenia aims to position itself as a Bitcoin mining hub

Nation States (and other political jurisdictions)
El Salvador Bitcoin bond delayed due to security concerns: Bitfinex CTO
President of Paraguay vetoes crypto regulation law
Argentina’s Mendoza province now accepting crypto for taxes and fees
What the Taliban crackdown means for crypto’s future in Afghanistan

Meta To Expand NFT Feature to Select Facebook, Instagram Users This Week
Ticketmaster selects Flow blockchain for minting NFT event tickets
Nifty News: Taco Bell wants you hitched in the Metaverse, Animoca Japan raises $45M and more

Regulation, Legislation & Legal Matters
Australia plans to implement token mapping amid intensified efforts to regulate crypto industry
A16z Creates NFT Licensing Framework to Standardize Collectors’ Rights
CFTC and SEC open comments for proposal to amend crypto reporting rules for large hedge funds
Michael Saylor, MicroStrategy getting sued for tax fraud in Washington
California State Assembly passes bill for licensing and regulating crypto firms

Tether Pushes Back Timeline on Audit: Report
Binance USDC withdrawals top $1 billion per day this week


The Wall Street
CME Group launches euro-denominated Bitcoin and Ether futures

Time Capsule

Outside News
Nuclear Power Is Staging A Remarkable Comeback

You Do Not Change Bitcoin. Bitcoin Changes You.
“Bitcoin will eat the world.” And it is.

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The app that let’s you buy/sell/trade cryptos, earn yields on crypto deposits and take out a crypto-backed loans

Get $10 when you sign up with Strike. Send cash instantly around the world at no cost, and buy bitcoin with only a 1.5% fee


If you’re new to crypto, Coinbase is the easiest way to get started


Binance is a great exchange to buy and sell cryptos


Changelly is a good option for exchanging coins without having to use an exchange

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Earn bitcoin while you shop online using Lolli

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Get crypto-themed shirts, stickers, mugs and more at Teepublic


Download the Brave browser and block unwanted ads and earn rewards whileen you browse online 

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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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