Arshak Andriasov

CRYPTO NEWS.

Crypto News is a place to read the current events concerning the cryptocurrency market. Up-to-date information concerning coins like Bitcoin, exchanges like Voyager, and other vital gems encompass the Crypto News.

Headlines.

• Shiba Inu acquires 100,000 owners in 2022 despite price swings.

The value of Shiba Inu has fluctuated throughout 2022, reflecting the greater correction in the cryptocurrency market. Shiba Inu has attracted more holders than expected despite the bearish market, as the development team works to increase the asset’s practicality. More than 100,000 additional Shiba Inu owners have been added in 2022.

• Arbitrum (ARBI) Token Might Be Airdropped.

A distribution of tokens for Arbitrum, the most important Ethereum-based second-layer network on Optimistic Rollups, is imminent. It seems like getting an ARBI token won’t be a breeze. To qualify, crypto fans need to do things like join the Arbitrum Odyssey campaign, make purchases on the mainnet, level up in the project’s Discord, and “participate in the network’s evolution.”

• FTX’s advisor texted Musk about buying Twitter.

Sam Bankman-Fried, CEO of FTX, reportedly had an eye on acquiring Twitter. Bankman-Fried’s advisor Will MacAskill tried to set up a meeting between Tesla CEO Elon Musk and himself to discuss the acquisition of Twitter. MacAskill informed Musk that Bankman-Fried was keen on acquiring Twitter, with FTX’s CEO offering to put up to $15 billion.

• South Korea Wants To Freeze $67M of Do Kwon’s Funds Through Exchanges.

About $67 million in bitcoin associated with Terraform Labs’ founder Do Kwon is the target of South Korea’s efforts to freeze those funds. Recently, Interpol issued a red notice to locate and arrest Kwon for allegedly breaking South Korean financial rules. South Korean prosecutors approached KuCoin and OKX, two local cryptocurrency exchanges, to freeze about $67 million worth of bitcoin associated with Do Kwon, the founder of Terraform Labs, who has since disappeared. It has been alleged that Kwon’s Luna Foundation Guard has wired the money to the event locations.

• Globalist Shill Cardano Founder Shares Update on Ethiopia Initiative.

The WEF Member Charles Hoskinson, founder of Cardano, has provided an update on the progress made in Ethiopia since the company’s launch in 2017. As part of a statewide blockchain-based scheme, the Ethiopian federal education authorities have begun deploying digital identity (ID) for students and teachers. Social Credit Score System slowly implemented by the globalists, using crypto as a tool to further enslave humanity. CBDC will be next.

• Tether CTO: Ethereum as Money Can’t Compete with Bitcoin.

Chief Technology Officer of Bitfinex and Tether Paulo Ardoino recently stated that Ether cannot compete with Bitcoin as a currency due to design choices that have prioritized other purposes. When asked about Ethereum’s relatively high transaction fees, the CTO said that the Merge would not solve either problem, nor would it make Ethereum more decentralized.

• New Globalist Bill In France Could Seize Crypto Assets.

Under a new proposed law announced by the Globalists, through the French government, crypto assets may be blocked. The overreach by the WEF member Emmanuel Macron and his administration wants to join the great reset plans of the United Kingdom. By granting law enforcement expanded authority to seize funds, the globalists are obviously going to call those against them criminals. Yet, being on Epstein’s Island or money laundering to countries that try to instill the Rothchild banking system is ethical in the globalist’s perspective.

• MEXC Global burns 155 million LUNC in 5 days.

During its two-week LUNC burn event in support of the 1.2% tax request from the community, MEXC had burned over 155 million LUNC in trading fees in just four days, as reported by data from its blog post. And over the past two days, nearly a hundred million LUNC had been burned.

• First Listing on a Decentralized Exchange (DEX) for Terra Classic (LUNC).

The majority of current crypto-related discussions still revolve around LUNC. After its rapid surge and recent promises of auspicious burn, the once-forgotten asset is attracting the attention of crypto advocates and exchanges. A recent high point is LUNC’s debut on a DEX (decentralized exchange): Saitama Pro. The news was first shared on Thursday by the official Saitama Twitter account.

• Binance wants to boost BNB Blockchain with Ethereum tech.

By adopting a technology called a zero-knowledge (ZK) rollup, Binance can become one of the major players to date to improve transaction times. Binance, the largest cryptocurrency exchange by trading volume, wants to lower fees for its BNB blockchain. BNB will be able to process 5,000 to 10,000 transitions per second following the upgrade scheduled for next year. That far exceeds what can be done with the existing capacity of the blockchain, which is the most popular smart-contract chain in terms of users and transaction volume, even more so than the more well-known Ethereum.

• Voyager Digital to sell assets on 9/13.

More than two months after declaring for bankruptcy, crypto lender Voyager Digital will auction off its assets next week. A document filed in court on Tuesday confirms that the auction will take place on September 13 at 10 am ET. All eligible bidders have until yesterday to submit their offers for the auction that will determine who will purchase the platform’s assets. On September 29 there will be a hearing to confirm the outcomes.

• CertiK finds Avalanche attack.

At least $370,000 USDC was stolen from the smart contract for Avalanche blockchain flash loans, and several liquidity providers were also affected. As is typical in such situations, the identity of the perpetrator is still a mystery. The automated market maker Curve Finance, the staking platform Nereus Finance, and the decentralized exchange Trader Joe were all impacted. CertiK Skynet, network security software that actively monitors and displays suspicious smart contract data on the Internet, uncovered the attack.

• Nexo introduces spot and margin trading.

Cryptocurrency lending company Nexo has launched a trading platform that provides spot, futures, and margin trading to retail consumers. Nexo Pro is a trading platform that pools together the resources of more than ten exchanges and market makers to reduce the amount of time an order takes to be filled, also known as slippage. When a market order is placed in a market with little liquidity, a phenomenon known as slippage occurs.

• 35 trillion SHIB swapped in 24 hours as volume jumps 23%.

There has been a 24-hour volume of trade totaling 35 trillion SHIB, or almost $433 million. There has been a 23% increase in Shiba Inu trading volume despite the current market decline. A rise in trade volume is a key indicator for meme cryptocurrencies because it shows that interest in the project has not waned and that people are still eager to invest in it. Also, many investors have kept holding on to their shares in recent months despite the current price decline.

• KuCoin and Gate.io to support Terra Classic (LUNC) tax burn.

KuCoin and Gate.io, two major cryptocurrency exchanges, will back the Terra Classic (LUNC) community’s proposed 1.2% tax burn. The proposed 1.2% Fee Parameter Change will include a tax on all on-chain transactions between wallets and smart contracts, including LUNC and USTC.

• Binance is going to remove support for the USDC stablecoin.

Binance, the largest cryptocurrency exchange in the world, announced on Monday that it would delist USD Coin, the stablecoin that is pegged to the United States dollar, beginning on September 29 in favor of its native Binance USD stablecoin. This decision was made in favor of using Binance USD as the exchange’s default stablecoin.

• XRP Scam Promoted Through Hacked PwC Account.

An XRP scam was promoted via the official PricewaterhouseCoopers (PwC) Venezuela Twitter account, which had been hacked. In one hour, Ripple CEO Brad Garlinghouse will be hosting “a spectacular event,” according to the advertisement. A link is included in the tweet in an attempt to trick potential victims into sending cryptocurrency. In the past, similar scams were promoted through the hacking of other verified accounts with large followings. This will not be the last scam in crypto.

• NOWPayments POS Terminal Accepts Shiba Inu.

NOWPayments’ Point-of-Sale (PoS) terminal can process Shiba Inu now that it’s been certified as a SHIB payment method. A point-of-sale terminal is a mechanism that streamlines the transaction processing of bitcoin payments. In contrast to traditional PoS solutions that require physical hardware, NOWPayments’ POS operates fully in the cloud. Therefore, it may be used on numerous gadgets, such as PCs and smartphones. By allowing businesses to pay their employees in SHIB, NOWPayments boosted interest in and use of the currency. With NOWPayments Mass Payments, businesses may pay SHIB salaries and make other Shiba payments in bulk.

• China will try to use blockchain to trade electricity.

The China Energy Administration (CEA) plans to look into blockchain-based power trading platforms as a means of encouraging energy trade between decentralized power producing units and national networks. The CEA, a government agency under the NDRC in charge of energy policy, has stated that it will investigate the viability of smaller and medium-sized power generating and storage facilities to supply electricity to local populations.

• Despite claims that it is a scam, the price of Dogechain continues to rise.

Price of Dogechain has increased by 63% in the last 24 hours. To facilitate the adoption of decentralized applications and non-fungible assets, Dogechain positions itself as a layer-2 solution for the Dogecoin network. ZachXBT, a well-known cryptocurrency investigator, discovered that 20 billion Dogechain tokens were dumped on consumers through a wallet with direct ties to the deployer. According to U.Today, even at a stunning $14 million, Dogecoin co-founder Billy Markus allegedly refused to promote Dogechain. Supporters of the meme coin he co-created in 2013 would have seen his acceptance of the offer as a betrayal.

• Binance Halted Baking Bad Corporate Account Due To Law Enforcement Request.

Binance has stated that the corporate account of Tezos (XTZ) tool contributor Baking Bad was frozen at the request of law enforcement and that Baking Bad was informed many times of the reason for the freeze. Baking Bad said the exchange had arbitrarily frozen its corporate trading account and deleted over $1 million on August 25. On July 4, Binance informed Baking Bad that law enforcement had requested information from them about their account. Unfortunately, the Department of Justice has not responded to their requests for comment, thus their efforts to fix these issues have been fruitless. The Binance support team informed Baking Bad on July 4 of a law enforcement request relating to the account, as reported by CryptoSlate. Baking Bad went on to say that Binance “actions with the account without any notification. ” There is “no confidence that there really is any investigation,” Baking Bad said.

• Great News: Metaverse, NFT Tokens Dropped 20% This Week.

The globalists, with their “You will own nothing, and be happy about it” agenda, are failing. Metaverse, with their agenda to poison you with a fake reality, and NFT tokens plummeted 20% this week. Over the past week, many cryptocurrencies associated with the gaming and NFT industries, such as Flow (FLOW), Stepn (GMT), Axie Infinity (AXS), Decentraland (MANA), and Gala (GALA), have experienced significant price declines. Keep that going people, we do not need these agenda-driven coins.

• Pawns of the Globalists Continue To Peddle An Agenda As Japan’s mayor Visits Ripple to Discuss Web3.

The small time pawn of the globalists and mayor of a Japanese city recently visited the offices of the globalist’s cryptocurrency startup Ripple in San Francisco, further cementing the relationship between the two agendas. Japanese Prime Minister, Fumio Kishida, another pawn of The Great Reset Agenda, is an enthusiastic supporter of Web3. Web3 will enslave humanity into believing a reality that is a fantasy. These “people” are continuing to ruin our life, liberty, and societal positivity.

• New Listing Allows Buying Cardano with Japanese Yen.

OKCoin Japan, the local branch of one of the world’s major crypto exchanges, recently announced that ADA, the primary token of the Cardano blockchain and one of the three globalist projects, would be listed on the exchange. Beginning September 1, all interested investors will be able to trade ADA spot on the Japanese exchange against the yen, the country’s official currency. Slowly, the globalists are seeping in their CBDC agenda.

• Disgusting Nigerian Central Bank Governor Says Cash Use Will ‘Dissipate to Zero.’

The globalists are at it again. They find this nothing peasant telling us that those who will not want to be part of the great reset will be financially obsolete. Not only do globalists lie, which is an easy trick to trick people into believing their CBDC Great Agenda, but also try to scare us into submission. He blurts out that the number of e-naira users is expected to expand by a factor of 10 over the course of the next twelve months, despite the extremely slow adoption of the digital currency by Nigerians. As the governor put it, “the use of digital currency will increase to become part of our life,” while cash will “dissipate to zero.”

• Vitalik Buterin Tweets, Arshak Andriasov Responds.

Vitalik Buterin: “Regular reminder to people trying to make things better: It is not your responsibility to solve every problem.”
Arshak Andriasov: “Stick to Ethereum. You are not in a position to give such advice. If you are Spinoza or Socrates, then ok. You?…No.”

• Shiba Inu Now Has Its Own Trading Pair On Crypto(.)Com.

The addition of a Shiba Inu trading pair on crypto(.)com is excellent news for the community of dog lovers that like this breed. Users can now trade SHIB for BUSD. Users are now able to more easily trade SHIB on the exchange with their preferred stablecoin.

• Deepfake of Binance CCO used for listing scams.

In a string of video calls with various crypto project leaders, hackers posed as Patrick Hillmann, CCO of cryptocurrency exchange Binance. Some representatives of these projects were fooled into thinking Hillman was assisting them in becoming listed on the exchange by means of what Hillman called a “AI Hologram,” a deepfake of his image.

• The Globalists BlackRock, Google, and Morgan Stanley are investing billions in blockchain and cryptocurrency.

A recent report by crypto analytics platform Blockdata claims that almost $6 billion was spent by 40 organizations in blockchain and cryptocurrency startups between September 2021 and June 2022. According to Blockdata, the parent company of Google, Alphabet, has the most investment in the blockchain industry. Founded in California, the company has made investments totaling $1.50 billion in firms like Fireblocks, Dapper Labs, Voltage, and Digital Currency Group. With $1.17 billion spread between FTX, Circle, and Anchorage Digital, the world’s largest asset manager BlackRock is the second-largest investor in the blockchain industry. Morgan Stanley, another major financial institution, is in third place, having spent $1.10 billion in Figment and NYDIG combined. Beware, the WEF and their goons are trying to take over crypto and create and centralized CBDC soiciety.

• Polygon heads SuperLayer’s $25 million fund.

SuperLayer, a Web3 venture studio, has announced the launch of a new $25 million fund that will be led by anchor investor and strategic partner Polygon, an Ethereum scaling solution. In October of 2021, SuperLayer was established with the purpose of providing finance and help to brands and companies that were building tokenized economies by making use of the RLY protocol. It is not in society’s best interest to move forward with Web3.

• Ripple Launches On-Demand Liquidity In Brazil.

On-Demand Liquidity (ODL) services from Ripple Labs Inc. were introduced in Brazil on Thursday. The blockchain company is having an international influence while being stifled in the litigation against SEC. Since Travelex Bank is the first financial institution in Latin America to adopt ODL, a relationship between the two was inevitable. According to the report, Travelex is also the first bank in Brazil to be registered with and receive permission to do foreign exchange business from the country’s Central Bank. Do not forget, Ripple is a WEF-backed crypto.

• Binance Wallets Show Signs of Massive Cryptocurrency Fund Transfer.

Large-scale cryptocurrency transactions involving Binance wallets have been uncovered. A total of 2.37 billion USDT was sent between two Binance cold wallets, and another 1.49 million ETH was sent to a Binance 8 wallet, both in separate, enormous transactions. There is proof of both transactions on Tronscan and Etherscan. There has been no explanation given for the transfer, and the reasons remain mysterious. The timing of the transfer, which came after Binance lifted its brief halt of withdrawals, is very interesting.

• Ethereum developers finish merger prep.

Tim Beiko, a core developer on the Ethereum project, has announced that the Readiness Checklist for the Ethereum Merge is now complete. For developers, the Merge Mainnet Readiness Checklist serves as a guide for getting things done including code deployment, testing, documentation, and investigation. In fact, the Merge is now closer than ever to its planned date of September 15 thanks to the completion of the Merge Mainnet Readiness Checklist.

• Celer Network closes bridge over DNS hijacking.

Celer Network (CELR), an interoperability protocol, has shut down its cBridge due to a suspected DNS hijacking and urged its users to revoke consent for many contracts. Initial research of the project revealed some questionable DNS activity. At this time of writing, however, the platform is still trying to learn more about the issue through investigation. Meanwhile, the platform continues to narrow down the source of the problem, and as a precautionary measure, the team has disabled the cBridge.

• The Newest Crypto Exchange Now Accepts DOGE.

BlueBit.io, a cryptocurrency exchange with offices in St. Vincent & Grenadines and Dubai, announced on Twitter that it had added support for Dogecoin trading. Exchange staff also mentioned Elon Musk in their tweet, who is known to be a big supporter of Dogecoin and has used it as a payment option at Tesla and SpaceX. This addition comes after the competitor, Shiba Inu, was included in the same database the previous week.

• Solana’s largest DeFi lender leans on “permissionless” loan markets.

Solend is testing the “permissionless” principles that enable the infinite token listings of decentralized exchanges in the Solana Network’s cryptocurrency lending market. Anyone with 100 SLND (about a $70 charge) and some spare assets can create their own “permissionless pools” to lend out cryptocurrencies through the largest decentralized finance lender on Solana.

• eToro to buy US fintech trading Gatsby.

As part of its strategy to attract younger, US-based customers, online broker eToro has acquired options trading platform Gatsby. An eToro representative has confirmed that the total amount of the transaction is $50 million. The purchase complements the company’s ongoing initiatives to broaden its business in the United States. In 2018, Jeff Myers and Ryan Belanger-Saleh established Gatsby. For those in the younger group, the software allows them to trade stocks and options without paying a commission.

• CDPQ Gives Up on $150 Million Celsius Gamble.

After contributing $150 million to Celsius Network’s October 2021 funding round, CDPQ is the latest industry heavyweight to completely withdraw from the market. At its most recent results meeting, a Canadian pension fund said that it had written down its investment and hinted that it was exiting the cryptocurrency market. CDPQ invested $400 million in Celsius at a $3 billion valuation, citing the company’s “confidence” in blockchain at the time.

• Bitcoin Lightning Network threatened by Tornado Cash.

Following the fines against cryptocurrency mixer Tornado Cash, Policy Advisor Patrick Hansen presented his thoughts on the regulatory risk presently confronting the Bitcoin Lightning Network. On August 8, the U.S. Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash. Since 2019, the procedure has allegedly been used to launder almost $7 billion in illegal funds, according to the Treasury Department. All Tornado Cash addresses have been banned since then, and both the creators and the website have been removed from Github. On August 13th, the group announced that they will be disbanding.

• BitWallet, a Treasury Department money service, lists Shiba Inu and others.

The popular canine-themed cryptocurrency Shiba Inu (SHIB), together with Ethereum (ETH), Dogecoin (DOGE), and Litecoin (LTC), will soon be available for purchase through BitWallet Inc., a Money Services Business licensed by the United States Department of the Treasury. To purchase, sell, and trade Bitcoin (BTC) instantly and at no cost, the BitWallet app is now the only option for customers in over 160 countries.

• The Merge Will Not Impact Gas Fees, Transaction Speed, ETH Staking.

As the Ethereum community prepares for the September 15 upgrade, Ethereum.org has corrected 8 myths regarding the Merge. As previously stated, the Merge will not result in cheaper gas prices, faster transactions, or the ability to withdraw pledged ETH. The Shanghai upgrade and the ensuing Surge, Verge, Purge, and Splurge stages are what will bring about these alterations.

• Genesis’s CEO Michael Moro leaves, slashing 20% of staff.

Following significant losses related to the bankruptcy of Three Arrows Capital earlier this summer, Genesis CEO Michael Moro has resigned and the company has laid off 20% of its 260-person workforce. With the hunt for a permanent replacement ongoing, the role of COO has been temporarily filled by Derar Islim.

• Collaboration between Floki Inu and ApeSwap.

Floki Inu made the announcement on their Twitter on August 16, 2022, that they were working with ApeSwap to provide users a discount when purchasing FLOKI. The innovative Sustainable Liquidity Mining (SLM) software will be used to accomplish this.

• Do Kwon hires lawyers for legal action.

In response to the inquiry by the Seoul Southern District Prosecutors’ Office, Terra founder Do Kwon has retained attorneys from a domestic law company. Recently, authorities in South Korea raided the homes and offices of Terra officials and affiliates, seized evidence, and issued summonses for Terra CEO Do Kwon and other executives.

• Dogecoin records whale activity Daily $100k+ sales.

There has been a dramatic uptick in analytical reports of whale activity on the DOGE network, suggesting that the time spent doing so may be increasing. Dogecoin is one of the few Altcoins to benefit from the recent upswing in the crypto market. The whale phenomenon on cryptocurrency networks is heating up this week. One way to measure the growth in DOGE’s popularity is to examine the frequency with which transactions for $100,000 or more are being made.

• Chainlink Keepers and Price Feeds are both built into Floki.

On both the BNB Chain and Ethereum networks, Floki, a community-driven cryptocurrency ecosystem, has announced compatibility with Chainlink Keepers and Chainlink Price Feeds. FlokFi Locker, the platform’s token-locking protocol, now benefits from the solutions’ incorporation. Meanwhile, the Chainlink Price Feeds have been extended to include support for BNB Chain, Ethereum, Arbitrum, Polygon, Avalanche, Fantom, Optimism, and Heco, and Chainlink Keepers will assist protect and provide stability to its token locking mechanism.

• Crypto.com pre-registers with Canadian regulators.

Crypto.com has signed a pre-registration undertaking with the Ontario Securities Commission (OSC) in Canada. According to a press statement by the cryptocurrency exchange, Crypto.com is now the first worldwide cryptocurrency platform operating in Canada under this legislative approach.

• Acala Exploit Drops Polkadot-Based DeFi Stablecoin 99%.

The aUSD stablecoin, issued by Polkadot-based decentralized finance platform Acala, crashed by 99% after hackers exploited a weakness in its liquidity pool, adding it to the list of not-so-stable stablecoins. When the stablecoin’s dollar peg was broken, its value plummeted to $0.009 on Monday morning.

• Galaxy Digital cancels crypto-custodian deal BitGo.

Galaxy Digital Holdings, a financial services firm, has said it would no longer attempt to acquire bitcoin custody service BitGo. The decision was made because BitGo did not provide audited financial accounts that complied with the terms of the agreement for the year 2021.

• Baby Doge Testnet Launching in 24 Hours.

As promised last week, the company behind the BabyDoge parody cryptocurrency, a clone of Dogecoin built on the BNB Chain, has stated through Twitter that a testnet will be released in 24 hours.

• Withdrawals on Brazilian Crypto Exchange Suspended.

A crypto lending firm in Brazil has shocked the world by announcing that it has temporarily suspended withdrawals because of an assault. A BlueBenx spokesperson said that a $32 million cyberattack had been perpetrated on the firm. High profits on cryptocurrency investments were promised to customers.

• $AAVE Reportedly Blocks Tornado Cash Addresses.

It was stated that three important DeFi protocols (Aave, Uniswap, and Balancer) have begun restricting wallets that had interacted with Tornado Cash’s smart contract. A user on one of these services will get an error message saying their IP address is associated with “blocked activity” and is thus not permitted to connect to the project.

• Skynet will remain running despite its termination.

The parent company of Siacoin, Skynet Labs, has declared it would cease operations because to a lack of cash raised in a recent investment round. However, the Skynet platform and all user data will continue to function normally regardless of the choice.

• Paradigm and FTX launch crypto futures spread trading.

Spread trading has officially been introduced thanks to a collaboration between the liquidity platform Paradigm and the cryptocurrency exchange FTX. This will enable customers to capitalize on price dislocations via “cash-and-carry” trades. To engage in a spread trade, an investor must first purchase one asset before selling another linked security, such as a futures contract. This results in an overall net transaction that has a positive value, which is referred to as the spread.

• Shiba Inu Community Warns About Fake Apps.

A warning has been issued by the Shiba Inu community against phony Shiba Eternity app downloads. This warning was brought to everyone’s attention by ShibQueenie, who is the official moderator of the Shib Discord and a member of the Growth Breed. She explained that the Shiba Eternity game is still in the early testing phase, and as a result, it was only accessible to verified tester accounts and players in Vietnam.

• Three Arrested in $3.4 Billion Cryptocurrency Investigation in South Korea.

The three suspects were detained by South Korean officials as part of an investigation into suspicious cryptocurrency transactions valued at $3.4 billion. The prosecutor’s office claims that law enforcement officials apprehended three people who allegedly ran an unregistered crypto trading company using paper firms.

• Uzbekistan blocks Binance, other crypto exchanges.

Uzbekistan has barred access to the websites of international bitcoin exchanges. Binance has issued a statement saying that it is in talks with Uzbek authorities to determine the exchange’s legal position in the nation. Due to the fact that Uzbekistan’s laws prohibit its nationals from using offshore exchanges to trade cryptocurrencies, the government has severely limited its people’s access to both online and offline brokers dealing in the digital currency market.

• The Nomad hack has had an effect on Cardano’s DeFi TVL.

One of the biggest “chaotic assaults to date” by DeFi was the hacking of the Nomad cross-chain bridge a week ago. Wrapped Bitcoin (WBTC), Ethereum (WETH), USD Coin (USDC), and other assets were taken by a hacker who targeted a smart contract in the Nomad Bridge that secured tokens.

• UAE’s largest discount store will accept Bitcoin.

Day to Day, a well-known United Arab Emirates bargain retailer, was the first to accept Bitcoin payments. Customers will now be able to pay using fiat cash or Bitcoin. Both brick-and-mortar and online retailers will accept Bitcoin as a form of payment. Other cryptocurrencies, it said, would be accepted as payment.

• Philippines Central Bank will ban new virtual asset firms for 3 years.

Beginning September 1, the central bank of the Philippines has announced that it would suspend the processing of applications window for new virtual asset services providers (VASP) licenses for a period of three years. According to a communication that was dated August 10, the Bangko Sentral is going to perform a review based on the movements in the market.

• Texas regulators don’t want Celsius to sell its Bitcoin.

Because of their concerns about how the money from the sale of Celsius’ mined bitcoin will be utilized, Texas officials have petitioned a US bankruptcy court to refuse the company’s attempt to monetize the cryptocurrency. Directors say Celsius has not specified how the sale money would be used to help its creditors. The Globalists, often known as the World Economic Forum, are among the top ten Celsius holders.

• U.S. Treasury Bans Tornado Cash, a Cryptocurrency Mixing Service.

Tornado Cash has been added to the Treasury’s Office of Foreign Asset Control’s Specially Designated Nationals list, which keeps track of persons, businesses, and cryptocurrency addresses that are subject to penalties. U.S. citizens and businesses have been banned by the government from using the Ethereum wallet addresses linked to Tornado Cash.

• Robinhood has added Stellar and Avalanche to its list of supported cryptocurrencies.

In a Monday release, Robinhood said it has added Stellar and Avalanche to its trading platform. Known for its cautious approach to introducing digital assets, the trading platform has dramatically increased its crypto offerings this year. In late June, Chainink was added to the list of supported protocols. On April 1st the company listed Solana, Shiba Inu, and Polygon.

• Despite the recent hack, the Solana Whales continue to hold on.

Solana Foundation’s stock price has regained some of its losses after the recent attack, even as the foundation’s administration continues to investigate. On Thursday, it was reported that the problem stemmed from Slope mobile wallet programs. However, it has been determined that just one wallet on Solana was affected by this vulnerability. Solana, though, cautioned that the probe into precisely how this happened is ongoing.

• Binance Card supports Shiba Inu, allowing 60 million merchants to accept payment.

Binance has added Shiba Inu to its list of supported currencies, allowing its cardholders to spend the cryptocurrency. The SHIB community seemed ecstatic after the news. In a timely fashion, SHIB’s Twitter account, @SHIB official, shared the wonderful news. For Shiba Inu customers in Europe, the Binance Card will be readily accessible. SHIB users may now use the token at more than 60 million merchant locations across the globe thanks to this additional capability.

• Better bids than FTX’s ‘low-ball’ on Voyager.

The insolvent crypto lender claimed it got better offers than from Sam Bankman-enterprises. Voyager says it is in talks with 22 parties, and any sale deal will be heard in court on September 7. Alameda Ventures and FTX saved Voyager in late July.

• Through a SPAC Merger, the mining company Tomorrow Crypto hopes to become public.

Bitcoin and ether mining infrastructure business Tomorrow Crypto plans to combine with Nasdaq-listed blank check company Globalink Investments in an effort to become a public corporation (GLLI). SEC filing on Thursday said that the proposed transaction would value Tomorrow Crypto at $310 million and close in Q4 2022 if shareholder and regulatory approvals are met.

• Cambodia’s largest alcohol exporter uses VeChain to fight fakes.

Attwood Import Export, Cambodia’s biggest importer and distributor of alcoholic beverages, has partnered with VeChain technology, VeChainThor, to create a new sticker for security purposes.

• Gucci Has Accepted ApeCoin as Payment.

It was recently reported that Gucci, a well-known name in premium apparel, would soon accept ApeCoin payments. A limited number of boutiques in the United States will be able to sell the coin in person. Early in May, the Florence-based fashion company began taking cryptocurrencies to attract more consumers who were interested in the 2021 cryptocurrency boom. Bitcoin and Ethereum are not Gucci’s only payment options; they also accept payments in Dogecoin and Shiba Inu.

• Following the SEC’s assertion that AMP is a security, Binance US will delist the token.

According to a business blog post on Monday, after the SEC recently accused an ex-Coinbase employee and two colleagues of insider trading with AMP, Binance US has chosen to delist the AMP token “out of an excess of caution.”

• As an exchange provider, Huobi has been approved by the Australian Securities and Investments Commission.

Cryptocurrency trading Australia’s AUSTRAC has approved Huobi as a digital currency exchange provider, allowing it to begin selling bitcoin exchange services in the country. To put it another way, Huobi may now provide fiat to cryptocurrency trading services in China.

• Bitwage partners with Casa, Edge Wallet for Bitcoin payroll services.

Bitwage, a bitcoin payroll solution, is teaming with Casa and Edge Wallet to onboard companies to Bitcoin. Bitwage argues in a press release that one of the biggest challenges for bitcoin as a payroll alternative is educating workers. The Bitcoin payroll solution company used to ask customers for their bitcoin wallet address.

• Japan’s central bank abandons CBDC owing to public disinterest. (A Big Win Against The Globalists For Now).

To keep pace with other central banks, the Bank of Japan began testing a Yuan-backed CBDC in April of this year, following a trend that began in other countries as early as 2021. According to the findings of the bank, the majority of Japanese people have little interest in CBDCs. As far as the globalists and their 4th Industrial Revolution are concerned, this is a major setback.

• One of the biggest buyers of Ethereum is buying these other coins.

80, 000 FTX Tokens and 2.05 million Polygon tokens have been acquired by an Ethereum whale named “Bonobo,” who is now rated 4th on WhaleStats. The 500 largest ETH whales bought and exchanged the most FTX Token, MATIC, and ApeCoin (APE) in the previous 24 hours.

• Honduras’ central bank warns against cryptocurrencies.

According to a press statement from the Central Bank of Honduras, the bank’s policy on the usage of cryptocurrencies in Honduras has been clarified. Even while cryptocurrencies have been popular in other nations, the group claims that they lack any type of support and are also very volatile.

• Helium entangled in a web of deceptions about its business relationships.

Helium may have deceived the public about its business relationships, according to recent reports. According to the sources, Lime and Salesforce are not working together with the firm, as it claims on its homepage.

• In Crypto Winter, Ledger Seeks New Funding.

Despite the present challenges, crypto hardware wallet developer Ledger is trying to raise a minimum of $100 million in new capital at a higher valuation. Last year in June 2021, the firm raised $380 million at a value of $1.5 billion.

• The Shiba Inu’s Rate of Burning Increases by 130%.

Users have been burning up to 1 billion Shiba Inu tokens every day since the Shiba Inu crypto card was announced, drastically reducing the supply, which is one of the primary conditions for SHIB to have a chance to reverse on the market.

• Ethereum Foundation Awards $2 Million in Grants to Developers.

The Ethereum foundation announced a $750K grant to support “formal, scientific, and methodical” research efforts to improve the Ethereum network. The $750,000 grant allocation was quadrupled to $2 million. The quantity of excellent project ideas submitted surpassed the foundation’s expectations.

• Former Voyager executive seeks reorganization plan.

Voyager’s former CIO Shingo Lavine and his father and business partner Adam Lavine protested in a filing to Voyager’s request for an order authorizing logistics linked to the approval of its restructuring plan. Rather than continuing with loans, they proposed integrating live trading with the release of a recovery token in order to retain customers on the platform.

• DAO Infrastructure is being deployed in the collapsed Terra Ecosystem.

Terra’s main Twitter account follows @enterprise dao, which has the bio “Building a new standard for DAOs on Terra.” The “Enterprise Protocol” is designed as a new standard infrastructure to develop DAOs on Terra, a source informed Blockworks on condition of anonymity.

• On Monday, Israel will impose a cash payment cap of $4,400.

As of August 1, Israelis will not be able to spend more than $1,760 in cash for commercial transactions. A legal company says this regulation applies to contributions, loans, salary, and business payments. Citizens, also, will be prevented from making cash payments exceeding $4,400.

• Dogecoin, among others, are supported by Mercuryo.

Dogecoin (DOGE), XRP, Fantom (FTM), Circle’s USDC stablecoin, and Litecoin can now be used on the global payment network Mercuryo. Mercuryo uses cryptocurrencies to make cross-border payments that are quick and easy.

• Mainnet Deployment of Cardano Stablecoin Djed has been pushed back.

Djed, Cardano’s mainnet stablecoin, has been updated by COTI, a major enterprise-grade financial organization. Cardano’s Djed deployment on the mainnet will be postponed with the postponement of the Vasil hard fork launch, according to a COTI blog post.

• FTX is the only cryptocurrency exchange in Dubai to get a “MVP license.”

FTX is the first crypto exchange to get Dubai’s “Minimum Viable Product” license. The FTX Exchange FZE will provide institutional investors regulated crypto derivatives products and trading services. Crypto exchanges will also manage an NFT marketplace and offer custody.

• CoinFLEX cuts staff to save money.

Troubled crypto exchange CoinFLEX has layed off a “substantial number” of staff to minimize expenses and concentrate on its main business. CoinFLEX suggested a strategy to reimburse depositors and bolster its finances while it sought to collect $84 million due by a “big individual client.”

• Scam Tokens: The Dogecoin Community Issues an Alert.

Members of the Dogecoin community have issued an alert about fakes that claim to be affiliated with Dogecoin and its Dogechain block explorer. “Dogechain,” a concept that purports to offer usefulness to Dogecoin by placing “wrapped DOGE coins on the smart contract bridge,” is at issue.

• For dApp Users, VeChain eliminates transaction fees.

Recently, the flexible L1 smart contract platform VeChain announced that it has reached yet another significant milestone in its ecosystem. The site has already funded over 2 million VTHO using VeChain Fee Delegation as leverage, allowing artists, collectors, and projects to interact and develop together.

• Vitalik Buterin says Optimism, Arbitrum, and ZkSync aren’t optimal.

Vitalik Buterin, co-founder of Ethereum, tweeted Friday that current rollups aren’t designed to lower transaction fees. Despite several clear options to minimize Ethereum gas prices and transaction speed, it’s early and rollups need additional fixed and per-transaction improvements. The Merge aims to increase Ethereum’s transaction speed, improve efficiency, and reduce transaction costs. Ethereum’s scalability will be improved through a “rollup-centric plan.”

• Community approves ApeCoin plan to fund 24-hour BAYC news site.

The community has adopted a proposal known as AIP-70, which calls for transferring money from the project’s ecosystem fund to improve the news site. For the first year, the Bored Ape Gazette website will cost $150,000 to maintain and update.

• SushiSwap’s new CEO, Jonathan Howard, has been nominated through a new governance system.

This was announced in a piece written by SushiSwap writer JirOno: “We’ve sourced the candidate we believe represents the best option for Sushi and are now looking to present this candidate to the Sushi community.”

• Step Finance Acquires SolanaFloor.

110,000 monthly customers use Step Finance’s Solana analytics platform. Step began as a SolanaFloor client before winning a hackathon in 2021. SolanaFloor’s purchase will help it grow to NFTs.

• A whopping 40 million XRP have been deposited on a single centralized exchange.

On centralized exchanges, the wallet has been generating 5-150 million XRP transactions per day. Transaction patterns indicate that the wallet is linked to a service rather than a retail trader or an investment.

• Polygon will now provide Clearpool customers uncollateralized stablecoin financing.

Uncollateralized USDC loans are provided by Clearpool to institutions that use decentralized liquidity pooling systems. A stablecoin lending pool for institutions on the Polygon network will be launched as a result of this integration.

• Zipmex has filed for bankruptcy protection in Singapore to stave off creditors.

Zipmex claims that on July 22, its lawyers at Morgan Lewis Stamford LLC submitted five moratorium petitions under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 on behalf of numerous of its firms.

• Binance Will Support the Upgrade to the Terra (LUNA) Network.

The upgrade to the Terra (LUNA) network will take place at the block height of 890,000. The LUNA platform will no longer provide deposits or withdrawals.

• Gemini has secured Australia’s first unlisted crypto fund, which will be protected by the firm.

One of the first unlisted retail Bitcoin (BTC), ether (ETH), and filecoin funds has been launched by Holon, a digital asset venture capital company and fund manager, in cooperation with the Gemini exchange.

• FCF Pay adds Floki Inu support, allowing merchants to accept FLOKI as payment.

FCF Pay supports canine-themed cryptocurrencies, like SHIB Trifecta (Shiba Inu, BONE, and LEASH) and Baby Doge Coin (BabyDoge).

• Members of the AAVE Community Have Approved a Stablecoin Pegged to the Dollar.

Users may mint the GHO stablecoin against unfinalized crypto assets. GHO borrowers will receive interest on provided collaterals, like Aave transactions.

• Cardano has launched the world’s first blockchain-backed clothing line.

When a customer buys a shirt from Origin Thread, they can scan the UFC tag to view a video of how it was made.

• Following Bitcoin’s Decline, El Salvador Is Buying Back Debt.

El Salvador may be on the verge of default, therefore president Nayib Bukele is taking steps to lower the country’s debt. This year, Bukele made headlines when he tweeted about his regrettable use of El Salvador’s state funds to buy bitcoin.

• Stablecoin Beanstalk Raises $9M for Market Protocol after it was hacked.

Due to a $180 million theft of Ethereum-based stablecoin Beanstalk, the company has yet to restart operations. Investors, on the other hand, seem to have put the Beanstalk-built market procedure behind them. Seed investment for Root’s zero-fee decentralized marketplace was $9 million.

• Ethereum’s Mainnet Shadow Fork 10 Lives Before Merge.

Due to the network’s ongoing testing ahead of the planned transition from proof-of-work to proof-of-stake, Ethereum’s eleventh shadow fork went into effect 26 hours sooner than intended. The main network (mainnet) has been copied to a test environment network via a series of test forks in order to prepare Ethereum (testnet).

• A Number of Vauld Creditors Take “Hostile” Action Against the Organization.

Debtor Vauld has $402 million to pay. Ninety percent of that total, $363 million, originates from deposits made by individual retail investors.

• Tether says it has no Chinese commercial paper in its possession.

According to Tether, since the beginning of this month, it has cut its exposure to commercial paper by $4.7 billion. Its commercial paper reserves have shrunk by 88% from $30 billion in July 2021 to $3.7 billion now.

• Fantom’s burn fee supports ecosystem initiatives.

Fantom will contribute 10% of its transaction fees to the vault’s funding. The burn cost for the network is 30%, so this 10% is a third of that. When transaction fees are burned in crypto, instead of being utilized to reward validators, they are thrown away. Because a fraction of a token’s supply is continually burnt, this practice may help reduce the overall quantity of the token.

• Harmony proposes minting 4.97B tokens to compensate victims.

In the community, there has been a lot of pushback against this idea since many people are worried about the inflationary effect it would have on the asset and how it would affect its value.

• Uniswap’s ‘fee switch’ would reduce liquidity provider payouts.

Uniswap’s token trading cost is 0.3%. The charge is put into liquidity reserves, and liquidity providers (LPs) get a dividend based on their contribution. The proposed fee flip, or protocol charge, would provide 0.25 percent of the 0.3 percent fee to LPs and 0.05 percent to UNI token holders.

• Infrastructural Development Deal Worth $50 Million for Crypto Snack.

Tokens listed on Decentralized Exchanges and Centralized Exchanges may be found at GEM Digital, a digital asset investment business. Using the GEM funding, the Crypto Snack team plans on expanding the platform’s ecosystem.

• Uniswap and Curve are now vying for DeFi’s top DEX spot.

Uniswap‘s TVL has risen by 24% since the beginning of May, while Curve’s has decreased by 69%, according to the latest reports.

• The ‘nano’ bitcoin futures’ product at Coinbase is seeing record sales.

Coinbase’s spot trading volumes fell from $200 billion in May to $59 billion in July. New retail traders are pouring into its “nano” bitcoin futures product, which smashed volume records three days in a row last week.

• Binance is giving away 10,000 DOGE.

Binance is giving away 10,000 DOGE to celebrate its one birthday. New gift card users satisfying the conditions may share a 7,000 DOGE pool. Existing gift card users will share a 3,000 DOGE reward pool beginning July 24 at midnight.

• The announcement of Curve Finance Stablecoin leads to a rise in the price of CRV.

Curve Finance’s creator, Michael Egorov, has announced that the business is nearing the introduction of its own stablecoin, which has boosted CRV’s performance.

• OpenSea and Rarible Orders are now supported by the Coinbase Wallet.

Coinbase Wallet’s NFT trading stack gets improved, according a Twitter statement. This improvement aims to streamline and simplify NFT trading.

• Neopets, an online game, was hacked and the information of 69 million users was leaked.

Neopets hosts 69 million accounts and is having issues. Neopets reported that a big data breach happened yesterday, confirming a Discord post.

• The Community Is Disappointed With The New Update To ApeCoin DAO.

The ApeCoin DAO unveiled a sophisticated ApeCoin staking mechanism in a tweet today. The community is dissatisfied by ApeCoin staking’s delay and criticizes the APE Foundation for being less honest.

• “Full Sudoswap Support” Will Be Available from Uniswap.

Uniswap is integrating Sudoswap, a decentralized NFT exchange, showing NFT ambitions are well underway.

• A bear market in Bitcoin has increased the Lightning Network’s capacity to an all-time high.

The current development indicates rising trust and network use as it matures and improves.

• FTX is Interested in Acquiring Bithumb, According to Recent Reports.

FTX is in the final stages of negotiations to buy Bithumb, a social media platform with over 8 million registered members. According to reports, the discussions have been ongoing for “many months.”

• Cryptocurrency Investment Funds Like 3AC, Celsius, and Others Wasted Nearly $6 Billion.

Following the May-June market liquidation, cryptocurrency investment funds lost $6 billion in Bitcoin. Luna Foundation Guard lost the most.

• While “the Merge” approaches, Ethereum Classic surges 100 percent in only nine days, outpacing the rise of the Ethereum network.

Speculators expect Ethereum Classic to become the top option for Ethereum miners, driving ETC’s price increase.

• Protocol for the Solana NFT utility, Cardinal, has secured a seed round of investment totaling $4.4 million.

Cardinal provides a Solana protocol with renting, staking, and ticketing use cases to boost NFTs.

• Look To The Right accepts Bitcoin through BTCPay Server.

One of the most prominent search engine marketers has begun accepting Bitcoin payments through BTCPay, indicating that Bitcoin is on its way to greatness. Look To The Right is a Raleigh, North Carolina SEO firm. Customers are promised that they will get only the best search engine marketing services from this business.

• Traders in Australia’s wholesale market may now trade cryptocurrency CFDs via Binance.

In August, the Australian financial industry authority issued a broad warning against unregulated cryptocurrency exchanges, prompting Binance to cease providing all derivatives products in Australia.

• Floki Inu DAO Is Taking Into Consideration Two Solutions to the Problem of Blacklisted Wallets.

In April 2021, the Floki Inu development team told customers not to purchase $FLOKI V1 since this version’s smart contract had several flaws, causing the $FLOKI supply to increase by 14 times in less than two weeks.

• In spite of U.S. sanctions, a Chinese company is developing chips that can mine Bitcoin.

According to reports, Semiconductor Manufacturing International Corporation looks to be offering Bitcoin mining chips based on the 7-nanometer technology.

• 32,000 Bitcoins were bought by Tron Dao.

Over $60 million was spent by the Tron Dao Reserve in order to convince the market that the project would succeed.

• The Saudi Basic Industries Corporation has started a Blockchain pilot project.

The Saudi Basic Industries Corporation believes that the blockchain pilot would uncover the potential of the technology: “in supporting end-to-end digital traceability of circular feedstock in customer products.”

• PRINTFUL, an on-demand printing company in California, now accepts Shiba Inu.

According to Printful: “You can choose crypto as your payment method when manually creating new orders or add crypto funds to your Printful Wallet. Both options are available only if you are a registered Printful user and have a Printful account.”

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