Cointelegraph

⁠Senator asks FDIC about allegations it discourages bank relations with crypto companies Sen. Pat Toomey says he has information from whistleblowers that the FDIC without a legal basis is discouraging banks from dealing…

⁠'There's a lot less land to go around' — why White Rock established off-the-grid mining in Texas “The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Tex…

⁠European Central Bank addresses guidance on licensing of digital assets Specifically, the ECB will consider crypto firms’ business models, internal governance, and “fit and proper” assessments which apply to licensing o…

⁠Fed adds a new layer of bureaucracy for US banks engaging in crypto asset activities The U.S. Federal Reserve Board has issued new instructions for banks engaging in crypto asset activities that include running their pl…

⁠Quebec Pension Fund loses almost entirety of its Celsius investment in less than ten months "For us, it is clear, when we look at all this, we arrived too soon in a sector which was in transition," says CEO Charles Émon…

⁠Celebrities called out for shilling NFTs: Nifty Newsletter, Aug 10–16 A Polygon executive highlighted that NFT games have an advantage over traditional "money in, no money out" gaming business models.

⁠Economic design changes will affect ETH's value post-Merge, says ConsenSys exec Lex Sokolin said that post-Merge, DeFi projects will have to compete with the returns offered by the core ETH protocol.

⁠Tornado Cash sanctions will ultimately undermine the US and strengthen crypto Like any aging empire, America is reacting to its competition.

⁠Study: Insider trading occurs in 10% to 25% of cryptocurrency listings The study found abnormal levels of return in a sample of tokens just before their listing announcement on Coinbase.

⁠Another crypto CEO steps down as Genesis Trading restructures leadership Ignite CEO Peng Zhong, MicroStrategy CEO Michael Saylor, and now Genesis Trading CEO Michael Moro — top executives have departed crypto firms or s…

⁠Ethereum Foundation clarifies that the upcoming Merge upgrade will not reduce gas fees The Merge will still reduce the network's energy consumption by an estimated 99.5%.

⁠Pushing Bitcoin to become more scalable with zero-knowledge proofs Cointelegraph Research explains the EC-STARKs technology and discusses what this means for the cryptocurrency market.

⁠Bitcoin price dives pre-FOMC amid warning $17.6K low was not the bottom The bottom "is not in" for either stocks or crypto, one analyst believes, as alarming data shows copycat moves from 2008 by the S&P 500.

⁠Fake Manchester United token soars 3,000% after Elon Musk jokes about buying team Other Manchester United-related assets also rallied after Musk's tweet, as well as Manchester City's fan token.

⁠Blockchain VC Shima Capital debuts with $200M Web3 fund The venture firm, which was founded in 2021, is prioritizing decentralized social media, DAOs, DeFi, metaverse, zero-knowledge proofs and layer-1 solutions.

⁠Binance assures users after 3rd-party glitch briefly halted withdrawals The exchange cited technical issues as the reasons for halting withdrawals across multiple networks earlier this morning.

⁠Indian police launch probe into BitConnect founder wanted by US SEC The Indian police launched an investigation against BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he relocated from India.

📰 Top Crypto News 📰 🆕 Crypto .com’s newest registration 🇨🇴 A digital currency in Colombia? 🏈 Crypto in the NFL 🤯 Celsius to mine and sell BTC 🤔 Coinbase decision on ETH & ERC-20 tokens

⁠Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the Terra invest…

⁠UK hits double-digit inflation for the first time in 40 years At 10.1% inflation, the United Kingdom joins 2 billion people around the world suffering as price rises erode people's purchasing power.

⁠Troubled miner returns 26,000 rigs to eliminate debt The mining operator entered into a deal with NYDIG to sell rigs to alleviate $64.7 million in outstanding debt.

⁠CoinFund launches $300M early-stage Web3 venture fund The New York- and Miami-based VC firm said several of its seed-stage crypto investments are preparing Series A funding rounds.

⁠Web3 gives creators in emerging markets a shot, says Faro Company CEO Mehmet Eryılmaz said that Web3 opens up opportunities for creators to properly showcase their culture through films and music.

⁠EthereumPoW team plans to freeze selected contracts, community pushes back The PoW hard fork of Ethereum is being propagated by a set of miners, but many experts believe that the chances of it succeeding is very less.

⁠Colombia to prevent tax evasion with national digital currency: Report A national digital currency would help curb tax evasion in Colombia, which is estimated at up to 8% of GDP, the head of Colombia’s tax and customs a…

⁠Another depeg — Acala trace report reveals 3B aUSD erroneously minted As the dust settles on another decentralized finance exploit, Acala continues to trace tokens that were erroneously minted after a misconfiguration i…

⁠What is CeDeFi, and why does it matter? Ever heard of CeDeFi? This combination of centralized and decentralized models has the potential to make crypto transactions much easier.

⁠Bitcoin price sees firm rejection at $24.5K as traders doubt strength $24,500 keeps control on hourly timeframes as gains for both Bitcoin and Ethereum are quickly extinguished.