DeFi
Regulation
IMF releases Bitcoin (BTC) ‘risk’ warning… again
The international financial institution found it fitting to revive the warnings published in a blog post a month ago and recapped that recognizing Bitcoin as national currency represents an “inadvisable shortcut.”
DeFi
DeFi tool Cream Finance hit for over $18 million. Suffers second hack in six months
The hacked DeFi lending protocol already suffered a bigger exploit in February this year.
Adoption
‘Dogenations’ campaign wants to raise Shiba Inu-inspired Dogecoin for homeless animals
The Midwest's largest no-kill animal shelter has announced accepting crypto donations.
Adoption
Cuba jumps on Bitcoin (BTC) bandwagon. Considers legal recognition
The Cuban government, which has been actively reviewing possible ways of adopting cryptocurrency to overcome their financial struggles, has opened the door to Bitcoin (BTC).
Investments
HK firm Meitu nurses Bitcoin (BTC) losses after buying the top in April
Meitu reported a $17,3 million impairment loss on its Bitcoin holdings in the first half of 2021.
Banking
Morgan Stanley holds over $36 million worth of Bitcoin (BTC) via Grayscale
The Wall Street giant increased its crypto exposure with large investments in the Grayscale Bitcoin Trust.
Adoption
Cardano Foundation (ADA) signs on Coinfirm to comply with FATF norms
Cardano Foundation partnered up with Coinfirm in order to bolster the security of the crypto and blockchain economy.
Adoption
Central American bank: Bitcoin’s (BTC) success in El Salvador could mean legalization in other countries
If Bitcoin (BTC) substantially cuts remittance costs in El Salvador, other Central American countries will most likely adopt it as well.
KYC
Crypto sees potential trouble as US blocks changes to infra bill
Despite calls from Democrats and Republicans to revise the cryptocurrency tax proposal, the House Rules Committee agreed on restricting amendments for the controversial infrastructure bill.
Investments
Cardano (ADA), Solana (SOL) are increasingly seeing institutional bets. Here’s why.
After six straight weeks of outflows, digital asset investment products saw net inflows totalling $21 million.
Adoption
Terra (LUNA) sets new ATH as network activity increases
Terra’s native token LUNA broke $34 today, setting its new all time high.
Adoption
200 Bitcoin ATMs installed in El Salvador ahead of legal tender adoption
There are roughly two weeks left until Bitcoin (BTC) starts circulating the mainstream space as a legal tender in El Salvador.