DeFi
Adoption
XRP volumes nearly doubled in Q2 2021, Ripple report shows
Despite the ongoing lawsuit, XRP daily trading volume doubled in Q2 to $4 billion.
Adoption
El Salvador to officially adopt Bitcoin as legal tender on September 7
Bitcoin as the official currency through everyday economics of crypto adoption.
Taxes
US senators eye the crypto market for potential $28 billion in tax revenue
The Senate proposes stricter crypto taxes to fund a portion of the US $550 billion investment into infrastructure.
Adoption
XRP jumps 19% as Ripple announces ODL corridor in crypto-friendly Japan
As a part of its expansion in the APAC region, the company announces a new partnership.
Exchanges
End of an era? Binance’s CZ to possibly step down amidst regulatory tensions
Binance founder ready to give up his reins to someone with cultivated regulatory background.
Legal
Tether (USDT) slams Bloomberg over criminal probe accusations
According to Tether, recent allegations that its executives are facing a criminal probe into bank fraud are just an example of continued pursuits to discredit the high-profile project.
Adoption
After El Salvador warning, IMF says accepting Bitcoin as national currency is “a step too far”
The IMF addressed widespread adoption of Bitcoin, claiming it would jeopardize macroeconomic stability.
Investments
What bear market? Crypto firms raised over $4.4 billion in Q2 2021 alone
Despite the downward market trend, funding for blockchain start-ups increased.
Stablecoins
Tether (USDT) faces criminal probe in the US, report says
According to undisclosed sources, Tether executives are facing a criminal probe into bank fraud.
Exchanges
Binance cuts AUD, EUR, GBP trade pairs amidst regulatory crackdowns
After restricting stock token trading on its platform and adding new leverage limits, Binance will delist AUD, EUR and GBP cross and isolated margin pairs.
Exchanges
Coinbase hit by securities class action following $86 bn NASDAQ listing
After being sued over a “misleading” Dogecoin campaign, the biggest crypto exchange in the US is facing a lawsuit over NASDAQ listing.
Legal
Ripple transfers 60 million XRP even as US SEC lawsuit crawls on
Ripple and Binance caught on radar as 110 million XRP got moved, while the company keeps bolstering its fair notice defence in the lawsuit against SEC.