DeFi
Culture
Dogecoin, Musk, and $60 million NFT froth: Why Ruffer sold $1bn in Bitcoin
The British asset manager perceived the glut of the bull market as its cue to pull out.
Adoption
The people of El Salvador are protesting against Bitcoin bill
After polls showed the majority of citizens don’t trust the new Bitcoin bill, protestors hit the streets outside the National Assembly in El Salvador.
Adoption
Elon Musk fancies running a Dogecoin node in space (and teases Tesla’s Bitcoin adoption)
Dog and meme lover Elon Musk teased the idea of a space heater that mines crypto.
DeFi
How SushiSwap’s “next Generation AMM” helps users to tailor their own liquidity pools
Set to revamp the DEX platform, the Sushi team built a new automated market maker dubbed Trident.
Hacks
BSC DeFi app ‘Pancakebunny’ releases post-mortem of $2.4 million exploit
1,281 Ethereum (ETH) worth approximately $2.4 million stolen in a flash loan attack.
Memecoins
Dogecoin (DOGE) trading volumes hit billions of dollars in 2021
Listed on major exchanges, the meme token‘s average daily trading volume surged during the second quarter of the year.
Legal
SEC vs. Ripple update: Agreement to reschedule deposition on Ethereum and XRP
After SEC unsuccessfully tried to quash the former agency director from testifying the parties made substantial progress in resolving the privilege issues and agreed to reschedule the deposition.
Regulation
US Feds want to tame ‘wildcat’ stablecoins like Tether and USDC
A Yale economist and an US Federal Reserve attorney urged supervision, while addressing the porous regulation risk presented by stablecoins.
People
Daddy Doge token’s price pumped by Elon Musk’s casual shout
“Head of the DOGE Family '' meme token trends thanks to Elon Musk’s shout caught on video.
Legal
After UK and Cayman Islands, Binance now faces regulatory concerns in Italy
Another financial regulator singles out the exchange by issuing a notice, warning Binance is not authorized to provide investment services and activities in Italy.
DeFi
Cardano (ADA) testnet gets ‘hard forked’ to AlonzoWhite node
Another successful upgrade that will bring smart contract functionality to the Cardano blockchain has been achieved.
Regulation
Here are the details of Paraguay’s “Bitcoin Law” proposal
The final version barely mentioned the tax burden, highlighted in previous drafts of the bill.