Governance
Legal
FTX lawfirm hit with class action over alleged role in FTX cover up
High-profile law firm accused of abetting FTX in monumental fraud and misuse of customer funds
CBDCs
Brazil to launch CBDC ‘DREX’ in 2024 said to improve financial accessibility amid centralization concerns
Examining potential risks and rewards in Brazil's blockchain move with 'DREX'.
AI
Protect against new AI attack vector using keyboard sounds to guess passwords over Zoom
AI acoustic analysis decodes 95% of Zoom keystrokes, a statistic that's ringing cybersecurity alarms.
Crime
DeFi total losses breach $77B as July records largest loss of 2023 with $389M stolen
Ethereum attracts most fire: exploit losses soar in July's DeFi landscape.
Adoption
PayPal stablecoin PYUSD launches on Ethereum
PayPal pushes the digital currency frontier with USD-backed stablecoin, fostering seamless conversion and regulated transactions.
Analysis
Largest Bitcoin ETP outflow since March as profit taking continues
Digital asset market reports largest Bitcoin outflow since March, while altcoins witness promising inflows.
Exchanges
Huobi insolvency rumors denied as USDT reserves decline on all exchanges except Binance
Huobi struggles to maintain trust amid accusations of artificially boosting DeFi applications with undisclosed reserves.
Exchanges
US exodus as Revolut now ‘suspends’ crypto access in country amid regulatory uncertainty
Regulatory cloud in US prompts crypto hiatus for Revolut giving users until October to remove funds
Exchanges
Coinbase files motion to dismiss SEC lawsuit in its ‘entirety’
Against SEC headwinds, Coinbase dares to dismiss lawsuit amidst industry uncertainty.
Trading
Social media bots suspected in possible FTX crypto price manipulation, reveals report
FTX-listed assets see price change foreshadowed by bot chatter.
Regulation
Elizabeth Warren pressures Treasury, IRS for swift action on $50B crypto tax loophole
Warren's urgent call for safeguarding billions in tax revenue hinges on immediate crypto tax regulation.
Legal
Australia ASIC sues eToro alleging lax oversight of crypto derivatives, causing consumer losses
Financial watchdog ASIC clamps down on eToro over broad CFD target markets
