Trading
Culture
Bitcoin user’s costly error leads to record transaction fee of $510,000
The average transaction fee on the Bitcoin network was less than $3.
Technology
Ripple’s acquisition of Fortress Trust adds to company’s regulatory licenses
Ripple now holds more than 30 U.S. states money transfer licenses.
Technology
Tangem applet receives certification from VISA; set to launch self-custodial payment solution
Tangem said it recorded a 738% growth in MAU'S since the product's release last year.
Exchanges
Bitget to promote trading and market education with UK crypto tour
Bitget aims will offer prizes and rewards as part of its national tour promoting the value of market knowledge and trading proficiency.
Regulation
French influencers now must pass test to promote crypto and other financial products
AMF Chair said the certifications would help to professionalize the space.
Regulation
CFTC Commissioner proposes sandbox scheme for digital assets amidst crackdown on DeFi platforms
The CFTC said three DeFi platform illegally offered leveraged and margined retail commodity transactions in digital assets.
Crime
Thodex founder handed over 460 life sentences in prison for massive Turkish crypto scandal
Fatih Özer has maintained his innocence despite his heavy prison sentence.
Bankruptcy
Former FTX co-CEO Ryan Salame pleads guilty, forfeits $1.55B
Salame's testimony holds potential significance, particularly regarding the illegal campaign finance charges against Bankman-Fried..
Stablecoins
Palau to discontinue dollar-based stablecoin two months after launch
The island nation announced it would end its stablecoin program by the end of September, roughly two months after rolling out the token in July.
Exchanges
Coinbase insiders dump over $30M stocks amid SEC lawsuit, but share value defies odds
Coinbase CEO Brian Armstrong led the sales of the company stocks
Exchanges
Crypto trading sinks to 2019 levels as Binance sees market dip and Huobi volumes surge
Huobi Exchange spot trading volume surged by 46.5% to $28.9 billion in August.
Crime
Crypto whale loses over $24M staked Ethereum to phishing, as ‘verified’ X scams surge
Web3 security firm Kaspersky said crypto-related phishing scams have grown by 40% this year.
