Market
Regulation
Thailand’s SEC sues 5 for wash trading activities
Thailand's SEC has increased its regulatory oversight over the crypto space since the crypto market crash, focusing on protecting traders.
Exchanges
FTX US President Brett Harrison stepping down
Harrison said he is moving into an advisory role while transferring his duties over the next few month.
Bankruptcy
Celsius CEO Alex Mashinsky resigns; CEL tanks
Celsius immediately announced the appointment of Chris Ferraro as the Chief Restructuring Officer and Interim Chief Executive Officer.
Technology
Polkadot looks to 10x transaction speed in new updates
The asynchronous backing update will be ready for deployment on Kusama by the end of 2022.
Technology
ATOM up 3% as Cosmos releases new whitepaper
The whitepaper is currently a proposal, but the recommended upgrades are expected to happen on-chain next month.
Lending
California issues cease, refrain order to Nexo over offering clients an Earn Interest Product
The state financial regulators stated they were increasing regulatory scrutiny "against interest-bearing cryptocurrency accounts.”
Merge
Miners flee PoW tokens as token prices tank, GPU value flounders
Reports have revealed that the value of GPUs have dropped by as much as 40% in China since the Ethereum merge.
People
Terra founder Do Kwon claims he is ‘making zero efforts to hide’
Kwon said he "found nothing" when questioned about Interpol’s red notice alert.
Research
Research: How low can Bitcoin price go?
Former BitMEX CEO Arthur Hayes said traders in long positions on Bitcoin should be wary of the asset's value falling to $17,500.
People
Ethereum developers, Cardano founder Charles Hoskinson get into a Twitter feud
Hoskinson said Ethereum developers are stuck on technology from 2014 and need to grow up and move on.
CBDCs
China arrests 93 people suspected of laundering 40B RMB via crypto
Chinese authorities also busted a money laundering operation in Fujian where criminals used the digital yuan to launder 200 million RMB.
Bankruptcy
Celsius shareholders want their own legal representation in bankruptcy case
The shareholders want Celsius to "dollarize" the crypto holdings of its customers.