Market
Culture
Crypto trading addicts pay $90k to treat “addiction”
The rise of retail trading options plus the proliferation of digital assets has led to concerns about crypto addiction.
NFTs
Kraken joins list of centralized exchanges with NFT marketplace
Kraken’s marketplace offers users an avenue to carry out gas free NFT transactions.
Investments
Report: Crypto mortgages are too risky
Weiss Rating report stated that pooling crypto loans could be risky as it it was a similar strategy that led to the housing market crash and the Great Recession of 2009.
DeFi
DeFi TVL drops below $200 billion as major protocols falter
All major DeFi protocols like Curve Finance, MakerDao, Lido, Convex Finance, and Aave lost an average of 11% of their TVL within the last 30 days.
Legal
Dfinity is suing Meta over the use of “its logo”
Dfinity says Meta’s use of the logo could bring harm to its reputation.
Taxes
India eyes 20% taxation on DeFi gains
India tax department wants to implement a 20% tax on DeFi gains that could be withdrawn from the source.
Regulation
SEC looks to prevent Ripple from getting vital document about its case
The SEC has filed a motion that looks to protect documents that show its former finance director, William Hinman, stated that Bitcoin and Ethereum were not securities.
Regulation
Belgian regulator mandates registration for companies providing crypto-related services
Crypto companies looking to operate in Belgium must have a corporate structure, hold a minimum capital of €50,000 and register with the Belgian financial watchdog.
Culture
CoinMarketCap describes Ripple’s XRP as an “impostor” cryptocurrency
Ripple’s community stated that CoinMarketCap’s tweet revealed its bias against XRP.
Metaverse
ApeCoin reaches new high as Otherside launch looms
Otherside metaverse lands would only be sold to wallets that are KYC-approved.
Adoption
Cuba embraces crypto regulation with new directive
Cuba will give virtual assets service providers operating in the country an initial one year license.
Hacks
Deus DAO suffers another flash loan exploit, loses over $16M
Deus team has stated that the latest attack did not result in the loss of any of its users’ funds.