Trading
CBDCs
China to respect privacy of digital yuan users, eyes more adoption
China is doubling efforts to increase digital yuan adoption and usage by creating tailor-made products for the currency.
Bankruptcy
Voyager rejects FTX’s ‘low ball’ offer, calls it ‘misleading’
Voyager's letter said FTX's offer is designed to "generate publicity" for the SBF-led firm "rather than (add) value for Voyager's customers."
Exchanges
FTX in talks to buy South Korea-based Bithumb
The two companies have reportedly been in talks for months, and there are indications of the negotiations being at an advanced stage.
Bankruptcy
Three Arrows Capital liquidators control $40M of the fund’s assets
The liquidators said the fund's assets consisted of bank accounts, cryptocurrencies, NFTs, and stakes in other firms.
Bear Market
Tesla, MicroStrategy, Block’s bet on Bitcoin leads to $5B loss on books in Q2
Bitcoin's 59% decline during the second quarter resulted in significant losses for Tesla, MicroStrategy and Block based on their previous holdings disclosure.
Exchanges
Coinbase denies listing securities, says SEC should provide regulatory framework
The SEC has been accused of using enforcement actions to bring all digital assets into its jurisdiction.
NFTs
How this NFT whale lost $150K to a ‘joke’
Franklin admits there is a "0% chance" he would get back his funds as some crypto community members troll him for his loss.
Regulation
US lawmakers propose bank-like regulation for stablecoin issuers
Stablecoin issuers would be forced to have their reserves backed in conservative assets like cash and US Treasury bonds that would not be vulnerable to market panics.
Taxes
South Korea defers 20% crypto tax implementation to 2025
Government officials tied their decision to postpone the crypto tax to the stagnant market condition and the lack of an investor protection system.
Crime
Finland earns $48M from sales of seized Bitcoin
The sold Bitcoins were connected to digital assets seized by the authorities for facilitating narcotics and doping substances transactions.
Investments
Tesla has sold 75% of its Bitcoin holdings, earning $936M
Tesla revealed that its Bitcoin trade brought $936 million to its balance sheet.
Investments
FTX in talks to raise funds amid spending spree to prevent contagion
FTX and its US division are reportedly seeking to raise new funds at the same valuation of January, 2022.
