Market
Culture
Binance CZ’s $65B networth makes him almost 3x richer than FTX SBF
SBF is no longer the richest man in the crypto space, that title now belongs to Binance CZ.
Crime
U.S. prosecutors secures $34 million crypto assets forfeiture
Authorities in Germany closed down Russian darknet marketplace (DNM), Hydra and seized Bitcoin worth $25 million.
NFTs
Report: Wash trading accounts for 95% of LooksRare trading volume
LooksRare incentives for active traders on its platform appears to incentivizes the wash trading acts.
Gaming
Axie Infinity had been losing gamers prior to the Ronin Network hack
Axie Infinity users had plunged from a high of over 8 million to around 1 million before the Ronin bridge hack.
Taxes
Trading volume drops as 30% capital gains tax on crypto goes into effect in India
Crypto stakeholders are predicting that the 1% tax on every transaction will affect liquidity within the sector.
Scams
Famous French influencer masterminds $960k NFT rug pull
There are indications that the French star used proceeds from the Billionaire Dogs NFT rug pull to purchase Mutant Ape, Doodle and CloneX NFTs.
Regulation
Australia continues regulation drive with new policy targeting crypto and financial influencers
A 2021 survey in Australia revealed that 33% of Australian citizens follow a financial influencer.
Mining
Bitcoin mining network difficulty reaches new all-time high
Although Bitcoin mining difficulty is rising, the network hash rate has yet to see an increase.
Regulation
Will Indonesia’s decision to tax crypto stifle local adoption?
Indonesia will impose a 0.1% Value Added Tax that will be deductible at the source on all crypto transactions in the country.
Crime
Turkey wants crypto scammer jailed for life
The founder and CEO of Thodex exchange has been on the run since last year after his firm was discovered to have perpetrated a fraud.
Analysis
VanEck predicts Bitcoin would be worth at least $1.3 million if considered global reserve currency
Bitcoin value would be between $1.3 million to $4.8 million if it becomes the global reserve currency, according to VanEck
NFTs
Did a billionaire’s son buy NFTs on insider knowledge?
Arnault made a bid on five of the ten rarest HypeBear NFTs and won three of those bids.