Market
Crime
DOJ initiates first NFT rug-pull prosecution with charges against Frosties founders
Prosecutors revealed that the suspects were working on a new NFT scam project.
Regulation
Crypto firms face critical deadline in the UK
UK’s FCA handling of the crypto firm’s registration with it has left a lot to be desired in the industry.
Adoption
US Senate considers Bill to limit exposure to El Salvador Bitcoin Experiment
President Bukele has reacted negatively to news of a US committee passing a bill on its Bitcoin adoption.
Sports
NFL finally allows crypto sponsorship, with restrictions
NFL that teams will now have permission to seek blockchain partnerships under certain criterias.
Adoption
Businesses could soon pay their taxes with crypto in Florida
Governor DeSantis has expressed his reservations about a digital dollar project.
Technology
Coinbase Clouds rolls out new developer suite for Avalanche
Coinbase Cloud adds a new feature that would allow developers better understand the base code of Avalanche network.
Analysis
Ethereum, buoyed by Merge upgrade, is currently outperforming Bitcoin
Ethereum, for the first time in 2 weeks, have crossed the $3k mark as its value rises by over 15%.
Adoption
Terra buys $125 million of Bitcoin for its reserve
Terra blockchain has purchased $125 million worth of Bitcoin for its reserve.
Regulation
Australia eyes sweeping new crypto regulations
Senator Bragg believes the growth of DAOs could pose a level of threat to the country’s tax base.
Merge
2 million ETH tokens have been burnt as Merge draws nearer
OpenSea is responsible for most of the burns on the Ethereum network.
NFTs
Yuga Labs acquisition of Meebits NFT IP reopen talks of market manipulation
Several new addresses purchased over 150 Meebits NFTs days before its IP was acquired by Yuga Labs.
Scams
Facebook sued in Australia for fake crypto ads
Facebook says these crypto ads violate its policies and its working to curb their spread.