Adoption
Legal
FTC to probe BitMart over December 2021 hack
The U.S. FTC opened an investigation on BitMart after its operators Bachi.Tech and Spread Technologies LLC. refused to turn over information.
Exchanges
Hotbit exchange suspends all transactions indefinitely
Due to having its assets frozen as a part of an ongoing investigation, crypto trading platform Hotbit announced it suspended all functions. The exchange said the services will go back to normal as soon as the assets are unfrozen.
Wallets
Unknown wallet transfers $3B worth of Bitcoin linked to old address
A wallet address with an unknown owner moved nearly 133,000 Bitcoins.
Mining
Sphere 3D Bitcoin production remains flat in July amid US customs problems, crypto winter
Carbon free mining company Sphere 3D's Bitcoin production remained flat in July as their new installations were delayed by U.S. customs, and the current winter market still goes hard on crypto miners.
Regulation
CommerceBlock CEO slams US Treasury Department’s crackdown on Tornado Cash, says it ‘makes little sense’
The U.S. Department of Treasury sanctioned the crypto mixer Tornado Cash website on August 8, claiming that cybercriminals with affiliations to North Korea have been using it to launder money.
Regulation
Gibraltar minister says he is collecting Bitcoin for his kids’ future
Gibraltar's Digital and Financial Services minister said he's collecting Bitcoin for his kids, because he thinks Bitcoin adoption will increase tremendously in the future.
Bear Market
Binance’s CZ thinks crypto market is much healthier with BTC around $20K
Chaopeng Zao said the crypto market is much healthier in the current winter conditions because only the believers remained in the market.
Adoption
Gig workers still go for crypto despite the bear market
A new survey showed half of gig workers prefer getting a portion of their payments in crypto despite the winter prices.
Legal
US Treasury Department adds Kraken to investigations list for potential sanctions violations
According to the New York Times, crypto exchange Kraken is suspected to violate U.S. sanctions and is under federal investigation.
Adoption
Naira now has a third “crypto exchange rate” as Nigerians rely heavily on crypto
Nigeria's dual exchange rate system becomes triple with the emergence of the crypto exchange rate of Naira, as Nigerians turn to crypto due to low confidence in Naira.
Taxes
Japan’s top crypto lobby groups push for lower taxes to attract talent
The lobbying groups are planning to ask the government to make crypto issuing and holding cheaper to prevent talented individuals from leaving the country.
Regulation
France’s rigidity on crypto ads might spread through the E.U.
France forced F1 teams to remove their crypto sponsors from the cars, and reportedly, a EU-wide ban on crypto marketing is on the table.