Celsius set to vote on asset sale plan after court approves disclosures

Celsius Network is set to vote on its plan to offload assets to the Fahrenheit consortium after securing court approval for its disclosure statement and voting plan on Aug. 17. The court... Read more »

SEC moves to appeal Ripple’s earlier victory

The U.S. Securities and Exchange Commission (SEC) moved to file an interlocutory appeal against Ripple on Aug. 18 as part of its ongoing case against the firm. Judge Analisa Torres in the... Read more »

Yuga Labs of Bored Apes fame draws away from OpenSea over royalty fee policy

Non-fungible token issuer Yuga Labs suggested on Aug. 18 that it will discontinue support for parts of OpenSea’s trading platform. Yuga Labs responded to an Aug. 17 announcement from OpenSea in which... Read more »

Ethereum’s new ‘Holesky’ testnet to launch in September

In an Aug. 17 meeting, Ethereum developers discussed developments around a new testnet — named ‘Holesky’ — that is set to launch on Sept. 15. Parithosh Jayanthi, DevOps at the Ethereum Foundation,... Read more »

Tether USDT stability tested amid crypto market shakeup

Tether’s USDT stablecoin value wobbled from its $1 peg amid the market carnage that wiped nearly $100 billion from the crypto market on Aug. 17. Typically, cryptocurrency traders resort to stablecoins as... Read more »

SpaceX saw valuation of Bitcoin holdings fall by $373M over two years: WSJ

SpaceX’s Bitcoin (BTC) holdings have declined over a two-year period, according to a report from the Wall Street Journal on Aug. 17. According to WSJ, SpaceX wrote down its Bitcoin holdings by $373... Read more »

Former SEC official comments on Binance.US’ request for protection

Binance.US’s parent company’s request for a protective order on Aug. 14 to prevent securities regulators from making excessive demands may be on shaky grounds, according to one former official. In its original... Read more »

PayPal to pause UK crypto purchases starting in October

PayPal stated in an email to select users on Aug. 14 that it will temporarily pause crypto buying services in the U.K. in the coming months. That message states that the service... Read more »

Fake beta-testing apps enlisted to rob cryptocurrency, FBI reports

The U.S. Federal Bureau of Investigation (FBI) warned that fraudulent beta-testing applications were masquerading as genuine cryptocurrency investment platforms to steal funds from unsuspecting victims, according to an Aug. 15 notice. The... Read more »

Ethereum MEV incentives limit decentralization new report shows

On blockchain networks like Ethereum, decentralized validation underpins the entire ecosystem. Yet paradoxically, the highly-technical process of constructing the blocks that store transactions may be quietly accruing influence in the hands of... Read more »
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