$540 Million Laundered Through Cross-Chain Bridge RenBridge
Crypto assets worth around $267.2 million have been laundered through RenBridge since 2020. $2.4 million in crypto assets stolen during the Nomad hack went through RenBridge.
Saniya Raahath
DeFi Trading Firm Curve Finance Resolves Frontend Attack
Approximately $570,000 was drained from users. Hacker used a Domain Name Service spoofing hack, cloned the site, and redirected the DNS point to their IP address
Bitcoin Maximalist’s “Toxic” Agenda triggers Lead Bitcoin Core Maintainer to Leave
Wladimir Van Deer-Lead Bitcoin Core Maintainer states it is time to leave BTC for other things. Recently, Bitcoin Maximalists are increasingly lashing out at BTC developers and crypto analysts who don't follow their body of thought.
BitMEX Employee Pleads Guilty to Violating Anti-Money Laundering/KYC Rules
Prosecutors accuse 3 BitMEX Co-founder and Dwyer of servicing U.S. clients despite announcing its withdrawal from the U.S. market in 2015. Prosecutors filed charges against the four in 2020 for viola
Chinese Cyberspace Regulator Closes 100+ Websites That Advocate Crypto
105 websites dedicated to advocating virtual currency marketing, publishing, and pushing explainers on cross-border currency speculation and virtual currency mining were closed. Social media giants Weibo, Baidu have closed 12,000 illegal accounts that promote virtual currency investments.
PoW Hard Fork or Staking : ETH Merge Divides the Crypto Community
Ethereum co-founder Vitalik Buterin believes ETC is a better PoW alternative to Ethereum.
EtherMine released a beta version of EtherMine Staking that will offer stake pool services for the post-Merge era.Â
f2pool, the second largest Ethereum mining pool, acknowledges the new Era of PoS."
 Chainlink will no longer have proof-of-work (PoW) forks, while BitMEX has said it will launch a linear futures contract for its users to get exposure to ETHPOW.
Crypto Community Reacts Negatively to the US Inflation Reduction Act
Act plans to decrease Inflation by raising an estimated $739 billion in revenue — $433 billion of which would be spent on energy and climate programs. Many argue the IRA Act could lead to Inflation and a possible recession. The Act allocates $45 billion to Internal Revenue Service specifically to provide digital asset monitoring and compliance activities.
A Regulator Study Shows that 7% of Adults in Spain are Crypto Investors
66% of the cryptocurrency investors in Spain are male, while 34% are women. 41% of those with paychecks over 3,000 euros have invested in crypto. 43% of the crypto investors have university diplomas
Crypto Scams on a Surge in Hong Kong, HK$388Mn Drained in First Half of 2022
798 crypto-related scams in the first half of 2022– a 105% increase from the same period in 2021
HK$387.9 million has been drained from Hong Kong-based digital asset firms and individuals between January and June 2022.
Cryptocurrency scams make up the top 3 types of cyber crimes in Hong Kong.
Central Bank of Brazil Director Calls Bitcoin a Financial Innovation
Araujo states Bitcoin is the catalyst for what is today known as Web3. Brazil is looking to launch CBDC called the digital real soon
"The CBDC is an expression of the Real within the environment in which cryptocurrencies operate," says Araujo.
