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.
Voyager gets permission to return $ 270 million in customer cash held with Metropolitan Commercial Bank (MCB).
Voyager is estimated to have over 100,000 creditors and between $1 billion and $10 billion in assets.
Circle Ventures participated in the $8 million Series A for Slope Finance in February and the $22.4 million seed round funding for Nomad in April. The USDC Stablecoin issuer plans to go public this year
The Crypto and Digital Assets All Party Parliamentary Group plans to make the U.K. a "global home of crypto investments."
The inquiry will involve discussion with industry leaders on ways to improve current U.K. crypto regulations. Public participants are invited to view the inquiry, and written submissions will be accepted until September 5, 2022.
The new legislation seeks to clarify the digital asset reporting requirements signed into law as part of the 2021 Infrastructure Investment and Jobs Act. Senators argue that the broker definition in the bill is too "broad" since crypto miners/stakers can't comply with the tax reporting requirements of a broker.
Key Takeaways: ED alleges that WazirX operated by Zanmai Labs Private Limited in India was using the walled infrastructure of Cayman Island-based exchange Binance. ED is probing two cases related to cryptocurrency against WazirX under the provisions of the Foreign…
Key Takeaways: Saylor to serve as executive chairman, while MicroStrategy President Phong Le will take on the CEO post. MicroStrategy reported a net loss of $1.06 billion, or 94 cents a share, which included $917.8 million in digital-asset impairment charges.…
Key Takeaways The bulk of funds drained was USDC, WETH, and WBTC. Reportedly a vulnerability in the Nomad bridge contract allowed it to accept arbitrary root hashes, allowing several entities to withdraw large amounts of assets. Nomad, a protocol allowing…
Key Takeaways: 40mil (6.4% of MATIC supply) tokens will be staked directly by the co-founders. (5.46% of MATIC supply) will be held by the Polygon Foundation. 200mil (2% of MATIC supply) was unlocked for staking rewards. Ethereum Layer-2 scaling platform…
Key Takeaways: Crypto funds witnessed inflows totaling $81 million last week, marking the fifth consecutive week of inflows totaling $0.53 billion. BTC ended the month at $23,300 – 16.8% higher than the June closing price. July was BTC’s best-performing month…
