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Weekly News

Indonesia plans to set up its crypto bourse by the end of 2022

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

The country’s deputy trade minister confirmed the intention, first voiced last year. The government of Indonesia returned to its plan to set up a digital assets exchange, publicly announced for…

Continue ReadingIndonesia plans to set up its crypto bourse by the end of 2022

DeFi protocol shuts down months after the Rari Fuse hack

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

BABL, the protocol's native token, crashed to a new all-time low of $0.23 after the founder announced that it's shutting down operations. Decentralized finance (DeFi) protocol Babylon Finance has finally…

Continue ReadingDeFi protocol shuts down months after the Rari Fuse hack

Dozens of Celsius clients ask US court to recover $22.5M in crypto

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

Suspension of withdrawals on Celsius custody contradicts the plain language of the firm’s terms of use, a group of disgruntled creditors argued. The bankrupt cryptocurrency lender Celsius Network is facing…

Continue ReadingDozens of Celsius clients ask US court to recover $22.5M in crypto

Tech giant Meitu loses over $43M of its crypto investment in bear market

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

Meitu was one among many public companies that purchased Bitcoin to hold as a treasury reserve during the peak of the bull run last year. Hong Kong tech giant Meitu…

Continue ReadingTech giant Meitu loses over $43M of its crypto investment in bear market

California State Assembly passes bill for licensing and regulating crypto firms

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

The bill requires digital asset exchanges and crypto companies to have a license of operation in the state of California. Lawmakers in California State Assembly passed the Digital Financial Assets Law,…

Continue ReadingCalifornia State Assembly passes bill for licensing and regulating crypto firms

Bitcoin price dips 14% in August as trader warns of ‘macro drop down’

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

Bias is trending towards ever lower levels for Bitcoin after BTC price performance fails to preserve $20,000 at the August close. Bitcoin (BTC) has sealed its worst August performance since…

Continue ReadingBitcoin price dips 14% in August as trader warns of ‘macro drop down’

NFT micro-philanthropy gives a new voice to the opera

  • Post author:admin
  • Post published:September 2, 2022
  • Post category:Weekly overview

An opera-centric DAO is using NFTs to open up new funding avenues to classical musicians outside of the limiting legacy institutions. The music industry has been a major adopter of…

Continue ReadingNFT micro-philanthropy gives a new voice to the opera
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