Ripple Discloses Interest in Bankrupt Crypto Lender Celsius Network

Blockchain payments firm Ripple Labs Inc is reportedly interested in learning the bankrupt crypto lending platform Celsius Network.

Truly decentralized Web3 needs more developers: Animoca co-founder

Animoca Brands' Yat Siu said developers continue to “struggle under the yoke of centralized platforms," urging them to move into the Web3 space. Animoca Brands co-founder and chairman Yat Siu has urged for more developers to enter the Web3 space, warning that without “choice” there can be no “decentralized environment.”Speaking to Cointelegraph during Korean Blockchain Week (KBW) 2022, Sui stressed that more developers need to come into the space to give consumers more alternatives when it comes to their platform of choice — which could be based on “best value” or one they most culturally associate with.

SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

Under the US Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility. The United States subsidiary of electronic trading platform developer Clear Markets has reportedly received approval from the Commodity Futures Trading Commission, or CFTC, to offer over-the-counter crypto derivatives products with physical settlement.In a Tuesday notice, SBI Holdings — a stakeholder of Clear Markets — said the CFTC had approved the US subsidiary operating a Swap Execution Facility, in which it plans to offer derivatives trading for US dollar and Bitcoin (BTC) pairs.

USDC Issuer Circle Joins Chainlink in Only Supporting Proof-of-Stake Ethereum After the Merge

USD Coin (USDC) issuer Circle says that it will support only the Ethereum proof-of-stake chain once the leading smart contract platform completes its highly anticipated Merge.  In a statement, Circle says that it made its decision based on the role it plays in the Ethereum ecosystem as the issuer of the biggest ERC-20 token and […] The post USDC Issuer Circle Joins Chainlink in Only Supporting Proof-of-Stake Ethereum After the Merge appeared first on The Daily Hodl.

Ripple Interested in Buying Up Celsius’ Distressed Crypto Assets: Report

San Francisco payments firm Ripple is reportedly interested in buying assets from bankrupt crypto lending platform Celsius.

German Crypto Bank Nuri Files for Insolvency, Says ‘All Funds Are Safe’

Despite filing for insolvency, Berlin-based digital banking platform Nuri insists all funds in user accounts are safe.

Macro Guru Raoul Pal Sets Price Target for Ethereum (ETH), Predicts Slowdown of Inflation

Real Vision chief executive Raoul Pal is laying out a potential roadmap for leading smart contract platform Ethereum (ETH).

TORN price sinks 45% after US Treasury sanctions Tornado Cash — rebound ahead?

TORN is near a historically strong support range, eyeing a 75% rebound by September 2022. Tornado Cash (TORN) has lost almost half its market valuation two days after being slapped with sanctions by the US Treasury Department.The department accused Tornado Cash, a crypto mixer platform, of laundering more than $7 billion in cryptocurrencies, including a stash of $455 million allegedly stolen by North Korea-based hackers.Immediate reactions were followed by US-based crypto companies, including Circle and Coinbase.

Curve Finance exploit: Experts dissect what went wrong

Attackers that hijacked Curve Finance's landing page moved quickly to convert stolen funds to various tokens through different exchanges, wallets and mixers. Decentralized finance (DeFi) protocols continue to be targeted by hackers, with Curve Finance becoming the latest platform to be compromised after a DNS hijacking incident.The automated market maker warned users not to use the front end of its website on Aug.

NFT platform Pinata Announces Completion of $21.5m Series A Funding

Nebraska-based NFT platform Pinata announced the closing of a $21.5 million funding round.

BitiCodes: A brand new auto-trading platform

There are many crypto trading bots in the world.

Persystic Token (PSYS): The social cryptocurrency

Persystic Token (PSYS) is the cryptocurrency used on the Persystic platform, a community-driven decentralized social media network that is the first of its type.

Magic Eden Wants to Build an ApeCoin NFT Marketplace Just for Bored Apes—Here’s Why

As the top Solana NFT marketplace pushes into Ethereum, it wants to build a trading platform for Bored Apes—with benefits for holders.

CEL Token Soars As Committee Representing Celsius Users Pledges To Investigate CEO Alex Mashinsky for Wrongdoing

The chief executive of embattled crypto lending platform Celsius (CEL) is reportedly under investigation by a committee representing its users.

Robinhood Abruptly Adds Support for Ethereum Rival Avalanche (AVAX) and XRP Competitor Stellar (XLM)

Retail trading giant Robinhood just announced that it now supports Ethereum challenger Avalanche (AVAX) and XRP rival Stellar (XLM) as the two altcoins enjoy rallies this month.  In an announcement via Twitter, the retail trading giant says that AVAX and XLM are now live on the Robinhood platform.

Reddit partners with FTX to enable ETH gas fees for community points

With the new integration, Reddit users will be able to purchase Ether from supported Reddit apps via FTX’s payment and exchange infrastructure platform FTX Pay. After moving away from Bitcoin (BTC) payments years ago, online forum Reddit now seems to be inching closer to embracing cryptocurrency payments via a new partnership with the FTX exchange.Sam Bankman-Fried’s crypto exchange FTX and Reddit announced in a joint statement on Tuesday that the platform intends to integrate Reddit’s Community Points in the United States, the European Union, Australia and other markets.The partnership features the integration of FTX Pay as a payment and crypto exchange solution to unlock new crypto-enabled perks for Reddit Community Points.

Game Space sees 400% user growth since the launch of its Steam event in July

Recently, Game Space, the first GameFi as a Service platform in the whole industry opened a Genesis NFT AirDrop event for one billion Steam players.

Pinterest for Web3: Project launches curation ecosystem on Avalanche

CurateDAO launched an Avalanche-based “curate-to-earn” platform where participants can earn by contributing to databases.

OFAC’s Tornado Cash Ban Causes Github Suspensions and the Blacklisting of Crypto Addresses Holding $437M

On August 8, the ethereum mixing service Tornado Cash, and all the crypto addresses associated with the platform, were officially banned by the US Treasury Department’s Office of Foreign Asset Control (OFAC).

Logium: A P2P Options Trading System for Crypto Users

Betting on the price movements of cryptocurrencies dates back to 2011 when the first crypto derivatives platform was created for investors to bet on the future price of bitcoin.

Amber Group Expands Retail Trading Operations into Brazil Through WhaleFin

Cryptocurrency financial services startup Amber Group has announced that it will expand its retail trading operations into Brazil through a retail platform called WhaleFin.

Serenity Shield Launches First Cryptographic Sensitive Data Storage on Blockchain

[PRESS RELEASE – Paris, France, 8th August 2022] Serenity Shield, a decentralized application platform that offers an innovative, revolutionary approach to crypto inheritance and secure storage solutions for sensitive data, is launching the Minimum Viable Product (MVP) of its StrongBox®.

Singapore Crypto Lender Hodlnaut Suspends Withdrawals, Citing Tough Market Conditions

Hodlnaut on Monday suspended all withdrawals, swaps, and deposits on its platform and said it is exploring potential recovery plans options.

Distressed Crypto Platform Zipmex to Resume Some BTC and ETH Withdrawals (Report)

Z Wallet holders will be able to make partial BTC and ETH withdrawals between August 11 and August 16.

Tornado Cash co-founder reports being kicked off GitHub as industry reacts to sanctions

OFAC issued a statement implying prohibited transactions with Specially Designated Nationals could include "downloading a software patch from a sanctioned entity." Roman Semenov, one of the co-founders of Tornado Cash, has reported his account was suspended at the developer platform, GitHub, following the United States Treasury Department's sanctioning of the privacy protocol.In a Monday tweet, Semenov said that despite not being individually named as a Specially Designated National, or SDN, of Treasury’s Office of Foreign Asset Control, he seemed to be facing repercussions from the Treasury alleging Tornado Cash had laundered more than $7 billion worth of cryptocurrency.

Institutional Investors Are Pouring Capital Into Ethereum (ETH) in Anticipation of the Merge: CoinShares

Digital assets manager CoinShares says institutional money is going into leading smart contract platform Ethereum (ETH) ahead of its anticipated transition to proof-of-stake.

Tron Founder Justin Sun Says His Crypto Exchange Poloniex Will Support All Future Forked Ethereum Tokens: Report

The founder and former chief executive of smart contract platform Tron (TRX) is reportedly saying that his crypto exchange will support all future forked Ethereum (ETH) tokens.

US Government Bans Ethereum Mixer Tornado Cash, Platform Added to OFAC’s SDN List

On Monday, the US Treasury Department’s watchdog the Office of Foreign Asset Control (OFAC) banned the ethereum mixing application Tornado Cash.

Crypto Lender Hodlnaut Pauses Withdrawals — Company Cites Market Conditions, Despite Recent Crypto Rally

On August 8, the crypto exchange and lending platform Hodlnaut announced that the company has paused withdrawals, token swaps, and deposits.

Bware Labs Announces the Blast Incentivized Testnet, Code-Named Houston

Working toward their stated goal to build the highest-performing, most reliable blockchain API platform, Bware Labs, the company behind Blast, is launching the Houston incentivized testnet.