Daily Crypto News

  1. Tencent’s Huanhe allows NFT refunds, halts further sales —Tencent’s non-fungible token (NFT) marketplace Huanhe says it will allow buyers to refund purchased NFTs but will no longer issue the digital assets, citing a “focus on the company’s core strategic considerations.”
  2. Bitcoin miner PrimeBlock ditches SPAC listing plan — Bitcoin miner Prime Blockchain Inc., also known as PrimeBlock, has dropped its public listing plan via a blank-check company merger valued at US$1.25 billion, joining a number of crypto firms that have delayed or canceled similar listing plans.
  3. Bankrupt Crypto Lender Celsius Considers Financing Proposals — Celsius Network LLC has received multiple offers of fresh cash to help fund its restructuring process, a lawyer for the bankrupt crypto lender said Tuesday.
  4. SEC files brief on Hinman speech as XRP lawsuit drags on — The U.S. Securities and Exchange Commission has fought back in its lawsuit against Ripple Labs with a reply brief in support of its objections to orders that asked the SEC to disclose drafts of a 2018 speech made by former SEC director William Hinman.
  5. Bitcoin Miner Riot Takes $349M Goodwill Impairment Charge on Acquisitions — Riot Blockchain (RIOT), one of the largest publicly traded bitcoin miners, recorded $349.1 million in impairment charges to goodwill in the second quarter, tied to its acquisitions of miner Whinstone U.S. and electrical equipment provider ESS Metron in 2021, in its second-quarter earnings released on Monday after the close. It also reported an impairment charge of $99.8 million on its bitcoin holdings.
  6. The amount stolen in crypto heists is up 60% this year to $1.9 billion, according to Chainalysis — The amount stolen in cryptocurrency heists is up 60% this year according to a report by Chainalysis, which estimates the industry has lost $1.9 billion in hacks from January to July of this year. That’s up from $1.2 billion reported in hacks the year prior.
  7. Brazil’s Largest Investment Bank, BTG Pactual, Launches Crypto Trading Platform—Brazil’s largest investment bank, BTG Pactual, has launched a crypto trading platform Available since Monday, the platform, called Mynt, allows users to trade BTC, ETH, SOL, DOT and ADA with a minimum investment of 100 Brazilian reals, equivalent to $19.42.
  8. Tornado Cash US Ban Is ‘Bad Precedent,’ but Monero Was ‘Made for This’: Cake Wallet Exec — The future of privacy tools has been threatened as a result of the U.S. sanctioning coin mixer Tornado Cash, according to one executive at a leading Monero-focused crypto wallet software company. Justin Ehrenhofer, vice president of operations of Nevis-based Cake Wallet, told CoinDesk TV on Monday the sanction is a “step backwards” for open-source tools.
  9. IPOR Labs Unveils Protocol to Make DeFi Credit Markets More Transparent and Stable — IPOR Labs AG is launching a protocol to bring transparency and stability to the volatile decentralized finance (DeFi) credit market, the creator of blockchain-based derivatives software announced Tuesday.

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