Jeremy Allaire – Circle CEO States USDC Stablecoin Backer is in a Very Strong Position
Circle, the company behind USDC stablecoins, is in its best financial position yet, according to CEO Jeremy Allaire.
Crypto Hackers Break into British Army Twitter, Facebook and Youtube Accounts
For nearly four hours hackers had access to several official social media accounts for the British Army, where they posted scams and crypto-phishing links.
Reserve Bank of India (RBI) – Cryptocurrencies are a Clear Risk to Financial Stability
India’s central banking institution, the Reserve Bank of India, (RBI), considers cryptocurrency “a clear threat.” However, it seems that the financial stability risks presented by crypto assets are currently “limited.”
Novi – Meta’s Crypto Wallet to be Terminated by September – Users are urged to Withdraw
Facebook, a company that was formerly called Facebook, urged users to withdraw all balances from their Novi account. Meta stated that users had the option to withdraw their funds as cash or transfer them to bank accounts.
Alex Atallah One of Opensea’s Founders Leaves the Company But Remains on the Board
Atallah stated that he is ready to return to his “primary passion” of building something from zero and one. Atallah indicated that he would get back into crypto to build new things.
Bitcoin Proposed as Legal Tender In Mexico by Senator Indira Kempis
Indira Kempis (senator from the Mexican Congress) has proposed a bill to make bitcoin legal tender in Mexico. It is based on the hardships faced by Mexican citizens when trying to access education and financial products. The Central Bank of Mexico, however, has opposed the introduction of Bitcoin into the country’s financial system.
Analyst From Deutsche Bank Says Bitcoin Can Recover By Year End
Deutsche Bank analysts predict a 30% recovery in Bitcoin by December, driven by the correlation to S&P 500.
Napster the Popular Music Streaming Firm is Set to Release a Token on Algorand
The veteran music streaming company released a litepaper that outlined the launch of its $NAPSTER token.
Baller Ape Club Receives Rug Pull Charges from the Department of Justice
Three other cases of crypto fraud were also announced by the DOJ, with potential losses exceeding $100 million.
Crypto ‘LATE Adopter’ Snoop Dogg Says Crash has Weeded out Greedy Investors
Snoop Dogg, a rapper, spoke out about the crypto crash during a Tuesday interview with CNBC. He stated that he believes the economy will rebound from the crash. Snoop stated that he felt like the crash “weeded out all of the people” who were not meant to be there.
