TL;DR Breakdown Helio Lending, a cryptocurrency lending firm based in Australia, has been sentenced to a one-year non-conviction good behavior bond for making false claims regarding its possession of a local credit license. Australian Securities and Investments Commission indicated that the Company had falsely asserted its possession of an Australian credit license.  The ASIC initiated legal proceedings against the firm in April 2022. Description Helio Lending, a cryptocurrency lending firm based in Australia, has been sentenced to a one-year non-conviction good behavior bond for making false claims regarding its possession of a local credit license. On August 17, the Australian Securities and Investments Commission (ASIC) revealed that Helio Lending had been given the year-long good behavior bond, which would … Read more Helio Lending, a cryptocurrency lending firm based in Australia, has been sentenced to a one-year non-conviction good behavior bond for making false claims regarding its possession of a local credit license. On August 17, the Australian Securities and Investments Commission (ASIC) revealed that Helio Lending had been given the year-long good behavior bond, which would require the company…

TL;DR Breakdown Magic Eden launched a $1 million fund to support creators on the Polygon blockchain for NFT projects. The fund provides financial support and mentorship to selected Polygon-based projects, focusing on innovation in the NFT landscape. This initiative is part of Magic Eden’s expansion on Polygon, reflecting its strategic alignment with Polygon’s growing role in web3 gaming. Description Magic Eden has announced the launch of a $1 million fund dedicated to supporting creators building on the Polygon blockchain. The fund aims to bolster a blue-chip NFT presence on Polygon, a blockchain renowned for web3 gaming. Fostering Innovation: Magic Eden’s commitment to supporting Polygon-based projects The newly launched fund offers creators the opportunity to … Read more Magic Eden has announced the launch of a $1 million fund dedicated to supporting creators building on the Polygon blockchain. The fund aims to bolster a blue-chip NFT presence on Polygon, a blockchain renowned for web3 gaming. We’re excited to announce the launch of our $1,000,000 Creator Fund #onPolygon 💜 This program will help the next generation of creators build in the ecosystem…

TL;DR Breakdown A U.S. judge approved the SEC’s request to question Terraform Labs’ co-founder Daniel Shin in South Korea, part of the case involving the $40 billion crypto  loss. The inquiry will examine Chai Corp.’s payments, Terraform’s blockchain use, and allegations of fraudulent cryptocurrencies and deceptive transactions. Description U.S. District Judge Jed Rakoff has granted the Securities and Exchange Commission (SEC) to engage the South Korean government’s cooperation in questioning Daniel Shin, the co-founder of Terraform Labs, and in gathering evidence from Chai Corp., a payments company.  This decision marks a significant development in the SEC’s case against Terraform Labs and its ex-CEO, … Read more U.S. District Judge Jed Rakoff has granted the Securities and Exchange Commission (SEC) to engage the South Korean government’s cooperation in questioning Daniel Shin, the co-founder of Terraform Labs, and in gathering evidence from Chai Corp., a payments company.  This decision marks a significant development in the SEC’s case against Terraform Labs and its ex-CEO, Do Kwon, concerning an alleged illicit scheme that led to the loss of about $40 billion in cryptocurrency value….

TL;DR Breakdown Tether is ending USDT blockchain support for Bitcoin, Kusama, and Bitcoin Cash. Tether’s decision aims to ensure the safety and longevity of chosen blockchains. Users can still exchange their tokens for USDT on alternative networks through exchanges like Bitfinex. Description Tether, a prominent stablecoin issuer, has announced its decision to discontinue USDT blockchain support for Bitcoin, Kusama, and Bitcoin Cash, citing a meticulous evaluation of factors encompassing security, compliance, and customer support. This move reflects Tether’s commitment to ensuring the safety and longevity of chosen blockchains, optimizing maintenance efficiency, and avoiding compromises in security and … Read more Tether, a prominent stablecoin issuer, has announced its decision to discontinue USDT blockchain support for Bitcoin, Kusama, and Bitcoin Cash, citing a meticulous evaluation of factors encompassing security, compliance, and customer support. This move reflects Tether’s commitment to ensuring the safety and longevity of chosen blockchains, optimizing maintenance efficiency, and avoiding compromises in security and oversight. As of August 17, Tether will halt the issuance of USDT-Omni, USDT-Kusama, and USDT-BCHSLP coins. Users can swap their tokens for USDT on alternate…

TL;DR Breakdown Bitcoin prices plummeted late Thursday after claims of hundreds of millions in sales, causing a slaughter in futures and spot markets. Is this another crypto winter? There are news reports that the SEC could approve ETH features ETFs, and this has slightly affected the BTC market recovery. Analysts point out that the crypto market has been flat for a while now and a shakeup was expected at any time. Description Elon Musk’s SpaceX apparently selling its Bitcoin holdings, the bankruptcy of a Chinese property behemoth, and concerns about interest rate hikes are among the hypotheses put forward to explain Bitcoin’s unexpected price drop. An unexpected and significant sell-off in crypto markets startled what had been an otherwise dull few weeks for crypto, and the sensation … Read more Elon Musk’s SpaceX apparently selling its Bitcoin holdings, the bankruptcy of a Chinese property behemoth, and concerns about interest rate hikes are among the hypotheses put forward to explain Bitcoin’s unexpected price drop. An unexpected and significant sell-off in crypto markets startled what had been an otherwise dull few weeks…

TL;DR Breakdown Call of Duty: Modern Warfare III is the latest chapter in the legendary first-person shooter (FPS) series. Modern Warfare III will feature a new campaign, updated maps from Modern Warfare 2 in 2009, and the largest Zombies map to date. Call of Duty: Modern Warfare III will be released on Windows PCs via Battle.net and Steam, PlayStation 5, PlayStation 4, Xbox Series X and S, and Xbox One on November 10, 2023. Modern Warfare III’s new Zombies mode will feature missions within the player-versus-environment (PVE) framework. It will also provide the option to team up with other online squads to combat the zombie invaders. Description Call of Duty: Modern Warfare III is the next game in the storied first-person shooter (FPS) series. During a simultaneous broadcast on Thursday, publisher Activision announced the game’s release date, supported platforms, campaign content, and more. Did you miss the big reveal? Here are the important details about the upcoming game you need to know. … Read more Call of Duty: Modern Warfare III is the next game in the storied first-person shooter…

TL;DR Breakdown Grayscale Investments sets in stone its team expansion amid the Bitcoin ETFs drama with the United States SEC. Grayscale has posted two job positions on LinkedIn – that of a – product specialist and senior associate to assist its ETF team, and the positions have garnered over 50 applications. Bloomberg reports that U.S. securities regulators are poised to approve ether (ETH) futures exchange-traded funds for trading. Description Grayscale Investments announced on Thursday that it is expanding its ETF team in anticipation of a decision in its litigation against the Securities and Exchange Commission (SEC). As a result of BlackRock’s ETF registration, the price of Bitcoin soared in June. However, the approval faces a significant obstacle because the SEC has been sued for … Read more Grayscale Investments announced on Thursday that it is expanding its ETF team in anticipation of a decision in its litigation against the Securities and Exchange Commission (SEC). As a result of BlackRock’s ETF registration, the price of Bitcoin soared in June. However, the approval faces a significant obstacle because the SEC has been…

TL;DR Breakdown Is this the start of a bear market or another crypto winter as Bitcoin falls below $26K for the first time in 2 months? The SEC’s delay in approving a BTC ETF has brought uncertainty to the broader market. BTC price drop has triggered nearly $1 million in liquidations across the entire crypto market. Description After several days of declining prices, Bitcoin (BTC) fell 9% in less than 10 minutes to temporarily dip below $26,000. According to CoinGecko, the BTC price was hovering around $27,600 at 9:30 p.m. UTC on August 17 before falling more than 8% to $25,320 at the time of writing. According to reports, Bitcoin fell on … Read more After several days of declining prices, Bitcoin (BTC) fell 9% in less than 10 minutes to temporarily dip below $26,000. According to CoinGecko, the BTC price was hovering around $27,600 at 9:30 p.m. UTC on August 17 before falling more than 8% to $25,320 at the time of writing. According to reports, Bitcoin fell on Thursday and momentarily dipped below $25,000 on Binance, the world’s…

TL;DR Breakdown The SEC can now file a motion against Ripple Labs’ ruling by August 18th, while Ripple Labs has until September 1st to submit its counterarguments. Brad Garlinghouse and Chris Larsen have vehemently opposed the appeal as it would suffer the crypto community setbacks. XRP’s price tanks as uncertainty creeps back to the crypto community over SEC’s hand on decentralized finance entities. Description The United States Securities and Exchange Commission (SEC) has been granted permission to file a motion for leave to file an interlocutory appeal in its case against Ripple Labs. The securities regulator informed Torres in a letter dated August 9 that her decision could impact multiple pending court cases. This decision, however, is not the … Read more The United States Securities and Exchange Commission (SEC) has been granted permission to file a motion for leave to file an interlocutory appeal in its case against Ripple Labs. The securities regulator informed Torres in a letter dated August 9 that her decision could impact multiple pending court cases. This decision, however, is not the judge’s official stance…

TL;DR Breakdown A lawsuit against the US Treasury by 6 individuals backed by Coinbase goes south in a mega loss. Judge Robert Pitman states that Tornado Cash is a legal entity that has a property interest in its smart contracts.  The judge rejected the Treasury Department’s claim that Tornado Cash is not an entity, saying that the mixer’s DAO was designated. Last year, OFAC sanctioned Tornado Cash for assisting North Korea’s Lazarus Group launder crypto cash from decentralized exchanges and games like Axie Infinity. Coinbase Chief Legal Officer Paul Grewal says that the company will support an appeal. Description A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in a lawsuit brought by six individuals sponsored by the cryptocurrency exchange Coinbase against Tornado Cash. The group of crypto investors and developers backed by Coinbase argued the U.S. Treasury Department abused its … Read more A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in…