Know thy customer: The future of KYC in crypto

With the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer.

Social media ‘major Web3 pain point’ as phishing attacks almost doubles: Report

A majority of the phishing attacks recorded have been conducted on social media platforms that do not have account verification features.

Crema hacker returns $8M, keeps $1.6M in deal with protocol

The Crema Finance team awarded the hacker who made off with nearly $10 million in funds from the protocol 16.7% of the stolen funds as a white hat bounty.

Celsius Pivots Toward Paying Off Aave, Compound Debt, With $950M Collateral as Prize

The troubled crypto lender Celsius started to make good on the $258 million debt on the decentralized lending protocols Aave and Compound – possibly in an attempt to reclaim collateral it had posted as guarantees. The transactions come just a day after Celsius used a debt-paydown to reclaim collateral on Maker.

Three Months in, Coinbase NFT Has Been a Disaster

Despite having more than four million users on its waitlist pre-launch, Coinbase's "Web3 social marketplace for NFTs" has been a resounding flop, registering about 2,000 times less in trading volume than its largest competitor, OpenSea, since it launched.

Celsius bankruptcy filings show a company in deep trouble

The bankrupt CeFi crypto lender is about $1.2 billion in deficit, with the majority of its liabilities being customer deposits some believe they may not be required to give back.

Putin Bans Crypto Payments in Russia

The Kremlin doesn’t want any “monetary surrogates” being used in place of the ruble.

First Regulated British Pound Stablecoin Launched

The “poundtoken” is 100% backed by British pound reserves and has the full support of British regulators.

Bank of France Eyes 2023 for CBDC Launch

The country is planning to create a wholesale CBDC aimed at financial institutions.

Hacker drains $1.08M from Audius following passing of malicious proposal

A malicious governance proposal (Proposal #85) requesting the transfer of 18 million Audius’ in-house AUDIO tokens worth $6.1 million was approved via an exploit.

NFTs banned in Minecraft, SEC lists 9 tokens as securities and 3AC founder blames cockiness for company meltdown: Hodler’s Digest, July 17-23

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!

Breaking: Tesla sold 75% of Bitcoin holdings in Q2

Elon Musk's electric vehicle maker has offloaded most of its BTC reserves, according to financial statements released on Wednesday.

Ex-Coinbase Manager Among 3 Arrested on Crypto Insider Trading Charges

The U.S. Department of Justice (DOJ) charged former Coinbase (COIN) product manager Ishan Wahi, his brother Nikhil Wahi and Sameer Ramani with wire fraud and insider trading on Thursday.

Web3 platforms launch the Open Metaverse Alliance

OMA3 will focus on proposing standards and facilitating collaboration between various stakeholders of Web3 and other industries.

Is the NFT Boom Over? Trading Volumes Hit 12-Month Lows

The summer of 2021 marked an explosion of interest in non-fungible tokens. One year later, trading volumes in the NFT market have tanked.

SEC Investigating Coinbase Over Alleged Securities: Bloomberg

The SEC accused Coinbase of listing “at least nine” tokens that could be classified as securities in a court filing last week. Now, Bloomberg has reported that the SEC is probing the U.S. exchange.

Uncertainty around French laws prompted F1 racers to remove crypto branding: Report

Spectators could not see’s logos during Formula One's French Grand Prix, while staff from Alfa Romeo, AlphaTauri and Alpine reportedly removed crypto-related branding.

TikTok data policy debacle: Is user’s crypto at risk?

Could data security concerns raised over TikTok’s operations in America put cryptocurrency users’ coins at risk?