News
Acala Network’s stablecoin fell 99% & has since recovered to ~ $0.89 after hackers issue $1.3B in new tokens (Link)
A bug in the iBTC-aUSD liquidity pool
Developers burned over $1.2 billion in aUSD tokens minted by exploiters
Google has reportedly invested around $1.5 billion into crypto companies in the last 12 months (Link)
Taiwan turns to Ethereum & IPFS technology as a tool to combat Chinese cyberattacks (Link)
Revolut bank wins approval to offer Bitcoin & crypto to over 17 million European customers (Link)
Galaxy Digital terminates $1.2 billion acquisition of BitGo (Link)
“failure to deliver, by July 31, 2022, audited financial statements for 2021 that comply with the requirements of our agreement"
BitGo acquisition was announced in May/2021
Fractional is rebranding as Tessera & announces a $20 million funding round led by Paradigm (Link)
Stronghold Digital Mining announces plans to sell 26,000 of its miners, 18,700 of which are currently running (Link)
The sale will help clear $67.4 million in debt held by Stronghold
Agreement with lender New York Digital Investment Group (NYDIG)
“Balaji Srinivasan & the ‘Network State” - Podcast (Link)