Craig Wright Gains a Pound, Bitcoin & Ethereum Flows, Ledger’s Deal, Soulbound Binance + More News – Cryptonews | Omd Cialis

Craig Wright. Source: A video screenshot, Twitter/@JimmyWinSV

Get your daily, bite-sized roundup of cryptoasset and blockchain-related news – examine the stories flying under the radar in today’s crypto news.

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Legal news

  • A British court today ruled in a lawsuit for defamation nchain Chief Scientist Craig Wright against Bitcoin podcaster Peter McCormack, concluding that it is “highly probable that any of the publications correspond to the reputation of Dr. days before the trial, it would be unreasonable for him to seek more than the nominal damages. Accordingly, damages of £1 have been awarded.”
  • Tesla Boss Elon Musk countered Twitter On Friday, legal battles with the social media company escalated over its attempt to walk away from the $44 billion deal, despite the lawsuit being filed confidentially, Reuters reported. Also on Friday, Musk was sued by a Twitter shareholder, who asked the court to order the billionaire to complete the deal, find that he breached his duty of loyalty to Twitter shareholders, and award damages for losses he caused.

Investment news

  • Digital asset investment products saw inflows totaling $81 million last week, marking the fifth straight week of total inflows totaling $0.53 billion, according to CoinShares data. Bitcoin saw inflows totaling $85m last week (compared to $19m a week earlier), Ethereum inflows fell from $8m to $1m in a week.
  • France-based major manufacturer of crypto hardware wallets ledger is in talks to raise at least $100 million in a funding round that will give it a valuation higher than when it last raised it in June 2021 ($1.5 billion), Bloomberg reported, citing unnamed people associated with the plans are familiar.
  • Barcelona FC announced this blockchain-powered fan engagement and rewards platform Socios.com becomes a strategic technology partner driving FC Barcelona’s blockchain, NFT and digital assets, as well as its Web3 strategies. The partnership will see Socios.com as the owner and technology provider chilli Invest $100 million Barça Studios to acquire a 24.5% stake in the club’s digital content creation and distribution center.
  • US fintech company ripple announced that Q2 2022 was a record quarter for its On-Demand Liquidity (ODL) network as volume grew ninefold in one year. Also, Ripple’s total XRP sales minus purchases in the most recent quarter were $408.9 million, up from $273.27 million in the previous quarter.
  • W3BCLOUDa provider of storage and computing infrastructure that powers Web 3 applications, announced today that it will go public through a special purpose acquisition vehicle Social Leverage Acquisition Corp. Upon closing of the transaction, the Company expects an initial enterprise value of $1.25 billion. Founded in 2018, W3BCLOUD is a joint venture between AMD, ConsenSysand the founders of the company.

exchange messages

  • binance is ready to issue Binance Account Bound (BAB), which they described as the very first Soulbound Token (SBT) based on BNB Smart Chain. BAB will only be accessible via the Binance mobile app as an opt-in feature, allowing users to imprint their BAB directly onto the wallets they use on the platform. The tokens will act as a Binance identity, indicating that customers have passed the know-your-customer process, but as “decentralized society” use cases evolve, Binance may issue other types of BAB tokens in the future, the exchange said in a press release Cryptonews.com.
  • crypto exchange CoinFLEX announced that they had laid off “a significant number” of the team “across all departments and regions” and stated that the staff cuts and material costs being implemented will reduce their cost base by approximately 50% to 60%. The majority of the remaining team is focused on product and technology, while the exchange’s intent is to “remain right-sized for any company considering a potential acquisition or partnership with CoinFLEX,” they added.
  • FTX Exchange FZE announced that it has received approval to participate in Dubai’s Minimum Viable Product program for virtual assets under the world’s only dedicated regime for the sector, operated by the Virtual Asset Regulatorand can now operate its Virtual Asset Exchange and Clearing House services in Dubai.
  • futures exchange asks announced the launch of the $200M Bitget Protection Fund, comprised of 6,000 BTC and 80M USDT. Said Bitget in a press release shared with Cryptonews.com that the fund is fully self-financed and is committed to preserving the value of the fund for the next three years.

Adoption news

  • Honduras has launched “Bitcoin Valley” in the tourist town of Santa Lucia, Reuters reported. The project targets 60 companies who will initially be trained and adopt cryptocurrencies to market their products and services in anticipation of expanding these practices to more companies and nearby areas, it added.

Metaverse News

  • Ethereum (ETH) co-founder Vitalik Buterin argued that all [metaverse-related] Facebook misfires now.” He explained that “we don’t really know the definition of “the metaverse” yet, it’s way too early to know what people actually want.” According to Buterin, the metaverse “will happen”. but none of “existing corporate attempts to intentionally create the metaverse are going anywhere.”

Adoption news

  • Since the beginning of the Russian war in Ukraine in February this year, blockchain analysis company chain analysis identified 54 organizations that collectively received over $2.2 million worth of crypto, mostly from Bitcoin (BTC) and Ether donations. “Significant” amounts of Tether (USDT), Litecoin (LTC) and Dogecoin (DOGE) were also sent. Social media posts from the groups indicate that a large chunk of these funds will go towards equipping paramilitary groups, they added.

Stablecoins News

  • That aave (AAVE) community passed a proposal to launch a native crypto-based stablecoin GHO with 99.99% votes in favor of the proposal, according to the governance page. GHO should be launched on the Aave protocol to allow users to mint GHO against their provided collateral, the proposal states.

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