Tether, TON team up with mobile app for USDT-to-fiat transactions
The Open Network users will be able to use Oobit’s Tap & Pay technology to pay merchants in fiat while spending USDT.
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KuCoin CEO slams insolvency rumors citing “no plan to halt withdrawal”
Rumors linked KuCoin’s intent to stop withdrawals with the Terra (LUNA) and the 3AC collapse, which according to the warnings, led to “immense suffer” for the exchange. 480 Total views 2 Total shares Crypto exchange KuCoin found itself at the center of discussion when a sub-community of Crypto Twitter started warning investors about an incoming…

Coinbase's cbBTC wrapped Bitcoin coming to Solana — Breakpoint 2024
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications.

FTX and CFTC agree to $12.7B settlement, subject to court approval
The US commodities regulator didn’t seek a civil monetary penalty, meaning the entire $12.7 billion would be used to pay back FTX’s creditors.

Shibarium could go live in August — Developer
The Shiba Inu ecosystem’s world paper, as well as new Shiba Inu projects and detailed information about the Treat token, will be presented at a Toronto conference next month, Shytoshi Kusama says. In a July 6 blog post, Shytoshi Kusama, the lead developer of Shiba Inu, said that the team will have discussions and possibly…

Axie Infinity’s new Web3 game, LVMH sued over NFT patent: Nifty Newsletter
Web3 gaming project Axie Infinity revealed a trailer of its upcoming blockchain game Atia’s Legacy, which takes place in the Axie universe. In this week’s newsletter, check out non-fungible token (NFT) gaming project Axie Infinity’s new trailer for its upcoming Web3 game, Atia’s Legacy. In other news, luxury fashion giant LVMH has been sued for

Cointelegraph Consulting: Terra’s bullish case after Columbus-5 upgrade
Terra’s (LUNA) three-month rally saw its token rise by 674%, catapulting LUNA to the ranks of potential so-called “Ethereum killers.” LUNA has been on a tear lately because Terra’s most recent upgrade, Columbus-5, has effectively overhauled its tokenomics and brought significant changes to its technology.LUNA currently sits in fourth place in total value locked (TVL)…

Crypto Biz: Weeks like this will rattle your conviction
Whether you’re new to crypto or a seasoned vet, there’s no sugar-coating that it has been a horrible week for markets. Bybit suffered the largest hack in the industry’s 15-year history, Bitcoin (BTC) plunged more than 20% from its high and US President Donald Trump inched closer to slapping 25% tariffs on imports from Canada

Invest 3% in Bitcoin to Avoid COVID-19 Lockdown Devaluation — BitGo CEO
The U.S. has made a rod for its own back with lockdown, and institutional investors already know it, argues Mike Belshe. Coronavirus lockdowns will force people out of fiat currency and into gold and Bitcoin (BTC), the CEO of cryptocurrency asset manager BitGo has warned.In a series of tweets on Aug. 12, Mike Belshe strongly…