Crypto.com becomes the first cryptocurrency exchange to commit to offering crypto products in line with the rules of the Ontario Securities Commission. The post Crypto.com Inks Agreement to Operate Under Canada's Securities Watchdog appeared first on BeInCrypto.

https://beincrypto.com/crypto-com-inks-agreement-to-operate-under-canadas-securities-watchdog/

Acala's community is debating a coin burn to restore the value of its aUSD stablecoin.

https://cryptobriefing.com/acala-community-debating-massive-token-burn-to-recover-from-exploit/

Leon Li is reportedly looking to sell the majority of his stakes in the company.

https://dailycoin.com/huobi-founder-to-his-stake-at-3-billion-bankman-fried-and-justin-sun-reportedly-in-talks/

In a recent interview, Binance CEO Changpeng Zhao said that the present cryptocurrency market is volatile, but this is the best time to invest in the industry.  He said the crypto bear markets are the moments investors can find opportunities at excellent prices.

https://www.benzinga.com/markets/cryptocurrency/22/08/28387181/binance-ceo-zhao-says-this-is-the-right-time-to-invest-in-crypto?SNAPI

Japanese crypto companies demand tax reforms from the government, arguing that the existing approach is incompatible with international tax regulations. The proposals were made by the Japan Virtual Currency Exchange Association (JVCEA) and the Japan Cryptoasset Business Association (JCBA), who according to CoinPost produced a joint report calling for tax reform in 2023.

https://www.dcforecasts.com/regulation/japanese-crypto-companies-demand-tax-reforms-from-government/

Following the Voyager Digital (TSX: VOYG) (OTCQX: VYGVF) debacle that ended in bankruptcy after a loan from Three Arrow Capital (3AC) was not repaid, the Federal Deposit Insurance Corporation (FDIC) was compelled to make a statement on certain holdings at the Metropolitan Commercial Bank.

https://www.crowdfundinsider.com/2022/08/194481-here-is-the-fdic-advisory-on-insured-firms-that-deal-with-crypto/

The venture-capital arm of the USDC stablecoin issuer backed Nomad and Slope, which were both exploited this week.

https://www.coindesk.com/business/2022/08/04/circle-invested-in-2-hacked-crypto-companies-adding-to-its-headaches-amid-stablecoin-scrutiny/

According to new survey, the cryptocurrency industry has suffered the effects of the bear market despite multiple enhancements, both completed and planned.

https://www.thecryptoupdates.com/cryptocurrency-interest-dropped-nearly-30-among-americans-in-2022/

Mehra thinks crypto could aid the global transition from cash to electronic forms of settlements, but it is still too volatile to be used as a payment method.

https://cryptopotato.com/crypto-is-an-asset-class-not-payment-instrument-says-mastercards-cfo/

Based on what Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR) announced on Tuesday (August 2), the firm will have a new CEO as of August 8.

https://www.cryptoglobe.com/latest/2022/08/3-days-after-vitalik-calls-saylor-a-total-clown-microstrategy-announces-a-new-ceo/

The financial regulator admits it's high time to shift the focus from the KYC/AML issues to more nuanced risks, poised by stablecoins.

https://cointelegraph.com/news/singaporean-financial-watchdog-to-consult-public-on-stablecoin-regulation

The US SEC has charged 11 individuals for creating and promoting a fraudulent crypto pyramid scheme that operated in 2020. Forsage raised over $300 million from retail investors worldwide.

https://coinquora.com/ponzi-forsage-founders-to-appear-in-court-for-300m-crypto-fraud/

Although the cryptocurrency market is slowly starting its road to recovery after the rout it went through in recent months,

https://finbold.com/celebrity-crypto-endorsements-gone-wrong-where-are-they-now/?SNAPI

Projected to grow at an incredible 59% compound annual growth rate over the next 5 years

https://en.cryptonomist.ch/2022/08/01/crypto-atms-472-million-market-2027/

The CEO of crypto fund Pantera Capital, Dan Morehead, believes the worst of the crypto downturn may be over. Morehead, whose firm manages assets totaling approximately $5.1 billion, says the worst of the crypto crash occurred in May and June when the stresses in the system peaked. “I think we're really close to the end.

https://dailyhodl.com/2022/07/30/is-crypto-bottom-fully-in-ceo-of-5100000000-digital-asset-fund-says-industrys-stresses-peaked-in-q2/