Top investment deals across the crypto sector over the last week (Aug. 13 – 19, 2022): Skynet Labs is shutting down Skynet Labs, behind decentralized internet platform Skynet, is shutting down after the company couldn’t raise more funds, according to its blog post on Aug. 12. Skynet Labs was formed as the company sought to…

The South African Reserve Bank (SARB) warned financial institutions against the “wholesale” ban on customers with digital assets. The regulator said the banks should not “avoid risk entirely” amid the booming economy in the region. The South African central bank said that south African financial institutions will now be allowed to deal with funds linked…

Tether, the issuer of the largest stablecoin USDT, published its latest quarterly attestation report for the token’ reserves on August 19. The report by Tether’s new auditing firm BDO Italia confirmed a more than 57.5% decrease in Tether’s commercial paper holdings over the prior quarter. However, many still await Tether’s audit report from a “Big…