MetaVSummit in Dubai MetaVSummit, the largest Web 3 & Metaverse event for investors and founders, will be held in Dubai, UAE, on Sep. 14-15, 2022. The event has up to 1000 delegates who could meet under one roof in The Ritz Carlton, DIFC, looking to strategically partner with the top Crypto, NFT & Metaverse companies…

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…

Huobi’s HUSD became the latest stablecoin to de-peg from the US dollar. The HUSD stablecoin, associated with the Huobi Global crypto exchange, has fallen to $0.89, an 11% drop from its planned $1 peg, according to CoinMarketCap. It seems that troubles for stablecoins are yet to be over, despite the crypto market returns on the…

The EOS Foundation plans to hardfork the EOS blockchain on September 21. This Proof-of-Stake blockchain is set to rebrand to EOSIO as the project tends to distance itself from notorious developer Block.one. In response, the EOS token has rallied more than 24% over the past 24 hours. In a tweet on August 17, the EOS…

EU banks exposed to crypto might face caps and hefty capital requirements due to proposed amendments to a financial-services law published on August 17. Lawmakers of the European Green Party want to anticipate international standards by legislating heavy capital requirements for lenders. The plans, presented by Green Party lawmaker Ville Niinistö, seek to anticipate capital…

In anticipation of the Merge, Ether’s price has surged, and the higher yields foreseen by derivatives traders would further enrich the Ethereum ecosystem. Ethereum’s Merge seems poised to make staking the blockchain’s ETH tokens more rewarding than ever, derivatives traders believe. Yields are seen jumping to 8% from around 4% now, according to interest-rate swap…

Polkadot’s DeFi protocol Acala is struggling to edge back its native stablecoin aUSD to the dollar peg after the community voted to burn 1.29 billion of aUSD. Following a smart contract exploit that dropped the aUSD’s value, a new governance vote aims to bring the token back to its peg. These “extra” tokens were minted…

The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain. Now they’re moving to Aptos. An investigation by Danny Nelson and Tracy Wang published on CoinDesk. Something about Sunny Aggregator felt off-kilter to the cryptocurrency user known as Saint…