Bear Market
Earnings
CoinShares posts £8.2M Q2 loss due to one-off impairment hit from Terra
This is the first time London-based Coinshares has posted a negative quarter since its market debut.
Adoption
African blockchain investments surpass 2021’s total of $127M
The fundraising boom being witnessed by Africa's crypto sector is showing no signs of slowing down anytime soon
Adoption
British soccer club starts accepting Bitcoin for matchday tickets
In addition to buying tickets, club supporters will also be able to pay for food and drinks at Oxford City's RAW Charging Stadium using BTC via the Lightning Network.
Analysis
ECB believes CBDCs are better than Bitcoin for cross-border remittances
The ECB believes that a CBDC would be superior for cross border payments versus private cryptocurrencies like Bitcoin.
Payments
Ripple’s XRP sales increased almost 40% in Q2 vs Q1
The company’s recently released Q2 market report suggests that the spike emanated as a result of increasing demand for its On-Demand Liquidity service.
Research
Research: Bitcoin’s rising illiquid supply suggests rising education regarding Bitcoin storage
More than 75% of all Bitcoin in existence — 14.8 million BTC — is currently held in cold storage or non-custodial wallets.
Adoption
Japan’s central bank scraps CBDC plans due to lack of interest from public
The Bank of Japan said it needs to explore the idea of a digital Yen further before giving it a greenlight as people have better options already.
Adoption
Santander Brazil to launch cryptocurrency trading platform
Leading European banking institution Santander plans on providing its Brazilian clients with access to a crypto trading solution soon.
Adoption
Rio de Janeiro forges ahead with Bitcoin integration plans
Rio de Janeiro secretary of finance and planning is looking to allocate a percentage of the city's treasury into Bitcoin while also providing crypto investors with tax breaks.
Scams
Titanium Blockchain CEO pleads guilty in $21M fraudulent ICO case
The project’s CEO Michael Alan Stollery has pled guilty to one count of securities fraud for which he faces life imprisonment.
Macro
White House alters the definition of a recession to avoid one
Policymakers have changed the conventional meaning of a recession to prevent the economy from falling into one.
Adoption
UK banking giant Barclays acquires stake in $2B crypto unicorn Copper
Reports suggest that Barclays has invested "millions of dollars" as part of Copper's latest fundraiser despite the prevailing bearish market sentiment.
