What is Dogechain? The Reason Behind DogeCoin’s Massive Rally – Ethereum World News

TL;DR

The leading meme coin, $Doge, is expanding its utility with the launch of the blockchain platform Dogechain.
Dogecoin holders can bridge their holdings to Dogechain and interact with the networks DeFi Apps and potential future NFT marketplaces.

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Crypto Corner: The Sports Slice | Bitcoinist.com

Dapper Labs is taking sports NFTs up a notch with a new NFL team partnership, a Premier League football club is back under the radar from advertising regulators, and well-recognized Dallas Mavs owner Mark Cuban has his fair share of crypto controversy this week.

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Polkadot Stablecoin Depegs Following $1.2 Billion Acala Network Exploit – Ethereum World News

TL;DR

Acala network, the defi protocol for Polkadot, has suffered a breach, and its stablecoin depegged from the dollar. 
Acala Network’s aUSD stablecoin currently sits below $1, dropping as low as 0.58 at one point.
It is reported that hackers collected approximately $1.2 Billion $AUSD.

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Altcoin Season 2022: Is This the Beginning of Big Gains for Alts? – BeInCrypto

Altcoin enthusiasts have experienced a lot of suffering in 2022. Not only has the BTC price fallen drastically over the past 10 months, but the valuation of most altcoins against Bitcoin has also collapsed sharply.

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Tornado Cash DAO Website Goes Offline After Developer Alex Pertsev’s Arrest – Ethereum World News

TL;DR

The software developer arrested by Dutch authorities earlier this week is Alex Pertsev, according to The Block.
Tornado Cash DAO’s website has gone offline since the arrest.

Dutch police arrested suspected Tornado Cash developer on Wednesday, 10 August.

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Ethereum Merge Tentative Date Is Set And It’s Sooner Than You Think – Ethereum World News

The Ethereum core developer team has discussed the tentative dates for the Merge to take place.
The dates are not definitive; however, the devs have agreed that the Bellatrix update would land on September 6, and the Paris update would target September 15.

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Ripple is Interested in Acquiring Bankrupt Crypto Lender Celsius Assets: Reuters Report – Ethereum World News

TL;DR

San Francisco-based company Ripple Labs Inc is potentially interested in purchasing assets of bankrupt Crypto Lender: Celsius.
Ripple is actively looking for market opportunities to “strategically scale the company,” according to Ripple’s spokesperson.
The company was sued by the U.S.

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Wallet Connected To Celsius CEO Alex Mashinsky Cashed Out CEL During Token’s Recent Surge – Ethereum World News

TL;DR:

Blockchain data from crypto intelligence firm Nansen and Arkham Intelligence identified a couple of transactions completed on a wallet identified as Mashinsky’s. 
The wallet sold 17,475 CEL and swapped them for 28,242 Ether, according to Etherscan.

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US Government Prohibits American Citizens from Interacting with Tornado Cash – Ethereum World News

TLDR:

The U.S. sanctioned Tornado Cash, the mixing token that makes Ethereum transactions untraceable. 
The U.S. Treasury’s Office of Foreign Asset Control posted the updated sanctions list. 
The order makes it illegal for U.S. citizens to use Tornado Cash.

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Cardano (ADA) Staking Goes Live On Swiss digital bank Sygnum Along With ETH 2.0, ICP, And Tezos – Ethereum World News

Summary:

Sygnum has added Cardano staking to its bank-grade yield-generating portfolio.
The banks’ users can now take ADA tokens on a platform with Institutional-grade security, per the announcement.
 ADA becomes the fourth crypto asset to join Sygnum’s portfolio along with Ethereum 2.0 and Tezos.

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