Weekly Industry Update: August 14 - August 20

Here's your weekly recap of top industry news and insights:

1. Market-wide plunge sent cryptocurrencies tumbling on Friday, causing crypto markets to lose 6.7% in overall capitalization with more than $1 billion in crypto futures liquidated (CoinDesk)
2. SpaceX writes down its $373 million worth of #bitcoin holdings (Bitcoincom)
3. Coinbase gets approval to offer crypto futures trading to U.S retail customers (Reuters)
4. North Korean hackers have stolen over $2 billion worth of cryptocurrencies since 2018 in over 30 attacks? (TRMLabs)
5. AI-powered technology is protecting brands from IP fraud and wash trading risks in Web3 (Cointelegraph)
6. $BALD dev sends 12M in ETH back to the #ethereum network after a mess-up (CoinDesk)
7. Dogecoin’s core developer, Mishaboar, against moving to Proof-of-Stake (PoS) mechanism (Bitcoinist)??
8. Shiba Inu’s Layer-2 #shibarium launch has had a rough start after months of waiting with $1.7M worth of ETH stuck between 2 networks (Decrypt)
9. Paypal to temporarily pause UK crypto buying on its platform from October 1st amid new regulations (Reuters)
10. Weekly #nft sales decrease by 1.18% despite rise in number of buyers (Bitcoincom)
11. El Salvador, who adopted Bitcoin as legal tender in 2021, sees its dollar bond return rise to 70% in 2023 (Cointelegraph)
12. Memecoins #pepe and #shib drop more than 20% over the week (Decrypt)
13. Helium Mobile launches decentralized first of its kind $5 unlimited mobile plan (Cryptoslate)
14. FTX’s Sam Bankman-Fried requests weekday bail from jail (Bitcoinist)
15. Friend.tech has made over $1.04 million in fees, letting former Twitter personalities give out shares on its app for access to exclusive group chats (CoinDesk)
16. Judge approves SEC’s request to file an appeal in its case against Ripple (CoinGeek)
17. Opensea to stop supporting BSC (Binance Smart Chain) NFTs as the cost of maintaining them outweighs the profits (Bitcoinist)
18. NFT platform Recur to shut down its operations (Decrypt)
19. Germany, United Kingdom, and Spain were most popular countries using Swapin’s crypto-to-fiat #paymentsolutions last week
20. Most popular #cryptocurrency transacted with last week on Swapin - #btc for individual and #usdt for business customers

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