Judge Grants Ripple’s Video-Related Subpoena Requests, Galaxy Digital Calls Off BitGo Acquisition, Monero Upgrade + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. 

Legal news

• California-based start-up Ripple’s request to serve the US Securities and Exchange Commission (SEC) two subpoenas to authenticate a number of videos has been granted, defense lawyer James K. Filan tweeted. Over the weekend, a judge granted the Ripple Defendants’ motion to authenticate videos of seven public remarks, made by SEC officials, while at the same time ignoring the SEC’s claim that the defendants were looking to reopen fact discovery.
• At the court hearing that took place earlier today, South Asian crypto exchange Zimpex was given a three-month deadline to address its liquidity crisis, according to The Straits Times, citing an anonymous source familiar with the matter. It said Zimpex has until December 2 to come up with a solution. Allegedly, the company tried to get as much as six months for its five companies, including Zipmex, Zipmex Asia, Zipmex Thailand, Zipmex Indonesia, and Zipmex Australia.

Investment news

• Financial services firm Galaxy Digital Holdings is calling off its acquisition of institutional digital asset platform BitGo, which was first announced in early May this year. Per an announcement, BitGo failed to deliver audited financial statements for 2021 that comply with the agreement requirements, within the deadline (July 31, 2022).
• Blockchain analytics platform Nansen announced the launch of a new portfolio tracker, earlier today. The Nansen Portfolio is described as a “fully integrated portfolio tracker” capable of covering more than 450 protocols across 42 chains, said a press release shared with Cryptonews.com. In May this year, the company acquired investment tracker Ape Board.
• Billionaire investor Mark Cuban said that dogecoin (DOGE) is “more usable as a currency” than cardano (ADA). This is “a competition between applications to drive crypto use by non-crypto users. The winning app will determine which underlying chain will get the most use,” he said.

Blockchain news

• Over the weekend, Monero (XMR) upgraded its blockchain to bring users more privacy. Announcing the hard fork via Twitter, the project said that ringsize 16, Bulletproofs+, and view tags were all successfully implemented. Users are advised to update their nodes and wallets to continue using Monero.

Regulation news

• Major crypto exchange said it obtained the In-Principle Approval from Kazakhstan’s Astana Financial Services Authority (AFTA) to operate a digital asset trading facility and provide custody in the Astana International Financial Centre (AIFC). Now, Binance needs to complete the full application process, which it said it expects to complete “in due course”.

Sport news

• Four US Paralympians are raising awareness about disability and the Paralympic Movement through the release of a collection of non-fungible tokens (NFTs), said a press release shared with Cryptonews.com. This joint venture of artists and athletes is designed to showcase their respective talents. The Paralympic edition of NFTs will drop on August 19th.

Web3

• Business developer and media figure from Lebanon, Wissam Breidy, is teaming up with open finance protocol Crypto Oasis, to bring Web3 and blockchain closer to the Arab community. According to the official announcement, Breidy will use his popularity and media strength to demonstrate the disruptive potential of Web3 technologies.