Daily Crypto Report

"BitGo says they may take legal action against Galaxy Digital" August 16, 2022

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Today’s blockchain and cryptocurrency news

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Bitcoin is up slightly at $24,017

Ethereum is up 1% at $1899
and Binance Coin up slightly at $316
Dogecoin up 15%

Coin Center is preparing a possible legal challenge for tornado cash’s sanctions.

Sudoswap has set their automated market maker royalties to 0% for NFT creators

acala stablecoin has returned near its $1 peg as the community burned the 1.2B aUSD tokens

Crypto custody firm BitGo says they may legal action against Galaxy Digital

Links:

  • Analysis: What is and what is not a sanctionable entity in the Tornado Cash case - Coin Center
  • Acala on Twitter: "The recently passed community governance referendum has now been executed. 1,292,860,248 total erroneously minted aUSD have been returned to the honzon protocol and burned. Details in thread below ⤵" / Twitter
  • Crypto Custody Firm BitGo to Sue Galaxy Digital for Abandoning $1.2B Merger Agreement

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