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Inflation continues to rise globally, especially across Latin America where hyperinflation afflicts many countries. Could Bitcoin and the emerging digital token economy be the answer?

https://www.crowdfundinsider.com/2022/08/194860-the-age-of-cryptocurrency-marks-the-path-to-financial-liberation-in-latin-america/

Losses arising from cryptocurrency hacks jumped nearly 60% in the first seven months of the year to $1.9 billion, propelled by a surge in funds stolen from decentralized finance (DeFi) protocols, according to a blog post from blockchain analysis firm Chainalysis released on Tuesday.

https://www.reuters.com/markets/us/losses-crypto-hacks-surged-60-19-bln-jan-july-chainalysis-2022-08-16/

Popular crypto exchange Crypto.com recently obtained a regulatory license from Canada's Ontario Securities Commission (OSC) to offer crypto products in Canada.

https://insidebitcoins.com/news/crypto-com-to-offer-crypto-products-under-canada-osc

Crypto custody company BitGo plans to sue Galaxy Digital for backing out of the firm's $1.2 billion merger agreement. CoinShares reporting crypto funds had $17 million in outflows in the seven days up to Aug. 12, ending six consecutive weeks of inflows.

https://www.youtube.com/watch?v=nNAxCOriQzY

Although blockchain technology is still growing, some established companies are pumping money into different projects offering specific use cases.

https://finbold.com/alphabet-is-the-worlds-top-blockchain-friendly-investor-pumping-1-5-billion-into-the-sector/?SNAPI

The Financial Supervisory Service (FSS) has ordered regulators to look into the activities of South Korean banks regarding their involvement in the Kimchi premium. According to a local news station report, several banks acted as facilitators to help move more than $6.5 billion abroad.

https://www.cryptopolitan.com/fss-order-investigation-banks-kimchi-premium/

Chinese regulatory scrutiny of cryptocurrencies has since made its way into the NFT space, as expected. However, what started out as just a regular deterrent to citizens from investing in NFTs has spread to the platforms that offer such services.

https://bitcoinist.com/tencent-shuts-down-nft-marketplace/

Stillmark VC Founder and Managing Partner Alyse Killeen joins Emily Chang and Bloomberg's Sonali Basak to discuss the global institutional sentiment in crypto as the bear market takes hold. Plus, why she thinks it is a crucial time for startups and the Bitcoin ecosystem more broadly, to take stock, sound out customers, and engineer solutions to Bitcoin's remaining challenges.

https://www.youtube.com/watch?v=KcmF048Q5w8

Gate.io Group, the company behind global cryptocurrency exchange Gate.io, has hit a “strategic milestone” as it expands its virtual asset custody services to Asia's financial hub of Hong Kong.

https://invezz.com/news/2022/08/16/gate-io-expands-crypto-custody-services-to-hong-kong-with-key-license/

Galaxy Digital, a virtual asset leader, has terminated its ongoing acquisition deal with the crypto custodian, BitGo.

https://insidebitcoins.com/news/galaxy-digital-terminates-bitgo-aquisition-deal

Coinbase Global, Inc, U.S.'s largest crypto exchange landed under the scrutiny of the SEC over different allegations. However, the digital asset platform recently filed its interim financial reports which illuminate new assets called “Customer crypto assets”.

https://coingape.com/?p=119651

Suspects in Israel allegedly bought cryptocurrencies in a bid to launder COVID-19 funds illegitimately gleaned from the French government

https://blockworks.co/israel-busts-crypto-laundering-op-over-french-covid-relief-fraud/

Coinspeaker Crypto.com Becomes First Firm to Comply with Securities Watchdog in Canada

https://www.coinspeaker.com/crypto-com-canada-securities/

One of most famous fund managers believes there is still some room for falling down

https://u.today/big-short-hero-michael-burry-exits-all-markets-is-it-sign-for-crypto

A United Nations trade body has recommended a set of policy actions to “curb the expansion of cryptocurrencies in developing countries.” The intergovernmental group stressed that if cryptocurrencies become a widespread means of payment, it could jeopardize the monetary sovereignty of countries.

https://news.bitcoin.com/un-agency-urges-authorities-to-curb-cryptocurrency-expansion-in-developing-countries/