The platform was launched in beta version on Aug. 11 and allows users to tokenize their social network by buying and selling “shares” of their connections. Source: https://cointelegraph.com/news/friendtech-generates-over-1m-fees-surpassing-uniswap-bitcoin-networks

According to the report, Europe is home to nine out of the ten least profitable countries for Bitcoin production, determined by household electricity costs. Source: https://cointelegraph.com/news/mining-1-btc-lebanon-783x-cheaper-italy-coin-gecko

SEC files motion for appeal on Ripple’s case, Bitcoin and Ether prices plunge and Europe welcomes first spot Bitcoin ETF. Source: https://cointelegraph.com/magazine/sec-seeks-appeal-over-ripple-crypto-prices-plunge-eu-debuts-bitcoin-etf-hodlers-digest-aug-13-19/

This week’s Crypto Biz explores Binance Connect shutdown, BitGo’s funding round, PayPal Crypto Hub, and other news. Source: https://cointelegraph.com/news/crypto-biz-binance-connect-goes-dark-prime-trust-is-bust-and-paypal-unveils-crypto-hub

In just one week, Base has attracted hundreds of thousands of new users, attention from mainstay brands and artists, and unfortunately, scammers as well. Source: https://cointelegraph.com/news/coinbase-base-network-first-seven-days-of-onchain-summer

Silvergate is losing its CEO Alan Lane and two other top executives as part of an ongoing wind-down of the once crypto-friendly bank. Source: https://cointelegraph.com/news/silvergate-ceo-alan-lane-departs-amid-wind-down-lawsuits

The crypto custodian’s bankruptcy comes as it’s been unable to honor customer withdrawals for months. Source: https://cointelegraph.com/news/prime-trust-files-for-bankruptcy-delaware

The pending Grayscale ruling could impact the race for an approved spot Bitcoin exchange-traded fund. Source: https://cointelegraph.com/news/grayscale-spot-bitcoin-etf-decision-this-week

John Reed Stark believes SEC chair Gary Gensler could throw in the towel, depending on a possible scenario to play out in 2024. Source: https://cointelegraph.com/news/this-scenario-could-see-sec-gary-gensler-resign

Blockchain security firm PeckShield estimates the protocol suffered more than $2.1 million from the price manipulation attack. Source: https://cointelegraph.com/news/zunami-protocol-confirms-stablecoin-pools-attacked-in-exploit