This Week in Coins: Companies Report Big Bitcoin Impairment Charges but Markets Mostly Shrug

Elsewhere, the need to enact clearer crypto regulations bridges party divides in both the US and in the UK

UK Parliamentary Group Seeks Views of Crypto Industry Players

A parliamentary group in the United Kingdom, the Crypto and Digital Assets All Party Parliamentary Group (APPG), recently said it had launched an inquiry that will examine the country’s present approach to crypto and digital asset regulation.

Meta Expands Instagram’s NFT Rollout to 100 Countries — Platform Connects With Third Party Web3 Wallets

In a blog post called “Introducing Digital Collectibles to Showcase NFTs on Instagram,” the parent company of Facebook, Meta, announced the company has started an “international expansion to 100 countries.” The company also revealed integrations with specific Web3 wallets that support the Ethereum, Polygon, and Flow blockchains.

UK Parliamentary Group Seeks Public Comment for Shaping Ecosystem in Crypto Sector

The United Kingdom’s Crypto and Digital Assets All Party Parliamentary Group (APPG) is calling for public comments as it commences its inquiry into the emerging blockchain ecosystem in the UK.

UK parliamentary group calls for submissions in new crypto asset inquiry

The UK’s Crypto and Digital Assets All Party Parliamentary Group (APPG) announced it will launch an inquiry into the crypto and digital asset industry. The United Kingdom Crypto and Digital Assets All Party Parliamentary Group (APPG) announced Thursday its upcoming inquiry on the country’s crypto and digital asset sector.

Slope Wallets Assumed to Be the Culprit of the Solana Attack

According to new reports and hack-related investigations, a third-party wallet was responsible for the Solana exploit.

OpenSea NFT Gifting Feature Raises Concerns About Mislabeled Transactions

The feature is causing some third-party wallet trackers to miscategorize NFT gifts as purchases by the recipient.

Hong Kong university to inaugurate mixed reality classroom in Metaverse

By building MetaHKUST, the institution plans to create a learning environment that virtually connects the two campuses — in Hong Kong and Guangzhou. The Hong Kong University of Science and Technology (HKUST) announced to host the launch party of a virtual reality classroom over the Metaverse on September 1.

Ripple v. SEC lawsuit takes a new turn as 'unidentified' third-party enters

The SEC and Ripple case has reached a frustrating impasse as both sides struggle to hold their ground.

Deposits at non-bank entities, including crypto firms, are not insured — FDIC

The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies. The United States Federal Deposit Insurance Corporation, or FDIC, has issued an advisory informing the public it “does not insure assets issued by non-bank entities, such as crypto companies.”In a Friday notice, the FDIC advised banks in the US that they needed to assess and manage risks in third-party relationships with crypto firms.

Zipmex Files for Bankruptcy Protection, Seeking Moratoriums from Third Party Creditors

Singapore-based crypto trading platform Zipmex has filed a moratorium for seeking bankruptcy protection from the local court.

Final candidates for next UK prime minister have made pro-crypto statements

The Conservative Party is expected to decide between Rishi Sunak and LizaTruss as the next party leader by Sept.

SEC Philippines to investigate Binance over alleged illegal operations

A think tank in the Philippines doesn’t give up on efforts to ban Binance, now claiming that the crypto exchange has been operating illegally in the country. Philippines’ think tank Infrawatch PH continues efforts to ban Binance in the country by asking more regulators to investigate the cryptocurrency exchange over alleged illegal operations.Infrawatch PH on Monday filed a twelve-page complaint calling on the Philippines’ Securities and Exchange Commission (SEC) to crack down on Binance’s activities in the Philippines.According to the think tank, Binance has been operating in the Philippines for several years without approval by appropriate authorities.Terry Ridon, the convenor for Infrawatch PH, claimed that Binance has no office in Manila and only uses “third-party companies that employ Filipinos for its technical and customer support services.” He also referred to former finance secretary Carlos Dominguez who publicly declared last month that Binance had no records with either the SEC or the Bangko Sentral ng Pilipinas (BSP).“The SEC has served the public well by banning unscrupulous online lending services.

Crypto user who lost $163M in Bitcoin wants to deploy robot search party: Report

Bitcoiner James Howells planned to speak with the Newport City Council in the coming weeks on a proposal to find his hard drive discarded in a landfill nine years ago. James Howells, a British man who mistakenly discarded a hard drive containing roughly 7,500 Bitcoin in 2013 has reportedly started looking at having robots and humans work together to retrieve his crypto from a local landfill.According to a Sunday report from Business Insider, Howells has pitched an $11-million idea to locate and recover the lost hard drive, which may be surrounded by up to roughly 110,000 tons of garbage.

Polkadot Makes Strides as New Parachains Join the Party

Polkadot, the sleeping giant of the cryptosphere, has just completed its most productive quarter to date.