Blockchain Today Weekly Digest

22 Aug — 28 Aug

The week was full of crypto and blockchain events. Let’s see what has happened in our digest.

1. Binance Suspends Tezos Startup Baking Bad Account

Cryptocurrency exchange Binance has suspended the corporate account of Tezos ecosystem-focused startup Baking Bad. The latter called the actions of the platform unlawful.

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2. Report Says Ethereum Merge Will Negatively Impact DeFi Stablecoins

A new report by Dapp Radar says Ethereum is currently the largest blockchain on which DeFi apps and protocols operate, and the upcoming network upgrade will have an impact on DeFi stablecoins.

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3. Celsius Claims Prime Trust Should Return the Company Around $17 M

The crypto lender Celsius, which is facing bankruptcy processes currently, is suing Prime Trust over $17 M in cryptos. The trust company provided custody and other services for Celsius. In June 2021, the businesses dissolved their partnership. According to the filing, Prime Trust returned about $119 M worth of crypto, however that wasn’t the all.

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This was the most important news for this week. Follow us for reading our weekly digests and always be updated!