Links:

• Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz
• South Korean opposition set to tackle controversial crypto tax law
• Blockchain Analytics Firm Elliptic Raises $60M to Fund R&D, Expansion — CoinDesk

Bitcoin is up .5% at $48,959
Ethereum is up 1% at $3,905
and Binance Coin is up .5% at 587.

Polygon up 31%
Cardano up 15%
Cosmos up 15%

Microsoft is closing down its Azure Blockchain Service in September.

The Bank of England says it looks probable that the state would need to issue some form of digital cash to retain citizen’ confidence.

Argentina’s Tax authority has ordered crypto exchanges to file information on transactions.

Binance is facing an investigation by the IRS and Department of justice

The Bitcoin wallet used by DarkSide for ransom payments has ben ID’d by Elliptic

Links:

• Azure Blockchain Service retirement notification and guidance - Azure Blockchain | Microsoft Docs
• Binance Faces Probe by U.S. Money-Laundering and Tax Sleuths (1)
• Elliptic Follows the Bitcoin Ransoms Paid by Colonial Pipeline and Other DarkSide Ransomware Victims
• Do we need ‘public money’? - speech by Jon Cunliffe | Bank of England
• Argentina’s Tax Authority Orders Crypto Exchanges to File Information on Transactions: Report - CoinDesk

Bitcoin is up 2% at $18,323
Ethereum is up 1% at $554
and XRP is down 5% at 53 cents

Top gainers in the last 24 hours:
Stacks up 13%

Vladimir Putin signed an order requiring public officials in russia to disclose their digital assets.

The IRS has moved the crypto tax question to the top of the Form 1040.

Oyster Pearl creator charged.

Blockchain research firm Elliptic says privacy wallets are replacing mixers.

Links:

• The IRS has officially moved its crypto tax question to the top of Form 1040, making it much more prominent - The Block
• Cryptocurrency Founder “Bruno Block” Charged With Multimillion-Dollar Tax Evasion Scheme | USAO-SDNY | Department of Justice
• Financial Crime Typologies In Cryptoassets: The Concise Guide for Compliance Leaders
• Putin Orders Russia's Public Officials to Report Crypto Holdings - CoinDesk

One Billion Dollars in Bitcoin Moved

Australian Senator: "The Future is Blockchain"

Links:

• Nearly $1B in Bitcoin Moves From Wallet Linked to Silk Road - CoinDesk
• Australian senator says blockchain can make financial compliance easier

Bitcoin is up slightly at $9,169
Ethereum is up 0.5% at $235
and XRP is down 0.5 at 20 cents

Top gainers in the last 24 hours:
iExec RLC up 30%
and Machine Xchange up 26%

Jack Abramoff has plead guilty to charges of conspiracy and violating the Lobbying Disclosure Act in the AML BitCoin scam.

Elliptic has said said 3 bitcoin from the twitter hack were sent to a likely wasabi wallet for mixing.

Canadian startup BlockCrushr Labs is taking ConsenSys to court over stolen trade secrets.

Bitcoin is up 2% at 9,650
Ethereum is up slightly at $202
and XRP is up 1% at 20 cents

Top gainers in the last 24 hours:
Travala(.)com up 79%
and Quant Netork up 26%

Crypto(.)com has dropped its MCO visa card to the european market

JK Rowling asked Twitter for an explanation of Bitcoin. The replies were varied and less than magical, leaving her unimpressed.

Elliptic has released a report saying that illicit Bitcoin activities have remained below 1% for the past few years.

Bitcoin is even at $10,238
XRP is up 2.75% at 33 cents
and Ethereum is up 4.5% at $282

Top gainers in the last 24 hours:
Wax up 65%
Golem up 33%
Elf up 21%

Wells Fargo is investing 5 million in blockchain analytics firm Elliptic

The IRS has removed Ether and two gaming tokens from examples of convertible virtual currencies.

Authorites in the US are charging DropBit CEO for allegedly laundering $311 million in bitcoin

Novogratz’s Galaxy Digital lays off 13 people.

Links:

• IRS removes ether and two popular gaming tokens as examples of convertible virtual currencies - The Block
• US authorities charge DropBit CEO for allegedly laundering $311M in bitcoin - The Block
• Novogratz's Crypto Investment Firm Galaxy Digital Shrinks Workforce 15% - CoinDesk
• Wells Fargo invests $5M in blockchain analytics firm Elliptic - The Block

Elliptic Raises 23 Million Dollars

Dutch Bank Toughens Rules on Crypto

Ripple Hires Ron Hammond

Links:

• Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI - CoinDesk
• Crypto Firms Serving Netherlands Must Register With Dutch Central Bank - CoinDesk
• Ripple Hires Legal Expert Behind Token Taxonomy Act - CoinDesk

Bitcoin is up 2.4% at $10,767
XRP is down slightly at 31 cents
Ethereum is up 1% at $222

Top gainers in the last 24 hours:
Hydro up 36%
RChain up 26%
Chainlink up 18%

The Goldman Sachs backed Apple card will not allow the purchase of cryptocurrencies.

China has announced that it is planning to accelerate the research and development of its “legal digital currency”.

AWS has launched a competition with several partners with a 100,000 grand prize.

MIT & Elliptic are using machine learning to examine bitcoin transactions that may be associated with illicit activity.

Links:

• China's central bank seeks to accelerate the development of its 'legal digital currency' - The Block
• The Apple Card, issued by Goldman Sachs, will not allow purchase of cryptocurrencies - The Block
• Time, Randomness, and a $100,000 Prize to Forever Change Blockchain | AWS Startups Blog
• MIT's AI Lab Analyzed 200,000 Bitcoin Transactions. Only 2% Were 'Illicit' - CoinDesk