News digest for July 16

TOP 5 news for Saturday, July 16, from CoinShark journalists. News about bankrupt companies, SHIB cryptocurrency, regulation of digital assets and NFT-sphere.

Celsius Network, which has $1.2 billion in debt to investors, could pay off the debt with bitcoin mining in 2023. To this end, all income from the Celsius Mining LLC division, which, according to analysts, is about 15,000 BTC, will be used to pay off debts.

Ethereum whales are actively accumulating SHIB. According to WhaleStats, the top 100 whales have now accumulated a massive amount of Shiba Inu tokens. They make up the bulk of their portfolio. Now SHIB is in the TOP-10 most purchased assets.

Spain plans to issue several grants for the development of the Metaverse for a total of $4 million. The funds will be intended for individuals and companies developing projects in the EU. We are talking about startups developing games, virtual, augmented and augmented reality.

An associate of John McAffee, who was also sued for crypto fraud, received a ban on professional crypto investments and a $375,000 fine. McAffee is cleared of charges in connection with his death.

The owner of the rare Punk #4156 resold it for a $7 million loss. NFTs sold on Friday for 2,691 ETH ($3.3 million), although it was purchased for 2,500 ETH (10.26 million). The difference will be used to reduce capital gains tax.

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CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources . Cryptocurrency is a high-risk asset, investing in it can lead to losses. Readers should do their own research before taking any action.

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