The wildfire is reportedly the second fire in that same location attributed to the company in the last month. Spain has been facing devastating fires brought on by record-breaking temperatures and drought, and Land Life acknowledged that contractors should not have been working during the heat wave due to the extreme fire risk.
Blockchain-powered carbon offset company Land Life starts 35,000-acre forest fire in Spain
- "La empresa forestal que originó el fuego de Ateca ya causó otro hace un mes en el mismo lugar", Heraldo (in Spanish)
- "Land Life Company Raises €3.5 million in Series A Funding", press release
- Comunicado - Incendio Bubierca, Land Life (in Spanish)
NFT collector Franklin loses 100 ETH (~$150,000) in a joke gone wrong
Based on a follower's suggestion, he created the ENS domain stop-doing-fake-bids-its-honestly-lame-my-guy.eth and placed a 100 ETH bid on it. To his surprise, another person came along and offered him 1.9 ETH (~$2,900). Apparently excited to receive a sizeable offer for a gag NFT, franklinisbored accepted the offer and took to Twitter to write about his good fortune: "Well this is the most surprising 1.891 ETH I have ever made. I owe it all to #ENS and @gweiman_eth's creative idea. #Marketing101".
Meanwhile, he had forgotten to cancel his joke 100 ETH offer, which remained active. The new buyer accepted the offer and sold the NFT back to him, pocketing 98 ETH in the process. Franklinisbored wrote on Twitter, "I was celebrating my joke of a domain sale, sharing the spoils, but in a dream of greed, forgot to cancel my own bid of 100 ETH to buy it back. This will be the joke and bag fumble of the century. I deserve all of the jokes and criticism." He also sent the 1.9 ETH back to the other person, with a message asking them to reverse the transaction. The other person replied, "No, thank you for the money though."
- Tweet by franklinisbored
- Token on Etherscan
Tesla announces they sold 75% of their Bitcoin
In their report, Tesla stated that "Conversions in Q2 added $936M to our balance sheet." Assuming this is all Bitcoin, this suggests Tesla sold at around $28,900 — a 7–10% decrease from their buy price. The company stated in a shareholder presentation that the "Bitcoin impairment" had damaged the company's Q2 profitability.
This is grim news for some crypto enthusiasts, a group that overlaps considerably with Tesla and Musk superfans. Musk's Bitcoin purchases helped to convince many new people to buy in, and the news of Tesla's decision caused a sharp 2.5% decrease in Bitcoin prices.
Zipmex indefinitely halts withdrawals
According to CoinDesk, Zipmex faces an enormous loss on a loan of $100 million worth of assets to Babel Finance, an exchange that suspended withdrawals in mid-June and is now hiring restructuring attorneys.
On July 21, the Thai Securities and Exchange Commission sent a letter to Zipmex asking them to explain their decision, requesting details on customer assets under custody and where they were invested — particularly around any assets deposited in Celsius or Babel Finance.
- "Crypto exchange Zipmex halts withdrawals due to 'volatile market conditions'", The Block
- Tweet by Zipmex
- "Zipmex a Victim of Crypto Contagion as Concerns Grow Over Babel Loan: Sources", CoinDesk
- "ก.ล.ต. ให้ บริษัท ซิปเม็กซ์ จำกัด (Zipmex) ชี้แจงข้อมูลเพิ่มเติมเกี่ยวกับทรัพย์สินของลูกค้า", Thai SEC (in Thai)
Minecraft announces they will not support or allow NFTs
- "Minecraft and NFTs", Minecraft blog
- "Minecraft", Wikipedia
Korean authorities raid seven cryptocurrency exchanges in relation to Terra investigation
$20 million taken from Raccoon Network and Freedom Protocol in likely rug pull
Raccoon Network is a metaverse project. Freedom Protocol invested in the project in late June, and announced they would be working together. Freedom Protocol is a defi project that advertises an 183,394.2% APY "compounded by scientific calculations".
- Tweet by PeckShieldAlert
- Press release by Raccoon Network
$7,500–$300,000 NFT-holders-only club set to open in SF, holders still have to pay for their food
The Sho Restaurant does plan to allow members of the public as well as NFT holders, and even the holders will still have to pay for their food. NFT holders also get access to the exclusive Sho Club, and things like "Access to all future Sho Club lounges" (no such lounges appear to be in planning). Those who pay $15,000 or $300,000 for top two tiers of NFTs receive access to perks including a "Monthly curated omakase members dinner (food & beverage not included).
FBI warns of fraudulent crypto apps that have stolen an estimated $42.7 million
The FBI stated they had identified 244 victims, and estimated the total loss associated with these fraudulent apps to be around $42.7 million.
- "Cyber Criminals Create Fraudulent Cryptocurrency Investment Applications to Defraud US Investors", Federal Bureau of Investigation
Bexplus crypto exchange closes, gives users only 24 hours to withdraw funds
Only four days prior, on July 14, Bexplus had published a press release offering "rewards worth up to $5,000 to new users who sign up and make their first deposit". The project also promised its users up to 21% interest on bitcoin kept with the exchange. Bexplus had also promised a 100% match on deposits to the platform, up to 10 BTC (currently priced at $235,550).
- "Notice on Indefinite Suspension of Bexplus Project", Bexplus
- "Bexplus Exchange Announces $5,000 Giveaway for New Users", press release
- "Corretora brasileira de criptomoedas fecha e dá 24 horas para clientes sacarem fundos", Livecoins (in Portuguese)