Weekly Report (16 – 22 Sept. 24) | What Happened This Week In Crypto

This report will provide some essential and quick news about the cryptocurrencies happening worldwide.

1) A US judge has ordered a guilty fraudster to pay $36,000,000 for fraud related to cryptocurrency and forex schemes

According to the U.S. Commodity Futures Trading Commission (CFTC), William Koo Ichioka, a resident of New York, initiated his scheme in 2018 and defrauded over 100 victims of tens of millions of dollars in investment funds by making false claims that he could guarantee a 10% return every 30 business days…[continue reading]

2) Elon Musk recognizes Argentina and El Salvador success

Elon Musk, one of the wealthiest individual in the world, has expressed his admiration for El Salvador and Argentina. It is impossible to make the same assertion regarding the United States. Musk has been transparent about his loyalties ever since the initial attempt to assassinate Donald Trump…[continue reading]

3) Nasdaq now offers BlackRock’s iShares Bitcoin Options

The United States Securities and Exchange Commission (SEC) has taken a significant step by approving the listing of the awaited BlackRock spot Bitcoin Exchange Traded Fund (ETF) iShares Bitcoin Trust (IBIT) options on Nasdaq…[continue reading]

4) BlackRock emphasizes Bitcoin as a hedge against concerns regarding the U.S. dollar

BlackRock, the world’s largest asset manager, has emphasized the potential of Bitcoin as a hedge against the increasing concerns regarding the U.S. dollar and federal deficits. Samara Cohen, Chief Investment Officer of ETF and Index Investments, and Robert Mitchnick, Head of Digital Assets, are among the top executives who contributed to the report. It explores the distinctive characteristics of Bitcoin that render it an appealing asset during uncertain periods…[continue reading]

5) CertiK Ventures has disclosed a $45 million investment strategy to enhance Web3

CertiK’s venture subsidiary is undertaking a new multi-million-dollar investment to encourage the adoption of Web3 in new industry initiatives. An announcement shared with Cointelegraph indicates that CertiK Ventures initiated a $45 million investment plan on Sept. 19 to facilitate the advancement of high-potential Web3 projects. The objective of the strategy is to expedite the integration and security of the Web3 ecosystem…[continue reading]