This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Nova Labs sued by SEC for unregulated crypto securities
The US Securities and Exchange Commission (SEC) has sued Nova Labs, the company behind the open-source Helium Network. This comes just a few days before Gary Gensler, the current chair of the SEC and a well-known critic of crypto, steps down on January 20…[continue reading]
2) President Donald Trump revealed the official meme coin on Solana
Donald Trump will assume the presidency of the United States on January 20. Before assuming office, the Republican expressed his commitment to the crypto industry. He announced the establishment of a strategic Bitcoin reserve, the provision of support for US crypto firms, and the relaxation of mining regulations…[coninue reading]
3) Crypto.com Donates $1 Million to Help With Los Angeles Wildfire Relief
The $1 million pledge is a component of Crypto.com’s overarching dedication to Los Angeles. It maintains robust connections to the city as a result of its partnership with AEG (Anschutz Entertainment Group) and its affiliation with the arena that carries its name…[continue reading]
4) Google Removes the Huione application from the Play Store amid allegations of money laundering
The mobile application of Huione Guarantee, a marketplace that operates on Telegram and is renowned for its utilization by criminal organizations in Southeast Asia, has been removed from the Google Play store due to an increase in platform activity…[continue reading]
5) Upbit risks an anti-money laundering suspension and penalties
Maeil Business Newspaper reported on Jan. 16 that Upbit, the leading cryptocurrency trading platform in South Korea, is at risk of business suspension and penalties as a result of its failure to comply with anti-money laundering (AML) regulations, specifically in relation to its Know Your Customer (KYC) procedures…[continue reading]
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