Weekly Report (01 – 08 Oct. 23) | What Happened This Week In Crypto

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

1) Binance Will Follow New UK Regulations Despite Previous Withdrawal

On October 6th, Binance announced the introduction of a new subpage to better serve its consumers in the United Kingdom in light of recent regulatory changes in that country. The firm has announced that www.binance.com/en-GB would be available to UK citizens in accordance with the country’s revised Financial Promotion Regime…[continue reading]

2) Yuga Labs Is Getting Ready To Lay Off Employees

Yuga Labs, a leader in the business, collapsed due to the harshness of this winter’s cryptocurrency market. Despite having successful campaign runs this year, the brains behind the flagship NFT project Bored Ape Yacht Club (BAYC) have revealed that they are planning for a layoff round, citing the hard realities of the industry and its challenges with efficiency…[continue reading]

3) Elon Musk Is Testing Game Streaming As He Continues His ‘Everything App’ Drive With X

After Elon Musk experimented with video game streaming on X (previously Twitter), the platform took another step toward becoming a “everything app.” On October 6, Musk went live for 50 minutes to show how he plays Diablo 4, a popular online action role-playing game…[continue reading]

4) CertiK Reports Crypto Ponzi Schemes Dropped By 62% Last Month

According to blockchain security company CertiK, the number of reported crypto exit scams in September was almost half of what it was in August 2023. Compared to the 45 crypto exit scams discovered in August, just 17 were discovered by CertiK Alert in September. The number of reported exit scams dropped by nearly 62% over the previous month…[continue reading]

5) Meta Introduced New AI’s Generative Tools For Advertiser

Meta has released generative AI capabilities including backdrop creation, picture enlargement, and text variety for marketers. Meta is ramping up its efforts to challenge the dominance of Google and OpenAI in the generative AI business…[continue reading]