Weekly Report (07 – 13 March 22) | What Happened This Week In Crypto

This Report will provide you with some important and quick news of cryptocurrencies that happened around the world.

1) Mexican Drug Cartels Smuggle In $25 Billion Each Year Via The Use Of Bitcoin To Finance Their Operations

According to law enforcement sources, cryptocurrency is emerging as a new battleground in Latin America’s war on gangs fighting for control of vast illegal markets for sex, drugs, firearms, and people. In Mexico, many of the country’s most powerful drug gangs have been said to be increasingly using bitcoin to fund their illegal operations…[continue reading]

2) The SEC Of The US Disapproves Of Two Bitcoin Spot ETFs ‎

The Securities and Exchange Commission (SEC) of the United States has denied two applications to construct Bitcoin exchange-traded funds (ETFs) based on the spot market. According to SEC filings, the regulator has denied NYSE Arca’s request to amend a regulation allowing for the listing and trading of the NYDIG Bitcoin ETF…[continue reading]

3) Shiba Inu And Dogecoin Now Accepted In AMC Theatres A Week Earlier

Shiba Inu (SHIB) and Dogecoin are now accepted as online payment methods for AMC Theatres tickets. The announcement comes a week ahead of schedule. Earlier this month, CryptoPotato revealed that AMC Theatres, one of the world’s biggest movie theatre chains, would begin accepting the two most popular meme coins for ticket purchases on March 19th…[continue reading]

4) MoonPay’s Activities In Ukraine, Russia, And Belarus Are Halted

On March 10th, the MoonPay team notified all clients that, as a result of recent events in Eastern Europe, they had ceased operations in Ukraine, Russia, and Belarus and would no longer be dealing with customers having physical addresses in those countries….[continue reading]

5) South Korea Has A New President – And He Is A Crypto Supporter

Yoon Suk-Yeol, a conservative presidential candidate, has been formally chosen as South Korea’s next president. Yoon of the People Power Party beat his politically progressive opponent, Lee Jae-Myung, by less than 1%, according to press sources…[continue reading]

6) Binance Reveals Intentions To Conquer The Globe By Acquiring Firms In Every Industry

Binance has tried to diversify its income sources and push crypto usage further in the face of increased regulatory scrutiny by purchasing conventional enterprises in “every economic area.” According to a Financial Times storey, Binance is aiming to broaden its business interests by purchasing firms that are not related to cryptocurrencies…[continue reading]