Weekly Report (11– 18 Sep. 23) | What Happened This Week In Crypto

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

1) BlackRock Will Not Make A Switch To XRP From Bitcoin

BlackRock is the biggest asset manager in the world, with an amazing $9 trillion in assets under management, and there was a report on the X social media platform that the company was considering changing its digital currency strategy from Bitcoin to XRP…[continue reading]

2) Binance.U.S. Has Been Accused Of Not Helping With An SEC Probe

Binance.US is under scrutiny from the SEC’s answer to the inquiry, alleging, and a lack of cooperation in producing requested documents. U.S. regulators at the SEC are concerned that cryptocurrency exchange Binance.US is not helping them with their probe. On September 14th, the parties involved stated their charges in a court document…[continue reading]

3) Facebook’s Mark Zuckerberg Calls For Government Involvement In AI To Promote Innovation And Safety

World leaders in technology gathered on Capitol Hill to debate AI regulation. Mark Zuckerberg, CEO of Meta, thinks lawmakers should work on AI to promote innovation and ensure consumer safety. Tech titans from all over the world converged on Capitol Hill Wednesday to make some major AI regulation calls. Reports indicate an “overwhelming consensus” in favor of regulating artificial intelligence…[continue reading]

4) Visa Applauds Solana’s Fast Transfers And Low Fees

Visa’s recent investigation of Solana provides insights into its capabilities and why it may be a game-changer in the payments sector, highlighting the potential of blockchain networks to revolutionize payment systems. In light of Visa’s recent investigation into Solana for its stablecoin pilot, the development takes on further intrigue…[continue reading]

5) Shibarium Number Of Transactions Has Surpassed 2 Million

Shibarium continues to set new records for highest ever levels, which indicates that the current upward trend will continue for the foreseeable future. The number of transactions on this Layer-2 blockchain has reached a new all-time high (ATH) in a very short period of time after its restart…[continue reading]

6) Brian Shroder Resigns As CEO Of Binance US

Binance.US CEO Brian Shroder has reportedly departed the firm, and Chief Legal Officer Norman Reed has been appointed to take up his responsibilities in an interim capacity, as stated by a spokeswoman for the company…[continue reading]

7) CBDCs That Settle On A Central Bank’s Balance Sheet Are Being Tested In Hong Kong And Israel With The Help Of The BIS

To combat the privacy issues that have been raised in relation to central bank digital currencies (CBDCs), the Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have joined forces. According to a report entitled “Project Sela – An Accessible and Secure Retail CBDC Ecosystem” published by the two central banks and the Bank of International Settlements Innovation Hub (BISIH) Hong Kong Centre, this is the case…[continue reading]