Weekly Report (12 – 18 Sep. 22) | What Happened This Week In Crypto

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

1) Binance Collaborates With A Ukrainian Grocery Chain To Enable Pay Wallet To Take Crypto

Customers that pay for their orders using the Binance Pay Wallet will be eligible for a rewards program. Binance said on Friday that it has collaborated with the Ukrainian supermarket chain VARUS, and that its Binance Pay Wallet will now accept cryptocurrency payments for food purchases…[continue reading]

2) U.S. Lawmaker Criticizes The SEC For Withholding The Crypto Framework

In a September 15 interview with Bloomberg Markets and Finance, the senator criticized SEC chairman Gary Gensler for failing to recognize that cryptocurrencies are distinct from conventional financial instruments such as equities and bonds…[continue reading]

3) China’s Supreme Court Rules Crypto Can Be Traded Despite Ban On Digital Currencies

A court in China has declared that bitcoin is a tradable asset so long as it is not used as cash. The latest judgement by Beijing’s Number One Intermediate People’s Court maintained Chinese prohibitions barring virtual currencies, but concluded that Litecoin (LTC) does not fulfil currency criteria…[continue reading]

4) Merge Will Lower Global Energy Use By 0.2%, According To The Inventor Of Ethereum

As promised by its co-founder Vitalik Buterin and the non-profit Ethereum Foundation, the Ethereum (ETH) ecosystem is projected to become much more environmentally friendly after the completion of the major software update…[continue reading]

5) Ethereum Faces Censorship Following The Merge

Numerous Ethereum stakeholders have taken measures to comply with the fines as a result of the significant ripple implications of this decision. Circle, dYdX, GitHub, Infura, Oasis, and Alchemy all blocked access to their goods and services for sanctioned IP addresses and linked addresses…[continue reading]