Weekly Report (20 – 26 March 23) | 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) According To Coinbase The United States Has Created A Void That Other Nations Are Keen To Fill

The SEC sent a Wells notice to Coinbase on March 22, informing the company that SEC staff had recommended the agency initiate enforcement action for “possible violations of securities laws” involving the company’s asset listings, staking services, and Coinbase Wallet…[continue reading]

2) El Salvador’s President Is Preparing A Law To Eliminate Taxes On AI And Technological Advancements

El Salvador’s president, Nayib Bukele, wants to introduce a measure to the country’s Congress the next week that would eliminate all taxes on technological innovation, the development of artificial intelligence (AI), computers, and communications gear production…[continue reading]

3) The Ethereum Foundation Boosts Its Bug Bounty To $500,000 As The Shapella Update Nears

The Ethereum Foundation has upped the maximum bug bounty for the Shapella update to $500,000. In preparation for the forthcoming Shapella update to the Ethereum blockchain, the Ethereum Foundation has increased the maximum bug prize for uncovering associated vulnerabilities to $500,000…[continue reading]

4) DCG’s Luno Subsidiary Appoints A New Chief Executive Officer

Luno, a cryptocurrency platform in London, has announced that its long-serving CEO, Marcus Swanepoel, would step down to become Executive Chairman. James Lanigan, former Chief Operating Officer of the organization, will succeed him…[continue reading]

5) A Texas Legislator Seeks Legislation To Safeguard Bitcoin Miners And HODLers

Numerous crypto and blockchain companies and miners taking advantage of the regulatory-friendly atmosphere are already established in the Lone Star State. Cody Harris, a Texas House of Representatives member, has filed a resolution to have the legislature declare that the “Bitcoin economy is welcome” in Texas…[continue reading]

6) Telegram Now Supports USDT Transfers In Conversations

USDT has been added to the @wallet bot on Telegram, improving the messaging app’s crypto-trading capabilities. Within Telegram conversations, users may transfer tether (USDT), the biggest stablecoin by market capitalization, to one another…[continue reading]

7) Sony’s Most Recent NFT Patent Application Suggests A Web3 Path For PlayStation

No video game console manufacturer has officially embraced NFTs. Still, Sony, the company behind the immensely successful PlayStation brand, continues to make movements in the background, as seen by its most recent NFT-related patent filing…[continue reading]