Weekly Report (20-26 September 2021) | What Happened This Week In Crypto

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

1. Robert Kiyosaki Now Invests In Ethereum

Robert Kiyosaki, the founder of Rich Global LLC and Rich Dad Company, recently urged his followers to buy in Ethereum ahead of what he described as the “largest crash in history.” Thus, the author of the best-selling book Rich Dad Poor Dad added ETH to his list of preferred financial products, which already included bitcoin, gold, and silver…[continue reading]

2. Huobi Suspends Services For Chinese Users Following The Crypto Ban

Huobi Global, China’s largest cryptocurrency exchange, became the first cryptocurrency platform to announce the discontinuation of services in the country. The announcement follows China’s most recent call for a crypto crackdown. The popular cryptocurrency exchange is no longer accepting new registrations with mainland China’s mobile phone numbers. However, fresh registrations for Hong Kong users are still allowed…[continue reading]

3. China’s Largest Ethereum Mining Pool Discontinues Operations

The world’s largest Ethereum mining pool has announced that it will cease providing services to mainland Chinese miners. Hangzhou-based Sparkpool stated in a Friday notice that it will provide additional details about the suspension. Simultaneously, Sparkpool stated that the decision is in response to China’s most recent regulatory policy…[continue reaidng]

4. The UAE’s Regulators Allowed Cryptocurrency Trading In The Dubai

Dubai’s authorities continue to promote bitcoin usage by pursuing additional regulatory permits. The United Arab Emirates’ financial regulators have achieved an agreement to legally permit and support cryptocurrency trading in a Dubai economic-free zone…[continue reading]

5. Bitcoin.Org Website Compromised By Hackers Promoting A Giveaway Scam

Bitcoin.org a well-known website, was hacked and a giveaway fraud was posted on it. Numerous individuals and organizations alerted authorities to the attack, claiming they were met with a pop-up message promising bitcoins. The website is currently down, most likely undergoing maintenance while the team determines the source of the attack…[continue reading]

6. Biden To Select A Law Professor To Lead The OCC

Omarova has claimed that she wishes to “end banking as we know it,” but fears that major financial organizations can misuse the cryptocurrency market in ways that are invisible to regulators. According to reports, the Biden administration intends to nominate Kazakhstani-American attorney, academic, and former policy adviser Saule Omarova to lead the Office of the Comptroller of the Currency which regulates the United States’ banking sector…[continue reading]

7. AMC Entertainment May Accept Dogecoin As Payment

The CEO of AMC Entertainment has polled the audience on whether the company should embrace Dogecoin for payment Following the news that AMC will begin accepting Bitcoin, Ethereum, Bitcoin Cash, and Litecoin for online payment, the company’s CEO has asked the Dogecoin community whether the meme coin should be added to the cryptocurrency options…[continue reading]

8 The Indian Finance Minister Issues A Warning To Regulators Over Crypto

Nirmala Sitharaman, the finance minister, claimed that the government’s extra cautious approach to crypto could be a hazardous move that could stifle “a futuristic thing.”  She emphasized that the government is conducting extensive consultations on the topic of cryptocurrencies in India and is also taking the Reserve Bank of India’s perspective into account…[continue reading]

9. Vee Finance Defrauded Of $35 Million On Avalanche

While details are scarce at the present, the Vee Finance team tweeted on Sept 20 that the process had been abused. Vee Finance has suffered a loss of 8.8k ETH and 214 BTC. “It is possible that our platform has been abused. All services have been brought to a halt. We are currently investigating the cause; please follow our official social media accounts for the most up-to-date information…[continue reading]

10. Binance Is Being Investigated By The US Government

Binance, the world’s largest cryptocurrency exchange by trading volume, is apparently presently under investigation by the United States Commodity Futures Trading Commission for possible insider trading and market manipulation (CFTC)…[continue reading]