Weekly Report (22 – 28 August 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) CoinSwitch Kuber Is “Completely Working” With India’s Enforcement Directorate, According To The CEO

Ashish Singhal, co-founder and CEO of CoinSwitch Kuber, tweeted on Saturday that his company is cooperating with India’s Enforcement Directorate and that last week’s reported searches had nothing to do with money laundering…[continue reading]

2) Taiwan Will Establish A Digital Ministry And Use Web 3.0 To Combat Chinese Cyberattacks

In the midst of growing tensions between China and Taiwan, Taiwan’s Ministry of Digital Affairs will formally start on August 27, with information security and Web 3.0 technologies as its primary priority areas to guard against Chinese assaults…[continue reading]

3) The Ethereum Merge Is Scheduled For September

More details on the transition to Proof-of-Stake have been made public by the Ethereum Foundation. The anticipated event often referred to as “The Merge,” is planned for the month of September. Recent updates issued by the Ethereum Foundation show that the transition to Proof-of-Stake is progressing successfully…[continue reading]

4) Mastercard CEO Says Company Is Working With Binance To Enable Crypto Payments

Mastercard’s chief executive officer has announced that the credit card company is collaborating with digital asset exchange Binance to increase crypto payments for ordinary transactions. CEO Michael Miebach said that the financial services business is collaborating with the world’s biggest crypto exchange by volume to allow Mastercard-accepting retailers to accept the digital currency…[continue reading]

5) Afghanistan Closes Sixteen Crypto Exchanges And Arrests Employees

As a result of the Taliban’s takeover of Afghanistan last year, crypto became crucial for some Afghans, but authorities are now cracking down, allegedly shuttering at least 16 crypto exchanges in the country’s western Herat region…[continue reading]

6) The Philippines Central Bank Authorizes Two More Digital Banks

UnionDigital Bank, Inc. (UDB) and GoTyme Bank Corporation (GTC) have both received Certificates of Authority from the Bangko Sentral ng Pilipinas (BSP) to begin operations as digital banks in the Philippines…[continue reading]