Weekly Report (23 – 29 Oct. 23) | What Happened This Week In Crypto

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

1) Kraken Unexpectedly Drops Five Coins

Kraken, one of the most well-known cryptocurrency exchanges, has announced that it would temporarily stop processing Canadian transactions involving five cryptocurrencies. Tether (USDT), Dai, Wrapped Bitcoin (WBTC), Wrapped Ether (WETH), and Wrapped Axelar (WAXL) will all be affected by this significant change, which is expected to go into effect by the end of November…[continue reading]

2) Biden Mobilizes Fed Agents To Address Ai Threats

A story by Politico on Friday detailed the impending promulgation of an executive order on artificial intelligence by Vice President Joe Biden, which would be a historic move with the potential to radically alter the current AI environment…[continue reading]

3) Yuga’s Trademark Case Results In $1.6M Fine For BAYC

Digital artist Ryder Ripps was fined $1.6 million for copyright infringement after he used BAYC’s images without permission in a parody collection. This ruling was issued by the Central District Court of California on October 25, 2023…[continue reading]

4) JPMorgan’s Crypto Payment System Processes $1 Billion Daily

The bank is now investigating how it might provide a consumer-friendly digital deposit token. He further said that the coin is traded mostly in USD on a regular basis. The bank’s JPMorgan Coin introduced euro-denominated transactions in June 2023…[continue reading]

5) Mastercard And MoonPay Join Forces To Bring Web3 To Live Events

With the help of cryptocurrency and non-fungible tokens (NFTs) payments software MoonPay, credit card firm Mastercard Inc (NYSE: MA) will investigate how blockchain technology may be used to engage with and nurture consumer loyalty. MoonPay President of Enterprise Keith Grossman and Mastercard Chief Marketing & Communications Officer Raja Rajamanna made the announcement at the Money20/20 conference in Las Vegas…[continue reading]