This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Southeast Asia scammers seize more than $6 million in cryptocurrency
Over $6 million in crypto from Southeast Asian fraudsters targeting U.S. investors was seized by authorities. The U.S. Attorney’s Office for the District of Columbia reported on September 26 that a significant number of individuals were falsely led to believe that they were investing in legitimate crypto enterprises…[continue reading]
2) Former Binance CEO CZ Speaks After Prison Release
Changpeng Zhao, the CEO of Binance, has released his initial extensive post since his release from prison. CZ, whose personal net worth is an estimated $61 billion, considers it a “luxury” to consume one slice of fruit per day…[continue reading]
3) Ethereum based Tornado Cash creator will face money laundering trial
Tornado Cash is a cryptocurrency aggregator that operates on the Ethereum blockchain. Roman Storm, Tornado Cash’s co-founder, is currently facing three allegations from the US Department of Justice (DoJ). Each charge carries a maximum prison term of 20 years, and a conspiracy charge carries a maximum prison term of five years…[continue reading]
4) MiCA threatens to relocate cryptocurrency firms to the Middle East
A widespread crypto exodus to the Middle East could be a threat as a result of the impending regulatory framework, which offers more favorable regulations. The forthcoming cryptocurrency regulatory framework in Europe has the potential to decrease the number of Web3 firms in the region and introduce new centralization-related concerns…[continue reading]
5) The SEC has officially approved BNY Mellon’s crypto custody plan
These services might possibly embrace a wider variety of digital assets than simply Bitcoin and Ethereum exchange-traded funds (ETFs). The effort of Bank of New York Mellon Corp. (BNY Mellon) to offer custody services for digital assets has been approved by the Securities and Exchange Commission (SEC) of the United States of America…[continue reading]
6) Visa’s New Tokenized Asset Platform Helps Banks Issue Ethereum Fiat-Backed Tokens
This new platform from Visa will make it possible to create tokens that are backed by fiat currency and are driven by smart contracts. Visa (V), a global leader in payments, has created a new solution that will assist financial institutions in issuing tokens backed by fiat currency on the Ethereum network…[continue reading]
7) Mark Cuban anticipates that Kamala Harris will terminate Gary Gensler if she is elected
A billionaire named Mark Cuban has said that the campaign team of Vice President Kamala Harris is against “regulation by litigation,” implying that, should Harris become president, US Securities and Exchange Commission (SEC) Chairman Gary Gensler may be out of a job…[continue reading]
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