Weekly Report (27 Dec. 21 – 02 Jan. 22) | What Happened This Week In Crypto

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

1) Israel’s Defense Minister Suppresses Hamas Financing Network

Israel’s Minister of Finance has ordered the seizure of over $800,000 in cryptocurrency suspected of being used to finance Hamas. Hamas has a complex network of money exchanges that enables the importation of products and monies to finance its military activities. Al-Qassam Brigades, Hamas’ military branch, gave instructional films on how to anonymously give cryptocurrency intended for use in violent acts…[continue reading]

2) Indian Taxman Obtains $6.62 Million From WazirX For Commission Tax Evasion

WazirX, an Indian cryptocurrency exchange, has allegedly paid more than $6.6 million (49.2 crore rupees) in penalties for failing to pay Goods and Services Tax (GST) on transaction commissions. The overall recovery amount includes the $5.43 million (40.5 crore rupees) owed in back taxes, interest, and a penalty for non-payment…[continue reading]

3) French Government Agents Target Crypto Influencers

The French government has formed a new task force tasked with identifying and addressing the surge of influencers seeking to monetize their audiences via paid advertising sponsorships from cryptocurrency businesses. The AMF’s representative was keen to emphasise why the watchdog had deployed agents to assist in probing crypto shilling and frauds – and one word summed it up perfectly: influencers…[continue reading]

4) MicroStrategy Has Added 1,914 Bitcoins To Its Holdings

MicroStrategy, an information technology services business, is continuing its policy of adding bitcoin (BTC) to its balance sheet. With just hours remaining in the year, business CEO Michael Saylor revealed another acquisition of the largest cryptocurrency by market capitalization on Twitter. This time, MicroStrategy acquired 1,914 bitcoins for roughly $94.2 million in cash between December 9th and December 29th, at an average price of around $49,229 per bitcoin…[continue reading]

5) Electrical Colossus Schneider Electric Selects VeChain As A Partner In Its Ecosystem

Schneider Electric has chosen VeChain, a blockchain platform focused on supply chain management, as an ecosystem partner. Schneider Electric will harness VeChain’s technology to digitise the economy, VeChain revealed through Twitter. We are happy to announce that #VeChain has been named an official partner of Schneider Electric’s Digital Ecosystem…[continue reading]

6) A Staggering 100 Million Tweets Were Sent In 2021 Discussing The Bitcoin

This is the most attention Bitcoin has ever garnered on Twitter. Bitcoin’s year-long bull run boosted more than just its price. As the world’s biggest cryptocurrency edged closer to its all-time high, the whole world’s gaze seemed to be fixed on Bitcoin. This is particularly clear when evaluating social media postings, which reveal a dramatic rise in the amount of public attention it received this year…[continue reading]