Weekly Report (27 Nov. – 03 Dec 23) | What Happened This Week In Crypto

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

1) The Lazarus Group’s Third Crypto Mixer Sanctioned By The US Treasury

It seems that the Lazarus Group used a third crypto mixer that the United States listed on the SDN list for the purpose of money laundering. The law enforcement organization claims that Sinbad has been used to conceal cryptocurrency assets stolen in high-profile thefts, totaling millions of dollars…[continue reading]

2) Bitcoin Enthusiast Nayib Bukele Resigns As President Of El Salvador

President Nayib Bukele of El Salvador, who was a staunch supporter of Bitcoin, has unexpectedly resigned. On December 1st, Bukele resigned to concentrate on his re-election campaign for 2024. He was famous for his daring decision to recognize Bitcoin as legal money in the nation…[continue reading]

3) Judge Rules That SEC Attorneys Lied In Order To Seize Cryptocurrency Firm Assets

The court has issued a warrant for an explanation from the SEC on the “false and misleading” material it used to get a temporary restraining order. U.S. Securities and Exchange Commission lawyers are facing questions from a federal court who believes they lied to get a temporary restraining order. The judge has asked the lawyers to clarify their actions…[continue reading]

4) Tether’s Supply Was Raised By 4.5 Billion USDT In November

Additionally, the business informed CryptoSlate that it was developing additional financial products to be introduced the following year. Market anticipation for a spot Bitcoin ETF grew in November, leading to a 4.5 billion dollar rise in the circulating quantity of Tether’s USDT…[continue reading]

5) Cristiano Ronaldo Faces $1 Billion Lawsuit Regarding Binance NFT Promotion

Many of the sports star’s millions of friends, followers, and defenders are said to have been told to trade with the Binance platform. Cristiano Ronaldo, a world-renowned soccer player, is facing a class action lawsuit in Florida that aims to sue him for more than $1 billion in damages stemming from his association with the cryptocurrency exchange Binance…[continu reading]

6) Canadiens Still Defying The Digital Dollar

Adoption is not guaranteed by high CBDC awareness. Most people would rather use physical money than digital money. The Bank of Canada recently held a public consultation on the topic of a central bank digital currency (CBDC), and Canadians showed an unexpected lack of enthusiasm for the idea…[continue reading]

7) Brazil Will Implement A 15% Crypto Tax On Exchanges Abroad Beginning In 2024

On January 1, 2024, the Brazilian Senate passed a law capping cryptocurrency revenue from overseas exchanges at 15%. The Brazilian Senate has approved new income tax rules, which, beginning in 2024, would levy a 15% tax on profits made from cryptocurrency housed on international exchanges…[continue reading]