Weekly Report (29 Jan. – 04 Feb. 24) | What Happened This Week In Crypto
This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Bitcoin Proponent Robert Kiyosaki Warns Of Impending Stock Market Crash
Rob Kiyosaki delivers a stern warning about the imminent stock market disaster. Cryptocurrency proponent and best-selling author Robert Kiyosaki has delivered a stern warning about the future of conventional financial systems, especially the stock market in the United States…[continue reading]
2) UAE And China Break New Ground With A $13 Million CBDC Deal
A cross-border transaction between the United Arab Emirates and China has just occurred, marking a major milestone in the world of digital currency and posing a serious threat to the dollar’s long-established dominance in Asia…[continue reading]
3) Zipmex To Discontinue Trading And Brokerage Of Digital Assets Per Thai Regulator’s Order
There is a 15-day window for Zipmex to fix its finances and put safeguards in place to avoid misappropriation of client money. The Thai Securities and Exchange Commission (SEC) has given the cryptocurrency exchange Zipmex instructions to stop trading and brokerage of digital assets…[continue reading]
4) Coinbase Announces The Appointment Of George Osborne As Advisor
Osborne follows in the footsteps of his immediate successor, Philip Hammond, and two previous chancellors of the United Kingdom who have joined cryptocurrency firms. George Osborne, a former British chancellor, is now a member of the advisory board for cryptocurrency exchange Coinbase (COIN)…[continue reading]
5) Argentina’s New Economic Change Gets Rid Of Crypto Regularization
As part of their ambitious reform package, the new administration of self-proclaimed libertarian Argentine President Javier Milei withdrew the possibility of legitimizing crypto holdings, regardless of whether they were late on tax disclosures…[continue reading]
6) The US Securities And Exchange Commission Recognizes Error And Drops Case Against DEBT Box
The US Securities and Exchange Commission (SEC) has decided not to pursue sanctions from a court and has thus discontinued its action against DEBT Box. The difficulty the SEC has had handling cryptocurrency matters, particularly during Chair Gary Gensler’s tenure, is shown by this ruling…[ccontinue reading]
7) The German Police Have Seized Bitcoin Worth $2.1 Billion Through A Piracy Operation
According to a statement released by the German police, they have made a preliminary seizure of 50,000 bitcoins (BTC) with a value of $2.17 billion. They have described this move as the greatest cryptocurrency seizure this country has ever made…[continue reading]