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⏳ [Crypto Weekly Digest]  #18In today's crypto news roundup, we see the Terra founder arrested, the SEC suing Tron found...
24/03/2023

⏳ [Crypto Weekly Digest] #18

In today's crypto news roundup, we see the Terra founder arrested, the SEC suing Tron founder Justin Sun, Circle applying for a French license, Telegram enabling USDT transactions, and El Salvador's President Nayib Bukele's plan to remove taxes on technology. 🔎 Let’s break into it 👇

1/ Terra Founder Do Kwon Arrested
Do Kwon, founder of Terra, has been arrested in Montenegro on suspicion of identity fraud. Kwon had been charged by the a month ago and is under investigation for the collapse of .

2/ SEC Sues Tron Founder Justin Sun
SEC has sued Tron founder for unregistered securities sale, fraud, and market manipulation, including wash trading to manipulate $TRX's secondary market.

3/ Circle Applies for French License
Circle applied for a license in France to become a licensed e-money provider and register as a Virtual Asset Service Provider.

4/ Telegram Enables USDT Transactions
Telegram users can now send and receive Tether ($USDT) using the bot, allowing for transactions in the largest stablecoin.

5/ El Salvador to Remove Taxes on Technology
El Salvador's President plans to send a bill to Congress eliminating all taxes on technology innovations, including AI development, coding, and hardware manufacturing.

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🔦 [DeFi Protocol Spotlight]  #1Every week, we highlight a DeFi protocol in easy-to-understand language. This week, we're...
21/03/2023

🔦 [DeFi Protocol Spotlight] #1

Every week, we highlight a DeFi protocol in easy-to-understand language. This week, we're showcasing Lido Finance! 👇

1/ What is Lido? 💡

Lido is a service that lets people earn rewards for staking their Ether (ETH) without having to worry about the technical details of staking or locking up their funds...
With Lido, users can earn daily rewards in a form of tokens that represent their staked assets, while maintaining the flexibility to use their assets as needed.

2/ How much money is on Lido? 💰

$8.12 billions, as of 8 march 2023.

⏳ [Crypto Weekly Digest]  #17Top Stories in Crypto: Crypto market sees bank failures, hack, Uniswap expansion and a new ...
17/03/2023

⏳ [Crypto Weekly Digest] #17

Top Stories in Crypto: Crypto market sees bank failures, hack, Uniswap expansion and a new private placement fund launched by Ark Invest amidst market turmoil. 🔎 Let’s break into it 👇

1/ USDC Stablecoin Depegged
Silicon Valley Bank's shutdown affected Circle's USDC, which confirmed to hold $3.3B of USDC reserves in the bank, causing a 13% drop in value and exchange suspensions. USDC has since regained its peg.

2/ Arbitrum Airdrops ARB Token, Transitions to DAO
, Ethereum’s leading layer 2 network, will airdrop its new $ARB token to allow community members to vote on network changes as part of its transition to a DAO.

3/ Euler Finance Suffers $197M DeFi Hack
DeFi lender Finance suffers flash loan exploit worth $197M, attacker drained $DAI, $WBTC, $stETH, and $USDC.

4/ Uniswap Launches on BNB Chain
Decentralized exchange , known for its services on the Ethereum blockchain, has officially launched on the Smart Chain, following a successful vote on the Plasma network's proposal.

5/ ARK Invest Launches New Crypto Fund
Invest launches $16M private placement crypto fund amidst market turmoil. Ark CEO’s Cathie Wood is bullish on crypto despite bank failures and regulatory uncertainty.

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⏳ [Crypto Weekly Digest]  #16Breaking crypto news: KuCoin faces lawsuit, Silvergate bank shuts down, TeraWulf's nuclear-...
10/03/2023

⏳ [Crypto Weekly Digest] #16

Breaking crypto news: KuCoin faces lawsuit, Silvergate bank shuts down, TeraWulf's nuclear-powered mining facility, Kraken plans bank launch, Gate.io to launch Visa crypto debit card. 🔎Let’s break into it 👇

1/ KuCoin sued by NYAG ⚖️
New York Attorney General sues , claiming it failed to register as a securities and commodities broker-dealer and falsely represented itself as an exchange.

2/ Silvergate Shut Down Operations and Bank ❌
Capital plans to liquidate the bank after a tumultuous period, which was caused by its exposure to FTX. FTX has lost $8.1 billion in customer deposits.

3/ 100% Nuclear-Powered Bitcoin Mining in Pennsylvania ⚡️
has launched a 100% nuclear-powered Bitcoin mining facility in Pennsylvania, US, with a hash rate capacity of 1.0 EH/s, sourcing energy from a nuclear generation station.

4/ Kraken Plans to Launch Own Bank 🏦
Kraken's Chief Legal Officer, Marco Santori, stated that the cryptocurrency exchange plans to launch its own to support struggling crypto firms.

5/ Gate.io to Launch Visa Crypto Debit Card in Europe 💳
Gate.io will launch a crypto debit in Europe allowing users to spend crypto at 80M merchant locations globally. Visa reaffirmed its commitment to serving as a bridge between crypto and merchants.

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⏳ [Crypto Weekly Digest]  #15Top Stories in Crypto: Crypto Bank Silvergate faces client exodus, FTX admits to $8.9B miss...
03/03/2023

⏳ [Crypto Weekly Digest] #15

Top Stories in Crypto: Crypto Bank Silvergate faces client exodus, FTX admits to $8.9B missing customer funds, HSBC bans crypto credit card purchases, French enhanced crypto registration voted, Coinbase lists $EUROC stablecoin! 🔎 Let’s break into it 👇

1/ Crypto Bank Silvergate Sees Client Exodus 🏃‍♂️
Silvergate Bank has lost major cryptocurrency clients after they halted transfers via its payment platform, causing a significant drop in the bank's share value. The bank is reviewing its ability to remain in business after investigations into its relationship with FTX and Alameda Research.

2/ FTX Acknowledges $8.9 Billion in Missing Customer Funds ⚖️
Crypto exchange FTX has confirmed $8.9 billion of customer funds are missing, mainly due to borrowing by Alameda Research. FTX has tracked down $2.7 billion.

3/ HSBC Bans Crypto Credit Card Purchases ❌
HSBC and Nationwide, two UK banks, have banned customers from buying cryptocurrency with credit cards due to regulatory concerns. Nationwide has also imposed a £5,000 daily limit on cryptocurrency purchases with debit cards.

4/ French Enhanced Crypto Registration Voted 🇫🇷
The French National Assembly has approved stricter conditions for crypto market entry. Companies must comply with governance rules, cybersecurity measures and conflict of interest policies to obtain the DASP (PSAN) status. The new law could go into effect in July 2023.

5/ Coinbase Lists $EUROC Stablecoin 💶
Coinbase has listed the Euro-backed stablecoin, $EUROC, issued by Circle, on its exchange. The asset meets Coinbase's standards for legal, compliance and technical security.

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Happy to share that we've been selected in   Top 100 🏆200+ investors are selecting the 10 finalists to pitch on  Investo...
01/03/2023

Happy to share that we've been selected in Top 100 🏆

200+ investors are selecting the 10 finalists to pitch on Investors Day, and win over $2M in prizes, funding, grants, and more!💰
https://invt.io/1ixb4e4k4bc

⏳ [Crypto Weekly Digest]  #14Top Stories in Crypto: Coinbase Launches "Base", Hong Kong Approves Retail Crypto Trading, ...
24/02/2023

⏳ [Crypto Weekly Digest] #14

Top Stories in Crypto: Coinbase Launches "Base", Hong Kong Approves Retail Crypto Trading, Polygon Labs Lays Off 20% of Staff, and More! 🔎Let’s break into it 👇

1/ Coinbase's New Ethereum layer-2 Network : Base 🔵
has launched its own Ethereum layer-2 network called to support its on-chain products and create an open ecosystem for decentralized apps. Base is powered by . Coinbase aims to launch the mainnet in the coming months.

2/ Hong Kong to Allow Retail Crypto Trading 🇭🇰
Hong Kong’s Securities and Futures Commission plans to allow retail investors to trade cryptocurrencies like Bitcoin and Ethereum on licensed exchanges, with investor protection in mind. The consultation period will end on 31/03, with the new licensing regime set to take effect on 01/06.

3/ Ingenico & Binance Partner for Crypto Payments in France 🇫🇷
partners with to enable in-store cryptocurrency payments in France via AXIUM payment terminals. The solution accepts over 50 cryptocurrencies and aims to make crypto payments more accessible for consumers and merchants.

4/ Polygon Labs Lays off 20% of its Staff 🌪
Labs laid off 20% of its workforce, affecting 100 positions, citing consolidation of multiple businesses under the company as the reason for the decision.

5/ FTX Founder SBF Hit with 4 More Criminal Charges ⚖️
founder Sam Bankman-Fried is facing four new criminal charges related to fraudulent activity and conspiratorial political donations, adding to the previous eight charges. The total is now 12.

To stay ahead of the curve in the crypto world, like it and follow us ! ⛓️

⏳ [Crypto Weekly Digest]  #13Latest headlines in your weekly digest! 🔎Regulatory Action Affects Stablecoin Issuers, Krak...
17/02/2023

⏳ [Crypto Weekly Digest] #13

Latest headlines in your weekly digest! 🔎Regulatory Action Affects Stablecoin Issuers, Kraken to Pay SEC Fine, and NFT Airdrop Boosts Trading Volume. Stay informed, read now! 💻

1/ Paxos Stops BUSD Minting Amid Regulatory Action ❌
Paxos, the stablecoin issuer, will stop issuing BUSD following regulatory actions from the NYDFS and SEC. is also ending its relationship with Binance for BUSD.

2/ Circle Denies Receiving SEC Enforcement Notice 🙌
USD Coin issuer has denied rumors that it received a “Wells Notice” over its US dollar-pegged stablecoin. The Wells Notice is a formal notice sent by the SEC informing the recipient that the agency plans to bring enforcement actions against them.

3/ Kraken to Pay $30M SEC Fine ⚖️
Kraken will end US service and pay a $30M fine in SEC settlement for offering unregistered securities. Non-US clients are unaffected.

4/ Polygon to Launch zkEVM Mainnet Beta ⛓️
Polygon is launching mainnet beta, a scaling upgrade for Ethereum that uses zk-rollup scaling technology to validate transaction data. The technology can lead to significant transaction cost savings.

5/ NFT Marketplace's Airdrop Boosts Trading Volume 💸
The NFT marketplace Blur's token, $BLUR, gained over $500 million in trading volume after an airdrop to platform users, with prices reaching up to $5 before falling 85% on Wednesday.

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⏳ [Crypto Weekly Digest]  #12Latest headlines in your weekly digest! 🔎 This week, dive into ETH, ADA, DOT & XTZ Staking ...
10/02/2023

⏳ [Crypto Weekly Digest] #12

Latest headlines in your weekly digest! 🔎 This week, dive into ETH, ADA, DOT & XTZ Staking with Revolut, Tether Reports $700M Profits, Visa Tests Stablecoin Payments, Hermès Wins NFT Trademark Case, Craig Wright's Bitcoin Copyright Claim Rejected. Stay informed, read now! 💻

1/ Revolut Adds Staking for ETH, ADA, DOT & XTZ ⚡️
UK's Revolut now offers staking for ETH, ADA, DOT & XTZ, with potential returns up to 11.65%. Service only available in the UK and select EEA markets.

2/ Tether Reports $700M in Profits in Q4 2022 💸
Despite processing $21B in redemptions, Tether still generates $700M in profits in Q4 22. With exposure to US Treasury Bills, Tether has proven stability and resilience in bear markets.

3/ Visa Tests Stablecoin Payments on Ethereum 🔗
Visa tests accepting payments and payouts on Ethereum via stablecoin USDC; working on evaluating blockchains for security, scalability, interoperability, privacy, and use cases.

4/ Hermès Wins Trademark Case Over NFT ⚖️
Hermès wins $133k lawsuit against creator of unauthorized MetaBirkin NFTs, setting a potential precedent for IP protections in the NFT world. Jury ruled NFTs did not have First Amendment protection.

5/ Craig Wright's Bitcoin Copyright Claim Rejected ❌
Self-proclaimed Bitcoin creator, Craig Wright, loses copyright claim in UK court for Bitcoin Cash. The UK judge finds Bitcoin Cash file format protected by copyright, ruling against Wright's claims of intellectual property rights.

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⏳ [Crypto Weekly Digest]  #11Get the latest crypto buzz with our weekly digest! This week's highlights: German DekaBank ...
03/02/2023

⏳ [Crypto Weekly Digest] #11

Get the latest crypto buzz with our weekly digest! This week's highlights: German DekaBank enters crypto race, FTX-Alameda sues Voyager for $446M, MakerDAO launches legal defense fund, Binance & Mastercard team up for crypto card in Brazil, and Bitcoin mining difficulty hits a new record. Stay ahead of the game with us! 💰

1/ German DekaBank Joins Crypto Race 🏦
German banking DekaBank to offer crypto services to clients using Swiss custody tech and asset management operations. "Digital assets are a critical part of the future," says DekaBank's product owner.

2/ FTX-Alameda Suing Voyager for $446M ⚖️
Alameda Research sues Voyager Digital for $446M, alleging responsibility for FTX's collapse and insufficient due diligence before lending. Seeks $445.8M in damages and compensation, including legal costs.

3/ MakerDAO launches legal defense fund 🛡️
MakerDAO has established a $5M legal defense fund for its community members, managed by an external technical committee and a controlling committee. The defense fund provides coverage for active MKR holders, Recognized Delegates, and more.

4/ Binance & Mastercard to Launch Crypto Card in Brazil 🇧🇷
The Binance card, issued by Dock, allows exchange users to pay bills and make purchases with crypto in over 90 million Mastercard locations. Real-time conversion of crypto to fiat and 8% cash back in crypto are available.

5/ Bitcoin Mining Difficulty Soars to New Record 📈
Bitcoin's mining difficulty has hit a new all-time high of 39.35 trillion, up 4.68% from 37.59 trillion on Sunday. Despite the increase in difficulty, Bitcoin's price has fallen 39.3% from $38,232 to $23,211. The current hash rate sits at 305.81 EH/s, below its all-time high of 348.7 EH/s.

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