Crypto Exchange Bittrex Gets Fined a Huge $53 Million For Violating Sanctions
It has been reported that Bittrex violated a number of sanctions and that it failed to properly guard against money laundering according to the Treasury Department.
Stablecoins are NOT Stable say Central Bankers of The G20
The Financial Stability Board is a group of central bankers and financial regulators representing all G20 countries. It warned that stablecoins don’t exist.
Crypto Market Takes an $11B Hit With Dogecoin and SHIB Posting Major Losses
Dogecoin, SHIB, and the crypto market lost another $11 billion. The meme coins suffered significant losses overnight.
Polygon Has Launched its Ethereum Scaling Solution
Today, Polygon announced that it will launch its testnet to test a new Ethereum scaling system. Polygon bought Hermez last year for $250million. On its testnet, DeFi protocols AAVE and Uniswap will be launched.
The Huobi Token (HT) Rockets After News of Fresh Capital
Huobi’s native token rose to new heights as a result of fresh capital infusions and the appointment of a new advisory board, after a majority share holder sold up following the initial public offering made by the founder.
Report Shows There Are 1,500 Companies Within The UAE’s Web3 ecosystem
According to a new study, 65% of 1,450 Web3 companies are using native blockchain technology, while 35% are using non-native technology, according to the study.
PayPal’s New Crypto Policy is a Good Thing for the Crypto Community
After it was criticized by its users and other major stakeholders including Elon Musk, PayPal had to reverse the decision. Twitter’s crypto community argued that PayPal’s misinformation policy, which was canceled by the company, could encourage more people to adopt crypto.
A Record Amount of Brazilian Companies Announce Bitcoin Holdings
Brazil’s tax authorities released August figures that revealed that over 12,000 companies had cryptocurrency holdings. This is the highest amount of any month.
The Next Big Web3 Asset Firm… Arch Raises $5 Million For its DeFi Venture
In a seed round co-led by SoftBank spinoff Upload Ventures and Digital Currency Group spinoff Upload Capitals, Arch, a DeFi startup, closed an oversubscribed round.
Report Shows Meta Employees Don’t Use Zuckerberg’s Metaverse App
Because of persistent bugs that have plagued Horizon Worlds, Meta’s virtual reality platform for the metaverse, the company has put Horizon Worlds in a “quality lockdown” until the end of the year.
