Weekly Crypto Digest – 13th to 19th of September
Cardano launched smart contracts successfully The US Congress still wants to extend the crypto taxation Three networks in one day suffered from technical issues Coinbase wants to enable crypto futures trading OpenSea employee was fired due to insider trading Solana lost 10% of its value
Solana Dropped 10% Because of the Long-Lasting Network Error
On September 9th, Solana reached its all-time high, and this Friday it came crashing 10% down due to the long-lasting error that occured in the network. The capacity of the network reached its peak of 400K transactions per second. It
The CFTC Is Going to Check Binance’s Compliance With the Commodities Laws
The Commodity Futures Trading Commission suspects Binance of insider trading and manipulating the market. Bloomberg says the Commission is going to examine Binance to figure it out. The Commission suspects that Binance has been fulfilling their own deals before their clients’
Blogger Traded Tesla Roadster for NFT
The creator of the What’s Inside YouTube channel with 7 million subscribers, Dan Markham, traded his Tesla Roadster for one NFT “positive porcupine”. NFT was created by the VeeFriends project and was owned by artist and writer Eli Burton, who wrote
US Treasury is Concerned About the Impact of Stablecoins on the Economy
The US Treasury Department is preparing a document that highlights the problems of redeeming stablecoins and their possible impact on the country's financial stability. According to Bloomberg, citing anonymous sources, US Treasury officials are preparing some policy recommendations for stablecoins. Lawmakers are
South Korea’s New Crypto Tax Code Will Enter Into Force on January 1, 2022
The ruling party plans to postpone the adoption of cryptocurrency tax laws, but the finance minister is unwilling to do so. South Korea's Minister of Strategy and Finance Hon Nam-Ki pledged that the cryptocurrency tax code will enter into force on
An Employee Of OpenSea Was Caught On Insider Trading
OpenSea, an NFT marketplace, recently fired an employee who was caught on insider trading. Such behavior clearly wasn’t in any way compatible with the company's values, so they had to fire him. That’s what they wrote in their blog. OpenSea does
Coinbase Intends to Provide Customers With the Ability to Trade Crypto Futures
US cryptocurrency exchange Coinbase intends to obtain the permission to trade cryptocurrency commodity futures. According to the website of the National Futures Association (NFA), the exchange filed an application on September 15. Coinbase tweeted that in this way, the exchange intends to
Virgil Sigma and VQR Manager Stole $54 Million From Investors
The founder of two cryptocurrency hedge funds, Stefan He Qin, was sentenced to 7.5 years in prison for defrauding investors out of $54 million using the Ponzi scheme. According to a September 15 report by the US Department of Justice, US
The Number of Investors in Cryptocurrencies Over 65 Increased — BTC Markets
Australian cryptocurrency exchange BTC Markets reported that over the past year the number of investors in cryptocurrencies over 65 has increased by 15%. In its annual report to investors, the exchange noted that at the moment baby boomers (people born between