CRYPTO SUMMARY - 9/7/2023 🔥
🔶Crypto Market- UP 1.12% to 1.05T. Fear and Greed Index at 35
🔶Ryan Salame-Former FTX co-CEO, pleads guilty to all charges. Salame will forfeit $1.5 billion per plea deal
🔶JPMorgan- is developing a token for international payments and settlements. This is a separate project from JPM Coin
🔶Lazarus Group- North Korean hacker group named lead culprit by FBI behind $41M Stake Hack
🔶Binance- to reimburse users $1M USD for Cyber Earn incident
🔶Linus Financial- Fintech firm settles with SEC over crypto lending product. They've agreed to stop offering its retail crypto lending product as part of the settlement
#NowInCrypto
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CRYPTO SUMMARY - 9/7/2023 🔥
🔶Crypto Market- UP 1.12% to 1.05T. Fear and Greed Index at 35
🔶Ryan Salame-Former FTX co-CEO, pleads guilty to all charges. Salame will forfeit $1.5 billion per plea deal
🔶JPMorgan- is developing a token for international payments and settlements. This is a separate project from JPM Coin
🔶Lazarus Group- North Korean hacker group named lead culprit by FBI behind $41M Stake Hack
🔶Binance- to reimburse users $1M USD for Cyber Earn incident
🔶Linus Financial- Fintech firm settles with SEC over crypto lending product. They've agreed to stop offering its retail crypto lending product as part of the settlement
#NowInCrypto
GM Frens!
We had lots of legal crypto news yesterday.
-Alex Mashinsky's bank accounts frozen
-Ark Invest applies for Spot Ethereum ETF
-SBF denied request for release before his trial
-Roman Storm pleaded not guilty to money laundering charges
What does this mean for Crypto?🤔
CRYPTO SUMMARY - 9/6/2023 🔥
🔶Crypto Market- flat 0.01% at 1.04T. Fear and Greed Index at 35
🔶Cathie Wood - and her company Ark Invest 21Shares applies for Spot Ethereum ETF. This would be the first spot Ethereum ETF in the US
🔶 #DOJ - ordered the freezing of Alex Mashinsky's bank accounts. Mashinsky (Former Celsius CEO) is facing seven criminal charges related to fraud and misleading investors
🔶Sam Bankman-Fried's- Request for release before his trial is denied by judge. Trial is set for October
🔶Google- Will now allow crypto-related Ads starting Sept. 15. Advertisers will be able to promote blockchain video games that use NFTs. However gambling-related crypto games and games that offer token staking rewards will be restricted
🔶Roman Storm- Tornado Cash cofounder has pleaded not guilty to charges of conspiracy to commit money laundering. Prosecutors allege that Tornado Cash laundered over $1 billion in criminal proceeds
#NowInCrypto