CRYPTO REGULATION HEAT: THE WEEK REVIEW
Binance Continues to feel the impact of regulatory actions against them, as Apple comes up with their brand new offering. We take a look at these and more news from this week.
Binance.Us Ceo Brian Shroder Resigns as Embattled Exchange Cuts Third of Staff
Binance.US has reduced its staff by approximately a third, equating to 100 positions. Additionally, the company’s president and CEO, Brian Shroder, has left the firm.
A Binance.US spokesperson confirmed layoffs and Shroder’s exit, stating the moves provide “over seven years of financial runway” as it transitions to a crypto-only exchange.
Apple Unveils Iphone 15
Apple has released its newest iteration of it’s most used product, the iPhone 15 Pro and iPhone 15 Pro Max.
The new iPhone 15 is built with an unusual USB-C charging port and will be available for pre-orders for $1,199, Making it the most expensive iPhone ever made
Bitcoin’s Clean Energy Usage Surpasses 50%
🌴 Bitcoin’s clean energy usage has reached a significant milestone, surpassing 50% according to recent reports. With this news, there is renewed optimism that Elon musk’s Tesla may resume acceptance of Payments in bitcoin soon.
Musk had hinted in 2021, that the company may reconsider it’s decision to stop Bitcoin payment once the energy output of Bitcoin mining activities reaches a considerable environmental friendly threshold.
Binance Donates Millions in BNB to Moroccan and Libya Natural Disaster Victims
Following the recent earthquake that struck Morocco, Binance Charity, the charitable division of the global cryptocurrency exchange Binance, allocated up to $3 million in its native Binance Coin (BNB) tokens to those severely impacted by the disaster.
Similarly,, After the catastrophic floods that plunged Libya into chaos, Binance pledged to distribute Binance Coin (BNB) tokens, with a total value of up to $500,000, to users residing in Libya.
Soulja Boy and Austin Mahone lose Market Manipulation case to SEC
American Rapper, Soulja Boy and Singer, Austin Mahone, has lost a crypto market manipulation lawsuit against the SEC.
The Lawsuits alleged that the US superstars had accepted and failed to reveal a huge sum for promoting Justin Sun’s Tron. Both musicians have been fined hefty sums while Sun is yet to answer to his own suit.
In the final Judgment, Mahone was ordered to pay $45,724 to the SEC while Soulja Boy was given a default judgement after failing to respond to the suit.
Rep. Tom Emmer Re-introduces anti-CBDC bill to Congress
Representative Tom Emmer has reintroduced legislation to prevent unelected bureaucrats in Washington from issuing a central bank digital currency CBDC.
On Sep. 12, Emmer and 49 co-sponsors revived the CBDC Anti-Surveillance State Act in the U.S. House of Representatives, aiming to safeguard Americans’ financial privacy rights.
Huobi Rebrands to HTX in Celebration of 10th Anniversary
Popular Crypto Exchange, Huobi has celebrated its tenth anniversary with a rebranding to of it’s name toHTX. The new name not only pays tribute to its roots (‘H’ for Huobi) but also highlights its dedication to TRON (‘T’).
‘X’ represents the exchange itself, and it carries a special meaning as the Roman numeral for ten, signifying a decade of excellence.
Fashion Brand Diesel Joins DressX to Launch Metaverse Fashion Brand
Mega Fashion brand, Diesel has Partnered with Metaverse fashion house, DressX to Power an exclusive Fashion collection on the Meta Avatars Store.
Diesel’s collection is set to include 10 iconic Diesel outfits that echo the brand’s in-store fashion options. The Fashion collection will feature luxury brands from Thom Browne, Balenciaga and Prada.
