The biggest news in the cryptoverse on Sept. 14 included Binance CEO Changpeng Zhao’s comments on the MiCA framework, and SEC Chairman Gary Gensler reiterating his stance that most cryptos are securities. and Bitcoin wallet blocks associated with Iranian cybercriminal groups.
CryptoSlate Top Stories
Binance’s CZ Says Europe’s MiCA Framework Could Become Global Crypto Regulatory Standard
Binance CEO Changpeng Zhao, speaking at the Binance Blockchain Week on September 14th, said that the EU’s proposed regulatory framework, Market in Crypto Assets (MiCA), is “brilliant” and that crypto regulation said that it could become a global standard for
The framework proposed by MiCA would require cryptocurrency companies to apply for the same license across the European Union. It also limits access to dollar-backed stablecoins, which Zhao said is the only thing that could change.
SEC Chairman Gensler Reiterates “Most Cryptos Are Securities” Before U.S. Banking Commission
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said on Sept. 15 that cryptocurrency intermediaries, like centralized and decentralized exchanges, must register with the SEC.
He said:
“Companies operating in other well-regulated markets that wish to enter the crypto market must do so in compliance with proven investor protection rules, while existing crypto security intermediaries are You must do so in compliance with the Home Protection Regulations, as well.”
In his testimony before the U.S. Senate Banking Committee, Gensler reiterated his belief that most crypto assets are securities.
US Treasury Blacklists Bitcoin Addresses Linked to Iranian Ransomware Group
The US Treasury has detected seven Bitcoin wallets linked to members of Iran’s Islamic Revolutionary Guard Corps (IRGC). The IRGC has launched ransomware attacks against the US since 2020.
Wallet addresses were quickly blacklisted and rewards of up to $10 million were offered for information leading to the arrest of the owners of these wallets.
LUNA sank by 20% after South Korea issued arrest warrant for Do Kwon
South Korea has issued an arrest warrant valid for one year for Terra Luna founder Dokwon. Luna went down 20% as soon as the arrest warrant came out.
#PeckShieldAlert $ Luna -20% reduced https://t.co/rlzA0Miahb pic.twitter.com/z398HMOBgz
— PeckShieldAlert (@PeckShieldAlert) September 14, 2022
Tokens have increased by 80% in the last 7 days. however, crypto slate As the data shows, it has decreased by 21.4% in the last 24 hours.
Dutch Police Track Transactions On Blockchain, Arrest Bitcoin Thief Suspect
On September 6, a 39-year-old man was arrested in the Netherlands on suspicion of stealing tens of millions of dollars worth of Bitcoin. Although he was only in custody for two days by Dutch authorities, an investigation revealed new information proving that the man was indeed guilty.
A 39-year-old thief was found to have laundered stolen Bitcoins through an Electrum wallet. He then used cryptocurrency exchange Bisq to convert these funds into Monero (XMR).
New York museum plans to buy NFTs from art auction proceeds
The Museum of Modern Art (MoMA) in New York is about to purchase an NFT from the William S. Paley Foundation auction. wall street journalThe auction will showcase approximately $70 million worth of art and NFTs.
The foundation manages William Paley’s estate, and the auction includes 81 of his works in the museum, including Pablo Picasso’s Guitar on a Table and Francis Bacon’s Three Studies for a Portrait of Henrietta Moraes. Includes 29 of the point works.
research highlights
Research: Bitcoin may be regaining dominance over altcoins
Bitcoin has lost market dominance over Ethereum and all its altcoins, but altcoin cycle signals show that Bitcoin may be beginning to dominate Ethereum altcoins.
Altcoin Cycle Signals are indicators that determine the strength of the altcoin market and are ranked among 100. A drop below 50 indicates that Bitcoin is dominating the altcoins. Above 50 indicates that the altcoin season is approaching.
Altcoin signals are currently at 79, indicating that the market is in season for altcoins. However, the signal dropped significantly from July to August, which could be a sign of Bitcoin’s dominance ahead.
News around Cryptoverse
Not investing in cryptocurrencies is a future career risk
Henrik Andersson, CIO of Apollo Capital, said there will come a time when not investing in cryptocurrencies becomes a “career risk.” cointelegraph.
Anderson said that while crypto adoption is still in its early stages, it is slowly recovering.
Launch of EDX Market backed by financial giant
A group of broker-dealers, market makers and venture firms including Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial are backing newly launched cryptocurrency exchange EDX Markets (EDXM) .
EDXM claims to offer secure and compliant crypto trading through trusted intermediaries.
crypto market
Bitcoin is down 2.06% and is trading at $19,845. Ethereum also fell 0.66%, trading at $1,582.
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