Weekly Top Crypto News (Jan 16 – Jan 22)

Last week we saw a strong boom for the first time in 4 months Bitcoin returned to the $23,000 mark. Here, let’s review this week’s top crypto news with Coincu!

Korbit’s Strengthen Account Monitoring, Report Request From Employees’ Family Accounts

Korbit made the decision to keep an eye on both the employees’ and their families’ accounts in addition to the employees themselves. The company made the voluntary decision to exercise internal control over employee families’ accounts, including those of brothers and sisters. Family members of the company executives and staff will now be required to report their accounts to Korbit.

Solana Surges 65% In the Second Week Of 2023

After plummeting by more than 80% in the previous year, Solana is enjoying a spectacular year in 2023. According to Coinmarketcap, the price of SOL has more than doubled this month, climbing more than 65% to $23.9 in the second week of 2023.

Binance Presents In Top 3 Counterparties Of Bitzlato

The largest cryptocurrency exchange in the world, Binance, was identified as a counterparty in an order against the obscure cryptocurrency exchange, Bitzlato, which was charged by US authorities with laundering $700 million. The authorities emphasized that in addition to Binance, TheFiniko and Russian darknet Hydra were among the major receiving counterparties of Bitzlato. Following the adoption of the eighth round of sanctions by the European Union on Russia, Binance was one of the exchanges that decided to keep on serving non-sanctioned Russians.

SushiSwap Lays Out Roadmap Goals For 2023 Focused On DEX And Users

SushiSwap’s CEO outlined the protocol’s 2023 roadmap, emphasizing user experience, and stated that Sushi would launch its decentralized exchange (DEX) aggregator in the first quarter. As part of its earlier bigger objectives to make the protocol viable and lucrative, the protocol will place a strong emphasis on DEX products this year.

Japan Asks EU and US To Strengthen Strict Crypto Supervision After FTX Crisis

Regulators of Japan have started pressing regulators in the U.S., Europe, and elsewhere to subject cryptocurrency exchanges to regulations similar to those faced by banks and brokerages. Japan’s rules have helped to shield investors, who are poised to be able to withdraw their funds from FTX’s local subsidiary next month. According to Mamoru Yanase, deputy director of the Strategic Development and Management Bureau of the Japanese Financial Services Agency, countries “need to firmly demand” that cryptocurrency exchanges take steps to protect consumers.

Justin Sun Confirmed Now As Leader Of Huobi Exchange, Plans To Create FTX 2.0

Huobi confirmed that Justin Sun is not just a member of the Global Advisory Board but is leading the exchange. The exchange claims that its personnel optimization plan is no lower than the industry average.

Celsius “Debt Collection” $6 Million Funding From Fabric Ventures

Celsius is attempting to withdraw more than $6 million from a Fabric Ventures investment commitment. During a Series B round that took place in 2021, Fabric Ventures promised to invest $8 million in Celsius. On December 3, 2021, they signed a Series B deal with Celsius’s current shareholders and top investors. The plan did not work out as expected. In July, about a month after preventing client withdrawals and locking billions of dollars across more than a million accounts, the troubled lender filed for bankruptcy.

Crypto Lender Nexo Pays $45 Million Fine For Not Registering EIP

Nexo was accused by the SEC of failing to register the offer and sale of its EIP. The crypto lender has agreed to pay a punishment of $22.5 million to the SEC as well as an additional $22.5 million to resolve comparable complaints from state authorities. The SEC noted Nexo’s decision in December 2022 to voluntarily restrict access to its EIP in eight states and cease signing up any new U.S. clients when it agreed to the settlement.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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