Welcome back to Crypto Inida Weekly Update Section on Binance Feed, your source for the latest and most relevant news in the crypto market!
As the last week of Jan 2023 ends, let us look at news & events.
Prosecutors seized $50 million from SBF's Farmington State Bank account, which had only three employees. Alameda Research bought an $11.5 million stake in Farmington last March.
DCG-owned #crypto exchange Luno to fire 35% staff due to extreme market conditions!
Genesis owes $3.5 Billion+ to various creditors.
Genesis is seeking $20.9 Million from Roger Ver for failing to settle cryptocurrency options transactions that expired on Dec. 30, 2022
SEC denied ARK & 21 shares #Bitcoin ETF listing for the second time #SEC so far has not approved any spot Bitcoin ETF to be listed on an exchange. Grayscale sued the SEC for rejecting its proposal to list their GBTC ETF.
#Tesla released its Q4 2022 financial report highlighting no bitcoin-related transactions in Q4 Tesla currently holds about 9,720 bitcoins, and the average purchase cost per bitcoin is about $32,099
El Salvador Announced that they had repaid the $800 million eurobond debt in full, along with interests. Major news outlets were reporting that due to volatile fluctuations in the crypto market & financial weakening of El Salvador, they won’t be able to pay their $800 Million debt
Vitalik Buterin highlighted privacy as the "largest remaining challenge" on ETH Vitalik said that the "Ethereum ecosystem involves making a portion of your life public for anyone to see and analyze" he Also discussed the concept of stealth addresses for anonymizing transactions.
De Nederlandsche Bank imposed an administrative fine of €3.3 Million on Coinbase for providing #crypto services in the Netherlands without any registration with DNB, which is in non-compliance with the law.
Thank you!
See you next week!
Crypto India Team