⚡️ News Flash - 27 Sep 2024 !
1️⃣ Ethereum Transaction Fees Soar Amid Increased Blockchain Activity: Coinbase
Ethereum transaction fees have spiked due to increased on-chain activity, says Coinbase. Kraken analysts note Ether's RSI has broken a downtrend since March, indicating a potential bullish momentum shift.
2️⃣ MiCA Poses Risk of Crypto Firms Relocating to Middle East, Warns Regulatory Expert
Europe's MiCA crypto regulations could reduce Web3 firms and raise centralization concerns, pushing companies to the Middle East due to uneven enforcement, says Fideum CEO.
3️⃣ SEC Charges U.K. Citizen in Hacking and Insider Trading Scheme Involving Five U.S. Public Companies
The SEC charged Robert B. Westbrook for hacking U.S. companies to trade on insider info, earning $3.75 million. Despite using VPNs and Bitcoin to hide, investigators uncovered the scheme. He faces civil and criminal charges.
4️⃣ Gensler Warns Crypto Industry Won't Last Without Investor Protections
SEC Chair Gary Gensler stressed that the crypto industry needs investor protections to survive, citing past failures like FTX. He reiterated that most cryptocurrencies are securities, except Bitcoin, which he confirmed is not a security and can be traded through exchange-traded products.
5️⃣ Binance Founder 'CZ' Released from Prison on Friday, Retains $60 Billion Fortune
Changpeng Zhao, or "CZ," will be released from federal custody after a four-month sentence for anti-money laundering violations at Binance. With a net worth of $60 billion, he aims to reconnect with family and focus on philanthropy, while still holding significant influence at Binance as its largest shareholder.
