Newsletter Sep 9, 2022
Elon Musk's $258B Dogecoin Racketeering Lawsuit Expands As More Plaintiffs Join In

New electronic summonses in the case were also sent to the tech billionaire and other named defendants Wednesday.


Malicious Actors Use Fake Apple Event On YouTube To Lure Thousands To Crypto Scam

The fake video has since been taken down by YouTube for violating the platform's terms of service.



Russia's Financial Authorities To Legalize Crypto Payments In International Trade

"It is important to emphasize that we are not talking about the legalization of cryptocurrency as a means of payment on the territory of our country," the Bank of Russia said.

Chainalysis Helps US Government Seize $30 Million Tied To Axie Infinity Hack

North Korea-based hackers stole almost $624 million from Axie earlier this year.

DoJ Wants To Seize $22M From Utah Businesses For Alleged $722M Fraud Crypto Scheme Link

Several businesses in Utah have been implicated in a lawsuit, and federal authorities now want to seize $22 million from firms that received investments from the BitClub Network, a report said.

The Ethereum Merge Is Happening, But What Will It Mean For Existing ETH Miners?

Once the Merge is completed, Ethereum will officially adopt the Beacon Chain as its new consensus layer for its existing mainnet execution layer.

ETH Staking Rewards Could Be 'Similar' To Bonds, Commodities; Price Could 'Decouple' Post The Merge: Report

The Merge is expected to bring "changes in mining activity."

Ex-Meta Execs Successfully Raise $300 Million To Boost Sui Blockchain

The firm responsible for the development of Layer 1 blockchain Sui has raised $300 million from big names in the crypto industry.

Crypto On Friday: Market Remains Bullish

The crypto market has turned bullish as Bitcoin and Ether eye resistances at $20,000 and $1,700 price levels respectively.

SEC To Open New Office To Scrutinize Crypto Disclosures

The Securities and Exchange Commission's division of corporate finance is set to form a new office for crypto disclosures, according to a new report.

SEC Chair Backs Giving CFTC Authority To Regulate Bitcoin

The head of SEC, Gary Gensler, said that he supports the CFTC having more regulatory oversight over non-security cryptocurrencies.

Florida Man Faces Up To 5 Years In Prison For Involvement In Crypto Ponzi Scheme

It hasn't been long since the SEC charged the founders of the firm the man is affiliated with.


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