In the world of crypto, there is no shortage of novelties. The ecosystem is full of geniuses. Every day, there are new projects that appeal to new players, even States. In this article, discover the crypto recap of the week where we will come back to the essential news of the last seven days.
In the form of NFTs, the Web3 resuscitates the Titanic
Since their arrival on the Bitcoin blockchain, registrations on Ordinals have exploded. Thanks to increasing digitization, NFTs are integrating photography into the Web3. Just last week, a partnership was signed between three companies, including the RMST company representing the steward of the famous ship, to wake the Titanic from its wrecks using blockchain.
NFT Paris: an unmissable event for Web3
Tremplin.io teams covered NFT Paris, Europe’s biggest NFT event, from behind the scenes.
A new condemnation of cryptos by the IMF
Obviously, the International Monetary Fund is leading a decided crusade against cryptocurrencies. At a time when everything indicates that China could reconsider its position on bitcoin, and that MasterCard and Deutsche Bank are taking new steps in the adoption of cryptos, the IMF can not think of anything better than to condemn their use. In an interview, the director of the Bank for International Settlements even said that they won the war. According to him, cryptos are no match for fiat currencies.
SEC rulings deemed inconsistent
The American financial market policemen are not letting go of the crypto sector. Many of his current decisions are considered inconsistent in the face of a bear market. Last week, the SEC ordered a halt to the issuance on Binance of the stablecoin Binance USD (BUSD). It was a blow for the exchange which is considering the creation of a new stablecoin backed by a currency other than the US dollar. Meanwhile, the SEC is reportedly in negotiations with Paxos Trust Company following an investigation implicating the company in an alleged sale of unregistered securities linked to the Binance USD stablecoin. As for the Kraken platform, the SEC considers its closure a victory for investors.
Sam Bankman Fried now faces up to 100 years in prison
It’s a stir in the FTX case following a new indictment filed earlier this month. As Sam Bankman Fried said ” try to fix things from his assigned residence, these continue to get worse. Prosecutors handling the case have charged him with four new charges, bringing the total to twelve. He now faces more than 100 years in prison. A word of warning: the man behind SBF’s first suspicions of financial malfeasance, Changpeng Zhao, is also embroiled in a somewhat similar case.
No news was left out. And if you are, like us, interested in decentralized finance and you follow all the debates on the regulation of cryptocurrencies, what do you think of the approach used by the Securities and Exchange Commission.
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