TV star Kim Kardashian has paid $1.26 million to the US SEC to settle charges relating to her promotion of EthereumMax. Moreover, Kardashian must not promote any cryptocurrencies for three years. According to a Monday press release, the SEC had filed charges against the “Keeping Up With the Kardashians” star for not disclosing the $250,000…
Breaking crypto news from the last week (Sept. 24 – 30, 2022): Sept. 24: The Walt Disney Company is looking to hire a transaction lawyer working at an “accelerated and aggressive timeline” to explore new technology opportunities, like the metaverse, DeFi, and NFTs. The media conglomerate looks to expand into Web3 territory focusing on “next…
Top investment deals across the crypto sector over the last week (Sept. 24–30, 2022): Deribit raises $40 million from existing investors at a $400 million valuation Deribit, the largest Bitcoin options exchange by market share, has raised funds from existing investors at a $400 million valuation, The Block reported. The Panama-based exchange raised around $40…
The European Union (EU) might tighten restrictions on Russians’ crypto investments in the EU as a response to “sham” independence votes being held in Russian-occupied regions of Ukraine, CoinDesk reported. Russian citizens could be restricted from making any payments to EU crypto wallets following the limits imposed in April. A previous cap of crypto holdings…
Circle, the company behind the second-largest stablecoin USDC, announced on Sept. 28 that it will soon expand USDC support on five additional blockchains. Furthermore, the company announced a Cross-Chain Transfer Protocol to streamline the movement of USDC across networks. As the company’s CPO Nikhil Chandhok revealed at Circle’s Converge22 conference, USDC will be compatible with…
Top crypto news from the Middle East region over the last week (Sept. 24–30, 2022): First metaverse project 2117 launches in the UAE inspired by Dubai ruler’s vision The UAE-based Web3 pioneer BEDU launched the country’s first metaverse project under the name 2117, inspired by the ruler of Dubai Sheikh Mohammed bin Rashid Al-Maktoum’s vision…
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