CoinCodeCap WeekInFocus: January 21, 2023
WeekInFocus is your ally, filling in the gaps in news you may have missed over the past week. Additionally, it acts as a catalyst for professional and personal development by introducing you to new ideas and exciting career opportunities. Join us in accepting both what is happening and what you can imagine.
News
global
Korea FIU prepares for stricter regulations on cryptocurrency mixers
The FIU emphasized the urgent need to address the misuse of cryptocurrency mixers by fraudsters.
According to reports, discussions on regulating cryptocurrency mixers are still in the early stages.
EU banking authorities announce anti-money laundering rules for cryptocurrency companies
The revised guidelines will come into effect from December 30, 2023.
The EBA emphasized that these changes are an important step forward in the EU’s fight against financial crime.
CFTC Takes Action Against Debiex for $2.3 Million Romance Cryptocurrency Fraud
The CFTC alleges that Debiex siphoned off more than $2 million through this complex scheme.
The CFTC identified five victims over a two-year period.
Nasdaq, Cboe Seek Approval of BTC ETF Options, SEC Acknowledges Proposal
The Cboe filing seeks permission to trade options for a “Bitcoin-holding ETP.”
The Nasdaq filing aims to list and trade options on BlackRock’s iShares Bitcoin Trust.
Platform and Token
SEC Chairman Gary Gensler reveals the truth behind the SEC
SEC Chairman Gary Gensler addressed unauthorized access to the SEC’s ‘@SECGov’ X account in a recent press release.
Gensler offers reassurance by saying there is no evidence to suggest the breach extended to SEC systems or data.
Bittrex Opposes SEC’s Classification of Cryptocurrency Securities
Cryptocurrency exchange Bittrex has filed an appeal to dismiss its ongoing legal battle with the SEC, sparking a new debate over the complexities of digital asset regulation.
By filing this motion to dismiss, Bittrex hopes to establish a more precise regulatory framework that accommodates digital assets.
U.S. SEC supports Song Do-kwon’s request to begin trial after extradition
The U.S. SEC has agreed to proceed with the trial under the guidance of Terraform Labs’ co-founder, with the support of attorney Do-Kwon Kwon.
According to the documents, the SEC supported Kwon’s request for a brief delay to allow him to participate in the trial.
Tether issues strong response to UN report alleging ‘illegal activities’ by USDT
Tether has responded to a UN report showing that its stablecoin is involved in illegal activities.
UNODC published a report discussing the use of cryptocurrencies in illicit operations and underground banks.
Socket Protocol lost $3.3 million due to exploits.
A social media statement from the team claimed the socket was damaged and $3.3 million was withdrawn from contracts related to it.
The team announced that the platform is back up and running and that the damage has been fully mitigated.
FTX’s clawback lawsuit against SBF’s parent company to be dismissed
Sam Bankman-Fried’s parents dismiss ‘Threadbare’ FTX lawsuit
Bankman and Fried, both Stanford Law professors, argue that Bankman lacks a fiduciary relationship with FTX.
Former iComtech CEO sentenced to 5 years in prison for wire fraud
After pleading guilty to conspiracy to commit wire fraud, IcomTech’s former CEO was sentenced to five years in prison.
Ochoa pleaded guilty in September to one count of wire fraud conspiracy in connection with the cryptocurrency-based IcomTech Ponzi scheme.
Project updates
TrueUSD Stablecoin Depegs Amid Massive Sell-Off
Traders reportedly sold $339.2 million worth of TUSD on Binance in the last 24 hours. There has been speculation that stablecoins may be undercollateralized, which could contribute to depegation.
HashKey Exchange exceeds funding goal of $100 million, achieves unicorn status
HashKey is valued at $1.2 billion after its latest raise. The specific identity of the institutional investor was not disclosed.
ProShares Announces Bold Action on 5 Bitcoin ETFs with Indirect Exposure
In the early days of spot Bitcoin ETF trading on local stock exchanges, ProShares is preparing to introduce a number of Bitcoin ETFs with indirect exposure to BTC. The daily investment objective of the ProShares Plus Bitcoin ETF and ProShares Ultra Bitcoin ETF is to outperform BGCI’s daily performance by 1.5x and 2x, respectively.
Podcasts and Interviews
Interview with Hyper Oracle Founder Kartin Wong
Anthony Pompliano’s “Raoul Pal of Bitcoin” podcast
Scott Melkar’s “Bitcoin Dumping Amid Tech Stock Rise” podcast
Job information
Protocol Researcher | nethermind
Technology Chief Operating Officer | situation
ZK Circuit Engineer | Ethereum Foundation
Senior Full Stack Developer | Enya Lab
Senior Security Engineer | Enya Lab
2k23 event
ETH Cinco de Mayo Hackathon (Cholula, Puebla) – February 2 to February
February 3rd Ethereum Lima Day
ETHDenver BUIDLWeek & Hackathon runs from February 25th to March 3rd.
ETHLatam (San Pedro Sula, Honduras) March 13 – March 14
ETHGlobal London from March 15 to March 17
As we conclude another week of insight and discovery, remember that staying informed and motivated is an ongoing journey. CoinCodeCap’s WeekInFocus accompanies you on this path, providing fresh perspectives on news, doors to exciting career possibilities, and a collection of thought-provoking podcasts. Let us face the coming week with curiosity and determination. Until next time, stay focused and keep thriving!
