CRYPTONEWS WEEKLY ??- May 11, 2024

CRYPTONEWS WEEKLY ??- May 11, 2024

Your trusted source for all things crypto.


?? TOP NEWS OF THE WEEK

?? Over 90% of Stablecoin Transaction Volumes Are Not From Genuine Users: Visa Study

A recent study conducted by Visa and Allium Labs has found that more than 90% of stablecoin volumes do not originate from genuine users.

?? Cartier Jewelry Heir Busted for Laundering Money with Crypto

The US Justice Department (DoJ) indicted Cartier Jewelry Heir for allegedly laundering money through Tether’s USDT.

?? India’s Central Bank Working To Boost Retail CBDC Volume Through Offline Capability

The Reserve Bank of India is reportedly working to expand the use of its CBDC by actively developing an offline transfer capability.

?? Monero P2P Trading Platform LocalMonero Closes, Citing 'Internal and External' Factors

LocalMonero, a peer-to-peer trading platform for the privacy-focused cryptocurrency Monero, has decided to shut down its services.

?? Nigeria Pushes Back Against Binance, Claims CEO’s Bribe Allegation ‘Lacks Any Iota of Substance’

Nigeria has fired back at Binance Holdings' bribe accusation, claiming it's a distraction to shift focus away from the exchange's actions.

?? EU Securities Watchdog Considers Including Crypto in Investment Products, Expanding Market Access

The EU securities watchdog is seeking input from stakeholders on the potential inclusion of crypto assets in investment products.

?? Taiwan Proposes AML Amendments, Seeks Jail Terms and Fines for Non-Compliant Crypto Service Providers

Taiwan authorities announced that they intend to punish cryptocurrency firms that fail to abide by its anti-money laundering (AML) laws.

??♀? Hong Kong Businessman and Son Surrender to Police Over Kidnapping of Crypto Investor in $1.9 Million Dispute

A Hong Kong businessman and his son have surrendered to police in connection with the abduction of a cryptocurrency investor.


?? THE CRYPTONEWS PODCAS

→ Eduard Jubany Tur, Founder of ZKX

Eduard’s background in tech and finance has led him to tackle some of DeFi’s most pressing challenges, such as accessibility and user engagement. With the goal of making DeFi more approachable and efficient, Eduard has been at the forefront of integrating gamification into trading, enhancing the learning curve with innovative solutions.

?? Apple Podcasts | Spotify | All podcast players


→ Armani Ferrante, CEO of Backpack

Armani Ferrante is the founder and CEO of Backpack. The Backpack ecosystem of companies, creators of the Backpack wallet, the Mad Lads NFT collection, the xNFT standard, and Backpack Exchange. Before founding Backpack in April 2022, he was the creator of Anchor, a groundbreaking developer tool that revolutionized programming on Solana.

?? Apple Podcasts | Spotify | All podcast players


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