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Crypto Weekly Digest: Tether Moves to El Salvador, Biden Tightens Sanctions, and TON Prepares for U.S. Listing

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MINE.exchange has gathered the latest web3 news from the past week that you might have missed.

– An American pastor faces imprisonment for cryptocurrency fraud. Between November 2021 and October 2023, he caused investors millions of dollars in losses.

Singapore’s Gambling Regulatory Authority (GRA) warns that using unlicensed platforms may result in a fine of up to 310,000 Singapore dollars, imprisonment for up to five months, or both.

Tether has completed preparations to relocate its headquarters to El Salvador after obtaining a digital asset service provider license.

– The Biden administration has tightened export rules for American computer chips, restricting access to advanced technologies for countries that may use them against U.S. interests.

– The Open Network (TON) blockchain platform is preparing to enter the U.S. market, hoping for favorable regulatory conditions amid the upcoming change in the presidential administration.

SEC Chairman Gary Gensler emphasized in an interview that the agency has never classified Bitcoin and Ethereum as securities. This statement comes amidst ongoing discussions about launching spot crypto ETFs.

Justin Sun, the founder of TRON, introduced an updated version of the USDD stablecoin, promising yields of up to 20% per annum.

Donald Trump is considering the creation of a national reserve based on cryptocurrencies such as USDC, Solana, and XRP.

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