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The biggest news in the cryptocurrency industry on Sept. 27 includes Binance’s new global program aimed at helping law enforcement fight cybercrime, FTX’s acquisition of bankrupt Voyager, and Celsius’ CEO Includes the resignation of Alex Masinsky.
Binance announced the launch of a new Global Law Enforcement Training Program on September 27th. The program helps law enforcement agencies around the world detect cyberfinancial crimes and prosecute offenders.
The program will be led by a handful of select individuals with hands-on global experience in cyber financial crime from Binance’s research team, which has grown exponentially over the past year.
Collapsed cryptocurrency lender Voyager has met with a number of investors, including forex broker FTX, who are interested in buying the company. On September 27th, Voyager announced that FTX had won its takeover bid.
Celsius Network CEO Alex Mashinski announced his resignation on September 27. Celsius native his token, CEL, responded to the announcement by jumping 7.5% to reach $1.37.
Celsius Network has announced the appointment of Chris Ferraro as chief restructuring officer and interim CEO shortly after Mashinski’s announcement of his resignation.
Ethereum Push Notification Service (EPNS) announced on September 27th that it has been rebranded to Push Protocol. According to the announcement, the push protocol marks the first step for services to become multi-chain communication capabilities.
A white paper on updating Cosmos (ATOM) was released on September 27th. While the document is in the proposal stage, ATOM recorded a 3.4% increase to $14.57 at the time of reporting.
This proposal proposes adding interchain security to the Cosmos Hub, turning it into an interchain web. This draft also provides updates to increase the usefulness and value of ATOM.
Ethereum (ETH) developers detected a bug in the Besu Ethereum client before it caused a consensus failure on the network. This finding he posted on the Hyperledger GitHub repository, where it was understood that “no transaction causing this failure was present in the production network.”
Polkadot (DOT) announced upcoming improvements to its network. This includes asynchronous backing updates that increase transaction speed by at least 10x.
Asynchronous backing updates reduce the parachain block time to 6 seconds and increase the space of each block by 5-10. New updates will be available for deployment on Kusama by the end of the year.
The California Department of Financial Protection and Innovation has tried to withhold an order from cryptocurrency lender Nexo. The complaint accuses Nexo of allegedly acting “against interest-bearing cryptocurrency accounts.”
Meanwhile, Nexo responded that it had stopped onboarding new users from the US to its earned interest products in February 2022.
According to Cambridge Center for Alternative Finance (CCAF), sustainable energy use in Bitcoin (BTC) mining has decreased by 13% in 2021 compared to 2020.
This figure shows that over 40% of Bitcoin mining was done using renewable energy sources in 2020. This percentage he said will drop to 28.48% in 2021, a 63% increase in greenhouse gas emissions.
U.S. Federal Reserve Chairman Jerome Powell spoke at a roundtable on Sept. 27, urging lawmakers to exercise caution when regulating DeFi protocols. He said regulators should:
be very careful about how cryptographic activities are conducted within regulatory boundaries.
He added that central banks have always been the main trust factor behind money, and that stablecoins only borrow trust from issuers.
Nexo has signed a contract with Summit National Bank. This will enable Nexo to offer a range of services in the United States, including bank accounts, asset-backed loans, card programs and custody solutions.
Analyzing various indicators, crypto slate The research team concluded that Bitcoin has hit bottom.
This conclusion was drawn after looking at the percentage of Bitcoin addresses in profit, market value to realized value (MVRV), and supply in profit and loss. These indicators are crypto slate Radar, and just last month they showed Bitcoin could drop further.
Bitcoin (BTC) fell 0.57% over the past 24 hours to reach $19,030. Ethereum (ETH) also fell 0.26% to reach $1,321.
