The move is part of Binance’s global law enforcement training program, which is designed to help law enforcement officers tackle cryptocurrency-related crtimes.Īccording to a press release from Binance, the memorandum will see the two parties cooperate on identifying and blocking crypto assets that were obtained illegally, and identify attempts of money laundering through crypto. The Binance cryptocurrency exchange has signed a “memorandum of agreement” with the Financial Monitoring Agency in Kazakhstan. Binance plans to establish regional hub in Kazakshtan Strike, a Bitcoin payments company that leverages the Lightning Network, recently raised a $80 million funding round. The number of nodes on the network has seen much more modest growth, as it has only increased by 0.11% in the same time period. The Lightning Network’s capacity has grown by 6% in the last 30 days, according to Lightning Network data aggregator 1ml.com. Lightning Network BTC capacity since 2018. The Lightning Network, a layer 2 solution enabling hyper-efficient BTC payments, has hit a new milestone with the network’s capacity exceeding 5,000 BTC (about $97 million at the time of writing). Lightning Network hits 5,000 BTC capacity When explaining the dramatic decline its platform’s trading volume, WazirX has cited issues specific to the cryptocurrency industry in India, including stiff crypto tax laws, strict regulations and difficulty accessing banking services. The layoffs impacted employees across different departments, including the entire public policy and communication team. Before the layoffs, WazirX had a workforce of around 150 employees.ĬoinDesk, which cites three sources familiar with the matter, writes that the employees affected by the layoffs will continue to receive their pay for 45 days. India-based cryptocurrency exchange WazirX is reportedly enacting significant layoffs, and around 40% of the exchange’s employees will be losing their jobs. WazirX is reportedly laying off 40% of its employees and former NBA player Paul Pierce.ĮMAX has been struggling mightily in the market-the token is currently down 76.7% year-to-date, and is down 98% from its all time high. The project was also promoted by boxer Floyd Mayweather Jr. The SEC claims she was paid $250,000 for the promotion of EthereumMax.ĮthereumMax launched with an aggressive marketing campaign that involved celebrities. Kardashian agreed to settle the charges with the SEC and pay a total of $1.26 million, but did not admit or deny the SEC’s allegations. According to the SEC, the EMAX token from the EthereumMax project is a security which Kardashian promoted without disclosing that she was paid for the promotion. securities regulator Securities and Exchange Commission (SEC) has charged prominent celebrity and businesswoman Kim Kardashian for “unlawfully touting” EthereumMax. SEC charges Kim Kardashian for unlawful promotion of Ethereum Max Here's a quick breakdown of the biggest news stories and developments in the cryptocurrency sector for October 3, 2022.

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