The biggest cryptoverse news for September 14 includes Binance CEO Changpeng Zhao’s comments on the MiCA framework, SEC Chairman Gary Gensler reiterating his stance on most cryptocurrencies, and the blocking of wallets Bitcoin linked to an Iranian cybercriminal group.
Top CryptoSlate Stories
Binance CZ Says EU MiCA Framework Could Be Global Crypto Regulatory Standard
Binance CEO Changpeng Zhao spoke at Binance Blockchain Week on September 14, saying the proposed regulatory framework in the EU – Market in Crypto Assets (MiCA) – was “fantastic” and could be a standard world for crypto regulation.
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The framework proposed by the MiCA obliges crypto companies to apply for the same license to operate throughout the European Union. It also restricts access to dollar-backed stablecoins, which Zhao says is the only thing that could change.
SEC Chairman Gensler Reiterates “Most Cryptos Are Securities” Before US Banking Committee
Securities and Exchange Commission (SEC) Chairman Gary Gensler said on Sept. 15 that crypto intermediaries, like centralized and decentralized exchanges, should register with the SEC.
“Companies operating in other well-regulated markets that wish to enter the crypto market (should) do so in accordance with proven investor protection rules, (while) existing crypto security intermediaries must do so in accordance with the rules investor protection. as well.”
Gensler reiterated his belief that most crypto assets are securities in his testimony before the US Senate Banking Committee.
US Treasury Department blacklists Bitcoin addresses linked to Iranian ransomware group
The US Treasury Department has detected seven Bitcoin wallets linked to members of Iran’s Islamic Revolutionary Guard Corps (IRGC). The IRGC has been launching ransomware attacks against the United States since 2020.
The wallet addresses were immediately blacklisted and offered up to $10 million in rewards for any information that would lead to the arrest of the owners of these wallets.
LUNA sinks 20% after South Korea issues arrest warrant for Do Kwon
South Korea has issued an arrest warrant for Terra Luna founder Do Kwon, valid for one year. Luna fell 20% as soon as the arrest warrant was issued.
— PeckShieldAlert (@PeckShieldAlert) September 14, 2022
The token had risen 80% in the last seven days. However, as CryptoSlate the data indicates, it has fallen 21.4% in the past 24 hours.
Dutch Police Arrest Suspected Bitcoin Thief While Tracing Blockchain Transactions
A 39-year-old man was arrested in the Netherlands on September 6 for allegedly stealing tens of millions of dollars worth of Bitcoin. Although the Dutch authorities only detained him for two days, the investigation revealed new information proving that the man was indeed guilty.
The 39-year-old thief was discovered to have laundered stolen Bitcoins through the Electrum wallet. Subsequently, he converted these funds into Monero (XMR) using the Bisq crypto exchange.
New York Museum Plans to Buy NFTs from Art Auction Proceeds
The New York Museum of Modern Art (MoMA) is looking to buy NFTs from the William S Paley Foundation auction, according to The Wall Street Journal. The auction will display approximately $70 million worth of artwork and NFTs.
The Foundation manages the estate of William Paley, and the auction will include 29 of his 81 pieces at the museum, including “Guitar on a Table” by Pablo Picasso and “Three Studies for a Portrait of Henrietta Moraes” by Francis Bacon.
Research: Bitcoin Could Regain Dominance Over Altcoins
Even though Bitcoin has lost market dominance to Ethereum and all of its altcoins, the altcoin cycle signal indicates that Bitcoin may begin to dominate Ethereum altcoins.
The altcoin cycle signal is a metric that determines the strength of the altcoins market, and it is ranked between 100. When it is below 50, it indicates Bitcoin’s dominance over altcoins. When it is above 50, it tells us that altcoin season is upon us.
The altcoin signal is currently at 79 indicating that the market is in altcoin season. However, the signal dropped significantly in July and August, which could be a sign of upcoming Bitcoin dominance.
News from all over the Cryptoverse
Not investing in crypto will be a business risk in the future
Apollo Capital CIO Henrik Andersson says the time when not investing in crypto will be a “career risk” will come, according to Corner Telegraph.
Andersson said crypto adoption is still in its infancy, but has gradually accelerated.
EDX Market Launches Backed by Financial Industry Giants
A group of brokers, market makers and venture capitalists, including Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial, are backing the new crypto exchange EDX Markets (EDXM).
EDXM said it will provide safe and compliant crypto trading through trusted intermediaries.
Bitcoin fell 2.06% and is trading for $19,845. Ethereum also fell 0.66% to trade at $1,582.
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SEC Gensler Wants CEX And DEX To Register; Bitcoin regains its dominance – Tech Tribune France
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