This Week In Crypto: Elon Musk Tweeted About Dogecoin Earning It A Staggering 35% Rise, And We Checked If It Was Too Late To Buy DOGE. We looked at Ethereum price predictions as the Shanghai update neared, while CoinShares found investors were still buying Bitcoin, and Coinbase found that crypto could save Americans billions in remittance fees every year. MicroStrategy's $30 million Bitcoin acquisition catapulted its crypto wealth into the billions, Fabian Vogelsteller aimed to establish a comprehensive ecosystem for creative professionals with LUKSO, while LayerZero Labs raised $120 million, valuing the company at $3. millions of dollars.
But then Paxful shocked the Cryptoverse when it announced it would suspend its marketplace, Binance has lost 16% market share since ending its zero fees on BTC pairs, and the CFTC lawsuit, Binance CEO denied allegations that received a red notice from Interpol asking to locate and arrest him, and a US judge ordered a stop to Binance's acquisition of Voyager Digital, a government call. Justin Sun has denied claims that he was considering selling his stake in Huobi, but Binance reportedly turned down Sun's offer to buy his stake in Huobi, citing ties to mainland China. Meanwhile, M11 Credit has taken over crypto lending at Maple Finance.
While all this was going on, PostFinance partnered with Sygnum Bank to offer its clients cryptocurrency trading and storage services, S&P Global was looking for a DeFi director to oversee its expansion into this sector, SEB and Crédit Agricole CIB jointly launched the blockchain platform, so| bond, and a New York financial regulator clarified that Signature Bank's closure was not related to the cryptocurrency business.
Citizens of Nanjing, China have opened more than 310 yuan personal digital wallets, and other cities show similar statistics. Russia's central bank said that citizens spend more per household on cryptocurrency than gold. British companies have taken their complaints directly to the government amid increased banking activity. restrictions, the ongoing regulatory crackdown on cryptocurrencies in the US could spur Hong Kong in its bid to become a new cryptocurrency hub, and Singaporean officials were collaborating with local banks to develop uniform standards for evaluating to crypto clients.
In South Korea, police raid a plastic surgery clinic over alleged cryptocurrency-motivated kidnappings and murders, a country attacked by NFT scammers posing as bona fide project operators, and authorities have confirmed they asked Binance to freeze co-founder Daniel Shin's Terra cryptocurrency. In the United States, the Department of Justice has seized more than $112 million worth of cryptocurrency linked to various cryptocurrency-related scams.
Kaspersky warned of hackers using corrupted software to target crypto companies with "surgical precision," InformZashitae has seen a "significant" increase in the number of fraudulent crypto exchanges targeting Russian-speaking crypto merchants, and a Canadian explained how he was cheated of almost €205,000 worth of tokens in an elaborate crypto scam.
And now, their royal majesties, the jokes.