Dubai: Crypto & Coffee at 8: 🚨 12th Oct 🚨 🚨 U.S. Department of the Treasury charges Bittrex with sanctions violations 🚨 Google Cloud partners with Coinbase to accept crypto payments.
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12th Oct 🚨 $100M drained from Solana DeFi platform Mango Markets 🚨 CNN to shut down its NFT marketplace 🚨 Bored Ape Yacht Club creators and other NFT projects investigated by U.S. Securities and Exchange Commission Legit news or just Rumour? 🚨 U.S. Department of the Treasury charges Bittrex with sanctions violations 🚨 Google Cloud partners with Coinbase to accept crypto payments.

😱 The centralized Blockchain Solana’s (DeFi) exchange Mango Markets has been hit with a reported exploit of over $100 million through an attacker manipulating price oracle data, allowing them to take out under-collateralized cryptocurrency loans. OtterSec is a firm that audits the power of blockchain ideas mentioned via Twitter that Mango markets were drained for over $100M. Tweet here https://bit.ly/3CPpmdy

🥶Go Woke Go Broke Extreme Left-Wing Media CNN has decided to shut down its NFT marketplace and issue a 20% refund. The project called “Vault by CNN” was a “6-week experiment” and a “first foray into Web3.‍” Tweet here https://bit.ly/3Mpciig Looks like the NFT which had Moments That Changed Us,” the collection included a series of tokenized iconic news moments from CNN’s 41-year history, along with a vault to purchase, store & display the NFTs. was a failure after all

❓❔ Bloomberg LP article states that Bored Ape Yacht Club creator Yuga Labs faces U.S. Securities and Exchange Commission probe over unregistered offerings & that the Wall Street regulator is examining whether NFTs are securities. Unfortunately, the article does not provide any source if the SEC is probing them but is just based on some unnamed sources. Article here https://bloom.bg/3yzmajF

🚓👮🏼 On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The U.S. Department of the Treasury announces two enforcement actions for over $24M and $29M against virtual currency exchange Bittrex, Inc. Official info here https://bit.ly/3rTiAwY Fincent Inc. acting director Himamauli Das has said “For years, Bittrex’s AML program and SAR reporting failures unnecessarily exposed the U.S. financial system to threat actors,”

💡 Bitcoin.com has reported that Google cloud has partnered with Coinbase to accept crypto payments. Google’s Bigquery crypto public datasets will be powered by Coinbase Cloud Nodes, across leading blockchains, accessible to Web3 developers. Article here https://bit.ly/3CQWhyz This should definitely boost Web3.0 adoption Coinbase CEO Brian Armstrong has some really nice things to say about the partnership, details in the article

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