The United States recovered more than 30 million dollars of cryptocurrency stolen by North Korean hackers
1.The United States recovered more than 30 million dollars of cryptocurrency stolen by North Korean hackers.
2.There are less than 40000 blocks to be merged in eth.
3.White House Science and technology office: crypto mining hinders us efforts in environmental protection.On September 8, the White House Office of science and technology released a report saying that crypto mining hindered the United States' climate commitment and efforts to achieve net zero carbon pollution. The United States must take action to reduce pollution related to cryptocurrency production. The report asked federal agencies to work with States to set standards, saying that the White House or Congress may eventually need to intervene. It is reported that the conclusion released on Thursday coincides with the Biden administration's concern on climate change mitigation.
4.US Treasury: cryptocurrency needs strict supervision.According to a recent article in the Washington Post, the US Treasury intends to tell the White House that crypto assets are the main source of financial risks for investors, and unless the government introduces new and strong regulations on cryptocurrencies, these risks exceed the potential interests of investors.
5.On September 8, U.S. Senator Cynthia Lummis and Senator Kirsten Gillibrand jointly launched the responsible financial innovation act as the opening remarks of the federal discussion on digital assets. In addition, she said that the securities and Exchange Commission (SEC) will be allowed to determine which cryptocurrencies fall within its regulatory scope to protect cryptocurrency investors, while the rest will be left to the CFTC to decide, and said that digital assets will be innovatively and safely integrated into the US financial system.
6.Crypto trading company QCP: Ethereum merger may not immediately lead to deflation.With the upcoming merger of eth, it is widely expected that this upgrade will make eth a deflationary cryptocurrency. The strategist of QCP capital, a crypto trading company from Singapore, said in a recent report that the super bullish argument is that eth 2.0 will immediately herald a new era of eth deflation supply. But this is not entirely true, at least for now. Although the merger may reduce the supply of Ethereum, making it a deflationary asset, low network utilization may delay the expected bullish effect. The bullish driving force will come from the burning rate. In the crypto winter, it seems that it is not so optimistic. According to QCP data, miners currently receive 5 million eth (about $8.1 billion) every year. After the transition, this figure is estimated to drop to 1 million eth per year, which is used to pay rewards to POS Pledgors.
7.Survey: three quarters of wealth management institutions plan to adopt cryptocurrency.According to a new survey conducted by hanetf on 75 wealth management institutions in the United Kingdom and Europe, although all major cryptocurrencies have seen significant declines in the past 12 months, 75% of respondents still expect to increase their exposure to cryptocurrencies next year. According to hanetf data, none of the 13 major cryptocurrencies mentioned in the study achieved positive returns in the first half of 2022. Bitcoin suffered the smallest loss, falling 59.6% during this period. Its one-year performance fell by 41.9%, far from the peak in November 2021. Wealth management institutions disagree on how the regulatory environment of cryptocurrencies will change in the next three years, of which 52% believe that regulators will strengthen the control of cryptocurrencies, while 41% say that regulators will accept them.
8.Legal experts say Nigeria's crypto industry needs "clear guidelines".The Nigerian authorities have been informed of the need to consider upgrading the country's cryptocurrency regulatory guidelines, as the current regulations are inconsistent with local realities. According to legal experts, the growing interest of Nigerians in cryptocurrency means that the country needs to develop "clear guidelines" for the industry. Legal experts urged Nigerian authorities to consider upgrading the country's cryptocurrency regulatory guidelines. These experts believe that this escalation is necessary because Nigerians have largely ignored the current regulations that are trying to stifle cryptocurrency trade or investment.
