crypto Crypto SWOT: A crackdown by the Taliban has led to a collapse in cryptocurrency use in Afghanistan
• Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Casper, rising 21.84%.
• The European Union is looking to exchange views on the development of crypto legislation with U.S. officials during next week’s IMF-World Bank annual meetings. The EU is moving ahead with key legislation to regulate the crypto sector with common rules across all 27 member states, reports Bloomberg, marking the first time globally that lawmakers have attempted to supervise the industry on such a scale.
• Executives at bankrupt crypto lender Celsius withdrew more than $56 million of cryptocurrencies before suspending customer withdrawals from the platform. Celsius CEO Alex Mahinsky, co-founder Daniel Leon, and CTO Nuke Goldstein withdrew the money largely from custody accounts, denominated in Bitcoin, Ether, USD and Celsius’ own CEL token between May and June, according to documents filed for the Southern District of New York, Bloomberg writes.
• Grayscale Investments, the largest crypto asset manager, is shifting strategy during the midst of the market downturn by setting up an entity seeking to buy Bitcoin mining equipment at distressed prices. The Grayscale Digital Infrastructure Opportunities LLC will purchase the computer rigs used in mining and hopes to profit by selling the Bitcoin earned in the process, writes Bloomberg.• Kim Kardashian will pay $1.26 million to settle SEC allegations that she broke U.S.
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