A lot happened in October and as my usual way of giving you premium gists, I’m here again to share the major highlights with you.
Crypto News From October
The U.S. Securities and Exchange Commission (SEC) has charged two now-defunct cryptocurrency firms and their executives for allegedly running a pump-and-dump scam worth $36.8 million from 2017 until 2019.
Dem don catch maga ooh 🤣
The Finance Ministry of Russia looked to facilitate a more accommodating cryptocurrency policy, as it plans to permit the use of digital assets for international settlements in any industry without restrictions.
War na your mate??🤣
South Korean prosecutors allegedly froze ₩56.2 billion ($39.9 million) in crypto assets belonging to Terra Founder Do Kwon in addition to the already frozen ₩38.8 billion ($27.54 million).
Do Kwon go soon crash with Terra Luna🤣
International investigators claimed that North Korea stole “hundreds of millions of dollars worth of crypto assets” to pay for its nuclear weapons programs”
The rejected stone don turn chief cornerstone for North Korea🤣
The U.S. Securities and Exchange Commission (SEC) launched a probe into Yuga Labs, the entity behind the popular NFT collection Bored Ape Yacht Club, over the sale of its NFTs and digital tokens.
Wahala for who U.S SEC don remember ooh
Japanese video game giant Konami announced plans to launch a marketplace for trading in-game NFTs and other Web3-related products & services.
Wahala for who never enter Web3 space
The bankrupt crypto lender Celsius has so far paid out more than $3m in legal fees, with one law firm alone responsible for the vast majority of the expense for just two weeks of work.
Big man, big trouble
South Korean police have seized $1.3 million worth of crypto in criminal investigations so far this year, official numbers have revealed.
People dey steal shaa 🤣🤣
Sam Bankman-Fried, CEO of the crypto exchange FTX, has come under fire by the crypto community for comments that could imply that he is in favor of censoring DeFi protocols.
Dem drag am like tiger gen😅
The Web3 industry can add as much as $1.1 trillion to India’s GDP by 2032, a new report from the Indian tech industry association Nasscom has shown.
Web3 space is taking over
Customs officers in Argentina seized a haul of 342 crypto mining rigs as the nation continues its recent crackdown on illegal miners.
If you mine crypto for Argentina, customs go mine you😂
FTX CEO Sam Bankman-Fried has confirmed that the crypto platform is working on launching its own stablecoin.
Well, it’s a rich man’s world
Ethereum co-founder Vitalik Buterin continued to preach the crypto gospel, declaring that cryptocurrencies are a better option to store wealth and carry out transactions than gold.
Vitalik sabi wetin he dey talk. Our blog don preach same gospel for here.
That’s all for October, thanks for reading.