Crypto Weekly Recap: Guilty Verdict for Mango Markets Exploiter, Binance’s India Comeback and Beyond

Ethereum

Revolutionizing the business world, Ernst & Young has unveiled a groundbreaking blockchain innovation that streamlines intricate contracts, slashes expenses and guarantees unwavering security.

Technology

The mastermind behind Polkadot, Gavin Wood, has just unveiled his revolutionary Gray Paper detailing the highly-anticipated Join-Accumulate Machine (JAM) upgrade for the network.

But that’s not all – get ready for the launch of the World Chain, a cutting-edge Layer-2 blockchain created by the Worldcoin Foundation. This game-changing platform will introduce never-before-seen authentication methods and prioritize human users, tackling scalability concerns and boosting network efficiency.

Introducing the groundbreaking launch of OKX’s highly-anticipated Layer-2 solution, X Layer, on the public mainnet. This cutting-edge technology is set to revolutionize the world of decentralized applications, propelling adoption and sparking a new era of innovation in the crypto exchange industry.

Business

The Polkadot community sets its sights on global domination with a groundbreaking $8.8 million deal to sponsor Lionel Messi’s Inter Miami football club. This strategic move will propel the protocol to new heights and cement its position as a leader in the blockchain world.

In a game-changing move, Safe, the leading provider of smart contract wallets, has acquired Multis, a cutting-edge wallet management software provider. This partnership will revolutionize blockchain solutions and take them to the next level.

The winds of change are blowing at OKX as two top executives, Tim Byun, the Global Government Relations Chief, and Wei Lan, the product chief, bid farewell to the exchange.

NFT

The company has just revealed a shocking change to its Seller Protection Program, leaving NFT transactions out in the cold starting May 20. And that’s not all – high-value NFT sales of $10,000 or more will also lose their shield against deceitful claims, chargebacks, and other fraudulent schemes.

Security

Infamous Manipulator Avraham Avi Eisenberg, also known as the ‘Mango Markets Exploiter,’ has finally been brought to justice. After a lengthy trial in a federal court in Manhattan, he has been found guilty of fraud and manipulation charges connected to his notorious Mango Markets scheme.

Exclusive: US senator expresses concern over CBDC, supports Bitcoin

Three days before Bitcoin halving, BTC fell further

Despite SEC claims, Uniswap trading volume has reached up to $3 billion

Regulations

The crypto world is buzzing as Canada sets the pace for global tax regulations with their groundbreaking decision to implement the International Crypto-Asset Reporting Framework by 2026.

Binance, the world’s leading cryptocurrency exchange, is making a grand comeback in India. And this time, it’s official! After being banned by the Indian government earlier this year, Binance has now registered with the Financial Intelligence Unit of the Finance Ministry.

This means that the exchange will be closely monitored and will comply with all laws and regulations, including the PMLA and the VDA taxation framework.

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