Crypto News 9 Dec 2022

Please find below today’s Crypto News 9 Dec Headlines

Crypto News 9 Dec #1 – Steve Aoki and 3LAU Launch PUNX Music Project Using CryptoPunks IP

DJs and NFT enthusiasts Steve Aoki and Justin “3LAU” Blau have teamed up on a conceptual music and art project called PUNX, inspired by their own CryptoPunks non-fungible tokens (NFTs).

Crypto News #2 – Lawsuit against Kim Kardashian and Mayweather dismissed

A federal judge dismissed a proposed class action lawsuit by investors against the founders of a cryptocurrency, as well as celebrity endorsers Kim Kardashian and Floyd Mayweather Jr.

Crypto News 9 Dec #3 – Ankr Deploys $15M To Buy Back Bad Debt Following Exploit

Blockchain infrastructure platform Ankr has announced that it would be allocating $15 million to cover the bad debt as a result of its recent exploit.

Crypto News #4 – PayPal Expands Crypto Service Into Luxembourg

PayPal will expand its crypto service to Luxembourg “in coming days,” the payments company said Wednesday, in what may be its first foray into the European Union. Luxembourg, which hosts PayPal’s EU headquarters, could serve as a gateway for the other 26 countries in the bloc, once the Markets in Crypto Assets (MiCA) regulation comes into effect.

Crypto News 9 Dec #5 – Nigeria Announces New Cash Withdrawal Restrictions

Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only withdraw cash not exceeding $1,111 during the same period.

Crypto News #6 – Binance Labs Leads GoPlus Security Funding Round

Binance Labs, the venture capital and innovation arm of Binance, has announced that it is leading private round II funding for GoPlus Security, a company that provides open, permissionless, user-driven security services for the Web3 environment.

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Crypto News 9 Dec #7 – Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage

The share of cryptocurrency miners may reach 1.5 – 2% of Russia’s total consumption of electrical power by the end of 2022, according to Russian Deputy Energy Minister Pavel Snikkars. During a crypto conference organized by the business news portal RBC, the government official recalled that last year’s figure was around 1%.

Crypto News #8 – Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill

Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market.

Crypto News 9 Dec #9 – Spain’s central bank to experiment with wholesale CBDCs

The Bank of Spain said the study can help determine to what extent it can adapt to the “needs and demands of an increasingly digital society.”

Spain’s central bank, the Bank of Spain (BDE), said it intends to launch an experimental program to begin testing wholesale central bank digital currencies (CDBCs) and is seeking collaboration proposals from local finance and technology institutions.

Crypto News #10 – Telegram to allow no-sim accounts via anon-blockchain-numbers

Telegram has increased its security features by enabling support from anonymous blockchain-based numbers that go for around $16.

Crypto News 9 Dec #11 – US regulator to seek feedback on DeFi’s impact on financial crime

US regulator to seek feedback on DeFi’s impact on financial crime. A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.

Crypto News #12 – Centralized Crypto Exchange Bybit Integrates Decentralized Exchange ApeX Pro Onto Platform

One of the biggest centralized cryptocurrency exchanges, ByBit, recently integrated ApeX Pro into their platform. While most see this move as one to protect the solvency of the company, ByBit says otherwise. As per reports, ByBit has been planning to integrate the decentralized exchange ApeX Pro for several months now.

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