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• The White House has released a crypto roadmap in order to prevent the risks associated with the asset.
• The roadmap includes two processes: the first part is an all-inclusive framework for the crypto industry’s development, while the second part is increased enforcement by issuing new guidelines.
• Government agencies will also be developing public awareness programs to educate consumers on the risks associated with cryptocurrencies.

The White House has taken a major step forward in protecting the public from the risks associated with cryptocurrency assets by releasing a comprehensive roadmap. The document has been presented to U.S. President Joe Biden and consists of two major processes for the effective legislative regulation of crypto assets.

The first part of the roadmap is the administration’s “first-ever” all-inclusive framework for the crypto industry’s development, which was released towards the end of last year. This framework was based on reports that were put in order by the President’s executive order on Ensuring Responsible Development of digital assets, which was issued in March 2022. The framework provides a comprehensive set of measures that should be taken in order to ensure the safety and security of all stakeholders in the cryptocurrency space.

The second part of the roadmap is an increase in enforcement by issuing new guidelines. Government agencies, such as the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), are developing and issuing new regulations that are tailored to the crypto space. These regulations will be designed to protect investors and consumers, while at the same time promoting the development of the crypto industry. In addition to this, agencies are also developing public awareness programs in order to educate consumers and investors on the risks associated with cryptocurrencies.

The White House crypto roadmap is an important step in the right direction, as it provides a comprehensive framework for the safe and secure development of the cryptocurrency industry. The roadmap provides a clear and concise path for the legislative regulation of crypto assets, while ensuring that investors and consumers are protected. In addition, the increased enforcement and public awareness programs will help to ensure that the crypto space remains secure and reliable for all involved.

• Annual report from on-chain analytics firm Chainalysis on ransomware attacks reveals that the revenue of ransomware attacks fell by 40.58% in 2022.
• Revenue dropped for cybercriminals is tied to the regulator’s move to push organizations to apply stricter cybersecurity measures.
• Bitcoin’s price is currently hovering above $21,000 in the daily market.

The crypto industry has seen a surge in the number of ransomware attacks and money laundering activities, making it a prime target for financial watchdogs to regulate the sector more tightly. On-chain analytics firm Chainalysis recently published its annual report on the ransomware attack which showed a considerable decrease in the revenue hackers received from victims.

The report highlighted that the total funds from ransomware fell to $456 million in 2022 from $765.6 million that was recorded in 2021. It is believed that the amount could be much higher than the recorded figure as not all addresses linked to the attacks have been identified. It is further believed that the decrease in the revenue is due to the organizations choosing to stand up to the criminals rather than paying them.

In addition to this, regulators have been pushing organizations to implement stricter cybersecurity measures to protect their digital assets. This has contributed to the decline in the revenue of the ransomware attackers.

On the other hand, the market price of Bitcoin is currently hovering above $21,000 in the daily market. This has been an all-time high for the leading cryptocurrency, which has seen a rise in its price since the beginning of the year. It is believed that the rise in the price of Bitcoin is due to the increasing institutional investments in the cryptocurrency market.

Overall, the crypto industry has seen a decrease in the ransomware activities due to the organizations refusing to pay the criminals and the regulators pushing for stricter cybersecurity measures. This has been a positive development for the sector, which is seeing an increasing number of institutional investments. The market price of Bitcoin has also been on the rise, which is a testament to the growing popularity of the leading cryptocurrency.

• Binance will be supporting the Terra Classic (LUNC) network upgrade.
• During the upgrade, deposits and withdrawals will be disabled for LUNC, USTC, and ANC.
• The upgrade may affect transaction fees for LUNC, USTC, and ANC.

Crypto exchange Binance has recently announced that it will be supporting the network upgrade of Terra Classic (LUNC). This upgrade will be taking place on epoch 15,029, and is a result of the LUNC community voting to pass Proposal 11242 which eliminates the re-minting of a portion of the burn tokens. During the three hour upgrade period, Binance will be disabling deposits and withdrawals for USTC, LUNC, and ANC. However, trading of these cryptocurrencies will still be allowed.

Once the upgrade is complete, deposits and withdrawals for LUNC, USTC, and ANC will automatically be re-opened, although Binance will not be making an announcement on this. Users should simply check if their deposits and withdrawals are working again after the upgrade. It is also important to note that the upgrade may affect transaction fees for LUNC, USTC, and ANC. To this end, Binance has stated that it will be reviewing and adjusting the withdrawal fees accordingly.

Overall, it is great to see Binance supporting the network upgrade of Terra Classic (LUNC). This upgrade is a step forward for the LUNC network, and will make the network more secure and efficient. It is also important to note that the upgrade may affect transaction fees, so users should keep an eye out for any changes.

• Voyager Digital had accepted Binance.US’s bid to purchase its assets for over $1 billion, but the Securities and Exchanges Commission (SEC) has now objected to the deal.
• The SEC raised some concerns about the Binance takeover and asked for more clarification on the deal, such as how the crypto exchange planned to compensate the users of Voyager Digital who still have funds stuck on the platform.
• Furthermore, the SEC has asked for clarification about how the crypto exchange will operate once it takes control of Voyager’s assets and what it would do if it is unable to close the deal by the April 18 deadline.

Voyager Digital, a bankrupt crypto lender, had accepted Binance.US’s bid to purchase its assets for over $1 billion, but the Securities and Exchanges Commission (SEC) has now objected to the deal. This had come through after the collapse of FTX, the exchange that was originally accepted to acquire the lender’s assets. A court hearing was scheduled to hold on Thursday, January 5, 2023 to determine the fate of the acquisition.

The SEC raised some concerns about the Binance takeover and asked for more clarification on the deal. Specifically, the SEC wanted to know how the crypto exchange planned to compensate the users of Voyager Digital who still have funds stuck on the platform. The regulatory watchdog also raised objections about the ability of Binance.US to finance an acquisition of this magnitude, and asked for clarification about how the crypto exchange will operate once it takes control of Voyager’s assets.

Furthermore, the SEC has asked for clarification about what the crypto exchange would do if it is unable to close the deal by the April 18 deadline. This is an interesting fact since subject to court approval, Binance.US would actually have to complete the purchase by April 18, four months from now.

The SEC filing of a limited objection motion against the proposed acquisition of Voyager Digital assets by Binance.US has caused some uncertainty in the crypto community, as the fate of the deal is now in limbo. The court will now have to make a decision on the objections raised by the SEC and determine whether the deal should go through or not.

• The US Department of Justice is intervening in the brouhaha between FTX and other parties, seeking to seize Robinhood Markets shares related to Sam Bankman-Fried, who was the founder and former CEO of FTX.
• These shares are valued at around $465 million, and FTX creditors have filed judicial actions to try and recover them.
• Sam Bankman-Fried has pleaded not guilty to allegations of running a “fraud of epic proportions” at FTX, using customer deposits for his own financial gain.

The United States Department of Justice (DOJ) is now stepping in to take control of the situation involving the now-defunct crypto exchange FTX and other parties. The DOJ is now working on a plan to seize Robinhood Markets shares related to Sam Bankman-Fried, who was the founder and former chief executive officer of FTX. These shares in contention are valued at around $465 million.

FTX creditors have launched judicial actions in an attempt to recover the shares. This has prompted the DOJ to intervene in order to determine the rightful owner of the shares. DOJ attorney Seth B. Shapiro stated that a court hearing will be scheduled to decide the disposition of the seized Robinhood shares and bank account assets.

The allegations against Bankman-Fried of cheating consumers and investors have been officially refuted by him. He pleaded not guilty on Tuesday in a New York Federal Court. Sam Bankman-Fried was accused of running a “fraud of epic proportions” at FTX for years, pocketing customer deposits to use for his own financial gain. This included using the funds for his other company, Alameda Research, real estate purchases, and political contributions.

Claims to shares of the stock-trading software have been made by FTX, the cryptocurrency trading platform BlockFi, and liquidators in Antigua. FTX attempted late last month to prevent BlockFi from acquiring control of the Robinhood shares by claiming its creditors had a right to the shares. It remains to be seen who will ultimately be declared the rightful owner of the shares.

The DOJ’s intervention in the matter marks a significant development in the ongoing brouhaha involving FTX and other parties. It is expected that the court hearing will soon be scheduled to decide the fate of the seized Robinhood shares and assets.

• Shiba Inu has seen a rise of 3% during the last 24 hours, but the meme coin is still behind Solana in terms of market cap.
• Shiba Inu has enjoyed an uptrend in the past day, while Solana has declined.
• Solana has seen amazing returns of around 32% in the first five days of the year, despite a slight decline in the past 24 hours.

Shiba Inu and Solana have both had their ups and downs over the past year, but the beginning of 2023 has been kinder to the two cryptos. Shiba Inu has seen a rise of 3% during the last 24 hours, leaving the meme coin with a market capitalization just behind Solana. The coin has enjoyed an uptrend in the past day, while Solana has seen a slight decline in the same time frame.

In terms of returns over the last 30 days, Shiba Inu is still 9% into the red as the recent uptrend hasn’t been enough to erase the poor December performance yet. Solana, on the other hand, has seen amazing returns of around 32% in the first five days of the year, despite the slight decline in the past 24 hours.

The meme coin has been well-received by investors due to its potential to become an Ethereum-killer and the fact that it is based on the popular Dogecoin fork. Despite the positive sentiment, Shiba Inu is still behind Solana in terms of market capitalization and is yet to break the $1 billion market cap barrier. Solana has seen a sharp increase in its value since the beginning of 2021, with its market cap now well above the $10 billion mark.

The recent uptrend in Shiba Inu is likely to continue in the near future, with experts predicting that the coin’s value could reach as high as $0.0003 in the coming weeks. Meanwhile, Solana is also likely to continue its meteoric rise and could easily break the $15 billion market capitalization barrier in the near future.

• The Indonesian Financial sector is undergoing a comprehensive reform that extends to the cryptocurrency industry.
• The Commodity Futures Trading Regulatory Agency (Bappebti) in Indonesia will hand over oversight of crypto assets trading to the Financial Services Authority (FSA).
• The Indonesian cryptocurrency market is constantly growing, with new investors and an increase in the number of exchanges and user base.

The Indonesian Financial sector is undergoing a series of reforms that extend to the cryptocurrency industry. As part of the reform, the Financial Services Authority (FSA) will take over from the Commodity Futures Trading Regulatory Agency (Bappebti) in Indonesia as the regulator of cryptocurrency assets. According to Acting Chairman of Bappebti, Didid Noordiatmoko, the FSA will oversee the regulation of cryptocurrency assets over the next two years.

Bappebti is currently evaluating an additional 151 assets and 10 local coins, while 383 cryptocurrencies and 10 local coins are already being traded in Indonesia. Despite the 2022 bear market, the Indonesian cryptocurrency market is continuing to grow. Data shows that the country recorded 16 million cryptocurrency investors in the first eleven months of 2022, with an additional increase from the 11.2 million at the end of 2021. Additionally, the trading value dropped from 859 trillion rupiahs recorded in 2021 to 300 trillion rupiahs (worth 25.8 billion USD).

Moreover, the number of crypto exchanges and user base in Indonesia has increased rapidly in the last two years. Indodax, a leading crypto exchange, reached 5 million users in the summer of 2022. With the comprehensive reform of the financial sector in the country, it is expected that the Indonesian cryptocurrency market will continue to expand.

• Payment processor Coingate reported that e-commerce shops have received 2.5 million crypto payments between 2014 and 2022.
• 2022 saw a record-breaking 927,294 payments with Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Cardano (ADA), and Binance Coin (BNB).
• Despite a bear market, the trend of crypto payments is poised to extend in the coming years.

The use of cryptocurrency as a payment method is on the rise, regardless of the current market conditions. According to a report from payment processor Coingate, online merchants have seen a surge in crypto payments, with the number of payments more than tripling since 2014.

The report gathered data from 2014 and determined that e-commerce shops have received 2.5 million crypto payments during this period. On average, these online shops see around 312,500 crypto payments per year. However, in 2022, the number of crypto transactions increased by 63%, with 927,294 payments recorded with Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Cardano (ADA), and Binance Coin (BNB).

The growing acceptance of cryptocurrency as a payment method is especially impressive considering the current bear market. Despite the market conditions, crypto payments are still growing, proving that digital assets are becoming a viable payment method for everyday purchases.

The report also noted that Cardano (ADA) and Binance Coin (BNB) were two of the top ten most spent cryptocurrencies, indicating that these two coins are gaining traction as payment methods. This growing acceptance of cryptocurrency as a payment method is expected to continue in the coming years, as more merchants and consumers become comfortable with using digital assets as a currency.

As cryptocurrency becomes more widely accepted, it’s likely that more people will start to use it as a payment option. This could lead to more businesses and consumers adopting crypto as a payment method, and more crypto payments being recorded. With the current trend of crypto payments on the rise, it’s clear that digital assets are becoming an increasingly popular way to pay for goods and services online.