Binance focuses on financial cybercrime; CEL tanks after the resignation of Alex Mashinsky from Celsius

alex celsius binance

The biggest news in the cryptosphere for Sept. 27 includes Binance’s new global program that aims to help law enforcement fight cybercrime, FTX’s acquisition of bankrupt Voyager and the resignation of Celsius CEO Alex Mashinsky.

CryptoSlate Top Stories

Binance Launches New Program to Help Law Enforcers Fight Cybercrime

Binance announced the launch of its new Global Law Enforcement Training Program on September 27. The program will assist law enforcement officers worldwide in detecting financial cybercrime and prosecuting criminals.

The program will be led by a select few people with hands-on global experience in financial cybercrime from the Binance research team, which has grown exponentially over the past year.

FTX Wins Bid to Acquire Bankrupt Voyager Assets

Bankrupt cryptocurrency lender Voyager had met with numerous investors, including FTX, who were interested in purchasing the company. On September 27, Voyager announced that FTX had won its bid to acquire the company.

Celsius CEO Alex Mashinsky resigns; CELL tanks

Celsius Network CEO Alex Mashinsky announced his resignation from the company on September 27. Celsius’ native token, CEL, responded to the announcement by tanking 7.5% to hit $1.37.

Celsius Network announced the appointment of Chris Ferraro as Chief Restructuring Officer and Interim CEO immediately following Mashinsky’s resignation announcement.

EPNS turns into Push Protocol as it moves towards a multi-chain future

The Ethereum Push Notification Service (EPNS) has announced that it will be rebranded as “Push Protocol” on September 27. According to the announcement, the push protocol marks the first step of the service to become a multi-chain communication function.

ATOM rises 3% as Cosmos releases new whitepaper

The white paper on the Cosmos (ATOM) update was released on September 27. While the document is in a state of draft, ATOM responded by recording a 3.4% increase to $14.57 at the time of reporting.

The proposal proposes to add interchain security to the Cosmos hub to make it an interchain web. The concept also provides updates to increase the utility and value of ATOM.

Ethereum proof-of-stake client bug caught and patched without incident

Ethereum (ETH) developers discovered a bug with the Besu Ethereum client before it could cause a consensus error in networks. The find was posted to the Hyperledger GitHub repository and it was understood that “no production network had transactions that would cause this failure.”

Polkadot aims for 10x transaction speed in new updates

Polkadot (DOT) announced upcoming improvements to the network, including the asynchronous backing update that will increase transaction speed by at least 10x.

The asynchronous backing update reduces the parachain block time to six seconds, increasing the space of each block by five to ten. The new update will be ready for Kusama deployment by the end of the year.

Stopping California Trouble, Don’t Order Nexo To Offer Customers Earn Interest Product

The California Department of Financial Protection and Innovation tried to deny the order for cryptocurrency lender Nexo. The indictment accuses Nexo of behaving “against interest-bearing cryptocurrency accounts”.

On the other hand, Nexo responded by saying that it will stop onboarding new users from the US for its Earn Interest Product in February 2022.

Use of non-renewable energy in Bitcoin mining is up 13% in 2021

According to the Cambridge Center for Alternative Finance (CCAF), sustainable energy consumption in Bitcoin (BTC) mining has decreased by 13% in 2021 compared to 2020.

The figures show that in 2020 more than 40% of Bitcoin mining was done with renewable energy sources. This percentage dropped to 28.48% in 2021, leading to a 63% increase in greenhouse gas emissions.

DeFi must be regulated ‘carefully and thoughtfully’, says Fed Chair Jerome Powell

Speaking at a roundtable on Sept. 27, US Federal Reserve Chairman Jerome Powell called on lawmakers to take cautious steps in regulating DeFi protocols. He said regulators should be:

“…very careful about how crypto activities are conducted within the legal perimeter.”

He added that central banks will always be the main trust factor behind money, while stablecoins “borrow” trust only from their issuer.

Nexo acquires stake in Summit National Bank to expand US offering

Nexo signed a deal with Summit National Bank that allows Nexo to offer a variety of services in the US, including bank accounts, asset-backed loans, card programs and custody solutions.

Research highlight

Research: Bitcoin on-chain stats suggest bottom is now in

The CryptoSlate research team analyzed several statistics and concluded that the Bitcoin bottom had been reached.

The conclusion was drawn after examining the percentage of Bitcoin addresses in profit, market value to realized value (MVRV) and supply in profit and loss. These statistics were under the CryptoSlate radar and last month they indicated that Bitcoin could have fallen further. However, all three showed signs that Bitcoin hit rock bottom this month.

Crypto Market

Bitcoin (BTC) fell 0.57% in the past 24 hours, reaching $19,030. Ethereum (ETH) also fell 0.26%, reaching $1,321.

Biggest Wins (24h)

Biggest Losers (24h)

get a Side on the crypto market

Join CryptoSlate Edge and get access to our exclusive Discord community, more exclusive content and analysis.

Analysis on the chain

Price snapshots

More context

Join now for $19/month Discover all the benefits

Leave a Reply

Your email address will not be published. Required fields are marked *