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For example, Binance founder Changpeng Zhao has been released after serving a sentence for regulatory violations. Although he is stepping away from Binance’s executive management, his influence on the crypto market remains undeniable. Meanwhile, PayPal expands its services to allow American merchants to operate with cryptocurrencies, while in Peru, Nemo Latam inaugurates the first physical Cryptocurrency store.
The nightmare ends: CZ is released from US custody
After serving a 2-month prison sentence, for regulatory violations, at a correctional facility in California and then 2 months at a halfway house in Long Beach, Changpeng Zhao (CZ) was released on September 27, 2024, two days before the scheduled date.
Recall that, CZ pleaded guilty in November to federal charges for failing to implement adequate AML controls on Binance. He also resigned as CEO of Binance.
However, while the release of CZ has garnered attention, it does not mean a return to the top for Binance. But, as a majority shareholder, owning 90% of the exchange’s shares, it remains an essential player. However, this release would constitute a new chapter for CZ, with initiatives outside of Binance, such as the Giggle Academy, an educational project aimed at disadvantaged populations.
GameStop customer hits crypto jackpot
A $30 pack of trading cards became a crypto treasure when one lucky GameStop customer, after his 12th purchase, discovered a Bitcoin hidden inside, valued at more than $63,000.
In fact, the winning card was hidden inside a first edition pack of Cardsmiths Coin Trading Cards, which I had bought at the game store.
Interestingly, it took the Bitcoin winner a while to realize his good fortune. It took him “a while” after purchasing the pack before he scratched the card to reveal the reward, saying that the deck “looked better in the album” and that “this baffles me, honestly.”
PayPal expands the use of cryptocurrencies to businesses
In an announcement, payments giant PayPal revealed that PayPal merchant accounts now have the ability to buy, sell, and trade cryptocurrencies directly from their PayPal accounts.
By the way, the new functionality will be available throughout the United States to all US merchants, except those in New York.
In this regard, Jose Fernandez da Ponte, senior vice president of Blockchain, cryptocurrencies and digital currencies at PayPal, had this to say about the new feature: “Business owners have increasingly expressed their desire to have the same cryptocurrency capabilities available to them. the consumers. “We are excited to meet that demand by offering this new option, allowing them to interact with digital currencies effortlessly.”
The United States charges Russian citizens with cyber money laundering
The United States Department of Justice (DoJ) has announced charges against two Russian nationals, Sergey Ivanov and Timur Shakhmametov, for operating money laundering services that facilitated multi-million dollar transactions for cybercriminal groups, including those responsible for ransomware.
- Ivanov. He is accused of processing more than $1.15 billion in transactions over 11 years, supporting websites such as Rescator and Joker’s Stash, which were dedicated to the illegal sale of credit and debit card data.
- Shakhmametov. Known online as “JokerStash” and “Vega”, he was accused of the same crimes as Ivanov, in addition to being identified as the main operator of the Joker’s Stash website, where data on up to 40 million payment cards a year was offered.
By the way, the US State Department has announced rewards of $10 million each for information leading to the arrest of Shakhmametov and Ivanov.
Lima has its first location to buy and sell cryptocurrencies
Cryptocurrencies have gained relevance in Peru, where more and more citizens consider digital assets such as Bitcoin or Ethereum to diversify their investments. As a consequence, the Nemo Latam crypto exchange opens its first physical store in San Isidro, Lima, to facilitate the adoption of cryptocurrencies, with personalized attention and integrated solutions.
In fact, the exchange offers a physical VISA card called “Nemo Card”, which they claim allows users to consume their assets at any business in the Visa network in Peru, as well as withdraw cash at any physical ATM.
I end with this phrase from Jack Dorsey: “I believe that Bitcoin will become the only currency in the world.”
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