The biggest news in the cryptosphere for Oct. 10 includes Google’s new partnership with Coinbase to start accepting crypto payments, Bittrex’s $30 million fine for violating federal sanctions, and the SEC’s rejection of WisdomTree’s Spot Bitcoin ETF for not having enough surveillance.
CryptoSlate Top Stories
Google to integrate crypto payments with cloud services from 2023 via Coinbase partnership
Google and Coinbase are collaborating to launch a crypto payments solution. Upon the announcement, COIN shares recorded a spike of 6%.
The duo will allow Google cloud services users to pay via cryptocurrencies supported in Coinbase. Google will also store its crypto holdings using Coinbase Prime.
Bittrex to pay $30M for sanctions violation
Crypto exchange platform Bittrex was fined $30 million by the U.S. Treasury Department’s Office of Foreign Assets (OFAC) and the Financial Crimes Enforcement Network (FinCEN) for violating federal sanctions.
Bittrex allowed around 1,800 individuals from sanctioned regions like Iran, Crimea, and Syria to conduct crypto transactions on its platform between 2014 and early 2017. The exchange agreed to pay the fine and make necessary adjustments to comply with the sanctions.
SEC rejects WisdomTree’s Spot Bitcoin ETF
The U.S. Securities and Exchange Commission (SEC) rejected the Wisdom Tree Bitcoin (BTC) Trust ETF for not offering a valid measure that could protect investors against market manipulation.
The SEC said that given the highly unregulated nature of the crypto market, the surveillance was crucial before approving any spot Bitcoin-ETF.
Temple DAO hacked for over $2.3M
Temple DAO was hacked on Oct. 11 and lost 1,831 Ethereum (ETH), equating to over $2.3 million. The project team offered a bounty on the hacker’s head and shut down the dApp to prevent accidental usage.
#PeckShieldAlert Seems like @templedao got exploited. The exploiter funded from SimpleSwap and already transferred 1,831 $ETH (~$2.34M) to a new address 0x2B63d…B5A0 @peckshield https://t.co/bOyOARyyxY pic.twitter.com/SVEm8o95U6
— PeckShieldAlert (@PeckShieldAlert) October 11, 2022
Coffeezilla calls out Celsius founder Alex Mashinsky for dumping CEL tokens
Crypto sleuth Coffeezilla blamed Celsius (CEL) founder Alex Mashinsky for allegedly dumping over 10,000 CEL tokens during the early hours of Oct. 11.
Coffeezilla published his accusations on his Twitter account as a thread. Mashinsky’s wallet address was later identified by Nansen, which revealed…
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