This Week in Crypto
December 16, 2022
With only 2 weeks left, arguably one of the most dramatic years in crypto is about to close. In this year’s last coverage of “This Week in Crypto”, we take a look at some of the most important news in the industry that may have missed your eyes.
Binance US Lists MXC
This is another major milestone for MXC! Binance US, one of the most reputable cryptocurrency exchanges, decided on December 12th that MXC is their next token of choice to be offered to their millions of users based in the United States. With trading pairs offered in both USD and USDT, users in the United States can now enjoy increased options when purchasing and trading MXC. To celebrate this achievement, everyone can receive 200 Euros off on their purchase of M2 Pro! Purchase yours today.
FTX’s Sam Bankman-Fried Arrested in Bahamas
Earlier this week, the police force of the Bahamas made an official statement that they have successfully arrested FTX CEO Sam Bankman-Fried (commonly known as SBF) on various financial charges. While SBF applied to be released on bail, the Bahamian court denied his bail request, citing an extremely high risk of fleeing the country. Meanwhile, the United States also pressed charges against SBF. Currently, it is expected that SBF will be detained in the Bahamian correctional facility until February in order to go through the court proceedings. While the future of SBF looks grim, it is still unclear if those affected by the collapse of FTX will be able to have their deposited funds fully returned.
Binance Remains Strong Despite FUD
During FTX-related hearings in the United States, Kevin O’Leary — a famous Canadian businessman and a former spokesperson for FTX — has accused Binance of deliberately crafting the fall of FTX. Meanwhile, the crypto industry was swamped with FUD as a rumor circulated stating that the SEC is looking into pressing charges against Binance. While the price of Binance’s native token, BNB, did fall at the news, Binance was quick to react by releasing an audit of their Proof of Reserve. The released audit was met with skeptical eyes, yet leading cryptocurrency auditing firms have confirmed that Binance has not participated in FTX-like behavior.
Show Me Your Eggs Competition Ends
During the last weeks, all MXC DataDash users were eligible to participate in the “Show Me Your Eggs” competition, in which those who have a matching egg on their DataDash account from the one shown could receive huge prizes such as an Oculus VR headset and other exclusive merchandise. This week, the 5th and final round of the competition has been concluded. We thank all those who have participated.
Merry Christmas and Happy New Year
As we close this year’s final release of This Week in Crypto, we wish all of our readers a Merry Christmas and a happy new year. The MXC team will continue to be active throughout the holidays with exciting updates and news on social media. Make sure to follow us on Twitter and join us on Telegram to not miss out on all the important announcements!
