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As banks close, Lebanon goes crypto, FTX aims to raise $1 billion, Zilliqa launches web3 gaming console

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In Science and Space: To assist prudent regulation of the cryptocurrency industry, Binance has announced the creation of its Global Advisory Board.

Russia’s financial regulators agrees on crypto use for international payments

Changpeng Zhao, CEO of Binance, said the new initiative shows Binance’s dedication to forging positive relationships with regulators around the world and assisting them in their efforts to develop a regulatory framework for the cryptocurrency business.

Russian deputy finance minister Alexei Moiseev claims that the country’s largest bank and the finance ministry have agreed to permit the use of cryptocurrencies in foreign payments.

Meanwhile, young Lebanese people who were already embracing cryptocurrency because of the ongoing financial crisis have fully embraced it. These young folks are driving the crypto revolution while looking for financial respite.

FTX seeking $1B in financing at $32B valuation FTX, a major exchange, is getting ready to hold a budget round to raise $1 billion. The exchange’s value will rise to $32 billion if this occurs. SoftBank, Tiger Global, and Temasek are a few of the investors who agreed to support FTX in this round.

In January 2022, the exchange held a funding round and secured $400 million from investors. To continue his attempts to halt the development of winter conditions, FTX CEO Sam Bankman Fried (SBF) is this time seeking funding help. Zilliqa launches web3 gaming console featuring an in-built miner, crypto wallet, and a Web3 gaming console

In addition to having mining capabilities, the new Web3 game console from Zilliqa (ZIL) has been released. In 2023, the new console is anticipated to be introduced. Additionally, it will endeavour to attract new players to the blockchain gaming sector. The beta testing period for the console will begin in October 2022. The console will go on pre-order in the first quarter of 2023.

See also  The value of the dollar is at a 20-year high, which is unfavorable for Bitcoin

India considering GST on crypto transactions amid evaluation of sector’s legality A new taxation scheme for cryptocurrencies is being developed by Indian officials. Regulators in India are now getting ready to impose a goods and services tax (GST) on all cryptocurrency transactions. This may fluctuate between 18% and 18%.

With an overwhelming 81.4% of the vote, the Helium (HNT) community opted to move the wireless network to Solana’s (SOL) layer-1 blockchain. Developers of Helium recommended Solana migration. It would increase adoption and scaleability. The Helium community votes for Solana to migrate, and scores a new T-Mobile partnership

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