Armin Rezaiean-Asel explained that Coinbase would pause its transactions during the Ethereum Merge to help reflect its success in the systems. Crypto.com said it had committed itself to the rules of the OSC and the CSA to provide its services, which violates cryptocurrency principles.
Over the last week, the Indian Enforcement Directorate (ED) announced it would seize cryptocurrencies from Flipvolt. The agency said it would confiscate USD 46.5 million worth of those digital assets from the Indian branch of Vauld. They would take that action while investigating a money laundering case linking the crypto lender to shady companies.
Twenty-three FinTech and non-bank companies reportedly deposited millions of US dollars in wallets controlled by Yellow Tune Technologies through Flipvolt.
Vauld said that it had followed an ED subpoena to provide documents to investigators. They also explained they froze those funds due to an account belonging to a former client, closed since then.
The company stated it sought legal advice to protect the interests of its clients and all interested parties. They stressed that they had complied with the requirements of the Enforcement Directorate.
Coinbase to Suspend Withdrawals and Deposits of Ether
Besides, Coinbase will suspend the deposits and withdrawals of Ether (ETH) and ERC-20 tokens during the Ethereum Merge in September.
Armin Rezaiean-Asel, the product manager of Coinbase, said the exchange would briefly pause those transactions to handle the migration.
Although users expect the Merge to occur seamlessly, downtime helps reflect the success of the transition on the systems.
Buenos Aires to Have Ethereum Validator Nodes
Likewise, Diego Fernández, the secretary of Innovation and Digital Transformation of Buenos Aires, said the government plans to implement Ethereum validator nodes.
That way, the government of the capital of Argentina might be the first to implement Ethereum nodes by 2023.
Crypto.com Commits Itself to the Rules of Canadian Regulators
The first cryptocurrency exchange committing itself to the rules of the Ontario Securities Commission (OSC) and the Canadian Securities Administration (CSA) is Crypto.com.
The firm said it works with the OSC and the CSA to provide access to a secure and reliable global platform. This exchange platform is among those that many governments force to violate the anonymity principles of cryptocurrencies.
Mercado Libre Launches Its Cryptocurrency in Brazil
Finally, Mercado Libre announced the launch of Mercado Coin, which will become gradually available in Brazil.
Marcos Galperin, the Mercado Libre CEO, said the cryptocurrency would help further democratize financial inclusion.
The executive said the new crypto asset would help purchase various items and trade for the local fiat currency. That proves that the firm is aware of the relevance of incorporating the use of the technology behind cryptocurrencies.
Meanwhile, Bitcoin is trading at around USD 21,430 and has accumulated a 1.3% gain over the last 24 hours. While its daily trading volume is above USD 22.39 billion, its market capitalization is about USD 409.91 billion, according to CoinGecko.
By Alexander Salazar
