Financial pyramid "Finico" attracted over $ 2 billion

The financial pyramid "Finico" has collected over $ 2 billion in bitcoin and ERC-20 tokens from its investors. At the same time, at least $ 500 million remained in the hands of the founders. This was stated by a group of analysts who wished to remain anonymous.

The experts noted that Vexel was responsible for the entire technical part of the fraudulent project, including the payment gateway and websites. Finiko used the addresses of its technical partner and personally owned by Marat Sabirov, who in the report is called the "crypto-treasurer" of the entire pyramid.

📈Derivatives DEX dYdX beats out Coinbase's spot markets by volume amid China FUD

Decentralized derivatives exchange dYdX has seen a surge in trade activity as concerns surrounding a renewed Chinese crypto crackdown have circulated this year, with the DEX now processing more volume than Coinbase's spot markets for the first time.

According to CoinGecko, dYdX has facilitated more than $4.3 billion worth of trades in the past 24-hours, beating out Coinbase $3.7 billion in volume by nearly 15%. DYdX founder and former Coinbase employee Antonio Juliano celebrated the milestone in a Sept. 27 tweet.

https://cointelegraph.com/news/derivatives-dex-dydx-beats-out-coinbase-by-volume-amid-china-fud

Inner Mongolia authorities seize over 10,000 mining devices

Authorities in the Chinese province of Inner Mongolia have confiscated 10,100 cryptocurrency mining devices. This is reported by local media.

According to them, the equipment was found on the territory of the state technological park located in the Bayan-Nur urban district. To date, Inner Mongolia has closed 45 mining farms, the report said.

In May, Vice Premier of the State Council of the People's Republic of China Liu He announced the upcoming measures regarding the mining and trading of bitcoin. In the same month, the state news agency Xinhua criticized the mining of cryptocurrencies.

💰Coinbase users can choose to deposit paychecks directly to accounts

In a Monday blog post, Coinbase senior director of product Prakash Hariramani said the exchange would be offering direct deposits for workers who want to use their paychecks to purchase crypto with no transaction fees. Users can set up direct deposits through a supported payroll company on the Coinbase app, or through a company’s human resources department.

https://cointelegraph.com/news/coinbase-users-can-choose-to-deposit-paychecks-directly-to-accounts?utm_source=Telegram&utm_medium=social

❌CoinGecko, CoinMarketCap now blocked by China's internet firewall

CoinGecko and CoinMarketCap are currently both blocked by China's internet firewall, according to tests run by The Block. Search results on Greatfire.org, an online tool for checking sites censored by China's Great Firewall, also show that the two sites are 100% blocked as of press time.

It's not clear when exactly CoinGecko and CoinMarketCap became inaccessible but users started to notice the blockage early Tuesday morning China time.

https://www.theblockcrypto.com/linked/118878/coingecko-coinmarketcap-blocked-china-internet-firewall?utm_source=rss&utm_medium=rss

RMRK (RMRK) Gets Listed on KuCoin! World Premiere!

KuCoin is extremely proud to announce yet another great project coming to our trading platform. RMRK (RMRK) is now available on KuCoin. Supported trading pair is RMRK/USDT.

Deposits Effective Immediately (Supported Network: Statemine)
Trading: 11:00 on September 28, 2021 (UTC)
Withdrawal: 10:00 on September 29, 2021 (UTC)

The trade will be available on Kucoin via the link - https://trade.kucoin.com/RMRK-USDT

Further details: https://www.kucoin.com/news/en-rmrk-gets-listed-on-kucoin-world-premiere

📊32 of the top public companies are positive about crypto. Only 7 are negative.

The Binance NFT Marketplace now supports NFT deposits from the Binance Smart Chain (BSC) and Ethereum (ETH) networks!

Users would not be able to deposit their NFTs if the smart contracts are unapproved. We will continue to update the approved smart contract list, users can visit the listing page or follow @TheBinanceNFT on Twitter for the latest updates.

The Binance NFT Marketplace will also be launching the NFT withdrawal feature soon, so stay tuned for more updates!

#Coinlist

Gods - new project on Coinlist
Registration deadline - October 11, 12:00 UTC time

https://blog.coinlist.co/announcing-the-gods-unchained-gods-token-sale-on-coinlist/

🔥 Bulk and DeXe Network are pleased to announce that $150 000 trading marathon registration is open!

⏰ The competition starts on October 1st at 13:00 UTC & ends on October 29th at 13:00 UTC.

🧾 Detailed rules 👉 dexenetwork.medium.com/dexe-network-anniversary-trading-marathon-705402c3fdb4

🤖 Registration 👉 https://t.co/xRKrSUZkSr?amp=1

📈Bears intend to pin Bitcoin price below $43K until Friday's $700M expiry passes

Bitcoin (BTC) has been trading in a descending pattern since the strong $53,000 rejection that occurred on Sept. 7, and the $3.4 billion futures contracts liquidation along with China's ban on crypto trading appear to have severely impacted traders' morale.

Adding to the negative sentiment, major crypto exchanges like Binance and Huobi halted some services in mainland China, and some of the largest Ethereum mining pools, like Sparkpool and BeePool were forced to shut down completely

https://cointelegraph.com/news/bears-intend-to-pin-bitcoin-price-below-42k-until-friday-s-700m-expiry-passes?utm_source=Telegram&utm_medium=social

💸Republican Madison Cawthorn wonders why the US doesn't use crypto as the new gold standard.
And really, why not?😎

https://twitter.com/RepCawthorn/status/1443687082388594692

Bitcoin is expected to be in green next month
Launch it🚀

✅⚒Iran Lifts Bitcoin Mining Ban, Farms Get Back Online

Iranian bitcoin miners have been given the green light to spin up their rigs back online, Iran International reported. Since the beginning of the summer, mining operations had been at a halt over concerns that the country's power grid wouldn't be able to handle the extreme heat months. Only licensed farms are allowed to come back online.

https://www.nasdaq.com/articles/iran-lifts-bitcoin-mining-ban-farms-get-back-online-2021-10-01

💰Crypto Ransomware skyrocketed over 300% in recent years

Crypto Ransomware payments soaring crossed $400M

Over the past couple of years, we have noted that these categories of attacks have increased, and the illicit actors are asking for cryptocurrencies as ransom amounts. According to the recent report published by Chainalysis, it has been revealed that such attacks have surged by more than 300% over the past year and a half. Notably, such e attacks have shown no signs of slackening since the beginning of this year.

https://cryptonews.net/2053551/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

Greed index has significantly increased since last week💪

❌KuCoin to Ban All Chinese Users by the End of 2021

Cryptocurrency exchange KuCoin has announced on Sunday that all of its users from mainland China have to withdraw funds from the platform until Dec. 31.

https://cryptonews.net/2069433/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared

🙈IMF warns of global risks from unregulated cryptocurrency boom

Greater financial instability, fraud and funding of terrorism likely unless governments toughen supervision, fund says

The blog said: “Given the composition of their reserves, some stablecoins could be subject to runs, with knock-on effects to the financial system. The runs could be driven by investor concerns about the quality of their reserves or the speed at which reserves can be liquidated to meet potential redemptions.”

https://www.theguardian.com/business/2021/oct/01/imf-warns-of-global-risks-from-unregulated-cryptocurrency-boom