Vasil Launch Date; Crypto Tumble; Grayscale-SEC Tussle; Singapore Crypto Restriction; Ava Labs Conspiracy | Crypto

Vasil Launch Date; Crypto Tumble; Grayscale-SEC Tussle; Singapore Crypto Restriction; Ava Labs Conspiracy

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– Cryptos Tumble; Vasil Launch Date; Grayscale-SEC Tussle; Singapore Crypto Restriction; Ava Labs Conspiracy

– Following the announcement of tighter measures to clamp down on inflation by the chairman of the Federal Reserve, Jerome Powell, the crypto market went on a massive sell-off.

– In the three days following the announcement, the price of Bitcoin tanked from $21,804 to a one-month low at $19,600.

– The massive sell-off saw the global crypto market cap fall below the $1 trillion mark for the first time in more than a month.

– In a live-streamed video on Friday, Charles Hoskinson, the founder of and CEO of IOHK provided a new timeline for the deployment of the Vasil hard fork upgrade.

– Hoskinson explained that the Vasil upgrade will take place sometime in September, unless the development takes a major slowdown.

– Grayscale Investments LLC has disclosed that it has been fielding questions from the U.S. Securities and Exchange Commission (SEC) between June and mid-August over the security status of three of the firms crypto products.

– The central bank of Singapore, the Monetary Authority of Singapore (MAS), is considering implementing new regulations that will make it more difficult for retail investors to trade cryptocurrencies.

– Ravi Menon, the managing director of MAS said at a seminar on Monday that retail investors seem to be irrationally oblivious about the risks involved in crypto.

– Emin Gn Sirer, the CEO of Ava Labs has denied the allegations from crypto whistleblower CryptoLeaks that his company paid off Roche Freedman to use litigation against its competitors and deceive the U.S. regulators.

Vasil Launch Date; Crypto Tumble; Grayscale-SEC Tussle; Singapore Crypto Restriction; Ava Labs Conspiracy

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