These are the 5 most important news of the week

Another exciting week in the crypto space is coming to an end. The most important events around Bitcoin, Ethereum and Co. A quick glance.

Ethereum 2.0: Merge completed successfully

Ethereum (ETH) completed the merger on September 15th and changed the consensus mechanism from Proof of Work to Proof of Stake – the age of Ethereum 2.0 was ushered in.

You can read all the details in this article: Ethereum is now running on Proof of Stake – all the information about the merger.

Insider trading at Coinbase

The brother of a former Coinbase manager pleaded guilty to insider trading charges in court. This is reported by Reuters news agency.

As of last month, US Attorneys have investigated three people: Coinbase’s former product manager Ishan W., his brother Nihil and a friend, Sameer R. They say they made $1.5 million in insider trading at Coinbase.

Nikhil W. pleaded guilty to insider trading last month. He later changed his confession after making a deal with the police. In court, the 26-year-old said: “I knew that receiving confidential information from Coinbase and making exchanges was wrong.” In addition to a prison sentence, the 26-year-old may also face deportation from the United States. The verdict came in December.

Details in this article: Coinbase’s former manager’s brother pleads guilty

New cryptocurrency exchange launched

The traditional financial world is moving further into the crypto space with a newly founded exchange. According to a press release, Wall Street heavyweights Charles Schwab (SCHW), Citadel Securities and Fidelity Investments (FNF) have announced the launch of their EDX Markets cryptocurrency exchange.

The new venture, which is likely to upset cryptocurrency exchanges such as Binance, Coinbase and Kraken, is backed by venture capitalists such as Sequoia Capital and Paradigm and billionaire financial services firm Virtu Financial.

Read this article: Citadel, Fidelity and Co acquired cryptocurrency exchange

Arrest warrant issued for Do Kwon

A South Korean court has issued an arrest warrant for Terrafrom Labs founder and the brains behind Terra (LUNA) Do Kwon. This was reported by the South Korean newspaper Chosun Ilbo.

Just four months after the collapse of the Terra ecosystem that wiped out $40 billion and took a heavy toll on the entire cryptocurrency market, Do Kwon is now wanted for violating capital market laws.

You can read more information here: Arrest warrant issued against founder of Terra Luna Do Kwon

The trial against Jörg “Faketoshi” Molt has begun

The case involving alleged bitcoin fraudster Jörg Molt has been heard at the District Court of Landshut, just under 70 kilometers from Munich, since last Monday. A total of 20 days of negotiations are scheduled. The accused remained silent at the beginning of the trial.

Upon request, the Bamberg public prosecutor’s office told BTC-ECHO that the exact date for the verdict was still pending.

You can read more in the article: The beginning of the trial against the alleged Bitcoin fraudster Jörg Molt

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