🪙 Crypto and Blockchain News (October 3, 2023):

1️⃣ In a new lawsuit against Do Kwon, the #sec claims that the founder of Terraform Labs conducted fake operations on the Chai platform. This is a serious accusation. 🧐

2️⃣ Chia Network, a blockchain company, has decided to lay off 24 employees out of a total of 70. This decision is likely related to business process optimization and will lead to changes within the company. 🔍

3️⃣ Operators of China's #cbdc (Central Bank Digital Currency) platform have updated the e-CNY payment service, providing new functionality for tourists. They can now top up their digital yuan wallet using online services from global payment systems #visa and MasterCard. This can stimulate the acceptance of digital currencies as a means of payment and increase their demand. 💳💰

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4️⃣ Grayscale Investments announced filing Form 19b-4 with the SEC for the conversion of Grayscale #ethereum Trust (ETHE) into a separate ETF. This event occurred after the SEC approved the first futures-based ETFs on Ethereum. This can lead to greater legitimacy and development of cryptocurrency investments. 🚀

5️⃣ Starting from October 3, Revolut will cease conducting operations with cryptocurrencies in the United States. Users will no longer be able to buy, sell, or store digital assets. You have options: choose another platform or leave the US. 🔄