US Treasury Asks Regulators to TakeMore Action Against Crypto Scams

Welcome to today's edition of the news. In today's headlines, we see a US regulator taking action against crypto scams, the Ethereum crypto plunging after SEC chair says The Merge could make it a security, and a British financial watchdog warning against dealing with crypto exchange FTX. Let's take a closer look at each of these stories.

• The US Treasury is asking regulators to take more action against crypto scams.
• Ethereum Plunges After SEC Chair Says ‘The Merge’ Could Make Crypto a Security: The US Securities and Exchange Commission (SEC) chairman said on Monday that the recent ‘the merge’ between the Ethereum and Ethereum Classic blockchains could potentially make Ethereum a security.
• Britain's financial watchdog says FTX may be operating in UK without authorisation: The UK's Financial Conduct Authority (FCA) has warned that crypto exchange FTX may be operating in the country without authorisation.
• Bitcoin falls below $19000 as cryptos creak under rate hike risk: Bitcoin and other cryptocurrencies fell on Monday after US Treasury yields surged on expectations of more inflation and higher interest rates.
• Hunkering down for a new phase in the inflation fight: Analysts say the market is underestimating how much the Fed will have to tighten monetary policy to keep inflation in check.
• South Korea asks Interpol to prevent Terra founder from fleeing extradition: South Korea has asked Interpol to issue a Red Notice for the founder of cryptocurrency firm Terra, who is wanted for fraud and embezzlement.
• Financial watchdog warns UK to be wary of dealing with Sam Bankman-Fried's crypto exchange FTX: The UK's financial watchdog has warned investors to be wary of dealing with Sam Bankman-Fried's crypto exchange FTX.
• Do banks and NFTs have a future together?: The rise of non-fungible tokens (NFTs) has led to a debate about whether banks and NFTs can coexist.
• US stocks continue sell-off as traders brace for more Fed rate hikes later this week: US stocks continued to fall on Monday as traders braced for more interest rate hikes from the Federal Reserve later this week.
• Here's how economies around the world are reacting to China's economic slowdown.: The economic slowdown in China is having ripple effects around the world, with some economies feeling the effects more than others.
• Crypto Crash: Bitcoin Fell Below 6%, Ethereum Down 10%: Bitcoin and Ethereum prices fell sharply on Monday, with Bitcoin dropping below $19,000 and Ethereum falling 10%.
• Why Ethereum is Dropping After the Merge: Ethereum prices have been falling since the merge of the Ethereum and Ethereum Classic blockchains.
• Pentagon orders review of psyops after takedown of fake social accounts: The Pentagon has ordered a review of its psychological operations (psyops) after the discovery of fake social media accounts that were used to influence public opinion.
• 10 Monday AM Reads: A list of 10 interesting articles to read on Monday morning.
• Transcript: Albert Wenger: A transcript of a conversation with Albert Wenger, a partner at Union Square Ventures.
• Pan-African crypto exchange Yellow Card raised a $40M Series B led by Polychain Capital, following a $15M Series A in September 2021 (Brandy Betz/CoinDesk): Pan-African crypto exchange Yellow Card has raised a $40 million Series B led by Polychain Capital.
• Chinese Crypto Tycoon-Backed Bitdeer Buys Asia's 'Fort Knox': Chinese crypto tycoon Jihan Wu's Bitdeer has bought Asia's 'Fort Knox', a $30 million data center in Singapore.
• The Merge Was a Success. Crypto Still Has Problems: The recent merge of the Ethereum and Ethereum Classic blockchains was a success, but Ethereum still has some problems.
• Who Are the Sleuths Protecting Your Crypto From Hacks?: There are a number of sleuths who are trying to protect your crypto from hacks.
• Biden Says US Would Defend Taiwan (Podcast): In a podcast interview, US President Joe Biden said that the US would defend Taiwan if it was attacked by China.
• Powell Inflation Whisperer: Volcker...: Fed Chairman Jerome Powell is the inflation whisperer, according to an article in The Wall Street Journal.
• Warnings Signs Multiply Ahead of Pivotal Fed Meeting...: There are a number of warning signs that are pointing to a possible interest rate hike by the Federal Reserve at its meeting later this week.
• Dragonfly: Dragonfly is a new malware that is targeting crypto exchanges.
• Why Bitcoin, Ethereum Are Leading Stock Markets Lower: Bitcoin and Ethereum prices are leading the stock markets lower.
• Why ChainLink, Polkadot, and XRP Are Getting Eaten by the Bears Today: ChainLink, Polkadot, and XRP prices are all down today.
• Celsius Sinks Again as Company Files Motion to Sell Stablecoin Assets: Celsius Network is sinki