Pocket News

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Welcome to Clutch’s weekly Pocket News. 👛 This week in Crypto News, former Celsius CEO Alex Mashinsky shamelessly withdraws CEL 😐, Binance gets hacked🔓, and Coinbase partners with Google Cloud☁️. In Clutch News, we have a getaway to Art Basel Miami Beach for one lucky NFT holder. More details on that next week! In Community Updates, Women of Mystery is minting now, and we have an upcoming Twitter Space with MyBFF on Exploring Web3 Entrepreneurship.

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Celsius CEO withdraws CEL😐, Binance gets hacked🔓, Coinbase and Google Cloud team up 👭

Celsius CEO withdraws CEL😐, Binance gets hacked🔓, Coinbase and Google Cloud team up 👭


We got you, fam! More information dropping next week!

Crypto News

Former Celsius CEO withdrew $1 million after Celsius suspended customer withdrawals.

The former Celsius CEO Alex Mashinsky has been moving Celsius out of his wallet while withdrawals are still suspended for customers. Since October, almost $1 million in CEL has been sent from Mashinsky’s wallet. This news comes after Mashinsky was exposed for withdrawing $10 million before Celsius froze accounts and court documents were released revealing the personal information of thousands of Celsius customers, including names and financial transactions. Celsius filed for Chapter 11 bankruptcy on July 13.

Binance hack results in a $100 million loss.

Binance suspended deposits and withdrawals for a $568 million hack. Validators on the blockchain were able to lock down the chain before $468 million of BNB left the ecosystem. CEO Changpeng Zhao tweeted that the source of the hack was on the cross-chain bridge, BSC Token Hub. 

Google Cloud partners with Coinbase.

Google Cloud announced Tuesday they will be accepting payments in cryptocurrency early next year. This partnership includes Coinbase using Google as their cloud provider and expanding the cryptocurrency market’s global reach. 

Bittrex fined $29 million by the U.S Treasury Department

The cryptocurrency exchange was fined $29 million, according to an announcement by the Treasury Department. The announcement stated, “Bittrex failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its platform to engage in approximately $263,451,600.13 worth of virtual currency-related transactions between March 2014 and December 2017.” The Treasury Department considers these locations sanctioned jurisdictions. 

Markets, wyd?

Bitcoin(BTC) is down 4.79%, and Ethereum (ETH) is down 4.77%. Bitcoin hit a low of $18,929.81, while Ethereum hit a low of $1,273.71. The following economic events could be factors in why the market is down:

Oct. 12: Federal Open Market Committee (FOMC) minutes
Oct. 12: Consumer Price Index (CPI) report
Oct. 17: Q3 earnings season begins
Oct. 28: Personal Consumption Expenditures (PCE) price index

Community Update

Women of Mystery Mint LIVE

Women of Mystery is minting now! The NFT access pass gives you a seat at the table in our Web3-powered inclusive writers room, where you will help create – and own – the next generation of beloved IP. The 7-week program features instructors and speakers who have worked on shows like Umbrella Academy, House of the Dragon, Carnival Row, Stoner Cats, and more. Check out their Mint here!

Upcoming Events

MyBFF Twitter Spaces: Exploring Web3 Entrepreneurship

Date: Tuesday, October 18

Time: 4:00-5:00 pm ET 



Check it out here!

Written By

Nargiza Schmidt