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Do you all want to know about what’s happening in the crypto world today? Let’s dig in! Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. First of all, we have news about Binance. Binance has removed Banco de Venezuela, one of the largest banks in the country, as a payment method on its peer-to-peer (P2P) trading service, in efforts to comply with international financial sanctions. On the other hand, Shibarium, the new layer-2 blockchain launched by the developers of Shiba Inu (SHIB) has reached a new wallet and transaction milestone just hours after relaunching its bridge to the public, and the United States SEC has charged a media and entertainment company with conducting an unregistered securities sale when it sold NFTs in 2021.According to Venezuelan users, Banco de Venezuela has vanished from the P2P payments options this week, following a series of such removals of Russian banks by Binance. The obvious reason behind this step is the 24th August Wall Street Journal report about the exchange’s participation in circumventing international financial sanctions. Next, Banco de Venezuela is one of the largest financial institutions in the country and according to the available stats from the end of the 2000s, it held third spot with over 11% share of the local market. In 2009, it was sold to the state by a private holding company, Grupo Santander, for about $1 billion. The sanctions in response to the repression of the 2014 and 2017 protests were imposed on Venezuelan government officials and affiliated institutions by the United States Treasury Department in 2018 and 2019.As local media reported, private Venezuelan banks, such as Banesco, Banplus, BBVA Provincial and others, remain on the list of Binance’s P2P platform. The recent surge in awareness regarding the inclusion of sanctioned banks on crypto P2P payment options came to light last week when The Wall Street Journal revealed that Tinkoff Bank and Sberbank were featured as transfer methods on Binance. On the same day, Tinkoff and Sberbank were no longer visible on the Binance P2P platform, although the options colored “yellow” and “green,” representative of their respective brand colors, remained. On 25th August, journalists confirmed that the sanctioned banks had been entirely removed from the list, citing a spokesperson from Binance.On 28th August, two other major crypto exchanges, OKX and Bybit, followed Binance by excluding sanctioned Russian banks from their payment options. Next, Shibarium, a new layer-2 blockchain for Shiba Inu has surpassed 100,000 wallets on its platform with 35,000 coming within 24 hours of Shibarium&#39;s relaunch also on 28th August. At the time, Kusama noted that Shibarium tallied 65,000 wallets across 350,000 transactions. However, Shibarium’s block explorer now shows that 101,277 wallets have now facilitated 420,897 transactions across 344,614 blocks, with an average block time of 5 seconds.Shibarium stumbled into issues not long after going live on 16th August. At the time of the outage, Kusama blamed the “MASSIVE influx of transitions and users” when it went live, and later said it found a case where “thousands upon thousands of contract creation and normal transactions” in one block which led it going into fail-safe mode. It is estimated that about $2.5 million in funds were stuck on the bridge at the time. In the days following, the Shibarium team claimed to have scaled the server infrastructure by 1500% to better manage congestion on-chain. So, that&#39;s a wrap for today’s WedNewsDay, we hope you all enjoy the read! Stay tuned for next week’s WedNewsDay and don’t forget to follow our social media accounts. Thank you!Follow us onWebsite | <a href="https://werentnft.io/" rel="noopener noreferrer nofollow">https://werentnft.io/</a>Instagram | <a href="https://www.instagram.com/werent_nft/" rel="noopener noreferrer nofollow">https://www.instagram.com/werent_nft/</a>Twitter |<a href="https://twitter.com/WebuyOfficial" rel="noopener noreferrer nofollow"> </a><a href="https://twitter.com/WerentOfficial" rel="noopener noreferrer nofollow">https://twitter.com/WerentOfficial</a>Medium |<a href="https://medium.com/&#64;webuynft" rel="noopener noreferrer nofollow"> </a><a href="https://medium.com/&#64;werentnft" rel="noopener noreferrer nofollow">https://medium.com/&#64;werentnft</a>Facebook | <a href="https://www.facebook.com/werentnft" rel="noopener noreferrer nofollow">https://www.facebook.com/werentnft</a>Youtube | <a href="https://www.youtube.com/&#64;WeRentNFT" rel="noopener noreferrer nofollow">https://www.youtube.com/&#64;WeRentNFT</a>

WEDNEWSDAY! Here’s what happened in crypto today!

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