FAMEEX Afternoon Crypto News Recap | March 3, 2023

US Senators Probe Crypto Exchange Binance About Potentially Illegal Business Practices
https://www.fameex.com/en-AU/news/crypto-trending-news-2023030303
Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.”

Japanese firms to collaborate on a Metaverse Economic Zone project powered by gaming
Several Japanese firms have entered into a preliminary agreement to work on creating the “Japan Metaverse Economic Zone” as part of its bid to improve the country’s digital economy.

Bitcoin miner Riot reports rising output, triples hashrate in 2022
Bitcoin miner Riot reported $259.2 million in revenue for the year ending in December 2022. Riot also tripled its hashrate capacity, the firm said.

Congressional Republicans aren’t happy with an SEC effort to rein in crypto platforms
An SEC bulletin would require companies to record customers' cryptocurrency holdings as liabilities on their balance sheets. Some Republicans are pushing back.

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