Poloniex settles down with SEC, a new digital yuan gift + More News

Source: Adobe / dennizn

Get your daily digest of crypto-asset and blockchain news – by investigating the stories that go under the radar of today’s crypto news.

News from the exchanges

  • Poloniex agreed to pay nearly $ 10.4 million to settle the operating costs of an unregistered online digital asset exchange as part of its operation of a trading platform that facilitated the purchase and sale of digital asset securities, United States Securities Commission (SEC) announced. Without admitting or denying the SEC findings, Poloniex accepted the entry of a cease and desist order and agreed to pay a restitution of $ 8.5 million, pre-judgment interest of $ 403,995 and a civil fine of $ 1.5 million. The ordinance establishes an equitable fund for the benefit of victims, he added.
  • Brian Brooks has resigned as CEO of Binance.US, citing unspecified “differences in strategic direction”. This will have no impact on their customers “in any way”, Binance CEO Changpeng Zhao noted. Brooks was named CEO this spring.


  • A new pilot digital yuan giveaway has been announced in China as the country moves closer and closer to the full deployment of the central bank’s digital currency (CBDC). Per Cebnet, the new gift will be made in collaboration with a major player in the private sector, the e-commerce giant Jindong (a.k.a JD.com). His brains will invite millions of users based in Shanghai and Suzhou to apply to participate in a raffle that will take place this weekend through the JD app. Winners will receive CNY digital tokens to use on the platform from August 16 to 29.

Investment news

  • Banking giant Standard chartercrypto brokerage Guard Zodia plans to offer its services to institutional investors in Ireland, according to Independent.ie. It plans to establish itself in this country before a deeper push into the EU market and is seeking the approval of the Central Bank of Ireland.
  • Indonesian crypto asset platform Pintu Said it has closed an investor-led US $ 35 million Series A + funding round Businesses at the speed of light. The cycle was named Series A + (instead of something like B) because its focus on product development and execution is still the same, they added.

Stablecoins News

  • Attached (USDT) released an insurance report which claims to have total support of $ 62.7 billion, roughly the same as the total market cap of stablecoin. The report was produced by the auditor Moore Cayman on June 30, 2021, and it shows that of the total collateral, $ 30.8 billion is from commercial paper and certificates of deposit, while 10% of the collateral is from cash and bank deposits.

News about adoptions

  • Crypto-fiat hybrid gateway solution Alchemy Pay said the company will launch crypto-linked virtual cards. Cards, which can be linked to digital wallets such as Google pay and Pay Pal, supports over 40 cryptoassets and will be accepted by millions of merchants on the Visa and MasterCard networks, including popular e-commerce platforms such as Amazon and eBay.

Mining news

  • Argo block chain announced a 180% increase in revenue to £ 31.1million (US $ 43.1million) in the first half of 2021, compared to the same period last year. The total bitcoin (BTC) and BTC equivalents mined during this period was around 883 BTC ($ 40.5 million).

The news of non-fungible tokens

  • Auction house Christie’s offers an auction on September 17, titled “No Time Like Present,” featuring the first non-fungible token (NFT) sale in Asia offered by an international auction house. The sale will feature artwork from various NFT producers, such as a group of rare CryptoPunks created by Larval laboratories, as good as Yuga Labs’ Bored Ape Yacht Club (BAYC) and Larva Labs latest creation, Meebits.

Regulatory news

  • A group of legal professionals launched the Crypto fraud and asset recovery (CFAAR), with the aim of developing and sharing best practices in cryptography and putting the UK and common law jurisdictions at the center of global crypto dispute resolution, they said. The network is looking for global crypto industry professionals to join a community that they believe will regularly host meetings, seminars, panel discussions, conferences and social events to provide opportunities for developing skills, ideas. and global networks.

Career News

  • Israel’s national intelligence agency Mossad posted a job posting for a cryptocurrency expert who has at least three years of experience in the fintech space. The role description states that it includes “leading, initiating, planning and supporting systems development activities”, but there is no clear indication of what else this might entail.

About Stephen Arrington

Check Also

Kate Middleton ignores Queen’s number one rule

The Duchess of Cambridge skipped a key event on the royal calendar this week – …

Leave a Reply

Your email address will not be published.