South Korea to Allow Offshore Firms to Participate in FX Markets - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
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According Crunchbase data, the firm was backed by 13 investors, including Softbank, Elrond, and Valour. Source: Stoner Cats / TwitterThe company behind Stoner Cats non-fungible tokens (NFTs) has to pay a $1 million fine and destroy all its NFTs per a settlement with the US Securities and Exchange Commission (SEC).According to the Wednesday press release, the SEC charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of cryptoasset securities in the form of NFTs that raised approximately $8 million from investors to finance an animated web series called 'Stoner Cats'.Stoner Cats NFTs launched in 2021 ahead of the same-named series featuring sentient cats of one Ms. Stoner, created by actress Mila Kunis. As reported, Ethereum co-founder Vitalik Buterin was set to be a part of the project, as well as Jane Fonda, Seth McFarlane, Ashton Kutcher, and Chris Rock.However, per the US regulator's announcement,"Without admitting or denying the SEC’s findings, SC2 agreed to a cease-and-desist order and to pay a civil penalty of $1 million. [...] SC2 also agreed to destroy all NFTs in its possession or control and publish notice of the order on its website and social media channels."The project announced the order.Additionally, the order established a "Fair Fund" to return the money investors used to buy these NFTs. Prior to the series release, in July 2021, there was an NFT sale of 10,420 stoner cats for some $800 each, which sold out in 35 minutes.The SEC argued that the company's marketing team - before and after the public sale - promoted the benefits of owning the tokens, including the option to resell them on the secondary market. The SC2 team also emphasized its expertise as Hollywood producers, the participation of celebrities, and its own knowledge of crypto projects, thus leading investors to "expect profits" via a successful web series that could increase the NFTs' resale value.The order further stated that,"SC2 configured the Stoner Cats NFTs to provide SC2 a 2.5 percent royalty for each secondary market transaction in the NFTs and it encouraged individuals to buy and sell the NFTs, leading purchasers to spend more than $20 million in at least 10,000 transactions."Per Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, be it beavers, chinchillas, or any other animal-based NFT, "the economic reality of the offering" defines a security, "not the labels you put on it."Carolyn Welshhans, Associate Director of the SEC’s Home Office, was quoted as saying that Stoner Cats wanted the benefits of selling a security to the public, while ignoring the legal responsibilities that come with it.____Learn more:- Vitalik Buterin Makes Curious Cameo in Kutcher and Kunis’ ‘Krypto’ Video- Ashton Kutcher Invested in Bitcoin Despite Wife’s Advice- SEC Chair Gensler: Crypto Industry Plagued by Misconduct and Legal Challenges- Ripple CEO Advises Crypto Startups to Avoid US, Suggests Jurisdictions with Smart PoliciesItalian Luxury Brand Panerai to Include NFT-Based "Digital Passport" with All Watches South Korea to Allow Offshore Firms to Participate in FX MarketsUntil now, DappRadar exclusively tracked EOS Native dApps. However, with this latest integration, EOS EVM enters the spotlight on the platform. Interested parties can visit the DappRadar EOS EVM Page to explore the currently listed dApps. It’s essential to note that numerous EOS EVM-based projects are yet to be featured, and developers with live projects on EOS EVM are strongly encouraged to submit their creations via the DappRadar submission form. What Is Deflation?

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Over the past two weeks, Hong Kong police have received reports of 11 cases where unsuspecting individuals fell victim to these Binance scam schemes. These incidents have resulted in the unauthorized transfer of virtual assets from their Binance accounts, amounting to a staggering 3.5 million yuan in losses. While proponents of decentralized exchanges champion the benefits of their peer-to-peer systems, DEXs have become a tempting target for cybercriminals. CPO futures expected to trade lower next weekMeanwhile, Bitcoin’s hashrate, in terms of the seven-day SMA, hit a record peak on October 8, 2023. The hashrate soared to 440 EH/s, even with the difficulty scaling a record 57.32 trillion. Terra’s downfall was sparked on May 8 when UST dropped to a $0.985 low following a series of large dumps of UST on Terra’s lending protocol Anchor and stablecoin exchange protocol Curve.

SubQuery simplifies backend operations. SubQuery provides developers with a tailored API, letting them focus on product development and user experience rather than indexing solutions. Bridging art and technology through NFI Malaysian central bank slams Ice and SGX over ringgit futuresWhile proponents of decentralized exchanges champion the benefits of their peer-to-peer systems, DEXs have become a tempting target for cybercriminals. The Daily Chart

For BeInCrypto’s latest crypto market analysis, click here. Klaytn (KLAY) KuCoin: BTC, Crypto Exchange-Apps on Google PlayUltimately, SAGE Labs transactions alone made up about 15% of all activity on the Solana network on October 8. But while SAGE Labs’ transaction tally may indicate a sizable player pool, digging into the data suggests otherwise. The transfer was the second largest transfer by Chiliz in recent times after a similar withdrawal one month ago. As of October 9, the reason for the withdrawals was largely unknown. However, in a follow-up on the matter, Playmaker got information from Arkham Intelligence that some of the CHZ tokens were sent into the Binance exchange.

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