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Hot News

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HAM will soon launch HAM Game World, a Metaverse 2.0 GameFi aggregation platform, to create a Web3.0 game platform that integrates SocialFi, DeFi, DAO, NFT and GameFi, building a free and open Game...
2022-09-26
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Recently, the founder of BIKA had a In-depth One-on-One Conversation on the topic of Increased volatility in the crypto market provides greater opportunities to profit for both long- and short-term...
2022-09-23
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Hero Card, a new PvP gameplay play-to earn card game of the already popular Dream Card game on Binance Smart Chain platform X World Games is coming!With its gaming innovation, crypto game - Dream C...
2022-09-18
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The crypto exchange reportedly stepped in as a potential sponsor after the Champions League dropped Russian state-owned energy firm Gazprom.Cryptocurrency exchange Crypto.com has reportedly dropped...
2022-09-02
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dYdX said on its social platform that due to excessive user participation, the activity of depositing more than $500 to get a $25 bonus has been stopped. Yesterday's news, dYdX announced that it wi...
2022-09-02
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The data on the Tokenview chain shows that the current total holdings of Grayscale is 18.276 billion US dollars, and the trust premium rates of mainstream currencies are as follows: BTC, -32.69% ET...
2022-09-02
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Yuga Labs metaverse project Otherside released a new promotional video on its social platform, and hinted that the project may announce new plans in Q4.
2022-09-02
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The market shows that Ethereum hit $1,600 per piece, up 1.27% on the day.
2022-09-02
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Johnnie Walker, a world-renowned whisky brand, has announced a partnership with NFT marketplace BlockBar and Web3 consultancy Vayner3 to release two new limited-edition "JohnnieWalker Blue Label Gh...
2022-09-02
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According to the official Twitter, Volt Protocol and external auditors completed the economic and technical review of Compound Labs v2.0. It also identified risks common to loan pools, as well as C...
2022-09-02
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Former Binance Labs head Bill Qian has joined Dubai-based cryptocurrency investment firm Cypher Capital as chairman. Qian will oversee the management and operations of Cypher Capital, which he said...
2022-09-02
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According to Reuters, outflow documents show that the U.S. Department of Justice’s anti-money laundering unit in 2020 asked Binance to voluntarily hand over information about Changpeng Zhao and 12 ...
2022-09-02
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According to the tip of Twitter user @SomerEsat retweeted by Yearn core developer banteg, the current updated versions of the Ethereum staking consensus client are as follows, Lighthouse's v3.1.0 v...
2022-09-02
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Blockchain company Stably announced the issuance of its stablecoin USDS on the XRP Ledger (XRPL), and Ripple will provide Stably with the technical support needed to integrate USDS with the XRP Led...
2022-09-02
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At the 2022 World Artificial Intelligence Conference, Qualcomm President and CEO Cristiano Amon's keynote speech pointed to the Metaverse. Ammon believes that the metaverse is the future of the Int...
2022-09-01
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64 Celsius escrow account holders filed petitions in bankruptcy court, asking Celsius to return their funds outside of the proceedings. On Wednesday, the panel petitioned the New York Bankruptcy Co...
2022-09-01
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The NFT series Fresh Fruit by Doja Cat x JBL released by Doja Cat and JBL headphones has been launched on the music NFT platform OneOf. NFT holders will have the opportunity to get front-row seats ...
2022-09-01
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Middle Eastern cryptocurrency exchange Rain Financial has carried out a round of layoffs, although the number of layoffs was not disclosed. Rain Financial said, "We have to adjust future plans to e...
2022-09-01
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Paul Veradittakit, a partner at Pantera Capital, said in his personal blog that now is a good time for well-capitalized crypto companies looking to expand their hiring, and Pantera Capital and its ...
2022-09-01
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Indonesia’s government will launch a crypto exchange by the end of 2022, aiming to protect consumers amid growing interest in digital currencies, said Jerry Sambuaga, Indonesia’s deputy trade minis...
2022-09-01
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According to Dune data, in August, the transaction volume of NFT platforms was US$750 million, down about 9% from the previous month, of which the transaction volume on OpenSea was US$496 million a...
2022-09-01
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According to Tokenview data, Tether has officially frozen 16 USDT addresses since August, with a total amount of 18.98 million USDT.
2022-09-01
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Binance Connect, a payment infrastructure provider backed by Binance, announced a new partnership with crypto wallet SafePal, according to an official Binance announcement. Users in SafePal will be...
2022-09-01
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DAO Decentral Bank, which issued NEAR's native stable currency USN, announced the launch of an incentive plan of 1 million USN to stimulate the development of NEAR and Aurora ecological DeFi. The d...
2022-09-01

SEC dismisses claims against John McAfee, fines accomplice for ICO promo

Issuing time:2022-07-16 22:05

On October 5, 2020, the SEC alleged that McAfee and Watson promoted ICO investments on Twitter without disclosing that they were paid for them.


The United States Securities and Exchange Commission (SEC) obtained the final judgment for an initial coin offering (ICO) promotion scheme against late entrepreneur John McAfee and accomplice Jimmy Gale Watson, Jr., filed on October 5, 2020.


In the original complaint, the SEC alleged that McAfee and Watson promoted ICO investments on Twitter without disclosing that they were paid for them. Watson allegedly assisted McAfee in negotiating promotional deals with ICO issuers and cashing out the crypto payments, among other pump-and-dump charges.


The U.S. District Court for the Southern District of New York found Watson guilty of violating the law and imposed a cumulative fine of $375,934.86. In addition, Watson has been barred from participating in ICO-related issuance, purchase, offer or sale. The litigation states:


“However, that such injunction shall not prevent Watson from purchasing or selling securities for his own personal accounts.”

Providing closure to the impending case, the SEC's claims against McAfee were dismissed after the Commission filed a notice of death for the infamous entrepreneur.


The U.S. Treasury sought input from the public to include in reporting to the president on the possible implications of digital assets on finance and payment infrastructures. Sharing his views on the matter, Nellie Liang, Under Secretary of the Treasury for Domestic Finance stated:


“For consumers, digital assets may present potential benefits, such as faster payments, as well as potential risks, including risks related to frauds and scams.”

Therefore, Liang hopes to gain input from Americans and market participants to understand better the impacts of mainstreaming crypto assets.