Square Site Map
Guess what..
I found a new gem, it’s similar to $MATIC it’s a new layer 2 blockchain.
This project just came out a few days ago and this is the next #polygon.
It’s extremely low at 2.5m market cap.
I made insane gains with $KAS, $DIONE, $ATOR, $HILO, $PAAL, $RVF, $QUBIC, $DNX & $CLORE and i’m definitely not missing this new gem.
How to get rich with #crypto?
Well, you just have to be extremely early on #altcoins.
It’s as simple as that.
& please, avoid #bitcoin & $ETH if your goal is to get rich.
You will get a 3-5x MAX with these.
Last bullrun, my followers made alot of money, i will do it again this cycle.
Many people will regret not following me. SEC Charges Kraken For Unregistered Securities Operations
The Securities and Exchange Commission (SEC) has made headlines by charging Payward Inc. and Payward Ventures Inc., collectively known as Kraken, for purportedly operating as an unregistered securities exchange, broker, dealer, and clearing agency. This move by the SEC, under the purview of the 1934 Securities Exchange Act, alleges violations and seeks remedies that include injunctions, disgorgement of gains with interest, and penalties.
The SEC’s complaint contends that since September 2018, Kraken has been unlawfully facilitating the buying and selling of crypto asset securities, resulting in substantial profits. It accuses Kraken of intertwining multiple traditional financial services without the necessary registration, thereby depriving investors of essential protections mandated by law, such as SEC inspection, recordkeeping requirements, and safeguards against conflicts of interest.
According to the complaint, Kraken’s alleged failure to register these functions has led to severe risks for its customers. The SEC claims that the company commingled customer funds with its own and mingled customer crypto assets with its holdings, leading to potential risks of financial loss for its clientele.
Director of the SEC’s Division of Enforcement, Gurbir S. Grewal, emphasized, “Kraken’s choice of unlawful profits over investor protection is one we see far too often in this space.” The SEC’s legal action seeks injunctive relief, conduct-based injunctions, disgorgement of ill-gotten gains plus interest, and penalties.
In response, Dave Ripley, CEO of Kraken, vehemently opposed the SEC’s claims via Twitter, stating, “We strongly disagree with the SEC claims, stand firm in our view that we do not list securities, and plan to vigorously defend our position.” Ripley highlighted the lack of a clear path to registration and criticized the SEC’s approach as factually incorrect, contrary to law, and inadequate for creating policy in the United States.
Kraken’s stance, supported by the crypto industry’s desire for regulatory clarity, advocates for congressional action to address the existing lack of regulatory frameworks in the United States. The company asserts its commitment to standing against the SEC’s allegations and defending the industry’s right to operate within the country.
The dispute between Kraken and the SEC not only underscores the complexities surrounding regulatory oversight in the burgeoning crypto space but also raises fundamental questions about the legal boundaries and obligations of crypto platforms operating in the US.
#ContentStar# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #MyFancyCreator# #HotTopicDiscussion# #ContentStar##HotTopicDiscussion##Gate post Highlights##HotColumn##StarGrowthProgram#Weekend Trading Volume Surges in Possible Friend.tech Exodus
Over the weekend, the total trading volume on Friend.tech exceeded $10 million, the highest for several weeks.
However, industry analyst Colin Wu said, “This may be exit behavior.”
Ethereum is being withdrawn from the platform as keys are being redeemed at a faster rate than they are being minted, according to Dune Analytics.
Friend.tech ETH Exodus
More than 5,000 ETH was withdrawn from the platform in the two days over the weekend. It is the largest withdrawal since October 24, when 4,380 ETH was taken off in a single day.
Moreover, Friend.tech total value locked fell 21% over the weekend to 17,100 ETH, or $33.6 million.Since its peak of around $50 million in early October, Friend.tech TVL has tanked by around 34%.
Additionally, there has been virtually no increase in the number of new users since late October. According to Dune, the platform has a total cumulative user figure of 839,190, but activity has fallen back overall.
Moreover, the platform has been plagued with scams as malicious actors target its users through phishing and SIM-swap attacks.
Over the weekend, the team reported that they had identified and removed 600,000 accounts identified as bots. However, it appears that genuine users have also been locked out. 
