Holpop News

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against the founder of the HEX project, Richard Hart.

The SEC said he raised more than $1 billion by selling unregistered securities in the form of HEX, PLS and PSLX tokens.

Specifically, the regulator explains that Hart embezzled the funds and spent them on luxury goods rather than developing his projects.

By the way, Hart’s projects were indeed often criticized from the community because of the misuse of funds.

The community has accepted the proposal to transition Celo to Ethereum.
This change is intended to simplify the exchange of liquidity between Celo and Ethereum, as well as improve security and make it easier for developers.

Celo was previously a standalone blockchain, but will now become a second layer solution for Ethereum.

Tether has released its second quarter 2023 audit firm BDO’s report.

According to the publication, the company’s excess reserves increased by approximately $850 million to reach the $3.3 billion mark.

In turn, operating income exceeded $1 billion, up 30% from the previous quarter.

Tether’s total assets amounted to $86.5 billion and liabilities totaled $83.2 billion.

The Securities and Exchange Commission of Nigeria (SEC) has said that Binance and other cryptocurrency trading platforms are operating illegally in the country.

The regulator had previously accused Binance Nigeria Ltd of illegal activities, but it turned out that the firm had nothing to do with the Binance family of companies.

Now, in its statement, the SEC has specifically mentioned the exchange’s website.

The regulator has also ordered all cryptocurrency service providers to stop soliciting Nigerian investors.

Binance has received an MVP license in Dubai.
The license allows Binance to offer cryptocurrency services to institutional and qualified retail investors.

The company said it was the first exchange in the world to receive this type of registration.

Before suing Coinbase, the U.S. Securities and Exchange Commission (SEC) asked the company to stop trading all cryptocurrencies. This was announced by Coinbase CEO Brian Armstrong.

If Coinbase agreed, it could set a precedent that would give the SEC sole authority over the digital asset market.

The SEC denies making such a request to the exchange.

Before suing Coinbase, the U.S. Securities and Exchange Commission (SEC) asked the company to stop trading all cryptocurrencies. This was announced by Coinbase CEO Brian Armstrong.

If Coinbase agreed, it could set a precedent that would give the SEC sole authority over the digital asset market.

The SEC denies making such a request to the exchange.

Curve Finance has been exploited due to a bug in the Vyper programming language.

Vyper developers said that vulnerabilities were found in three versions of the language and 460 different contracts are at risk.

Attackers are now gradually siphoning liquidity from Curve pools and other projects.
Losses are estimated at over $50 million.
Alchemix, JPEGd, MetronomeDAO, Debridge, Ellipsisfi and Curve have been hit hardest.
Matrixport and Bitdeer creator Jihan Wu said he started buying the bottom out on CRV and called Curve Finance a critical infrastructure project.

The co-founder of market maker Wintermute Trading, Yoann Turpin, said he plans to move from London to Singapore.

The official move will take place in a few months. Along with him, about 85 other employees will leave London.

Terpin said the company is now much more focused on growth in Asia. He also added that Wintermute has plans to launch in Dubai.

Wintermute is the largest market maker in the digital asset market. The company’s trading volume was valued at $1.5 trillion in 2021.