Top Exchange Settles With US SEC For $1.5M | Key Points | Sept. 13, 2024
GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s daily recap: an international exchange is settling with the U.S. regulator.
Here are the latest crypto news stories in the last 24 hours.
Table of Contents
Market Analysis and Updates 📈
Here are the crypto highlights of the day:
Crypto Price Update
- Bitcoin (BTC): $57,913.52, up 0.5% over the last 24 hours.
- Ethereum (ETH): $2,353.16, down 0.1% over the last 24 hours.
- Solana (SOL): $134.66, up 0.5% vs the previous day.
Trending Coins Update
- Big Time: $0.1134, up 41.3% vs the previous day.
- STO: $0.0034, up 23.1% over the last 24 hours.
- Sui: $1.03, up 3.1% vs the previous day.
For the daily price update, check out our post on Facebook.
🎮8 Days To Go: Blockchain Game Alliance Survey
🌐 The Blockchain Game Alliance (BGA) has launched its 2024 State of the Industry Survey! Your insights can shape the future of web3 gaming: https://bit.ly/bgasurvey24
Feature News: eToro Reaches $1.5M Settlement with US SEC, Limits Crypto Trading
eToro agreed to pay $1.5 million to settle U.S. SEC charges for operating as an unregistered broker and facilitating trades of certain crypto assets classified as securities.
- Limited crypto trading: Moving forward, U.S. customers can only trade bitcoin, bitcoin cash, and ether on eToro’s platform.
- Impact: The restriction affects roughly 3% of customers’ crypto holdings, according to eToro.
Philippine SEC warning: The Philippine SEC has previously issued a warning against eToro for operating without the required licenses in the country, urging investors to avoid the platform.
eToro emphasized that U.S. users will experience minimal disruption and no action is needed for assets that can be transferred to the eToro wallet.
Context: The U.S. SEC has ramped up enforcement actions against crypto firms, with similar cases involving Ripple, Coinbase, and Binance.
What’s next: eToro said it plans to resume broader crypto trading once regulatory clarity is achieved in the U.S.
Philippine Crypto News 🇵🇭
- ICP Hub PH goes to Manuel S. Enverga University Foundation in Quezon Province for the iThink Code Camp by DEVCON PH.
- BitPinas article: The Philippines Science High School (PSHS) launched Pisay-DigiCert, a blockchain-powered platform for managing and sharing student records.
- Coins.ph listed $NEIRO.
Noteworthy 🌟
Key updates and announcements from around the crypto and blockchain world:
- Ethereum co-founder Vitalik Buterin announced that starting next year, he will only discuss Layer 2 roll ups that achieve “stage 1+” decentralization.
- Bitget Wallet surpassed 12 million monthly active users, becoming the most downloaded Web3 wallet in August 2024.
- India led global cryptocurrency adoption for the second consecutive year, according to a report by Chainalysis.
Educational Corner 🎓
- With the recent listing of $CELO on the locally-licensed crypto exchange PDAX and on GCrypto, the crypto trading feature of fintech giant GCash, explore how the Celo blockchain is delivering web3 solutions to the Philippines.
- Webcast Recap: How Celo is Bringing Real-World Web3 Adoption to the Philippines
Regulation Watch 📜
Stay informed about the latest regulatory updates and what they mean for you:
- The CFTC’s Office of Customer Outreach and Education partnered with various organizations to combat crypto “pig butchering” scams.
- The UK introduced a bill recognizing digital assets like cryptocurrencies and NFTs as personal property, providing legal clarity and protection against fraud.
- Hong Kong may involve the Securities and Futures Commission (SFC) in regulating OTC crypto services, alongside the Customs and Excise Department, following the JPEX scandal.
Community Spotlight 🔦
Meet Rafael Padilla: He is a key figure in web3 and blockchain space in the Philippines, recognized for his work on the legal and regulatory aspects of decentralized finance (DeFi).
- He is actively engaged in discussions about digital asset regulations in the Philippines.
- He is the co-founder and a trustee of BlockDevs Asia, which focuses on blockchain development and education.
- He is also a Professor of Law at San Beda Alabang.
- Padilla is also a contributor to BitPinas offering articles discussing web3 in the legal side of things.
- He also appears in the BitPinas webcast, his last guesting was on the webcast 46: Implication of Binance Ban in the Philippines.
More Web3 and AI News 💡
Discover the latest in web3 and AI innovation.
- Vega Protocol‘s community voted to shut down its Layer 1 blockchain due to a lack of traction.
- Wingbits raised $3.5M for its flight-tracking protocol on Solana, rewarding users for data quality.
- Chappyz V3 launched as an AI-powered platform for web3 projects, enabling automated community engagement campaigns and advanced analytics on platforms like Telegram and Discord.
Web3 Gaming Section 🎮
The future of web3 is gaming, and here are the latest news.
- Star Atlas launched the Crew Cards utility in SAGE Labs, allowing players to increase crafting efficiency by adding specialized crew members to their fleets.
- Nytro Lab raised $8 million to accelerate the development of Castile, a blockchain roguelike RPG with a “Play and Trade” model, currently in beta on the Aptos blockchain.
- Axie Infinity: Origins Season 10 entered the Epic Era, offering players a 24,000 AXS prize pool, Gauntlet Mode rewards, and special collectible chest prizes.
Event Announcements 📅
Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space!
- Web3ÂI: September 14, 2024
- Scarletbox x Atsbury: Night of Arts and Chats: September 19, 2024
- Blockchain Campus Conference 2024: October 10, 2024
Stay Connected:
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This article is published on BitPinas: Top Exchange Settles With US SEC For $1.5M | Key Points | Sept. 13, 2024
