The U.S. SEC is investigating the Immutable project over the sale of IMX tokens.
Developers of the Immutable gaming blockchain network reported that the company received a notice of investigation from the SEC, in which the agency threatens to take legal action. As with other crypto platforms, the SEC equates the sale of IMX tokens in 2021 to transactions involving unregistered securities, which violate U.S. law.
These notices (known as Wells notices), one of which was received by the Immutable team, warn of potential enforcement actions as part of the investigation into the recipient company's activities.
Previously, similar notices were sent to exchanges like Coinbase, Kraken, and CryptoCom, the NFT marketplace OpenSea, the broker Robinhood, administrators of the decentralized exchange Uniswap, and the developers of the MetaMask crypto walletβConsensys.
The IMX token price reacted to the news with a drop of over 10%.
Developers of the Immutable gaming blockchain network reported that the company received a notice of investigation from the SEC, in which the agency threatens to take legal action. As with other crypto platforms, the SEC equates the sale of IMX tokens in 2021 to transactions involving unregistered securities, which violate U.S. law.
These notices (known as Wells notices), one of which was received by the Immutable team, warn of potential enforcement actions as part of the investigation into the recipient company's activities.
Previously, similar notices were sent to exchanges like Coinbase, Kraken, and CryptoCom, the NFT marketplace OpenSea, the broker Robinhood, administrators of the decentralized exchange Uniswap, and the developers of the MetaMask crypto walletβConsensys.
The IMX token price reacted to the news with a drop of over 10%.
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One of the UK pension funds invested $2,000,000 in Bitcoin β the fund purchased the coins directly rather than investing in instruments like ETFs.
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Forwarded from Crypto Bot News
Weβre launching a campaign for all users:
Closing Date: Nov, 14 at 20:00 UTC.
Join here: t.me/send/app?startapp=campaign-swap
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Tonhub Launches Visa Debit Card for Its Users
Tonhub, a non-custodial wallet for storing and using the TON cryptocurrency, continues to expand the possibilities of Web3!
Users can now apply for a Visa card directly within the app, linked to their TON or USDt balance, and make payments seamlessly via Apple Pay and Google Pay.
At Tonhub, your account isn't just a bank record but a smart contract connected to your wallet on the TON blockchain. You own your funds and manage them directly, elevating your crypto wallet to the level of a neobank.
Key Benefits of the New Card from @tonhub:
βͺοΈ Registration in just a few minutes β quick KYC procedure.
βͺοΈ Minimal fees β only 1.5% per transaction.
βͺοΈ Global payments β all the advantages of a fiat debit card (including SEPA and SWIFT transfers).
The project was realized in collaboration with the Holders platform, specializing in issuing non-custodial cards.
Currently, the service is available only to users with a European ID.
By 2025, there are plans to expand card availability to users in CIS countries, Latin America, and the Middle East, as well as integrate the service with wallets like TrustWallet, TonKeeper, and MyTonWallet.
Try out Tonhub and discover the possibilities of Web3 payments.
Tonhub, a non-custodial wallet for storing and using the TON cryptocurrency, continues to expand the possibilities of Web3!
Users can now apply for a Visa card directly within the app, linked to their TON or USDt balance, and make payments seamlessly via Apple Pay and Google Pay.
At Tonhub, your account isn't just a bank record but a smart contract connected to your wallet on the TON blockchain. You own your funds and manage them directly, elevating your crypto wallet to the level of a neobank.
Key Benefits of the New Card from @tonhub:
βͺοΈ Registration in just a few minutes β quick KYC procedure.
βͺοΈ Minimal fees β only 1.5% per transaction.
βͺοΈ Global payments β all the advantages of a fiat debit card (including SEPA and SWIFT transfers).
The project was realized in collaboration with the Holders platform, specializing in issuing non-custodial cards.
Currently, the service is available only to users with a European ID.
By 2025, there are plans to expand card availability to users in CIS countries, Latin America, and the Middle East, as well as integrate the service with wallets like TrustWallet, TonKeeper, and MyTonWallet.
Try out Tonhub and discover the possibilities of Web3 payments.
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Santiment
Meme coins have undoubtedly brought traders the most profit over the past week: DOGE (+96%), PEPE (+97%), WIF (+67%), and BONK (+67%).
Historically, high social dominance of speculative assets usually signals greed and emotional trading. Be cautious while memes remain the main crypto topic on X, Reddit, Telegram, 4Chan, and BitcoinTalk.
Meme coins have undoubtedly brought traders the most profit over the past week: DOGE (+96%), PEPE (+97%), WIF (+67%), and BONK (+67%).
Historically, high social dominance of speculative assets usually signals greed and emotional trading. Be cautious while memes remain the main crypto topic on X, Reddit, Telegram, 4Chan, and BitcoinTalk.
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Santiment notes a surge in BTC discussions on social media, but it doesn't yet resemble classic FOMO, as there is a significant amount of skepticism regarding further BTC price growth. Additionally, many people are expecting and fearing a correction.
Santiment experts highlight that, with such mixed sentiment, the chances of continued growth remain high.
Santiment experts highlight that, with such mixed sentiment, the chances of continued growth remain high.
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The hack of Bybit for $1.5 billion was carried out by North Korea's Lazarus Group β ZachXBT
The hackers now control over 0.4% of the total supply of #ETH. This is more than the Ethereum Foundation, Fidelity, and Vitalik Buterin combined.
The hackers now control over 0.4% of the total supply of #ETH. This is more than the Ethereum Foundation, Fidelity, and Vitalik Buterin combined.
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IMF Bans El Salvador from Buying and Mining Bitcoin Under Loan Program
βͺοΈThe International Monetary Fund (IMF) has imposed a ban on the voluntary accumulation of Bitcoin by El Salvador's public sector, including purchases and mining. This condition is part of a $1.4 billion extended loan program, according to a technical memorandum published on the IMF website on March 3.
βͺοΈThe ban applies to all hot and cold wallets controlled by state entities, including the Chivo crypto wallet, the National Bitcoin Office, the Rio Lempa Hydroelectric Commission (CEL), and other government-controlled legal entities.
βͺοΈHowever, Bitcoin confiscated or seized by law enforcement agencies is exempt from the ban and may remain under government control.
βͺοΈThe document also states that El Salvador cannot issue debt obligations or tokenized instruments denominated in Bitcoin if they create liabilities for the public sector.
βͺοΈPreviously, as part of an agreement with the IMF, the countryβs authorities amended the Bitcoin law: its use is now strictly voluntary, tax payments are accepted only in U.S. dollars, and government participation in Bitcoin-related projects is restricted.
βͺοΈEl Salvadorβs public Bitcoin wallet holds 6,100 BTC (~$510 million). The government had been regularly purchasing Bitcoin, but new acquisitions may now be prohibited following the IMFβs requirements.
βͺοΈThe International Monetary Fund (IMF) has imposed a ban on the voluntary accumulation of Bitcoin by El Salvador's public sector, including purchases and mining. This condition is part of a $1.4 billion extended loan program, according to a technical memorandum published on the IMF website on March 3.
βͺοΈThe ban applies to all hot and cold wallets controlled by state entities, including the Chivo crypto wallet, the National Bitcoin Office, the Rio Lempa Hydroelectric Commission (CEL), and other government-controlled legal entities.
βͺοΈHowever, Bitcoin confiscated or seized by law enforcement agencies is exempt from the ban and may remain under government control.
βͺοΈThe document also states that El Salvador cannot issue debt obligations or tokenized instruments denominated in Bitcoin if they create liabilities for the public sector.
βͺοΈPreviously, as part of an agreement with the IMF, the countryβs authorities amended the Bitcoin law: its use is now strictly voluntary, tax payments are accepted only in U.S. dollars, and government participation in Bitcoin-related projects is restricted.
βͺοΈEl Salvadorβs public Bitcoin wallet holds 6,100 BTC (~$510 million). The government had been regularly purchasing Bitcoin, but new acquisitions may now be prohibited following the IMFβs requirements.
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