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• SEC cracks down on crypto influencers for manipulating token prices

  TL;DR Breakdown The SEC is cracking down on crypto influencers who promote scam projects and manipulate token prices on social media platforms. Former SEC chief John Reed Stark warns that these influencers will face prosecution, emphasizing that anti-fraud rules apply to all forms of price manipulation. Social media platforms such as Twitter, Discord, Instagram, and Reddit have become hotspots for fraudulent activities, making it easier for regulators to gather evidence and prosecute wrongdoers. The United States Securities and Exchange Commission (SEC) is intensifying its efforts to hold crypto influencers accountable for promoting fraudulent projects and manipulating token prices through social media channels. Former SEC chief John Reed Stark took to Twitter to warn crypto influencers sternly, indicating that their days of operating without consequences are numbered. Stark highlighted that the same anti-fraud regulations apply to all forms of price manipulation, including crypto securities, exchange-listed securities, and penny stock securities. Attention all crypto promoters who use social media to manipulate the price of crypto-securities: Fail not at your peril. Not only will you eventually get caught, but your prosecution will also…

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• Riot Platforms increases its mining capacity with new purchases

  TL;DR Breakdown Riot Platforms have announced the purchases of new state-of-the-art mining rigs. The company recorded a drop in its share price. Description Riot Platforms, a prominent player in the Bitcoin mining industry, has recently made a significant investment to enhance its operations. The company has acquired 33,280 state-of-the-art Bitcoin mining rigs, procured from leading manufacturer MicroBT. The purchase, valued at $162.9 million, is aimed at bolstering Riot Platforms’ self-mining capacity ahead of Bitcoin’s anticipated halving cycle in … Read more Riot Platforms, a prominent player in the Bitcoin mining industry, has recently made a significant investment to enhance its operations. The company has acquired 33,280 state-of-the-art Bitcoin mining rigs, procured from leading manufacturer MicroBT. The purchase, valued at $162.9 million, is aimed at bolstering Riot Platforms’ self-mining capacity ahead of Bitcoin’s anticipated halving cycle in mid-2024. Riot Platforms splashed $163 million on the miners The new batch of miners, expected to be installed by the first quarter of 2024, will contribute an additional 7.6 exahashes per second (EH/s) to Riot Platforms’ existing mining capacity. Upon full deployment, the company’s…

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• China, Russia, and Brazil discuss BRICS cooperation

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• Nomura’s Laser Digital secures Dubai’s virtual asset license, outpacing Binance in full approval

  TL;DR Breakdown Nomura’s subsidiary, Laser Digital, obtained an operating license from Dubai’s Virtual Asset Regulatory Authority. Laser Digital’s license puts Nomura ahead of Binance in Dubai, highlighting the city’s growing crypto landscape. Dubai attracted over 500 crypto companies in 2023, with regulations and incentives making it a major hub. Description Dubai’s Virtual Asset Regulatory Authority (VARA) has issued a full operating license to Laser Digital Middle East FZE, Nomura’s Dubai-based digital asset subsidiary. This milestone represents the Japanese financial holding firm’s growing ambition in the crypto industry A strategic move in Dubai’s thriving crypto ecosystem Nomura’s entrance into the Dubai crypto landscape through Laser Digital … Read more Dubai’s Virtual Asset Regulatory Authority (VARA) has issued a full operating license to Laser Digital Middle East FZE, Nomura’s Dubai-based digital asset subsidiary. This milestone represents the Japanese financial holding firm’s growing ambition in the crypto industry A strategic move in Dubai’s thriving crypto ecosystem Nomura’s entrance into the Dubai crypto landscape through Laser Digital emphasizes the increasing attention the emirate’s virtual asset ecosystem is garnering on the global stage. Founded in…

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