SEC gives OK to social media platform to issue stablecoin without registering as a security

The letter states the regulatory agency “will not recommend enforcement action” against a platform issuing a digital currency capable of being converted to fiat. The US Securities and Exchange Commission, or SEC, has issued a rare no-action letter in response to a request from a blockchain-backed platform over the issuance of a digital asset. The SEC letter issued on Nov.

Bitcoin Cash-Fueled Onchain Social Media Platform Memo Launches iOS App

Two years ago, an onchain social network called memo.cash was launched and the application has developed quite a bit since then.

Bitcoin bull Jack Dorsey keeps role as Twitter CEO following board review

The crypto-friendly social media platform keeps its pro-Bitcoin CEO. Twitter CEO and major Bitcoin (BTC) bull Jack Dorsey will keep his role at the company, according to a recent decision by a Twitter board committee. As Bloomberg reported on Nov.

This social media platform gives you the option to make your posts undeletable

The CEO of Minds thinks that others will follow suit. Alternative social media platform Minds is now letting users permanently save their content on the Arweave platform, which ensures that nobody can ever delete it once published. Minds users can choose to publish their content on the “permaweb” with no payment or additional setup required.

SEC Charges Actor, Rapper T.I. With Shilling Fraud ICO

The SEC alleges T.I. used his social media platform to promote the FLiK token.

Exchanges suffer as Chinese users chase DeFi gains

Chinese demand for DeFi is surging, with local exchanges reportedly struggling under the weight of withdrawals destined for yield farming protocols. Despite the recent sell-off quickly wiping $2 billion from the total value locked in the decentralized finance (DeFi) sector, Chinese demand for DeFi appears to be growing. Daily searches for ‘DeFi’ on the popular Chinese social media platform WeChat spiked to a new all-time high on September 2 of nearly 900,000 — nearly doubling the previous record of 500,000. On September 7, Chinese journalist Colin Wu reported that many local exchanges were suffering from liquidity issues amid wholesale withdrawal from customers looking to cycle funds into DeFi protocols. Wu posted charts indicating that many Chinese traders who bought the recent drop in the price of Ether (ETH) had quickly moved to transfer their assets to decentralized exchanges (DEX) for yield farming. He reports that in response many exchanges have suspended withdrawal services, escalating tensions and giving way to the emergence of a popular “coin withdrawal campaign:” Breaking: On Sep 6th, many exchanges in China experienced difficulties in withdrawing coins and shutdowns.

Chinese Crypto Veteran Reveals More About Binance After Top Executives Leave CoinMarketCap

Chinese crypto veteran Li Xiaolai revealed to the public via social media platform Weibo, about Binance’s operations.

Social Engineering: A Plague on Crypto and Twitter, Unlikely to Stop

The SIM swapping community entered the spotlight after helping the Twitter hacker breach the social media platform, but these threat actors have been going after the crypto community for years.

Crypto Folk Show the World How to Outfox Twitter, SIM Swap Scammers

A prominent bitcoin (BTC) enthusiast said he outmaneuvered a Twitter scammer – and although he spent USD 100 in the process, he said he has unveiled some key scamming tactics common on the social media platform.

Twitter hack hurts Bitcoin more than its proponents choose to admit

Twitter, the social media platform that substitutes for Presidential proclamations these days, was hacked a few days ago, with a host of accounts hijacked to promote a Bitcoin giveaway scam of sorts.

Crypto Social Network ‘Minds’ Sees Users Flock From Twitter and Facebook Over Privacy Concerns

Crypto social media platform Minds has been garnering users who are concerned about their privacy, according to the company’s CEO.