An overview of current news in the crypto space

In our digest, we took a look at some important crypto industry news from the last week:

1. Decimal blockchain is 3 years old. Major AirDrop.
2. Ilon Musk refuses to issue cryptocurrency X
3. SEC charges Digital Licensing with $50 million in crypto fraud
4. Binance could face fraud charges from the U.S. Department of Justice
5. Russians banned from trading on Hong Kong’s first official crypto exchange HashKey Exchange
6. Miami mayor starts accepting bitcoins as donations for presidential campaign

Now for the details. Reading time: 10 minutes.

1. Last Tuesday (August 1), the Decimal blockchain project celebrated its third birthday. Over the past year, the project has managed to achieve significant successes, which cannot fail to impress. One of the main indicators worth paying attention to is the project’s growth in the ratings. This year, DEL coin was able to move into the top 300 in the CoinMarketCap rating, and Decimal has also established itself in the top of successful projects in CoinMarketCap and the rating agency added the project to the list of recommended accounts. The company also managed to establish itself on the Binance crypto platform, received a mention at the AMA session about the DexCoyote project and conducted an interview with representatives of the exchange at the AMA session of Binance Live. In addition, Decimal qualified for Binance’s MVB program and received a number of important integrations, and began discussions with Binance Labs. The company received an AA security certification this year after successfully passing a blockchain security audit conducted by Certik. The blockchain released the DAO White paper, launched closed rounds of the DDAO and released an updated version of White Paper 2.0. In a great article on achievements for the third year, the project shared and major integrations with decentralized non-custodial wallet Keplr, thirdweb, MetaMask and Earn network. In addition – launched the first DEX and launched DUSD. We congratulate Decimal on its third birthday and look forward to new achievements in the future! And we will share with you a big AirDrop, which the company is holding in honor of its birthday:
   • 100,000 DDAOs will be distributed from the Decimal blockchain team;
   • 1,000,000 BTT will be distributed from the bit.team exchange, which you can use to pay commissions at a discount of up to 50%, as well as vote for the listing of your token on the bit.team exchange and buy special statuses, more details: https://bit.team/btt.
   • From the Avatars project, who have already issued over 40,000 NFTs on the Decimal blockchain – 3,000 AVTs will be distributed, details about the project: https://t.me/Avatarsgroup.
   • Decimal DApps – monitoring projects on the Decimal blockchain will provide 10 NFTs with a liquidity of 400 PRO, details about the project: https://t.me/ddaps_community.
   • Candy project, providing a whole list of useful bots for the web – will distribute 500000000 MintCandy, a monthly subscription to 10 VIP statuses in the @CandyNotifyBot service and 5 VIP statuses in the @tradedecimalbot service. You can learn more about the project on the website; https://mintcandy.ru/.
   • The Messege project, which provides a unique opportunity to send advertising NFT to addresses in the network – will distribute 1,000,000 Messege, as well as provide a 10% discount on the first order of advertising. Details about the service and a request to test the mailing can be sent here: https://t.me/DCMessege
   • https://t.me/midjourneyfreebot – will distribute 1 DEL for Fast image generation AI MidJourney to every user, so hurry up and start your wallet in the bot.
2. Tesla and SpaceX founder Ilon Musk has said that social network X will not be releasing cryptoassets associated with the platform. Earlier, a user under the nickname DogeDesigner warned the community about fraudulent X and Twitter tokens that claim to be linked to X. In response, Musk said he would “never” issue digital assets. However, last year at Tesla’s annual shareholder meeting, Musk expressed his grand vision for X as something that would be very similar to Chinese messenger platform WeChat. Similar to the Chinese service, X could become an ecosystem where users can not only communicate, but also perform financial transactions, including stock trading. Semafor recently reported that Ilon Musk’s X app is looking to create a stock trading center on the platform. The company has reached out to financial data firms over the past couple of weeks to seek support for the project. Thus, we can assume that perhaps cryptocurrencies will appear on X in the future, but right now, Ilon Musk has no plans to release them.
3. The U.S. Securities and Exchange Commission (SEC) has accused mining company Digital Licensing Inc. also known as DEBT Box of a $50 million crypto fraud scheme. The SEC’s complaint states that the company and its principals – Jason Anderson, Jacob Anderson, Schad Brannon and Roydon Nelson – sold unregistered securities called “software mining licenses” that purportedly allow the generation of various cryptoassets. However, the SEC alleges that the licenses were used to conceal the fact that tokens were already instantly created in DEBT Box using blockchain. The Commission also accuses DEBT Box’s management of hiding the corporate earnings that determine the value of crypto assets. The SEC has obtained a temporary ban on the assets of the company and its executives, as well as other emergency relief measures. A total of 18 individuals, including those mentioned above, were charged with unregistered securities, as well as violations of the antifraud provisions of the federal securities laws. The SEC sought a permanent injunction against Digital Licensing, restitution of funds obtained by dishonest means, and administrative fines.
4. Binance, the largest cryptocurrency exchange, is facing possible fraud charges from the U.S. Department of Justice (DoJ), which could severely impact its users. Sources said the agency is considering several options, including fines and deferred or non-prosecution agreements, to minimize the damage to users. In March, the Commodity Futures Trading Commission (CFTC) sued Binance and its head Changpeng Zhao for allegedly “illegally” operating the exchange. Then in June, the Securities and Exchange Commission (SEC) filed its own lawsuit against Binance, Zhao and Binance.US for allegedly violating U.S. securities laws. The largest crypto exchange continues to attract new users and has so far registered more than 150 million people. However, possible fraud charges by the US agency could lead to panic in the cryptocurrency market and loss of user e
5. Russians have been banned from trading on Hong Kong’s first official crypto exchange, HashKey Exchange, which has been licensed under the region’s new licensing regime. According to the exchange’s user agreement, its services will not be provided to users from 34 countries, including Russia, Iran, Eritrea and North Korea, which are on the sanctions list of local regulators. However, the platform does not restrict access to customers from the U.S., Japan, China and other countries if they reside in countries where digital assets are not restricted. Cryptocurrency exchange HashKey Exchange said it wants to offer retail services and was the first company in Hong Kong to be licensed under the region’s new licensing regime. However, journalists report that Russian citizens are banned from trading on the exchange. Payment processing for the HashKey Exchange is handled by the Asian division of JPMorgan Chase, and ZA Bank will cooperate with it in the future.
6. Miami Mayor Francis Suarez, who is known for his commitment to innovative technology and cryptocurrencies, has started accepting bitcoins as donations for his campaign for the U.S. presidency. He also accepts other cryptocurrencies, and the presidential candidate’s website portal is integrated with Bitpay, a leading cryptocurrency payment provider. Suarez believes that the use of cryptocurrencies helps democratize wealth creation and eliminate manipulation based on ulterior motives and political agendas. According to a Grayscale report, U.S. presidential candidates are actively promoting cryptocurrencies based on a projected high percentage of Generation Z and Millennials among voters, which is about 44%. Suarez has pledged to ban central bank digital currencies (CBDC) if he wins the U.S. presidential election, expressing his belief that the federal government should not have access to information about citizens’ financial health and transactions. A well-known bitcoin proponent, Robert Francis Kennedy, Jr. is also a member of the current presidential race. In June 2023, Francis Suarez officially announced his candidacy for the U.S. presidential election scheduled for November 5, 2024. His Republican Party opponents will be former President Donald Trump and Florida Governor Ron DeSantis.

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