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Jose Oramas

Articles by Jose Oramas

How to Play Axie Inifnity? A Step-by-Step Guide

18 days ago

Earning money through playing video games is a dream of every gamer, but in the traditional industry, it’s something that only professionals achieve.
However, things move fast in the field of cryptocurrencies, and the above is now becoming possible thanks to the P2E (Play to Earn) business model.
The combination of blockchain technology and non-fungible tokens (NFTs) implemented in video games is giving crypto enthusiasts and gamers alike the opportunity to earn money by beating other players or just playing versus the environment.
One of the leading and most popular games in the field is Axie Infinity. In this guide, we’ll learn step by step what Axie Infinity is, its history, and how to play it.
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Axie Infinity’s Tokens: AXS and SLP Explained
How to Play

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How to Mint Your First NFT on OpenSea? A Step-by-Step Guide

25 days ago

Non-Fungible Tokens (NFTs) are becoming an essential part of the digital landscape. They are unique and non-interchangeable crypto assets issued on the blockchain, and the most popular ones are on Ethereum and Solana. As of 2022, their market has grown from $350 million to roughly $15 billion in just one year.
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Unlike standard tokens, NFTs are non-interchangeable. They serve as digital representations of items, such as artworks, images, videos, or anything that can be tokenized.
We’ve seen brands of all kinds, from fashion to sports, and even real estate companies jumping on the NFT bandwagon. Just recently, Nike acquired NFT collectibles RTFK as part of its digital transformation. Just like Nike, RTFK produces shoes, but digitally.
What is NFT Minting?

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Stronghold Digital Mining Buys 9,090 Bitcoin Mining Rigs

December 22, 2021

Stronghold Digital Mining purchased over 9000 BTC mining rigs, which will allow it to add roughly 826 petahashes per second (PH/s) to its power generation facilities.
The Pennsylvania-based company bought 9080 Bitmain and MicroBT mining rigs, as per an SEC filing on Monday.
The announcement is part of Stronghold’s Q3 earnings release on Nov. 30, 2021, which denotes that the company has signed four separate deals for the mining rigs.
The first 4,800 mining rigs are expected to be delivered by anywhere between the end of this December or by early January. The other 4,280 were acquired with its partner, Northern Data, through a profit-sharing plan and will be delivered during the first quarter of 2021.
All mining rigs will be installed on its wholly-owned power generation

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Virtue Gaming Introduces a P2E Online Poker Model To US Players

December 10, 2021

Poker fans in the US are now able to access the global poker market after a 15-year streak from the Department of Justice (DOJ). This happens as Virtue Gaming introduces the first P2E (Play-to-earn) offering in the country.
Reviving the Poker Field in the US With Blockchain
The Play-To-Earn business model relies on blockchain technology. Some of the most successful titles have amounted to record-breaking valuations of over $2 billion, like the famous Pokemon-inspired, blockchain-based Axie Infinity.
Now Virtue Gaming plans to revive the poker market in the US by connecting players to the rest of the world through a legal player pool using the P2E model. Players will be able to make real money in licensed jurisdictions, putting an end to the infamous Black Friday streak,

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EOS Community Blocks Ongoing Payments of $250 Million in EOS to BlockOne

December 10, 2021

On November 8, the EOS community elected to stop ongoing payments to BlockOne – the company behind the project. The decision comes after continuous debates within the community over the reliability of BlockOne, saying the company has plagued the network with centralization.
ENF vs. BlockOne
The conflict between the EOS Network Foundation (ENF) and BlockOne has been heating up in the last few weeks. The ENF said that BlockOne has been drifting away from the network’s interests and failing to deliver on promises. The decline in network activity caused serious harm to the EOS token, which has been one of the worst-performing assets in 2021, moving from the 7th spot in the crypto market to the 44th position.
The community decided to block the transaction of 67 million EOS –

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Binance Details Issues With Dogecoin Wallets in Response to Elon Musk

November 23, 2021

Binance has been experiencing problems with Dogecoin withdrawals for over ten days now. The root cause is a technical issue that resent old transactions to Binance users, besides DOGE holders being unable to withdraw the currency.
CryptoPotato reported that the 1.14.5 upgrade on the Dogecoin network led to issues on the Binance exchange. Some failed (stuck) transactions were relayed successfully post the 1.14.5 update, causing DOGE holders to receive old transactions while holders were unable to withdraw funds. The problem only occurred on Binance as they have a different wallet set-up for DOGE.
The issue has persisted, and now Binance is forced to rebuild the wallet, the exchange noted:
“Since the incident occurred, DOGE Network has been providing us with support, but we

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Game7 Seeks To Integrate Gaming and Blockchain With a $500M Platform

November 20, 2021

Several gaming and technology leaders have gathered to form Game7 – an upcoming blockchain ecosystem acceleration decentralized autonomous organization (DAO) with a $500 million budget. The DAO seeks to intersect the $180 billion gaming industry with blockchain technology.
Accelerating Blockchain Adoption in the Gaming Industry
The initiative was announced in a press release seen by CryptoPotato. Game7 was proposed as a $500M blockchain gaming DAO that will seek to accelerate blockchain adoption in the gaming industry. Forte Labs and Magnus were among the most well-known projects behind the idea.
Additionally, Game7 is backed by several high-profile entities, including Solana Ventures, BitDAO, Alameda Research, Polygon Studios, Avalanche, Interchain Foundation, Offchain

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Acala Wins Polkadot’s First Parachain Auction With $1.3 Billion Secured

November 18, 2021

Acala, an Ethereum-compatible DeFi protocol for scaling DApps, has secured the first slot on the much anticipated Polkadot’s parachain auctions. 
Acala, a decentralized Layer-1 smart contract platform, recently won the first slot on the parachain auction on Polkadot with a total of 32,515,989 DOT ($1,250,895,296) locked from over 81,000 community members. The funds will be used for a myriad of cases.
The first features include launching a stablecoin on the Polkadot network and building a decentralized exchange (DEX).

Congratulations to @AcalaNetwork for winning Polkadot’s first parachain auction!
Acala will be onboarded at block #8179200 [Dec. 18] at the beginning of lease 6 with the other first 5 auction winners. Over 81K network stakeholders locked up DOT in

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Injective Protocol Mainnet Goes Live, Launches $120M DeFi Incentive Program

November 17, 2021

DeFi trading platform Injective Protocol is launching its mainnet after rolling out a $120 million incentive program for traders, market makers, and DeFi projects, the protocol announced this Tuesday.
First DeFi Cross-Chain Derivatives Markets
As per the press release, Injective Protocol is set to launch the world’s first DeFi derivatives markets using the IBC Oracle, the popular Cosmos-based third-party service that will provide access to external, off-chain data.
For now, traders will only be able to trade INJ (the protocol’s utility token), Bitcoin (BTC), Chainlink (LINK), Axie Infinity (AXS), and Wrapped Ethereum (wETH). The reason is that the INJ community has approved these coins for now. Further proposals for new markets will be rolling out soon, like new altcoins,

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Entrepreneur First Partners With Tezos To Boost Web3 Startups

November 15, 2021

Entrepreneur First, an international firm focused on investing in technology companies, is partnering with Tezos to launch a blockchain-focused platform to attract potential founders to Tezos’ web3 ecosystem.
Seeking Talented Web3 Developers
The new platform, dubbed Entrepreneur First Web3, is designed to attract potential blockchain innovators and DeFi app creators into the Tezos ecosystem. They will be able to share ideas with the community, collaborate with other DeFi app creators, apply for grants and investments to fund future projects, and more.
The platform will select the most talented and ambitious Web3 developers and integrate them into the Tezos Web3 ecosystem, providing them with technical training and guidance by experts from the community, besides financial

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Moonriver Surpasses 8 Million Transactions as Polkadot Parachain Auction Progresses

November 13, 2021

Moonriver, a canary-test network for the Moonbeam protocol, reached a milestone this week by hitting eight million transactions on its network, becoming the leading parachain in Kusama.
The platform announced on Twitter that it had reached the multi-million transaction count on Nov. 10, making it the largest adopted parachain on the Kusama Network.
Moonriver is one of the many successful parachains on Kusama, and it has secured a parachain slot for 2022 with over 60+ live integrations, 173,000+ wallets, and 2,000+ ERC-20 tokens supported.
Kusama is the sister network of Polkadot, which soared 15% to a new ATH following the anticipation for parachain auctions, allowing developers to register their parachains and seek crowd loan funding.
Moonriver is a canary-test network of

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Chainalysis: DEXs Have Grown 550% in 2021 as Competition Among CEXs Heats

November 13, 2021

The DeFi sector has seen a massive amount of money flowing onto its ecosystem this 2021 alone. So much that trading activity on large decentralized exchanges (DEXs) has increased by over 500% – outpacing trading volumes on popular centralized crypto exchanges (CEXs), according to a new report from analytics firm Chaynalysis.
2021 Is The Year Of Decentralized Finance
The report highlighted the fierce competition amongst centralized exchanges this year, with traders seeking the best platforms to trade amid the crypto boom since January. The transaction volume on crypto exchanges has increased significantly throughout the year, and while it isn’t constant, it shows a general upward trend. 
However, centralized exchanges have been outpaced by DEXs, with large protocols like

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Bitcoin Demand Trends Downwards as Institutions Move Into DeFi and Altcoins, Says Genesis

November 7, 2021

Digital assets firm Genesis recently published its Q3 Market Observations Report, and it highlights some of the major trends across the market. This time, it shows the demand for bitcoin had faded during Q3 as institutions were exploring DeFi platforms and altcoins.
BTC Demand Trends Downward Due to Institutionalization
As per the report, BTC demand trended downward during Q3 due to the lack of opportunities for traders to profit from spreads between the BTC price in spot and futures markets. 
The firm noted a “significant structural change” in the crypto market, starting with the deleveraging of retail exchanges. During Q2, we saw several exchanges limiting their leverage offers, like Binance reducing the levels to a max of 20x for accounts opened within 30 days.
“In Q1

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Cream Finance Hacked for $130 Million In Another Flash Loan Attack

October 27, 2021

Decentralized lending protocol Cream Finance has suffered a flash loan attack, losing over $130 million worth of various crypto assets. This was the third successful hack against the popular DeFi project in the past year.
Cream Finance has confirmed it suffered an exploit this Wednesday through a flash loan attack, compromising mostly Cream LP tokens and other ERC-20 coins.
Blockchain security firm PeckShield was the first to identify the attack. Data from blockchain explorer Etherscan shows $132 million was stolen from the C.R.E.A.M v1 marketplace on Ethereum, later sent to two different wallets.
The flash loan involved 68 different assets and cost around 9 ETH in gas. At press time, the attacker now holds $92 million worth of various tokens on its contract, and $22

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Shiba Inu Breaks ATH, Eyes Top 10 Largest Coins After 850% Monthly ROI

October 27, 2021

What started as a joke cryptocurrency is now becoming a serious investment for retail traders. Shiba Inu (SHIB) has made tremendous gains in the past month – outperforming other cryptocurrencies and hitting consecutive all-time high records with the latest at over $0.000068 earlier on October 27th.
Another ATH for SHIB
The crypto meme, which promised to be a Dogecoin-killer upon its launch last year, has surged nearly 900% in the past month, 100% in the last seven days, and 40% on a 24-hour scale. Depending on which giant data aggregator (CoinMarketCap or CoinGecko) one looks, it’s either the 11th largest cryptocurrency by market cap or the 9th.
Most cryptocurrencies are in the red, while SHIB remains on the green side of the story. The largest digital asset by market cap,

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Tether To Test Notabene’s Travel Rule System to Comply With AML Laws

October 26, 2021

Tether Holdings Limited, the issuer of the largest stablecoin by market cap, USDT, recently announced integrating Notabene to manage regulatory and counterparty risk in crypto transactions.
Tether to Crack Down on Illegal Transfers
As per an announcement on Tuesday, Tether will be testing the Notabene platform to comply with the Crypto Travel Rule —a mandate established on June 20, 2021, by the Financial Action Task Force (FATF).
Notabene’s end-to-end solution will allow Tether to crack down on illegal transfer by transmitting user data for large cryptocurrency transfers to VASPs.

In order to assist cryptocurrency exchanges, digital wallet providers, and financial institutions with the new FATF Travel Rule requirement, #Tether will begin testing the Notabene

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Facebook Whistleblower Frances Haugen Says She Bought Crypto at the Right Time

October 25, 2021

The Facebook whistleblower, Frances Haugen, has revealed her financial future is “fine” as she bought an undisclosed amount of crypto at “the right time.”
Financial Backup Thanks to Crypto
During an interview with the New York Times, Haugen said she’s currently maintaining her shelter in Puerto Rico thanks to cryptocurrency investment. She manages her own financial resources despite receiving money from nonprofit organizations (NPO). 
Last week, Politico reported that Haugen received financial help from various NPOs, which she used solely for “traveling and related expenses.” One of them is backed by Pierre Omidyar, a billionaire entrepreneur and co-founder of eBay, who reportedly gave $150,000 to Whistleblower Aid, a nonprofit handling Haugen’s legal representation.

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VanEck Receives SEC Approval: Will Launch Its Bitcoin Futures ETF Next Week

October 20, 2021

Global investment manager VanEck is set to launch a bitcoin futures exchange-traded fund (ETF) next week, shortly after ProShares got the SEC’s green light to launch the first BTC ETF.
As per a Wednesday post-effective filing with the Securities and Exchange Commission (SEC), VanEck revealed it had secured approval from the SEC, and it’s now fully authorized to launch its BTC fund next week, after October 23, Saturday.
VanEck first applied for the BTC futures ETF in August. The fund will offer exposure to bitcoin through futures contracts and would begin “as soon as practicable,” which could be as early as Monday morning.

“The Fund is an actively managed exchange-traded fund (‘ ETF’) that seeks to achieve its investment objective by investing, under normal circumstances,

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Elliptic Raises $60M From SoftBank and Wells Fargo to Accelerate Crypto Adoption

October 12, 2021

Elliptic – a London-based blockchain analytics firm – has secured $60 million in Series C funding led by Japanese investment manager SoftBank Group and American multinational Wells Fargo. The funds will be used to accelerate cryptocurrency adoption by global financial markets. 
Accelerating Cryptocurrency Adoption by Large Institutions
Elliptic announced the disclosure of a $60 million fundraising in a press release on October 11th. The company plans to use the funds to expand its operations overseas and promote investment for its global network.
“At Elliptic, we help financial institutions, from crypto exchanges to the world’s leading banks, embrace cryptoassets more safely. This fundraising round is an endorsement of the opportunity for cryptoassets in the financial

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Huobi’s Bitcoin Mining Pool Moves 100K BTC Following the Chinese Crackdown

September 29, 2021

After China recently banned all crypto-related activities in the country, crypto exchange Huobi Global had to limit mainland Chinese citizens from registering on the platform. As a consequence, the Huobi pool – the eighth biggest BTC pool-  is now moving a massive amount out of their funds, possibly to cover the client withdrawal needs on the exchange.
$4.21 Billion Flowing Out From Miners
Data from research company IntoTheBlock shows that Huobi Pool has recently moved almost 100,000 BTC or $4.21 billion at the time of writing. This is the largest inflow of funds since December 18, 2017, a year that saw Huobi dealing with Chinese authorities after they banned cryptocurrency trading. 

The recent China regulation resulted in the eighth biggest #Bitcoin pool, Huobi pool,

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Cardano is Partnering With American Telecom Service DISH Network

September 25, 2021

The strategic partnership aims to introduce Cardano’s blockchain technology to DISH’s telecom services, likely to boost Cardano’s adoption and benefiting DISH’s users with 8 million digital identities (D.I.D) on phones satellite.
DISH and Cardano
Speaking at the Cardano Summit 2021, Hoskinson said that while the main idea was to create a network where users can move seamlessly from one space to another, the underlying business infrastructure has remained “ossified.”
“We think there’s a lot of intersection between the use of identity the movement of data capacity exchange and other things that can be done and explored.And it can be done at a scale of millions to tens of millions, and eventually at a global scale. So, this is a super exciting relationship we can’t wait to

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Citibank Report: Crypto Is Redefining The Entire Payment Ecosystem

September 20, 2021

Cryptocurrencies are redefining the entire payment infrastructure, says a new report from multinational Citibank. It added that digital assets have expanded from being merely an “internet novelty” to becoming a two-trillion-dollar market.
What Can Organizations Do to Embrace Crypto?
The report offers a blueprint for organizations considering adopting cryptocurrency payments or simply investing in such assets as a store of value, outlining three key aspects they should consider:
The accounting team should have the correct tools to deal with cryptocurrencies
Selecting which digital assets will be accepted as payment
And whether or not the organization will hold crypto on its balance sheet
“Cryptocurrencies have evolved from being an obscure internet novelty to reaching a two

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Poly Network Drama is Over: Hacker Returns the Remaining $141 Million

August 23, 2021

The Poly Network drama seems to be officially over as the hacker has returned the remaining $141 million, according to a blog post from the DeFi project.
‘Full Asset Restoration’ Begins
As per the announcement, at 8:39 AM UTC, Mr. White Hat gave his private key to the 3/4 multi-signature wallet in an embedded message, retrieving the 28,853 ETH and 1,032 WBTC (Wrapped BTC) left and giving Poly Network the green light to return full asset control to users.
The team had to verify if the private key was genuine, which turned out to be so. Thus the 610 million stolen on August 10th are fully restored to the network (This doesn’t include the frozen 33 million USDT, the protocol is trying to solve this issue by contacting Tether directly).
“The team has confirmed that the private

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Luna Yield, A Solana Yield Aggregator, Rug-pulls and Steals Almost $10 Million

August 21, 2021

Luna Yield, a Solana-based cross-chain yield aggregator and decentralized exchange, might have rug- pulled after the official website and social media channels were taken down today, according to SolPad, Solona’s finance launchpad.
Nearly $10M Stolen
After Luna’s official website, Twitter, Telegram, and other channels were deleted, users feared that the team behind the protocol might have run away with their funds. Consequently, they tried to unstake their funds from the liquidity pools but failed because the team had removed the liquidity. Traders estimate a loss of nearly $10 million, making it the biggest rug pull on the Solana ecosystem.
SolPad hosted Luna Yield’s Initial Initial DEX Offering (IDO) on its platform. The team said they had contacted a third party to

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Ethereum Whales Are Depositing More ETH to the Ethereum 2.0 Contract Amid Protocol Upgrades

August 19, 2021

Over 95,000 ETH – over 287 million – have been staked in the ETH 2.0 contract in a day, as per data from on-chain and market data platform CryptoQuant.
It seems the number of new depositors is fewer compared to the number of deposits, which, according to Young Ju, CEO of CryptoQuant, is a firm sign that whales are bullish on ETH by staking more tokens to the contract.

Another evidence that $ETH is bullish in the long term.
It seems whales who staked a lot of $ETH to the ETH 2.0 contract before the price surge, staked a ton of ETH to the contract again.
These whales seem to think the fair price for $ETH is higher than $3k in the long term.
— Ki Young Ju 주기영 (@ki_young_ju) August 18, 2021

This number adds to the 5 million ETH that was staked in

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US Government Offers $10 Million in Crypto to Hackers to Track Cybercriminals

August 16, 2021

The US State Department (DOS) is trying to halt cybercrime in the country with a new initiative for the Rewards for Justice (RFJ) program. Consequently, it will offer up to $10 million in cryptocurrencies to anyone who can provide information leading to the identification of state-backed hackers.
DOS Targeting Black Hat Attendants
Last week, hackers and cybersecurity experts attended the famous cyber conference Black Hat Briefings. The State Department promoted the program through a QR code stamped on flyers and T-shirts so attendants could scan it, taking them to the RFJ page with all the information about the reward. 
Participants can access the RFJ channel through TOR, a browser that enables anonymous research and communication. DOS officers believe the dark web and

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$1.72M Staked Amid Community Testing for Maiar, Elrond Network’s New Decentralised Exchange

August 13, 2021

The Elrond network is ready to launch the Maiar Decentralised Exchange (DEX), which recently begun the Chaos testing phase, opening the doors for the Elrond community to test, validate and improve the network’s resiliency and robustness.
Already 1.72 Million Staked into Maiar
Maiar has seen 1.72 million EGLD staked, and over 59,000 people have joined. Elrond also announced its partnership with DEXTools to bring Maiar DEX into the DEXTool terminal, allowing traders to access real-time information, strategies, insight, and opportunities on the Elrond Network.
The integration of DEXTools will allow DEXT traders to keep track of token pairs on the platform, follow specific trader wallets, and get insights from markets delivered via Telegram or email.
“By launching on the high

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$400 Billion Hedge Fund Neuberger Berman Approved to Receive Access to Bitcoin and Ethereum

August 11, 2021

A $400 billion investment management firm, Neuberger Berman, recently announced adding exposure to Bitcoin and Ether derivatives and investment vehicles as part of the firm’s fund strategy.
Another Hedge Fund to Join Crypto
The SEC filing outlines that the asset manager will receive exposure to cryptocurrency via a subsidiary firm —with a minimum investment of $5 million. The filing comes after the firm disclosed a “Hedge Cryptocurrency Volatility Fund” in an SEC Form D Filling, which, as per the filing, has made no sales as of July 29.
The Fund may seek to gain exposure to cryptocurrencies, including bitcoin and ether, indirectly through cryptocurrency derivative instruments, such as bitcoin futures and ether futures traded on futures exchanges registered with the

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Tether’s Reserves are ‘Fully Backed,’ Company Cites Another Audit

August 11, 2021

Tether has yet again issued another public opinion by Moore Cayman, a provider of audit services that reassures USDTs are “fully backed by reserves.” However, the company has failed to disclose the precise nature of the reserves it’s referring to, which has raised a few eyebrows in the community.
Another Public Opinion By Moore Cayman
The report says the Cayman Island-based audit provider has obtained “sufficient and appropriate” evidence to base their assurance opinion. It conducted an attestation in accordance with the ISAE 3000 (International Standard on Assurance Engagements (revised)), among other standards for ethical research and guidance for audits and historical financial information.
“Those standards require that we plan and perform the attestation examination to

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SEC Charges DeFi Lender and its Executives for Raising $30 Million Trough Unregistered Sales

August 8, 2021

The Securities and Exchange Commission has targeted the Cayman Island-based Blockchain Credit Partners (BCP), along with Gregory Keough and Derek Acree, for selling unregistered securities from February 2020 to February 2021.
$30 Million Trough Token Sales
According to a recent press release, the executives allegedly used smart contracts to sell two types of tokens that the SEC considered securities. More precisely, those were mTokens, which could be bought with “specific digital assets” that paid out 6.25% interest to investors.
The statement indicated that BCP used “investor assets to buy real-world assets, like car loans,” generating sufficient income to pay out the promised interest and surplus profits. The second token is DMG, governance coins that give users rights

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