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- 🌙 Silvergate Bank Pays $63M to Settle Charges With SEC
🌙 Silvergate Bank Pays $63M to Settle Charges With SEC
Silvergate's executives were aware of 'critical deficiencies' in the bank's anti-money laundering protections, the SEC alleged.
Mike Gavela
July 01, 2024
Crypto Roundup - July 1
The US Securities and Exchange Commission (SEC) has sued Silvergate Bank, accusing it of making misleading statements regarding its anti-money laundering (AML) program. In parallel, stablecoin issuer Circle has obtained a Markets in Crypto-Assets (MiCA)-compliant electronic money institution (EMI) license for operations in Europe, indicating a significant step towards regulatory compliance. Additionally, President Biden's recent misstep has sparked a surge in trading activity on Polymarket, a blockchain-based prediction market platform.
Top Stories:
US SEC sues Silvergate Bank for alleged misleading statements around its AML program.
Circle secures MiCA-compliant EMI license, enhancing its regulatory compliance in Europe.
Biden's blunder ignites trading frenzy on Polymarket, a blockchain prediction market platform.
TOP STORIES
FUNDRAISES
Astria has raised $12.5M in a Strategic funding round co-led by Placeholder VC and dba
@AstriaOrg, a shared sequencer network, has secured $12.5M in a strategic funding round co-led by @placeholdervc and @dba_crypto. Other investors include @1kxnetwork, @Maven11Capital,… x.com/i/web/status/1…
— TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico)
4:06 PM • Jul 1, 2024
We’re absolutely thrilled to share we’ve raise a $5M seed round led by @blockchaincap, with participation from @velocitycap_ and @Web3com_VC.
Angel investors include @RosuGrigore, @dlubarov, @ThogardPvP, @0xshake, @Shujia_STEM, @mheinrich, @radedoc and @agfviggiano.
— Mamori (@mamori_xyz)
3:26 PM • Jul 1, 2024
is proud to kickstart our fundraising round led by @iotex_io, @vechainofficial and @BCG, raising $2.5 Mil to date
The funds will be used to scale Nubila’s operations, further develop its cutting-edge ESG Data Oracle 🚀
Learn more here👇
cointelegraph.com/press-releases…— Nubila Network (@nubilanetwork)
2:43 PM • Jul 1, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
The Correlation Between Global M2 Money Supply and Cryptocurrency Markets 🧵👇
Historically, global M2 money supply, defined as currency in circulation, deposit currency, time deposits, and household savings deposits, has been a leading indicator for global crypto markets.
— Messari (@MessariCrypto)
9:33 PM • Jul 1, 2024
I want to see a prediction market that leverages Solana blinks so that anytime a user is commenting on something they can quite literally “put their money where their mouth is”
I also want native yield so that I can deposit stable/native coin and earn native/staking yield to… x.com/i/web/status/1…
— Santiago R Santos | #9159 (@santiagoroel)
8:36 PM • Jul 1, 2024
Just announced: the U.S. Marshals Service selects Coinbase Prime to provide custody and advanced trading services for its large cap digital assets portfolio.
Read more about this partnership ↓
coinbase.com/blog/u-s-marsh…— Coinbase Institutional 🛡️ (@CoinbaseInsto)
3:20 PM • Jul 1, 2024
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