Kraken Under Investigation, Unstoppable Crypto Unicorn Heads To Coub.com NFT News Details

Kraken is making progress with the decision to go to Coub.com NFT for the unstoppable crypto unicorn resulting from being under investigation. There is various news on this subject in many areas. Details of this news are given below.

Lawful news

According to five unnamed people connected to the company or aware of the investigation, the New York Times reported that the cryptocurrency exchange Kraken is under investigation because it is thought to have violated US sanctions by allowing users in Iran and elsewhere to buy and sell cryptocurrency. The Office of Foreign Assets Control (OFAC) of the Treasury Department has been looking into Kraken since 2019 and is reportedly planning to fine the company.

Financial news

Unstoppable Domains, a Web3 digital identity platform, announced that its Series A fundraising round, lead by Pantera Capital, closed with a $1 billion valuation of $65 million. According to the business, the investment will be used to foster product innovation and expand its collaborations.

• AntPool, a mining pool, has acknowledged that it has contributed $10 million to the Ethereum Classic (ETC) ecosystem and intends to keep doing so.
• According to Reuters, which cited information from industry data source PitchBook, venture capitalists spent $17.5 billion on blockchain and cryptocurrency companies in the first half of 2022. This raises investments over the record-breaking US$26.9 billion raised last year, he continued.
• The flagship Cronos Accelerator Program, supported by a $100 million investment, has picked nine members for its first batch, according to blockchain startup Cronos (CRO). One Social Fi project, two Infrastructure Analytics Type projects, five Web3 Gaming projects, and two DeFi projects are among them.
• Blockchain-based cybersecurity network Naoris Protocol said that it has received $11.5 million from investors from around the world as it gets ready to release a minimally viable product by the end of 2022 and the full product by the middle of 2023.

News NFT

The first NFT market and Watch-to-Earn (W2E) content monetization model will be introduced by the micro-video social network Coub.com in Q3 2022. Each Coub NFT comes with media assets and a proportionate share of any future W2E income from the NFT that was purchased.

Coca-Cola, the world’s largest non-alcoholic beverage company, stated that, in honor of International Friendship Day, it will be giving free special digital collections to owners of Coca-Cola collections (July 30). They claimed that when shared with a friend, the special work of art will be disclosed to both owners. The collection has a design that was inspired by the bubbles in cola bottles.

Crime reports

Bitcoin exchange According to an announcement from OKCoin, its risk team recently thwarted a multimillion-dollar scam that targeted the elderly and recovered $1 million out of a total of over $4.1 million in stolen funds. The so-called “IT Support Scam” involves con artists pretending to be reputable tech firms and offering to resolve imaginary technological issues or renew phony software or security subscriptions.

Regulatory Updates

José Manuel Campa, the head of the European Banking Authority, is quoted in the Financial Times as saying that hiring specialized personnel is a “big concern” and that there are issues with the authorities’ ability to oversee the markets for digital assets. He clarified that until the new crypto legislation in Europe goes into force in 2025, the regulator won’t know which digital currencies it has the power to regulate.

Recent stablecoins

Chinese commercial paper is not included in the portfolio of stablecoin issuer Tether (USDT). Additionally, the entire exposure to commercial paper has been lowered once again to roughly US$3.7 billion (from US$30 billion in July 2021), US$200 million by the end of August 2022, and US$100 million by the end of October/November 2022. They also mentioned that it would be zero at the start of the year.