Insiders claim the SEC has been probing the Coinbase cryptocurrency exchange for months, signaling possible consequences on the horizon for crypto. It has been revealed that the SEC is investigating Coinbase over the sale of unregistered securities, which could potentially have consequences for the cryptocurrency and greater blockchain industry. The U.S. Treasury Department's Office of Foreign Assets Control is investigating cryptocurrency exchange Kraken for allegedly violating economic sanctions against Iran, according to the New York Times. Five people "affiliated with the company or with knowledge of the inquiry" told the New York Times that Kraken is suspected of allowing customers in Iran and other sanctioned countries to use its exchange despite the company being prohibited from doing so. New research shows that despite falling digital asset prices, cryptojacking has reached record levels in the first half of 2022. According to a mid-year update on cyber threats by American cybersecurity company SonicWall, global cryptojacking volumes rose by $66.7 million, or 30% in the first half of 2022 compared to the same period last year. The CEO of crypto exchange KuCoin says it is launching an "Anti-FUD Fund" to track down and potentially take legal action against "FUDers" and educate crypto users on identifying misinformation. Johnny Lyu, CEO of the exchange announced the fund in a July 26 Twitter thread and comes only days after publishing a blog post criticizing Twitter user "Otteroooo" for spreading misinformation about his firm. Central African Republic's Sango coin, which started selling on Monday, June 25, has recorded only $1.09 million in sales after 24 hours of the offering. The government of CAR launched its digital currency with a projection to raise about $1 billion from its sales within the next year. You can find these stories and more at the link below:
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