The U.S. Securities and Exchange Commission (SEC) has disclosed in a memo it intends to award the California-based firm CipherTrace a single-source contract on the grounds it’s software is the only one capable of tracing Binance Chain transactions.

Chinese authorities have reportedly arrested all 27 key executives that were allegedly running the PlusToken crypto Ponzi scheme, which is believed to have stolen over $5 billion from investors.

Japanese users of the cryptocurrency-powered Brave browser will soon be able to start receiving the platform’s native token, the basic attention token (BAT), for seeing ads while browsing the web.

Sponsored: Godex.io is one of the fastest exchange services on the market – order execution times vary from 5 to 30 minutes.

Top stories in the Crypto Roundup today:

• SEC Eyes Crypto Tracking Software for Binance Chain Transactions
• Chinese Authorities Reportedly Arrest 27 Key PlusToken Executives
• Japanese Brave Browser Users Will Soon Start Receiving BAT Tokens
• Sponsored: New Exchange Service From the Experienced Crypto Players

At the time of writing, bitcoin (BTC) is trading at $11,148.64 (1.23%) with a daily Top Tier volume of $3.57 bn. As for ether (ETH), it is trading at $336.67 (5.32%) with a daily Top Tier volume of $2.01 bn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 4,049.27 (2.28%).

SEC Eyes Crypto Tracking Software for Binance Chain Transactions

The U.S. Securities and Exchange Commission (SEC) has disclosed in a memo it intends to award the California-based firm CipherTrace a single-source contract on the grounds it’s software is the only one capable of tracing Binance Chain transactions.

The securities watchdog wrote:

"CipherTrace products are the only known blockchain forensics and risk intelligence tool that can support BNB and all tokens on the Binance network."

Binance Chain is the native blockchain of Binance’s cryptocurrency BNB. It holds the trading platform’s $3 billion market cap and 189 other tokens launched on it. In November 2019, CipherTrace partnered with Binance to bring anti-money laundering tracing tools to it.

In November, executives also revealed there was a possibility of regulators one day starting to trace transactions on Binance Chain.

Chinese Authorities Reportedly Arrest 27 Key PlusToken Executives

Chinese authorities have reportedly arrested all 27 key executives that were allegedly running the PlusToken crypto Ponzi scheme, which is believed to have stolen over $5 billion from investors.

In an operation led by the country’s top police agency, the Ministry of Public Security, authorities also arrested another 82 core members of the Ponzi scheme, which reportedly had over 3,000 layers and affected over 2 million people.

This was the first case in which Chinese police cracked down on a major international cryptocurrency Ponzi scheme. The investigation into it started last year, after PlusToken’s executives stole investors’ funds and left them the message “sorry we have to run.”

PlusToken was massively popular in China and Korea, and grew partly thanks to referral payouts, and by hosting conferences and meetups promoting the token to investors.

Japanese Brave Browser Users Will Soon Start Receiving BAT Tokens

Japanese users of the cryptocurrency-powered Brave browser will soon be able to start receiving the platform’s native token, the basic attention token (BAT), for seeing ads while browsing the web.

Users will be able to receive BAT thanks to a partnership between Brave and crypto exchange bitFlyer, as the firms developed a crypto wallet called “Integrated Wallet.” Brave users cannot currently receive BAT in Japanese because of regulations, and instead receive Basic Attention Points (BAP). They will now start receiving BAT in their bitFlyer accounts thanks to the wallet.

"Brave users in Japan who are currently opted in to Brave Rewards are receiving BAT Points for viewing ads, but after the release of the Integrated Wallet, will receive BAT in their bitFlyer account linked to the Integrated Wallet.”

Brave browser users in other regions can receive their BAT tokens on Uphold, while those in the U.S. can choose between Uphold and Gemini.

The Launch of YFI: What a Fair Token Distribution Looks Like.

YFI is the governance token for Yearn.Finance. Represented here is the active supply of YFI tokens moving on-chain since launch on July 17th. 30,000 YFI tokens were minted and distributed to users. The full token supply was evenly distributed into three pools.

Often when a token is launched, a large portion (often at least 50%) of the supply is allocated to the project’s team and early backers. The act of giving out 100% of the governance token supply to users who interact with the protocol has proven immensely successful in creating a powerful network effect.

The entire initial supply of YFI was distributed to those using the decentralized finance protocol. The entire supply of the cryptocurrency was earned in a single week, and Yearn.Finance’s founder kept no tokens for himself.

New Exchange Service From the Experienced Crypto Players

The owners of Godex.io call themselves “industrialists,” a term that carries their significant weight and experience in the crypto industry. Their in-depth knowledge of the market and their communication with major players helped shape the main principles of the service and make it useful and attractive for the clients. The owners say they just created a service they want to use themselves: simple, fast, and reliable. In fact, they became a “buyer persona”, the personalization of an ideal service customer.

Godex.io is one of the fastest exchange services on the market – order execution times vary from 5 to 30 minutes. The time depends on the confirmation speed in a decentralized network: it takes longer for amounts of more than 1 BTC. The service’s reliability is based on modern security protocols and physical protection for the servers.

For sophisticated crypto players, Godex.io offers more than 200 coins to exchange and with no exchange limits. These options are for crypto traders who make money on the rate difference and use the extensive number of altcoins available.

Usually, exchange services limit their business with the most accessible coins - Bitcoin, Ethereum, Ripple. Godex.io moves forward and works with many altcoins, you can check the full list on its website. No limits mean a client can exchange any amount per transaction, and the daily number of transactions is also not limited. 

You can check out our guide to read more about the project, visit Godex's website to start trading now.

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