COIN BUREAU NEWSFLASH! – (15/05/23) Here are some of today’s m | Coin Bureau Insider

COIN BUREAU NEWSFLASH! – (15/05/23)
Here are some of today’s most important headlines:

SEC Revises $22M Punishment Against LBRY, Seeks $111K Instead

According to a recent court filing, the U.S. Securities and Exchange Commission is seeking an amendment to its request for remedies in its successful case against decentralised content platform LBRY. Specifically, the regulator is seeking to impose a fine of $111,614 instead of the original $22 million fine due to LBRY’s “lack of funds and near-defunct status.”

The filing reads,

“The Commission acknowledges LBRY’s representations that it is defunct, ceasing operations, and without the funds to pay a larger fine, and recognizes that a defendant’s ability to pay is a factor when imposing a civil penalty.”

https://cointelegraph.com/news/sec-revises-lbry-fine-to-111k

Bitcoin Addresses Holding 1 BTC Or More Reach One Million: Glassnode

According to data from Glassnode, the number of “whole-coiners” (Bitcoin wallet addresses holding 1 BTC or more) has surpassed the one million mark. The data also reveals that over 190,000 whole-coiners were added from early February 2022 as the price of Bitcoin fell from its November 2021 highs.

https://cointelegraph.com/news/bitcoin-wholecoiners-reach-one-million

US Justice Department Promises Crackdown on Digital Platforms

Eun Young Choi, the director of the U.S. Justice Department’s (DOJ) national cryptocurrency enforcement team, has reportedly stated that the agency is increasing its scrutiny of digital platforms for any illicit behaviour due to the “significant” growth of crypto crime in the past four years. Specifically, the DOJ is targeting crypto exchanges along with the “mixers and tumblers” that obscure the trail of transactions.

https://www.ft.com/content/5aac457e-cc80-44ae-ac40-9b51d9b601a3

Zimbabwe Sells Millions of Gold-Backed Crypto Tokens Despite IMF Warning

The Reserve Bank of Zimbabwe has reportedly sold 14 billion Zimbabwean dollars’ ($39 Million) worth of gold-backed digital tokens against the International Monetary Fund’s warning. The central bank of Zimbabwe reportedly received 135 applications for the crypto tokens which are backed by 139.57 kilograms of gold.

https://cointelegraph.com/news/zimbabwe-sells-gold-backed-crypto-tokens