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Daily digital currency dynamic summary (2023-08-16) – XMDailyFX

Daily digital currency dynamic summary (2023-08-16)

1. The chairman of the US Securities and Exchange Commission (SEC) has begun to pay attention to artificial intelligence, and artificial intelligence tokens may face the risk of double scrutiny.
2. The Dongyang Court launched the first round of funds return for a series of 380 million yuan digital currency fraud cases.
3. PayPal will suspend the provision of cryptocurrency purchase services in the UK from October 1, and is expected to resume early next year.
4. Encrypted lending platform BlockFi will launch a creditor vote on the Chapter 11 bankruptcy plan.
5. The Monetary Authority of Singapore has finalized the regulatory framework for stablecoins, and issuers must meet multiple requirements such as “disclosure”.
6. Binance applied to the US court for a protective order in response to the SEC’s “phishing and evidence collection”.
7. Binance will shut down the encrypted payment platform Binance Connect on August 16.
8. Binance will stop trading and delist SNM, SRM and YFII on August 22.
9. The cryptocurrency market maker GSR scaled back, and the chief financial officer and other executives left.
10. Coinbase: SEI/USD trading pair is in price-only mode.
11. Three executives at Silvergate, including the CEO, leave.

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