Daily Crypto News 14 September

The New York Attorney General (NYAG) won a victory against the crypto exchange Coinseed because of his fraudulent relationship with Dogecoin, Cointelegraph reported. It was ordered to Coinseed Inc. from NYAG Letitia James to suspend operations and pay $ 3 million in fines. James finds that this company continues to operate illegally and unethically. The trio ran the Q3 Trading Club, promising a 15% monthly return at the time. He pleaded guilty to causing $ 30 million in investor losses and faces 20 years in prison if convicted in January 2022.

 

The US Securities and Exchange Commission (SEC) has indicted three of Chinese billionaire Guo Wengi's companies for initial coin offering (ICO) and initial public offering (IPO), Cointelegraph reported. Wengui, also known as Miles Kwok or Miles Guo, is a Chinese businessman in exile known for his controversial political views. Following an investigation, the SEC found that company G did not provide investors with information on how their alleged digital assets and platform would develop. The companies agreed to pay $ 486.6 million in fines, $ 17.6 million in interest for prejudice and a $ 35 million civil sanction combined.

 

 

Three blockchain companies were among the winners of the first annual US Food and Drug Administration (FDA) challenge, Coindesk reported. These were Mojix, Wholechain and Tag One. Mojix uses decentralized books to automate the supply chain. Wholechain uses blockchain-based traceability to help coordinate fragmented supply chains for companies such as Topco Associates and Food City. TagOne minimizes regulatory and legal risk, helping companies monitor their seed-to-sales supply chains more closely through blockchain-based solutions.