Coinbase Pays $6.5M Penalty Over Wash Trading & More – March 22


📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$57,738

Bitcoin price has traveled more or less sideways over the weekend, starting off the week just a few hundred dollars below pre-weekend levels.

Top-20 altcoins are doing well over the last 24 hours, as Ethereum gains just over 1%, XRP rises 9% and THETA jumps 18%.

Top Stories for March 22, 2021 🔥

👉 Coinbase Pays $6.5M Penalty Over Wash Trading & More

Coinbase has settled with the Commodity Futures Trading Commission (CFTC), over allegations of wash trading, inaccurate reporting and more.

The CFTC claims that between 2015 and 2018, Coinbase “recklessly delivered false, misleading, or inaccurate reports concerning transactions in digital assets”.

There were also allegations of wash-trading in Litecoin (LTC) markets during August and September of 2016.

👉 FATF Draft Guidance Highlights DeFi and NFT Sectors

The Financial Action Task Force (FATF) has released new draft guidance on cryptocurrencies, which gives acknowledgement to decentralized finance (DeFi) and NFTs.

The FATF claims that entities involved with DeFi DApps may now be considered  virtual asset service providers, which may have to meet anti-money laundering requirements.

One particular phrase was also modified from mentioning “fungible” assets to instead mention assets that are “convertible and interchangeable” – now including NFT tokens.

👉 Christiano Ronaldo Awarded JUV Tokens For Each Career Goal

Soccer star Christiano Ronaldo has been awarded Juventus fan tokens (JUV) for each of his career goals scored.

The 770 JUV tokens awarded to Ronaldo exist on the Chiliz blockchain, in partnership with the Socios platform. The tokens are designed to give fans perks and a voice in club decisions.

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