Market Watch | Bitcoin | $10,474 | 7 day: -1.8% | | Ethereum | $344 | 7 day: -7.9% | | All crypto | $332b | 7 day: -4.3% | | Bitcoin dominance | 58.4% | 7 day: +1.4% | Prices as of 3:45 p.m. EDT
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 Enigma still has a lot more to pay Enigma (ENG) has filed a securities registration with the SEC after agreeing to settle charges regarding its ICO. - Blockchain startup Enigma (ENG) raised approximately $45m during an unregistered securities offering in 2017, which it falsely claimed at the time was a non-security Initial Coin Offering (ICO).
- It has now filed a registration with the SEC dated September 18.
- Company officials announced paying a $500,000 penalty as part of a settlement with the SEC, and launching a mainnet with 20 participating validators.
- Enigma will likely be required to return funds to harmed investors, commonly called disgorgement, which will probably amount to several million dollars.
- The Enigma project's previous fundraising goal was to build a so-called digital asset trade-testing platform. It wanted to operate a marketplace for data. The new registration document mentions a new initiative called Secret (SCRT) Protocol.
- SCRT received an investment of an undisclosed amount from Hashed, a blockchain company in Asia.
Coindesk 
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Bitfinex and Tether (USDT) legal representatives have again declined to produce the documents requested by the New York Attorney General (NYAG). - During a web conference last week, NY Judge Cohen ordered the production of documents, extended an injunction by 90 days that bars Tether from loaning funds to Bitfinex, and declined to narrow down NYAG's requests.
- Judge Cohen cited today's circulation of over $15b worth of USDT.
- The operators of Crypto Capital, a payment processor for Bitfinex customers, were indicted last year.
- Bitfinex has filed for a number of subpoenas to try and recover the nearly $1b it lost from Crypto Capital.
- For more on this ongoing legal battle, see this edition of Inside Cryptocurrency.
Coindesk
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 Kiev, Ukraine Regarding the influence of Ukraine on the crypto industry. Ukraine is a powerful player in the global crypto industry. Below is a timeline of some notable events. We will continue monitoring developments from Ukraine at Inside Cryptocurrency. - Alex Bornyakov, Deputy Minister of Digital Transformation on Ukraine, revealed plans to legalize cryptocurrencies during an interview in September 2019. He wants people working in the crypto industry to come out of gray zones.
- Ukraine's government passed the final draft of a money laundering law based on the Financial Action Task Force (FATF) guidelines in December 2019, applicable to both virtual assets and virtual asset providers, that will require verifications for both senders and receivers.
- Ukraine's Ministry of Digital Transformation published a "Manifesto on Virtual Assets" in February 2020, stating that mining cryptocurrencies should not be regulated by government bodies or third parties.
- Ukraine's National Agency on Corruption Prevention published a set of instructions to report yearly income declarations, categorizing cryptocurrencies as "tangible assets" on March 2, 2020.
- On May 18, the Ukrainian Digital Ministry published a draft bill co-authored by state authorities and crypto entrepreneurs such as Michael Chobanian, president of Bitcoin Association Ukraine. The bill would enable local crypto firms to open bank accounts.
- Ukraine's Ministry for Digital Transformation signed an agreement on July 23, implementing a crypto analytics tool by Bitfury known as Crystal to track illicit crypto transactions.
- Ukraine leads global crypto adoption on a worldwide scale, followed by China and Russia, according to a report by forensic blockchain analytics company Chainalysis.
Ukraine is also developing a central bank digital currency (CBDC) called the e-hryvnia. - Ukraine's CBDC leaders have "arguably provided the most publicly available technical perspective among European nations," according to a research report from The Block Crypto.
- The National Bank of Ukraine has been testing an electronic form of its hryvnia currency since 2018.
- Bank officials formally released e-hryvnia pilot results in June 2019.
- In February 2020, the National Bank of Ukraine shared its e-hryvnia CBDC project findings with global central bank representatives at an international central banking conference in Kiev.
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Popular privacy coin Dash (DASH) announces its upcoming Dash Platform. - Dash's P2P network is transitioning into an ostensibly decentralized cloud service dubbed "Dash Platform," according to a video on Dash's YouTube channel.
- The platform will support blockchain-verified user data storage as well as a decentralized API.
- Dash Platform claims to allow Dash users to utilize familiar interfaces and store data within its decentralized cloud service.
- It will include a decentralized API for users to integrate their applications with DASH, a username layer to transfer DASH using non-cryptographic usernames.
- Cloud functionalities of Dash Platform means that it can sync data across tablets, desktop, smartphones, etc.
CoinTelegraph
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Iranian cryptocurrency miners may now bid for power from a major electricity provider, Thermal Power Plant Holdings. - The head of Iran's Thermal Power Plant Holding Company has announced plans for a tender to offer electricity from three power stations, according to an Iranian news report.
- The Iranian government's economic commission legalized cryptocurrency mining in July 2019.
- The Governor of the Central Bank of Iran, Abdolnaser Hemmati, approved a mechanism for crypto mining and published directives such as applying export rates for electricity used for crypto mining.
- The Iranian government previously allowed some thermal power stations to offer excess electricity to cryptocurrency miners, which reduces pressure on the national grid during low consumption (overnight) times.
Tehran Times
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Coinbase Pro imposes higher gas fees as Ethereum (ETH) network congestion sets a new record. - U.S-based cryptocurrency exchange Coinbase Pro announced that it will not be covering network fees in a tweet on September 17. Coinbase is receiving some backlash from disappointed users.
- Coinbase explained in a thread of tweets that due to Ethereum (ETH) network congestion, it will charge customers network fees that are high enough to incentivize Ethereum miners financially.
- Bitcoin has been relatively inactive and has recorded a decrease in fundamental on-chain activity according to Glassnode's report.
- Coinbase recently listed two DeFi projects, Yearn.fi (YFI) and Uniswap token (UNI). The Uniswap airdrop announcement triggered the spike in Ethereum miner's transaction fees.
- Gas fees remain elevated.
Coinbase Pro
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Quick Hits: - Buzzfeed's investigative news subdivision reports on the "FinCEN files." Journalists detail information of suspicious activity reports from banks to FinCEN between 2000 to 2017, revealing the scale of global financial corruption that can be measured in trillions of dollars. The files show that the Bank of New York reported transactions in 2017 that were later found out to be connected to entities linked with OneCoin's Ponzi scheme.
- Carolyn Wilkins, the senior deputy governor of the Bank of Canada and leader of its CBDC project called Jasper, is not seeking a second term, according to an announcement on September 18. Wilkins is the co-author of this paper on CBDCs.
- Binance announces support for Coinbase's stablecoin, USD Coin (USDC), on its Binance Liquid Swap ("BSwap") platform. It further opened a USDC/USDT liquidity pool for users.
- The European Union is preparing to introduce a framework of rules applied to cryptocurrencies and distributed ledger technology to clarify risks associated with these technologies by 2024.
- DeFi yield farming aggregator APY.Finance raises $3.6m.
- Binance ringfences some DeFi tokens.
- Brands see 18.5% of e-commerce revenue from SMS marketing. See 6 top SMS campaigns here.*
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Thanks to everyone who participated in last week's survey: "Do you trust crypto.com?" The results are in! 59% said "No." 41% said "Yes." Stay tuned for our next survey soon! | |  Aaron |  | | |
 |  | Written and curated by wide-eyed bitcoin watcher since $1, Aaron Wise. Streaming headline junkie, Associated Press fanboy, eye-strained news terminal watcher, 2017 founder of Cryptocurrency Newsfeed. Temporarily based in Florida while awaiting the construction of cryptopia. | | | | Editor | Written and curated by Eduardo Garcia in New York. Eduardo is writing an illustrated book about climate change that will be published by Ten Speed Press, an imprint of Penguin Random House. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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