#BlocklikeNews South Korea’s Financial Services Commission (FSC) Financial Intelligence Unit (FIU) announced sanctions against crypto finance company Delio, including suspending all operations for three months, fined 1.896 billion won (approximately $1.44 million), and fired a senior executive.

The FIU said Delip transferred customer virtual assets 171 times for unreported foreign virtual asset operators and supported unreported foreign virtual asset operators in storing virtual assets. Additionally, Delio breached its customer identification obligations by failing to conduct a money laundering risk assessment before offering new products and services.

#BlocklikeNews NFT lending agreement ParaSpace stated on the X platform that ParaSpace will migrate to ParaX and will assist TVL top accounts in migrating to the new ParaX platform starting today.

In addition, ParaSpace released ParaX Medal NFT airdrop details, in which 200 NFT airdrops will be airdropped to top accounts that help stabilize the exchange rate; 1,000 NFT airdrops will be airdropped to the top 1,000 migrating accounts ranked by TVL and BNPL; 800 NFT airdrops will be airdropped to those who have not entered the top 1,000 accounts that still complete the migration (first come, first served).

Prior to yesterday’s news, ParaSpace and Parallel Finance will merge into the Web3 super application ParaX; ParaSpace said that ParaX Medal NFT will be airdropped to the first 2,000 users who migrate to ParaX for a limited time. Parallel Finance stated that there will be future airdrops for PARA and HKO holders when Parallel Finance transitions to the new ParaX platform.

#BlocklikeNews Ethereum community consultant superphiz.eth said on the No more than 22% of the total pledged amount, designed to deal with the increasing centralization of the Ethereum pledge market.

#BlocklikeNews Cryptocurrency businesses in the UK can now start withholding certain cryptocurrency transfers to comply with new cryptocurrency travel rules that come into effect on September 1.

The UK’s Financial Conduct Authority first introduced rules for virtual asset service providers on Aug. 17, ensuring that UK-based VASPs would “collect, verify and share information related to the transfer of crypto assets.” If an inbound payment is received from a person or entity in an overseas jurisdiction that has not implemented the Travel Rule, VASPs must conduct a “risk-based assessment” of whether to provide crypto assets to beneficiaries.

The travel rule was established in June 2019 by the United Nations agency Financial Action Task Force. The UK will introduce legislation to enforce the travel rules in July 2022. The rule changes are aimed at preventing money laundering and terrorist financing activities on-chain.

#BlocklikeNews The U.S. Securities and Exchange Commission (SEC) said on Thursday it would delay approval of seven spot Bitcoin ETF proposals as the agency reviews a recent round of filings.

The regulator said in separate filings that decision deadlines for BlackRock’s iShares Bitcoin Trust, Fidelity’s Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, WisdomTree Bitcoin Trust and Invesco Galaxy Bitcoin ETF will be extended to October 17th, while the deadline for the Valkyrie Bitcoin Fund was pushed back to October 19th.

Additionally, the decision deadline for the Bitwise Bitcoin ETP Trust has also been pushed back to October 16.

#BlocklikeNews South Korean crypto financial company Delio disclosed the platform’s deposit size and loss estimates for the first time after suspending withdrawals for more than 2 months. The deposit size on the Delio platform is approximately 90 billion won (approximately $67.95 million), and the current situation is estimated to have a loss rate of 30-50%.

Delio said that the final loss rate needs to be confirmed after the completion of measures such as the recovery and liquidation of operating assets, so it is currently only an estimate; this number is not final and may change depending on the situation; if the final loss scale is determined in the future, it will Prepare additional compensation on this basis.

#BlocklikeNews Ethereum Layer2 expansion solution Starknet stated that the Starknet community has launched a 24-hour limited-time "Starknet Quantum Leap" NFT casting event to celebrate the huge leap of Starknet mainnet v0.12.1.

#BlocklikeNews Hong Kong’s licensing system for virtual asset trading platform operators is a “dual license” system. In addition to the licensing system for "security tokens" applicable to the Securities and Futures Ordinance, there is also another licensing system for "non-security tokens" applicable to the "Anti-Money Laundering" that will officially take effect on June 1, 2023. Licensing system under the Ordinance.

Currently, several virtual asset trading platforms, including OSL Exchange and HashKey Exchange, are applying for the second type of license, but no license has been approved yet. The Hong Kong Securities and Futures Commission has previously stated that the terms and characteristics of virtual assets may evolve over time, and the definition standards of "security tokens" and "non-security tokens" may also change. Therefore, in order to ensure compliance, virtual asset platforms should hold Dual license plates.

#BlocklikeNews The U.S. Securities and Exchange Commission (SEC) filed a motion to seal in the District Court for the District of Columbia asking the court to allow it to file certain documents under seal. Although the specific contents of the document are not public, it may mean that the SEC is preparing to further reveal its allegations and evidence against Binance. According to previous reports, on June 5, the SEC sued Binance and CZ for violating U.S. securities rules.

#BlocklikeNews According to WSJ, #Binance is reevaluating its Russian business, including the possibility of a full withdrawal from the market.

#BlocklikeNews The SEC charged Impact Theory, a media and entertainment company, with the “unregistered offering of NFTs.” Impact Theory agreed to pay a combined total of more than $6.1 million in disgorgement, prejudgment interest, and a civil penalty.

#BlocklikeNews Multi-chain NFT market BlueMove officially stated that because the transaction volume on Sei did not meet expectations, BlueMove will stop operations on Sei Network at 12:00 on August 31, Beijing time. BlueMove kindly asks all users to delist their NFTs during this period to prevent any potential loss of assets.

#BlocklikeNews NFT market FirstMate announced the completion of US$3.75 million in financing, led by Dragonfly Capital, with participation from Coinbase Ventures and NextView.

Founded in 2022 by former Instagram and Walmart employees, FirstMate has so far launched on behalf of Bankless, Gmoney’s 9dcc, FELT Zine, Sound.xyz, and more. Its marketplace currently supports over a thousand collections, spanning everything from generative art to luxury apparel.

#BlocklikeNews On August 28, Shiba Inu chief developer Shytoshi Kusama posted that the Shibarium mainnet and cross-chain bridge withdrawals are now fully operational, and users can now complete withdrawals of various assets, including ETH and Shib, within 45 minutes to 3 hours. , Leash and WEHh. Withdrawals of the Shibarium network’s native Bone tokens take up to 7 days.

According to previous reports, on August 24, according to Shibariumscan block explorer data, the Ethereum Layer 2 network Shibarium Network launched by Shiba Inu has resumed block production.

#BlocklikeNews Nick, a former employee of Solana’s ecological decentralized automation network Clockwork, tweeted that due to the opportunity cost and limited business prospects, the Clockwork development team and himself decided not to develop the protocol. Developers can continue to use the software they wrote, but the team will be closed on 10 Devnet and mainnet nodes will be shut down on March 31st. On-chain programs will be frozen, and the code will continue to be open source and freely available on GitHub. If the community is willing to improve the protocol, the team will fully support forks and releases. For users who currently rely on Clockwork, the team will do its best to ensure the continuity of the service

According to previous reports, in August 2022, Clockwork completed a $4 million seed round of financing, led by Multicoin Capital and Asymmetric, with participation from Solana Ventures and El Cap Ventures.