{"id":12390,"date":"2022-08-24T18:58:10","date_gmt":"2022-08-24T16:58:10","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=12390"},"modified":"2022-08-24T19:40:06","modified_gmt":"2022-08-24T17:40:06","slug":"crypto-news-week-34-eu-on-the-verge-of-creating-a-new-aml-regulator","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/12390","title":{"rendered":"Crypto News Week #34 \u2013 EU On the Verge of Creating a new AML Regulator"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12390\" class=\"elementor elementor-12390\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-16918fc5 elementor-section-boxed elementor-section-height-default elementor-section-height-default mkdf-parallax-row-no mkdf-row-grid-no mkdf-disabled-bg-image-bellow-no\" data-id=\"16918fc5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-200feb07\" data-id=\"200feb07\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7bf30203 elementor-widget elementor-widget-text-editor\" data-id=\"7bf30203\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><i><b>SEC<\/b><\/i><b><i> goes after 2016 ICOs, Binance licensed in Kazakhstan, EU proposes new crypto regulation, Bitcoin under the radar: These and more in this week\u2019s Crypto News.<\/i><\/b><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:heading --><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/12390\/#Top_Crypto_News_Headlines_Of_The_Week\" title=\"Top Crypto News Headlines Of The Week\">Top Crypto News Headlines Of The Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/12390\/#Top_Stories_Of_The_Week\" title=\"Top Stories Of The Week\">Top Stories Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/12390\/#The_EU_is_on_the_verge_of_creating_a_new_AML_regulator_that_will_oversee_crypto\" title=\"The EU is on the verge of creating a new AML regulator that will oversee crypto\">The EU is on the verge of creating a new AML regulator that will oversee crypto<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/12390\/#SEC_files_suit_against_Dragonchain_over_165_million_ICO\" title=\"SEC files suit against Dragonchain over $16.5 million ICO\">SEC files suit against Dragonchain over $16.5 million ICO<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/satt-token.com\/blog\/archives\/12390\/#This_Weeks_Market_Sentiment\" title=\"This Week\u2019s Market Sentiment\">This Week\u2019s Market Sentiment<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/12390\/#3_reasons_why_the_Bitcoin_price_bottom_is_not_in\" title=\"3 reasons why the Bitcoin price bottom is not in\">3 reasons why the Bitcoin price bottom is not in<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/12390\/#Mainstream_Adoption_Of_The_Week\" title=\"Mainstream Adoption Of The Week\">Mainstream Adoption Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/satt-token.com\/blog\/archives\/12390\/#Binance_obtains_in-principle_approval_to_operate_in_Kazakhstan\" title=\"Binance obtains in-principle approval to operate in Kazakhstan\">Binance obtains in-principle approval to operate in Kazakhstan<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/satt-token.com\/blog\/archives\/12390\/#Exclusive_From_SaTT\" title=\"Exclusive From SaTT\">Exclusive From SaTT<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/satt-token.com\/blog\/archives\/12390\/#35_Leading_Tron_Bittorrent_Chain_Projects_and_Partners_Launch_the_sTRONger_Together_Challenge_an_Ecosystem_Initiative\" title=\"+35 Leading Tron &amp; Bittorrent Chain Projects and Partners Launch the sTRONger Together Challenge, an Ecosystem Initiative\">+35 Leading Tron &amp; Bittorrent Chain Projects and Partners Launch the sTRONger Together Challenge, an Ecosystem Initiative<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/satt-token.com\/blog\/archives\/12390\/#This_Weeks_Crypto_Meme\" title=\"This Week\u2019s Crypto Meme\">This Week\u2019s Crypto Meme<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_Crypto_News_Headlines_Of_The_Week\"><\/span><strong>Top Crypto News Headlines Of The Week<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><!-- \/wp:heading --><\/p>\n<p><!-- wp:list --><\/p>\n<ul>\n<li><i><span style=\"font-weight: 400;\">The SEC never forgets \u2014 five years later, the regulatory body has filed a lawsuit against Dragonchain over a $16.5 million ICO<\/span><\/i><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/li>\n<li><i><span style=\"font-weight: 400;\">Binance, the most licensed crypto exchange has obtained in-principle approval to operate in Kazakhstan.<\/span><\/i><\/li>\n<li><i><span style=\"font-weight: 400;\">Is regulation coming to the European Union? The EU is on the verge of creating a new AML regulator that will oversee crypto.<\/span><\/i><\/li>\n<\/ul>\n<p><!-- \/wp:list --><\/p>\n<p><!-- wp:heading --><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Top_Stories_Of_The_Week\"><\/span><strong>Top Stories Of The Week<\/strong><b><i><\/i><\/b><b><i><\/i><\/b><b><i><\/i><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><!-- \/wp:heading --><\/p>\n<p><!-- wp:heading {\"level\":3} --><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_EU_is_on_the_verge_of_creating_a_new_AML_regulator_that_will_oversee_crypto\"><\/span><a href=\"https:\/\/www.theblock.co\/post\/163556\/the-eu-is-on-the-verge-of-creating-a-new-aml-regulator-that-will-oversee-crypto\" target=\"_blank\" rel=\"noopener\"><b><i>The EU is on the verge of creating a new AML regulator that will oversee crypto<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><!-- wp:image {\"id\":12393,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} --><\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2022\/08\/european-commission-union-blockchain.jpg\" alt=\"\" width=\"700\" height=\"412\" title=\"\"><\/figure>\n<p><!-- \/wp:image --><\/p>\n<p><em><span style=\"font-weight: 400;\">A brand-new regulator with oversight of cryptocurrencies will soon be established by the European Union.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400;\">The Markets in Crypto Assets regulation and the hotly debated <\/span><a href=\"https:\/\/www.theblock.co\/post\/139913\/eu-parliament-aml-law-vote-crypto-wallets\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Transfer of Funds Regulation<\/span><\/a><span style=\"font-weight: 400;\"> have garnered the attention of the cryptocurrency industry, but they are only two pieces of a larger EU anti-money laundering (AML) policy package that will have significant effects on all financial institutions.<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400;\">In July of last year, the European Commission <\/span><a href=\"https:\/\/www.europarl.europa.eu\/legislative-train\/theme-an-economy-that-works-for-people\/file-6th-directive-on-amlcft-(amld6)\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">published<\/span><\/a><span style=\"font-weight: 400;\"> its proposal for the AMLD6, or Sixth Directive AML\/CFT. Last month, the European Council made the <\/span><a href=\"https:\/\/data.consilium.europa.eu\/doc\/document\/ST-10507-2022-REV-1\/en\/pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">version<\/span><\/a><span style=\"font-weight: 400;\"> public. It will be discussed by the European Parliament after the current August break. The three bodies will begin what is known as trilogues after each has passed its own version of the legislation.<\/span><\/em><\/p>\n<p><span style=\"font-weight: 400;\">According to a legislative briefing obtained by The Block, the new system is described as follows:<\/span><\/p>\n<blockquote>\n<p><i><span style=\"font-weight: 400;\">\u201cEU-level supervision consisting of a hub and spoke model \u2013 i.e. supervisor at the EU level competent for direct supervision of certain financial institutions (FIs), indirect supervision\/coordination of the other FIs, and a coordination role for supervising the non-financial sector as a first step.\u201d<\/span><\/i><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The European Parliament&#8217;s negotiations as well as ensuing trilogues with the commission will determine when implementation will take place.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It will take several years to implement the regulation, including staffing AMLA. However, there doesn&#8217;t seem to be any doubt as to the arrival of such a regulator.<\/span><b><i><\/i><\/b><b style=\"font-size: 24px; font-family: 'Open Sans', sans-serif;\"><i><\/i><\/b><\/p>\n<h3><span class=\"ez-toc-section\" id=\"SEC_files_suit_against_Dragonchain_over_165_million_ICO\"><\/span><a href=\"https:\/\/www.theblock.co\/post\/163883\/sec-files-suit-against-dragonchain-over-16-5-million-icos\" target=\"_blank\" rel=\"noopener\"><b><i>SEC files suit against Dragonchain over $16.5 million ICO<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><!-- wp:image {\"id\":12394,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} --><\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2022\/08\/1gBsI1NrtIqXUX2eZCO1Jmw-1024x574.png\" alt=\"\" width=\"700\" height=\"393\" title=\"\"><\/figure>\n<p><!-- \/wp:image --><\/p>\n<p><span style=\"font-weight: 400;\">Another initial coin offering from 2017 has been targeted by legal action from the Securities and Exchange Commission. The SEC <\/span><a href=\"https:\/\/www.sec.gov\/litigation\/litreleases\/2022\/lr25468.htm?utm_medium=email&amp;utm_source=govdelivery\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">filed a lawsuit<\/span><\/a><span style=\"font-weight: 400;\"> on August 16 against a number of companies connected to Dragonchain and its founder John Joseph Roets over the presale and ICO, which at the time brought in $16.5 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The commission refers to the ICO as an unregistered securities offering and demands that the money be returned along with a civil monetary fine.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The presale occurred in 2017, soon following the SEC&#8217;s <\/span><a href=\"https:\/\/www.theblock.co\/linked\/84766\/sec-56-court-cases-2017-dao\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">July DAO Report<\/span><\/a><span style=\"font-weight: 400;\">. The SEC would treat ICOs in the future as potential securities offerings as a result of the study, which constituted a defining moment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The SEC continues to pursue legal action against some of these offerers and a handful of <\/span><a href=\"https:\/\/www.theblock.co\/post\/157933\/court-sides-with-sec-in-ico-promotion-case-against-former-mcafee-assistant\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">unnamed paid promoters<\/span><\/a><span style=\"font-weight: 400;\"> five years after the event.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Market_Sentiment\"><\/span><b style=\"font-size: 24px; font-family: 'Open Sans', sans-serif;\"><i><\/i><\/b><strong style=\"font-size: 36px;\">This Week\u2019s Market Sentiment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"3_reasons_why_the_Bitcoin_price_bottom_is_not_in\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/3-reasons-why-the-bitcoin-price-bottom-is-not-in\" target=\"_blank\" rel=\"noopener\"><b><i>3 reasons why the Bitcoin price bottom is not in<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><!-- wp:image {\"id\":3808,\"width\":700,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} --><\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Bitcoin-cover_9-1024x576.jpg\" alt=\"\" width=\"700\" height=\"576\" title=\"\"><\/figure>\n<p><!-- \/wp:image --><\/p>\n<p><span style=\"font-weight: 400;\">On the daily chart, the price of BTC increased 2.58% to $21,372 per token but was still down by almost 14.5% week to date, its worst weekly returns since mid-August.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On-chain data, however, point to the possibility that Bitcoin&#8217;s correction phase is nearing its conclusion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This includes <\/span><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-miner-capitulation-due-to-end-amid-1st-difficulty-increase-since-june\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Hash Ribbons<\/span><\/a><span style=\"font-weight: 400;\">, a statistic used to assess whether miners are operating in accumulation or capitulation mode by monitoring the hash rate of Bitcoin. For the first time since August 2021, the indicator as of August 20 indicates that the miners&#8217; capitulation is done, which might cause the price momentum to change from negative to positive.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite this, a flurry of current bearish indicators, from unfavorable technical setups to its persistent vulnerability to macro threats, have prevented Bitcoin from recovering. A bearish continuation therefore cannot be ruled out despite positive on-chain metrics.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><i>Here are three reasons why Bitcoin\u2019s market bottom may not be in yet.<\/i><\/span><\/p>\n<p><b>BTC price rising wedge breaks down:<\/b><span style=\"font-weight: 400;\"> This week&#8217;s price drop in bitcoin has resulted in a <\/span><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-sees-firm-rejection-at-24-5k-as-traders-doubt-strength\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">rising wedge breakdown<\/span><\/a><span style=\"font-weight: 400;\">, which might presage further losses for the cryptocurrency in the weeks ahead.<\/span><\/p>\n<p><b>Bitcoin bulls are misjudging the Fed:<\/b><span style=\"font-weight: 400;\"> Contrary to reports that the Fed might cut interest rate, St Louis Fed president James Bullard has <\/span><a href=\"https:\/\/www.wsj.com\/articles\/feds-bullard-leans-toward-favoring-0-75-percentage-point-september-rate-rise-11660842768\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">noted<\/span><\/a><span style=\"font-weight: 400;\"> that he would support a third consecutive 75 basis point raise at the central bank\u2019s policy meeting in September. The statement falls in line with the Fed\u2019s commitment to bring inflation down to 2% from its current 8.5% level.<\/span><\/p>\n<p><b>If history is any indicator:<\/b><span style=\"font-weight: 400;\"> The ongoing Bitcoin price recovery risks turning into a false bullish signal given the asset\u2019s similar rebounds during previous bear markets. If history repeats itself, we could see several such rebounds followed by new lows.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mainstream_Adoption_Of_The_Week\"><\/span><b><i><\/i><\/b><strong style=\"font-size: 40px;\">Mainstream Adoption Of The Week<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Binance_obtains_in-principle_approval_to_operate_in_Kazakhstan\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/binance-obtains-in-principle-approval-to-operate-in-kazakhstan\" target=\"_blank\" rel=\"noopener\"><b><i>Binance obtains in-principle approval to operate in Kazakhstan<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><!-- wp:image {\"id\":12395,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} --><\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2022\/08\/istockphoto-1142841058-612x612-1.jpg\" alt=\"\" width=\"700\" height=\"467\" title=\"\"><\/figure>\n<p><!-- \/wp:image --><\/p>\n<p><span style=\"font-weight: 400;\">The Astana Financial Services Authority, or AFSA, a free-standing financial watchdog in Kazakhstan, has moved closer to approving Binance&#8217;s application for a license to operate in the country.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a statement released on Monday, AFSA <\/span><a href=\"https:\/\/afsa.aifc.kz\/news\/binance-obtains-in-principal-approval-from-afsa-to-operate-a-digital-asset-trading-facility-and-provide-custody-in-the-astana-international-financial-centre\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">stated<\/span><\/a><span style=\"font-weight: 400;\"> that it has given Binance preliminary authorization to operate as a digital asset trading facility and to offer custody services in the Astana International Financial Centre, a major financial hub in Nur-Sultan. Binance <\/span><a href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/binance-obtains-inprinciple-approval-from-afsa-to-operate-in-kazakhstan-8070712715201585813\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">stated<\/span><\/a><span style=\"font-weight: 400;\"> in a blog post on Monday that it needs to complete the application procedure in order to receive approval, which the<\/span> cryptocurrency<span style=\"font-weight: 400;\"> exchange anticipates doing &#8220;in due course.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A &#8220;vibrant ecosystem of digital assets industry locally and regionally&#8221; could emerge as a result of the decision to award Binance a license to <\/span><a href=\"https:\/\/cointelegraph.com\/news\/what-kazakhstan-s-new-tax-regime-means-for-the-crypto-mining-industry\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">operate in Kazakhstan<\/span><\/a><span style=\"font-weight: 400;\">, commented AFSA CEO Nurkhat Kushimov. Changpeng Zhao, the founder, and CEO of Binance said the exchange sought to take a &#8220;compliance-first&#8221; stance, offering products and services &#8220;in a safe and well-regulated environment&#8221; throughout the globe.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exclusive_From_SaTT\"><\/span><b><i><\/i><\/b><strong style=\"font-size: 40px;\">Exclusive From SaTT<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"35_Leading_Tron_Bittorrent_Chain_Projects_and_Partners_Launch_the_sTRONger_Together_Challenge_an_Ecosystem_Initiative\"><\/span><a href=\"https:\/\/cryptonews.com\/news\/35-leading-tron-bittorrent-chain-projects-partners-launch-stronger-together-challenge-an-ecosystem-initiative.htm\" target=\"_blank\" rel=\"noopener\"><b><i>+35 Leading Tron &amp; Bittorrent Chain Projects and Partners Launch the sTRONger Together Challenge, an Ecosystem Initiative<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><!-- wp:image {\"id\":12399,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} --><\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2022\/08\/stronger-toghether-1920-900-16604770596jmogoerdq___media_library_original_1920_800-1024x427.jpeg\" alt=\"\" width=\"700\" height=\"292\" title=\"\"><!-- \/wp:image --><\/figure>\n<p><span style=\"font-weight: 400;\">The inaugural season of the sTRONger Together Challenge, an initiative showcasing the best projects within the TRON and BitTorrent Chain ecosystem, has begun. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The over 30 decentralized projects including SaTT will feature in the month-long expo organized by Visions of Blockchain and will cover a variety of verticals, including but not limited to GameFi, NFTs, DeFi, and Esports. Throughout the challenge, more than $10,000 USDT will be distributed to the TRON and BitTorrent Chain communities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The sTRONger Together Challenge was created as a direct method of giving back to the TRON &amp; BitTorrent Chain communities and motivating people to support these projects. It&#8217;s a chance to highlight the blooming ecosystem and show the various ways in which BitTorrent and TRON are progressing together. The challenge will also highlight the rapid pace of development that has been ongoing on TRON throughout the year, despite market uncertainties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of Monday August 15, sTRONger Together Challenge will feature one social media post per day for 30 days. Each post will highlight the work of one TRON or BitTorrent Chain project and include an invitation to interact with its platform and community. TRON and BitTorrent projects and their communities will be invited to participate by sharing, liking, reposting, and engaging in other social activities that will spread the word.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For each day that the challenge runs, a community airdrop will be conducted, with a total of over $10,000 USDT to be given away during the course of the campaign.<\/span><\/p>\n<p><!-- \/wp:heading --><\/p>\n<p><!-- wp:heading {\"level\":3} --><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Crypto_Meme\"><\/span><strong>This Week\u2019s Crypto M<\/strong>eme<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>We hope you enjoyed this week&#8217;s edition of crypto news. For a peek at our previous edition of crypto news &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2022\/08\/17\/crypto-news-week-33-ethereum-hits-8-month-highs-as-merge-approaches\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n<p><!-- \/wp:heading --><\/p>\n<p><!-- wp:paragraph --><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><!-- wp:image {\"id\":12396,\"width\":768,\"height\":768,\"sizeSlug\":\"full\",\"linkDestination\":\"none\"} --><\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2022\/08\/0Vfa9pVpbeqIBBwZi.jpg\" alt=\"\" width=\"768\" height=\"768\" title=\"\"><\/figure>\n<p><!-- \/wp:image --><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>SEC goes after 2016 ICOs, Binance licensed in Kazakhstan, EU proposes new crypto regulation, Bitcoin under the radar: These and more in this week\u2019s Crypto News. Top Crypto News Headlines Of The Week The SEC never forgets \u2014 five years [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":4917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[656,47],"tags":[105],"class_list":["post-12390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","category-crypto-stories","tag-crypto-news"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/12390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=12390"}],"version-history":[{"count":25,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/12390\/revisions"}],"predecessor-version":[{"id":12433,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/12390\/revisions\/12433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/4917"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=12390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=12390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=12390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}