💰 Spendy… The SEC said Kraken would close up its crypto-staking program and pay a $30M fine. The regulator said the exchange had failed to properly register its program, which advertised up to a 20% yield.
🪙 Coins… One of the longest-running crypto exchanges, LocalBitcoins, said it's shutting down. The 10-year-old biz initially grew to prominence by facilitating face-to-face meetups where traders swapped $$ for BTC.
📸 Flashy… Revenue from dark-net markets plunged by half last year, to $1.3B, a new report said. A main driver: last spring authorities shuttered Hydra, a Russian-language market for drugs and money laundering.
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