Kim Kardashian to pay $1.26 million to settle crypto charges

NFT sales plunged in the third quarter, down 60% from the second quarter, according to data from NonFungible.com. In the same period, Kim Kardashian agreed to pay $1.26 million to settle charges with the U.S. Securities and Exchange Commission (SEC) for promoting a cryptocurrency on Instagram without disclosing that she was paid to do so.

The SEC's charges against Kardashian stemmed from a post she made on Instagram in late 2017 touting a new cryptocurrency called EMAX coin. At the time, Kardashian did not disclose that she had been paid to promote the coin.

Under the settlement, Kardashian will pay a $1.26 million fine and will not be allowed to promote any securities, digital or otherwise, for three years.

In other news, the U.S. Treasury is encouraging new laws to address gaps in cryptocurrency regulation. And in a private text message to Elon Musk, Twitter CEO Jack Dorsey called Facebook "the swamp of despair.

• NFT sales fell sharply in the third quarter, declining by 60% from the second quarter.
• Kim Kardashian will pay $1.26 million to settle charges that she unlawfully promoted a cryptocurrency on her Instagram account.
• The U.S. Securities and Exchange Commission (SEC) has charged Kim Kardashian for unlawfully touting a crypto security on Instagram, according to a statement.
• The U.S. Treasury Department is encouraging lawmakers to enact new laws to address regulatory gaps in the cryptocurrency space.
• Kim Kardashian has agreed to pay $1.26 million to settle charges that she failed to disclose payments she received for promoting a cryptocurrency on her Instagram account.
• The SEC has charged Kim Kardashian for unlawfully touting a crypto security on Instagram, leading to a $1.26 million settlement payment.
• If you bought EMAX crypto tokens when Kim Kardashian promoted them on Instagram, you would have lost over 95% of your investment by now.
• Kim Kardashian's Instagram post about the EMAX crypto token has led to a $1.26 million settlement with the SEC.
• Kim Kardashian ran afoul of a 1930s securities law in her Instagram post about the EMAX crypto token, SEC Chair Gary Gensler says.
• Jack Dorsey called Facebook "the swamp of despair" in private texts to Elon Musk.
• Pro-Russian groups raised nearly $400,000 in cryptocurrency to fund Moscow's war with Ukraine and evade US sanctions, according to a new report.
• The Dow Jones Industrial Average surged 764 points at the start of trading in October, as US stocks rallied on a slide in the US dollar and lower bond yields.
• US stocks rose and bond yields declined after the UK government announced it was walking back part of its tax cut plan.
• Celsius founder Alex Mashinsky withdrew $10 million worth of cryptocurrency from the company weeks before freezing customer withdrawals, as the lender headed for bankruptcy, according to a new report.
• Kim Kardashian has been fined $1.26 million by the SEC for charges related to an Instagram post promoting a cryptocurrency.
• The former CEO of Celsius withdrew $10 million in cryptocurrency from the company weeks before it froze customer accounts.
• The SEC has fined Kim Kardashian for unethically promoting cryptocurrencies.
• Kim Kardashian has been charged by the SEC over posts she made on Instagram about a cryptocurrency.
• A new article looks at whether the CIA has done more harm than good.
• Kim Kardashian has been charged in a "pump and dump" case involving a cryptocurrency.
• A new discord bot allows users to earn rewards for heavy use, and accepts cryptocurrency as payment.
• A new article looks at how players in Ultima Online had their houses burned down by other players.
• Kim Kardashian has agreed to pay $1.26 million to settle charges that she misled her followers by not disclosing that she was paid to promote a cryptocurrency on her Instagram account.
• Kim Kardashian has been fined $1.26 million for failing to disclose that she was paid to promote a cryptocurrency on her Instagram account.
• Kim Kardashian is being criticized for promoting a cryptocurrency on her Instagram account without disclosing that she was paid to do so.