Illustration: Rebecca Zisser/Axios

On Thursday, Bitcoin Cash, itself a "fork" (or clone) of the original Bitcoin, split into two versions that will go their separate ways, and create their separate sets of headaches for users. But here's what else happened in the industry this week.

Catch up quick: Cryptocurrency scams are thriving on Twitter eight months after it said it was working to eliminate them; two initial coin offering issuers settle Securities and Exchange Commission registration charges; and Nvidia nurses a "crypto hangover" as demand for mining chips evaporates.

Cryptocurrency scams are thriving on Twitter eight months after it said it was working to eliminate them (BuzzFeed)

  • Why it matters: Scammers on social media networks are taking advantage of two weaknesses at the same time. The first is the frenzy and lack of information about cryptocurrencies that are making it easy for people to buy into scams because they believe they can make a quick buck. The second is that social networks like Twitter still have a lot of work to do to keep this type of abuse completely at bay.

Two ICO issuers settle SEC registration charges, agree to register tokens as securities (SEC website)

  • Why it matters: "These are the Commission’s first cases imposing civil penalties solely for ICO securities offering registration violations," the commission wrote in its announcement. It added that both issuers, Airfox and Paragon, conducted their ICOs after the SEC issued its report last year warning the industry that some could qualify as securities.

Nvidia nurses 'crypto hangover' as demand for mining chips evaporates (CNBC)

  • Why it matters: The ups and downs of cryptocurrency prices have business consequences beyond their direct investors, as Nvidia's challenges shows. Similarly, investors had concerns over the valuation of cryptocurrency exchange Coinbase, as Axios previously reported, due to its exposure to digital token prices.

Go deeper

Bryan Walsh, author of Future
57 mins ago - Health

Rockefeller Foundation commits $1 billion for COVID-19 recovery

A health worker performs a COVID-19 test in New Delhi. Photo: Raj K Raj/Hindustan Times via Getty Images

The Rockefeller Foundation announced on Monday that it will allocate $1 billion over the next three years to address the pandemic and its aftermath.

Why it matters: The mishandled pandemic and the effects of climate change threaten to reverse global progress and push more than 100 million people into poverty around the world. Governments and big NGOs need to ensure that the COVID-19 recovery reaches everyone who needs it.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk — Mark Meadows: "We are not going to control the pandemic"
  2. Health: 13 states set single-day coronavirus case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. World: Italy tightens restrictions Spain declares new state of emergency.
  4. Media: Fox News president and several hosts advised to quarantine after possible COVID-19 exposure

Fox News president and several hosts advised to quarantine in COVID-19 precaution

A political display is posted on the outside of the Fox News headquarters on 6th Avenue in New York City in July. Photo: Timothy A. Clary/AFP via Getty Images

Fox News President Jay Wallace and anchors Bret Baier and Martha MacCallum are among those recommended to get tested and quarantine after possible exposure to COVID-19, the New York Times first reported Sunday night.

The big picture: The Fox News contingent, which also included "The Five" show hosts Juan Williams and Dana Perino, were on a charter flight from Nashville to New York following Thursday's presidential debate with a person who later tested positive for the coronavirus.

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