The recent decision by SDNY District Judge Jed Rakoff has stirred controversy in the crypto world, as it challenges the landmark Ripple decision and blurs the line between institutional and public sales of crypto assets. In the case against Terraform Labs and founder Do Kwon, Judge Rakoff has dismissed the distinction made in the Ripple case and sided with the …
Continue ReadingGameStop, the popular gaming retailer known for its Wallstreetbets fame, made headlines in July 2022 when it launched its NFT marketplace. However, just over a year later, the company announced that it would no longer support its crypto extension wallet due to regulatory uncertainty in the crypto space. The decision to discontinue the iOS and Chrome Extension wallets, effective from …
Continue ReadingThe meme cryptocurrency BALD experiences an 87% price drop amid suspicions of a liquidity drain and alleged involvement of prominent crypto figures. Key Points BALD, the meme cryptocurrency, has experienced a significant drop of over 87% in the past 24 hours, causing its value to plummet to around $0.00616 during the early European market on Tuesday. This sudden price decline …
Continue ReadingNFT Holders Given the Opportunity to See Their Digital Collectibles on the Formula One (F1) Track at the U.S. Grand Prix In an exciting collaboration between Williams Racing and crypto exchange Kraken, NFT holders now have the chance to see their digital collectibles racing around the Formula One (F1) track during this year’s U.S. Grand Prix on October 22 in …
Continue ReadingCourt Ruling Sparks Discussions on Legal Status of Ethereum and Ethereum DCUs In a significant development in the cryptocurrency legal landscape, a recent court ruling has ignited intense debates about the legal classification of Ethereum (ETH) and Ethereum DCUs. The ruling dismissed a lawsuit by HODL Law, which sought declaratory relief regarding whether Ethereum and Ethereum DCUs should be considered …
Continue ReadingBinance’s terminated partnership with Paxos leads to the launch of stablecoin FDUSD, and Binance plans to collaborate with other stablecoin projects. Key Points The Chief Executive Officer of Binance, Changpeng Zhao (CZ), recently revealed that the terminated partnership with Paxos has led to the introduction of the stablecoin FDUSD. In 2019, Binance and Paxos collaborated to launch BUSD, a USD-denominated …
Continue ReadingVelar, the trailblazing DeFi protocol with Bitcoin finality, celebrates the launch of Velar Dharma Mainnet, a momentous achievement that propels decentralized finance on the Bitcoin network to unprecedented heights. This milestone presents users with an exceptional opportunity to tap into the true potential of DeFi while harnessing the strength and trust of Bitcoin. With its revolutionary automated liquidity protocol, Velar …
Continue ReadingWorldcoin’s Orb: An Innovative Solution for AI and Digital Identity Challenges In a groundbreaking development, Sam Altman, CEO of OpenAI, has successfully launched Worldcoin’s Orb, a revolutionary blockchain-based global verification system. This system incorporates an innovative eyeball-scanning orb to verify human identity and create a digital passport, ensuring a clear distinction between humans and AI. Altman envisions a future where …
Continue ReadingCardano NFTs (CNFTs) have been making waves in the cryptocurrency world, despite being overshadowed by larger chains like Ethereum. While Cardano may have fewer users compared to its competitors, it has managed to generate significant volumes in terms of dollars traded. This is especially impressive considering the lower price per coin on Cardano, which means more sales are needed to …
Continue ReadingVera Molnár’s “Themes and Variations” NFT collection sells out at a Sotheby’s auction, raking in $1.2 million in just an hour. Key Points Vera Molnár’s NFT collection created a buzz in the art world as it sold out within an hour at a Sotheby’s auction, generating an impressive $1.2 million in sales. The collection, named “Themes and Variations,” consists of …
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