Axie Infinity, the popular game that combines dynamic NFTs with adorable monster characters, is taking customization and growth to a whole new level with the introduction of Axie Levels and Experience Points (AXP). Players now have the opportunity to enhance their Axies and embark on an exciting journey of progress. Here’s everything you need to know. In a nutshell, players …
Continue ReadingIn a surprising turn of events, the U.S. Securities and Exchange Commission (SEC) has confessed its inability to classify syndicated loans as securities. The SEC’s admission came in a letter to a court that was eagerly awaiting its opinion on the matter. The court had asked the SEC in March to determine whether syndicated term loan notes could be considered …
Continue ReadingLuxury jewelry brand Bäumer Vendôme has made a bold move by launching a groundbreaking collaboration that intertwines NFTs (non-fungible tokens) with physical jewelry design. This innovative initiative offers a range of NFTs with a price range from €116,000 to €320,000 Euros. In addition to the digital aspect, customers also have the opportunity to experience the physical beauty of the jewelry …
Continue ReadingCongress urges the SEC to create clear regulations for the cryptocurrency industry following the XRP lawsuit, raising questions about the future direction of crypto regulation. Key Points In the world of XRP, there is a new buzz surrounding the calls from Congress for the U.S. Securities and Exchange Commission (SEC) to create comprehensive and efficient regulations for the cryptocurrency industry. …
Continue ReadingLouis Vuitton, the renowned luxury fashion brand, has introduced its iconic Speedy bag in the form of a non-fungible token (NFT) for holders of the Louis Vuitton Treasure Trunk NFT. This collaboration between Louis Vuitton and Pharrell, the brand’s Men’s Creative Director, offers a new version of the iconic 1930s bag exclusively for Treasure Trunk NFT holders. Pharrell himself unveiled …
Continue ReadingCrypto industry and US legislators face the aftermath of the Ripple case and the Torres Doctrine, shedding light on the political forces shaping cryptocurrency legislation. Ron Hammond, the Director of Government Relations at the Blockchain Association, provides insights into the ongoing saga and potential shifts in congressional attitudes towards cryptocurrency regulations. According to Hammond, the Ripple case has had a …
Continue ReadingNeopets Cancels NFT Game Despite $4 Million in Funding Neopets, the popular virtual pet simulator web game, made waves in the crypto world with its NFT game venture. Backed by $4 million in crypto funding, the highly anticipated Neopets Metaverse seemed promising. However, the company surprised the community by abruptly canceling the project and focusing on a non-crypto mobile game …
Continue ReadingAttorney Bill Morgan counters Max Keiser’s criticism of XRP, citing its regulatory clarity after Ripple’s victory against the SEC, indicating a promising future for the token. Key Points In the ongoing Ripple vs. SEC lawsuit, there has been no shortage of opinions and criticisms from both sides. One notable critic of XRP is Max Keiser, a well-known Bitcoin maximalist. However, …
Continue ReadingThe Rise of ThreadGuy Opepen: A Movement Ignited in the NFT Community Twitter has been buzzing with excitement over the past 36 hours as the ThreadGuy Opepen craze takes hold. NFT artist Jack Butcher’s act of kindness has sent shockwaves through the Web3 community. With his creation of a custom ThreadGuy Opepen edition NFT, Butcher not only showcased the true …
Continue ReadingIn a groundbreaking legal ruling, Judge Torres has established what is now known as the “Torres Doctrine.” This doctrine applies the 1946 Howey Test to the modern-day use of blockchain technology, as seen in the Ripple case. The decision has been met with approval from lawyers in the cryptocurrency industry, particularly John E Deaton, the founder of Crypto Law US. …
Continue Reading