The United States Securities and Exchange Commission (SEC) recently charged entertainment company Impact Theory for allegedly conducting the sales of unregistered securities in the form of nonfungible tokens (NFTs) called “Founder’s Keys”. The SEC believes that the NFTs were investment contracts and qualified as securities, and that the company violated the Securities Act of 1933 […]
The European Union has recently seen the launch of the first-ever spot Bitcoin ETF, issued by London-based Jacobi Asset Management. This fund has been classified as an Article 8 fund, which are those that “promote environmental and/or social characteristics”. The ETF is called Jacobi FT Wilshire Bitcoin ETF and it was launched on the Euronext […]
Ripple Labs is celebrating a major victory against the Securities and Exchange Commission (SEC) in New York City on September 29, 2023. CEO Brad Garlinghouse expressed his excitement for the upcoming event and reflected on the difficult legal journey the company has gone through. Judge Analisa Torres ruled in favor of Ripple, stating that the […]
Digital Currency Group (DCG) has reached an agreement with creditors of its crypto lending subsidiary, Genesis. According to a court filing, the estimated USD equivalent recoveries could account for 70% to 90% for unsecured creditors. The amended plan could result in 65% to 90% recovery on an in-kind basis, depending on the denomination of the […]
Elon Musk is reportedly planning to transform Twitter into an “updated version of PayPal,” offering low transaction costs. Speculation is that Dogecoin, Musk’s favored cryptocurrency, could become the native currency of this platform, potentially driving its price to $0.20. Musk has been having conversations with Wall Street executives on the future of Twitter, and is […]
Pomerdoge, a new P2E crypto project, has recently launched a blockchain game called Pomergame. Players can create their own avatars and custom in-game assets to upgrade their characters. They can also sell their in-game items at Pomerplace, a battle arena and marketplace. During the presale phase, 7,777 NFTs will be available for purchase, and the […]
Bybit, a notable exchange in the cryptocurrency industry, has recently seen a large outflow of Bitcoin. On a single day, 12.5k BTC, worth $320M, was withdrawn. This is the largest single-day withdrawal in Bybit’s history, leaving the exchange with a remaining Bitcoin balance of 21.5k BTC.The implications of this outflow are uncertain, but it could […]
The United States Securities and Exchange Commission (SEC) has brought its first enforcement action against a player in the non-fungible token (NFT) space. The regulator charged Impact Theory, a Los Angeles-based media and entertainment company, with conducting an unregistered securities offering.Impact Theory sold approximately $30 million of NFTs, claiming that purchasing a Founder’s Key equated […]
Stargate, the leading omnichain liquidity layer, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable Layer 1. This integration will expand the reach of Tether’s Cosmos-native USDt to the Ethereum ecosystem and beyond. Stargate’s success in connecting Ethereum networks is unmatched, with 300x more TVL than the next most-used bridge.The integration ensures that users from […]
Sue Ennis, Vice President of Hut8, recently shared her thoughts on how Bitcoin price will rise above $100,000 in the next year and how the upcoming halving will impact BTC miners. Ennis believes that if Bitcoin were to capture even 2 to 3% of gold’s market cap, it would be incredibly accretive to the price […]
