OpenSea CEO Devin Finzer recently revealed that the company has received a Wells Notice from the US Securities and Exchange Commission (SEC) regarding the classification of NFTs on its platform as securities. This unexpected development has left Finzer and his team stunned, as they now find themselves in the midst of a regulatory battle against
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In a bold move that has sparked intrigue within the blockchain community, Gameplay Galaxy has recently secured $11.17 million in a seed extension round, bringing its total valuation to a whopping $71 million. This funding round, co-led by Blockchain Capital and Merit Circle, is not your typical equity round seen in the gaming and tech
Cardano and its native token, ADA, faced a significant decline in the second quarter of 2024, as reported by data intelligence firm Messari. The decline in ADA’s price by 39.7% to $0.39 and its market capitalization by 39.4% to $14 billion reflected the broader downturn in the cryptocurrency market. With a slight increase in circulating
One of the pioneering decentralized finance (DeFi) lending platforms on the Ethereum network, Maker, recently underwent a rebranding to “Sky.” This rebranding came alongside significant upgrades to its decentralized stablecoin system. The once-famous DAI stablecoin is now known as USDS, and the MKR governance token has been transformed into SKY. This rebranding signifies a new
France has been considered a prime location for the world’s largest crypto businesses in recent years. With companies like Binance, Crypto.com, and Circle establishing their European headquarters in Paris, the country has attracted attention for its favorable tax rates, talented workforce, and supportive regulatory environment. However, with new developments following the French elections and increasing
Sony Blockchain Solutions Labs, in collaboration with Startale Labs, has unveiled their plans to develop a cutting-edge blockchain platform named Soneium. The primary goal of Soneium is to bridge the gap between Web3 and Web2, making blockchain technology more accessible, scalable, efficient, and capable of solving real-world problems. The Technology Behind Soneium Soneium is a
Meta’s recent decision to cancel its next-generation mixed-reality headset has created quite a stir in the tech community. Was this move a necessary adjustment to the rapidly changing market dynamics, or a strategic misstep that relinquishes the opportunity to compete with Apple’s Vision Pro? The answer seems to lie somewhere in between as Meta navigates
The recent attempt by former FTX executive Ryan Salame to void his guilty plea has sparked controversy, with the US government pushing back against his claims. Salame argues that his plea was based on false promises from prosecutors regarding the investigation into his partner, Michelle Bond. However, the US Attorney’s Office has labeled Salame’s allegations
Recently, the US Securities and Exchange Commission (SEC) filed settled charges against crypto lending firm Abra for failing to register its crypto asset lending product, Abra Earn. This failure to comply with registration laws led to Abra selling nearly half a billion dollars of securities to US investors without providing them with sufficient and accurate
The US Securities and Exchange Commission has firmly opposed Hex founder Richard Heart’s motion to dismiss the $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. Despite Heart’s argument that he resided abroad and had no presence in the US during the relevant period, the SEC maintains that its allegations are well-supported and
