The recent move by the US Securities and Exchange Commission to target various cryptocurrency platforms has sparked controversy once again. OpenSea, a popular NFT platform, is the latest to receive a Wells Notice from the SEC, indicating that the non-fungible tokens available on the platform could potentially be considered unregistered securities. CEO Devin Finzer took
The recent $234 million hack at WazirX has sent shockwaves throughout the crypto community, with the platform now entering an initial 30-day moratorium as a result. This development has raised questions about the platform’s security measures and has led to a legal battle with rival platform CoinSwitch. WazirX’s decision to enter a 30-day moratorium following
Binance, the world’s largest crypto exchange, has recently announced the addition of new trading pairs and services to its platform. This move is aimed at expanding user options and enhancing their trading experience. However, there are some restrictions in place for residents of specific countries. The latest announcement from Binance includes the addition of trading
OpenSea CEO Devin Finzer recently announced that the company had received a Wells Notice from the US Securities and Exchange Commission (SEC). This notice indicates that the SEC views the NFTs traded on OpenSea as securities, setting the stage for a potential regulatory battle. In response to the SEC’s actions, Finzer expressed his shock at
Cardano and its native token, ADA, experienced a significant decline in the second quarter of 2024, as reported by Messari. The price of ADA plummeted by 39.7% to $0.39, while its market capitalization fell by 39.4% to $14 billion. This decline was partially attributed to an increase in circulating supply, leading to a drop in
Gameplay Galaxy, an emerging player in the blockchain gaming sector, has recently closed an impressive $11.17 million seed extension round. This funding boost has catapulted the company’s total valuation to $71 million, with a cumulative funding of $24 million. Co-led by Blockchain Capital and Merit Circle, this round will primarily fuel the development of Trial
In a significant move within the decentralized finance (DeFi) space, Maker, a pioneering DeFi lending protocol on Ethereum, has undergone a major rebranding to “Sky.” Alongside this rebranding, the platform’s decentralized stablecoin DAI has been transformed into USDS, and the governance token MKR has been transitioned to SKY. This rebranding marks a shift in the
Sony Blockchain Solutions Labs, in collaboration with Startale labs, has unveiled its ambitious project to bridge the gap between Web3 and Web2 through the development of Soneium. The primary goal of this blockchain platform is to make blockchain technology more accessible, scalable, efficient, and capable of solving real-world problems. Soneium functions as a Layer 2
Meta’s recent decision to cancel the development of their next-generation mixed-reality headset has sent shockwaves through the tech community. CEO Mark Zuckerberg and other executives made the call after a product review meeting where it became apparent that the project was no longer sustainable. The high costs associated with advanced OLED display technology played a
The recent filing of settled charges by the US Securities and Exchange Commission (SEC) against crypto lending firm Abra has sent shockwaves through the industry. The SEC alleged that Abra failed to register its crypto asset lending product, Abra Earn, and also charged Abra’s owner, Plutus Lending LLC, for operating as an unregistered investment company.