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SEC Charges Stoner Cats Over $8M Unregistered NFT Offering: Mila Kunis-Backed NFT Project to Pay $1M Penalty

13.9.2023
The Securities and Exchange Commission (SEC) charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs) that raised about $8 million from investors to finance an animated web series. SEC Slaps Stoner Cats 2 With...

21co Unwraps New Suite of Wrapped Cryptocurrencies

12.9.2023
21.co, the parent company of crypto exchange-traded products provider 21shares, has introduced a suite of wrapped tokens pegged to top crypto assets across multiple blockchains. The wrapped tokens are designed to increase liquidity and interoperability between different crypto networks. 21co...

Are NFT markets in a death spiral or ready for a resurgence?

12.9.2023
NFTs have taken a massive hit since the 2021 bull market, but some experts say they could make a comeback

Animoca Brands Secures $20M Funding to Drive Ambitious Mocaverse Metaverse Project – NFT's Making a Comeback?

12.9.2023
Animoca Brands, a metaverse and gaming venture capital firm, has raised $20 million to expand its Web3 identity project Mocaverse. According to the press release, the funding round was led by blockchain- and Web3-focused venture capital company CMCC Global, with other investors including Kingsway...

Tron's Justin Sun Considers Buying FTX's Holdings Tokens to Ease Selling Impact on Markets

12.9.2023
A potential liquidation of FTX holding tokens will have a significant impact on the market as the figure hits $1.3 billion in assets experts opine. Justin Sun, the founder of Tron Network contemplates making a bid for the assets held by FTX to reduce the impact a sale could have on the market...

Russian Central Bank May ‘Mark’ CBDC Tokens to Track Digital Ruble Transactions

12.9.2023
The Russian Central Bank says it may look to “mark” or “color-code” digital ruble tokens to help it track CBDC transactions. Per Tass, the bank said it would “consider the possibility” of issuing super-traceable tokens. But, speaking at a financial forum, the bank’s Deputy Governor Alexei...

FTX has $222M in Bahamas real estate, 1,300 tokens: shareholder presentation

11.9.2023
Ten percent of shareholder claims have been settled so far. They will be able to assess the condition of the company at a meeting that runs Sept. 11-12

FTX Estate Sues Layerzero Labs for $85M Over Alleged Fraudulent Deals and Asset Withdrawals Amidst Collapse

11.9.2023
The bankrupt estate of cryptocurrency exchange FTX is suing blockchain company Layerzero Labs in an attempt to claw back a $45 million deal and over $40 million in withdrawals made in the days before FTX filed for bankruptcy. The lawsuit alleges that Layerzero exploited FTX’s financial...

Solana Price Prediction as Rumors Emerge of FTX Dumping Tokens – Can SOL Drop Below $10?

11.9.2023
The price of SOL has dropped by 3% in the past 24 hours, falling to $17.72 after speculation emerged that FTX is readying itself to offload its Solana-related holdings. SOL is now down by 10% in the past week and by 27% in the last 30 days, although the altcoin remains up by 77% since...

Lido assures LDO, stETH tokens remain safe despite flaw in token contract

11.9.2023
The “fake deposit” attack enables bad actors to execute a transfer where the requested value is larger than what the user actually owns

2023: The Year AI Cryptos Soared, Then Faltered

10.9.2023
At the outset of the year, artificial intelligence (AI) cryptocurrencies embarked on a rising journey, recording substantial gains and witnessing a surge in global trade activity. However, as we now traverse the course of time, the AI crypto landscape has undergone a significant downturn. According...

Vitalik Buterin’s X Account Hacked to Promote Crypto Scam

10.9.2023
The X account of Ethereum founder Vitalik Buterin has apparently suffered a breach by scammers spreading phishing links. The attack, which manifested itself in the form of a post offering free digital collectibles, has allegedly resulted in the loss of over $690,000 for those who fell for...

What Are Smart Contracts? Unpacking Today’s Digital Agreements

10.9.2023
In the digital currency realm, smart contracts have enhanced the financial industry through tokenization, decentralized finance (defi) and other agreements in the form of self-executing code. But how exactly do they work? What benefits do they offer? Here’s a concise overview of smart...

Fourth Consecutive Week of Decline: NFT Sales Dip 6.75%

9.9.2023
Non-fungible token (NFT) sales took yet another dip this week, marking the fourth consecutive week of decline, albeit a slight one, with a decrease of 6.75%. From September 2, 2023, to September 9, the total sales for this week amounted to approximately $80.69 million, with a notable chunk...