Degen token surges 17% on Farcaster’s $150M Series A raise
Farcaster, blockchain’s answer to traditional social media, raised $150 million in a Series A funding round led by Paradigm, sending a community token soaring.
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Terraform’s Do Kwon mounts last ditch effort to avoid extradition: Report
Lawyers for Terraform Labs co-founder Do Kwon have mounted a final attempt to appeal his extradition from Montenegro. Terraform Labs co-founder Do Kwon has launched his final attempt to appeal a Montenegrin court’s decision that could see him extradited from the country. In a Dec. 6 report, local state media stated that lawyers for Kwon had

BadgerDAO reportedly suffers security breach and loses $10M
All smart contracts have been paused but users are urged to revoke permissions to the compromised smart contract to avoid any further losses. 14 Total views 1 Total shares The BadgerDAO decentralized finance protocol appears to have suffered from a cyber attack leading to the loss of a reported $10 million at the time of…

HTX hacked again for $13.6M, 100K Koreans test CBDC, Binance 2.0: Asia Express
Binance pleads guilty and pays $4.3 billion to settle DoJ investigation, HTX exchange hacked yet again, South Korea allows 100,000 people to test its CBDC. by Zhiyuan Sun 4 min November 23, 2023 Share Share Share Share Our weekly roundup of news from East Asia curates the industry’s most important developments. HTX exchange hacked… again

Canadian regulatory council creates new preregistration filing for crypto platforms
The Canadian Securities Administrators will require crypto trading platforms to file an undertaking committing them to investor protections while their registration is in process. 263 Total views 6 Total shares The Canadian Securities Administrators (CSA), the council of provincial and territorial securities regulators, announced Monday that crypto trading platforms will be expected to provide a preregistration…

SEC drops OpenSea investigation, Illuvium Labs cuts 40% of workforce: Nifty Newsletter
OpenSea co-founder and CEO Devin Finzer said the SEC dropping its investigation into the NFT marketplace is a huge win for the space.

Tom Brady’s NFT platform Autograph raises $170M to scale operations
The company said it planned to use the funds to scale its NFT technology and hinted at a series of partnerships aimed at expanding its user base. 976 Total views 8 Total shares The nonfungible token (NFT) marketplace Autograph co-founded by Super Bowl champion Tom Brady has announced it closed on a $170 million funding…

Social media problems and solutions: ‘Centralization is not sustainable’
Over the past 15 years or so, social media has gained tremendous traction. Facebook, Twitter and YouTube have reached soaring heights as companies. Social media has its benefits, such as global connectivity and low barrier to entry. It also gives people a platform for expression. The sector has taken a dark turn in recent years,…

Italian Firm Claims Its Non-Fungible Tokens Can Tackle Fake News
Italian blockchain firm LKS created a non-fungible token (NFT)-based system that allegedly can prevent the spread of fake news.According to an announcement sent to Cointelegraph on April 14 — other than countering fake news — LKS’s system also protects the copyright of digital content.An LKS spokesman confirmed that the system creates an NFT which contains…