Metallicus acquires fintech operator connected to 70 credit unions
The acquisition brings Metal blockchain solutions to Bonifii’s portfolio of credit unions.
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Torque Drift 2 devs quit after Web3 pivot; game NFTs are not securities: Web3 Gamer
Ten devs quit Torque Drift 2 after studio added blockchain, Saga CEO says in-game assets aren’t securities, MetaFighter review: Web3 Gamer.

Looks Like the Loom Network Has Thrown in the Towel
According to available information at press time, sources show a highly uncertain future for the Loom Network, a platform-as-as-service blockchain project.Cointelegraph investigated a number of Loom Network communication channels, finding no firm proof of a live project. A May 8 tweet from Bruno Skvorc, owner of blockchain and cryptocurrency education platform, Bitfalls, led Cointelegraph staff down…

Two Bitcoin price prediction polls, same outcome: $10K BTC is coming
While a classic technical indicator could be hinting at BTC price falling below $13,000 as well. 218 Total views 3 Total shares Bitcoin (BTC) investors in China plan to buy the dip despite an ongoing market correction and a nationwide crypto ban, a new survey shows.Consensus sees Bitcoin at $10KA survey of 2,200 people conducted…

Seven Stars Cloud Partners with China VC Research Institute to Expand Tokenized Assets
Seven Stars Cloud Group, Inc. (SSC), a global fintech firm focused on blockchain and AI-powered digital asset management, has partnered with the China Venture Capital Research Institute (CVCRI), according to a press release published July 23. The partnership will purportedly help SCC extend its to extend its asset digitization services. The new partnership will enable…

SEC Begins Proceedings on Wilshire Phoenix Bitcoin Exchange-Traded Fund
The United States Securities and Exchange Commission (SEC) has initiated proceedings regarding the Wilshire Phoenix Bitcoin (BTC) exchange-traded fund (ETF) proposal.According to a Sept. 24 public filing, the SEC started proceedings to determine whether to approve or disapprove the proposed rule change, which would allow NYSE Arca to list and trade shares of Wilshire Phoenix’s…

Avanti launches crypto-friendly bank in Wyoming
The Wyoming State Banking Board voted unanimously to grant Avanti a bank charter. 1509 Total views 17 Total shares According to an Oct. 28 announcement from Avanti, The Wyoming State Banking Board voted 8-0 to grant the financial institution a bank charter. The approval will allow Avanti to operate the new crypto-friendly bank under the…

Celsius has finally filed for bankruptcy: Law Decoded, July 18-25
A crypto lending platform still hopes to stay afloat, but experts doubt such probability. 140 Total views 2 Total shares Reducing your initial debt of $820 million to just $0.013 over a month can’t be easy. And, it’s hardly surprising that such a heroic dash has led Celsius to bankruptcy. Last week, the crypto lending…

Abramoff-linked crypto firm says SEC has no case against it
Participants of a $5.6 million token sale did not expect a return on investment, the NAC Foundation argued. 1241 Total views 13 Total shares The NAC Foundation has accused the United States Securities and Exchange Commission of misconduct in an ongoing case. According to court documents Oct. 20, Rowland Marcus Andrade and his company NAC Foundation asked a…