NFT holders sue art gallery alleging it broke metaverse promise
A group of NFT holders sued the creators of the collection, claiming they made no significant steps to fulfill promised perks and had no knowledge of blockchain.
Related Posts
Tether blacklists $31.4M USDT following FTX’s alleged hack, Musk reacts
Billionaire entrepreneur Elon Musk, who recently purchased Twitter in hopes of unleashing the platform’s full potential, acknowledged Twitter’s contribution in tracking down the FTX developments in real time. 828 Total views 2 Total shares On the night of Nov. 11, several wallet addresses linked to FTX were found transferring millions of dollars worth of cryptocurrencies…
Kik Representative Will Give Deposition in SEC Case on Jan. 28
The United States Securities Exchange Commission (SEC) has requested a deposition from a representative of Kik Interactive Inc. to provide detailed information about its operations since releasing native token Kin.Kik Interactive, the Canadian company behind the Kik messenger application, has been dragged into a long-standing legal battle with the U.S. regulator. The SEC claims that…
United Texas Bank CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.” 111 Total views 3 Total shares Scott Beck, chief executive officer of United Texas Bank, called on members of the state’s blockchain working group to recommend policy for leaving stablecoins to banks…
The future of DeFi is on TikTok
In July 2021, TikTok hit three billion downloads. The social network boasts more than one billion active monthly users. And, in the United States, TikTok is now more popular with Generation Z than Instagram.Over the last six months, Bitcoin (BTC) has seen a drop of more than 70% from its all-time high north of $69,000…
Startup Aims to List Bitcoin Product on Frankfurt, Luxembourg Exchanges
A German startup is attempting to list a Bitcoin (BTC) derivative product on the Frankfurt and Luxembourg stock exchanges.According to German business news daily Handelsblatt on Oct. 29, the startup Iconic has filed a prospectus for regulated trading of a Bitcoin exchange-traded note (ETN), which could become available as soon as the beginning of December…
DeFi proves that charities could be doing more with their money
Most of the stories coming out of the crypto industry this past year have centered around enormous numbers flowing in and out of the space. From stablecoins topping over $100 billion, with Circle raising $440 million in private investment in the spring, to decentralized finance (DeFi) projects like Solana completing a $314 million fundraiser, people love…
Abu Dhabi pioneers DLT regulation for DAOs and Web3 innovations
Abu Dhabi aims to become a crypto hub alongside Dubai, in a move that's part of a larger goal to foster initiatives in the broader blockchain and digital asset realm. 101 Total views 1 Total shares Abu Dhabi, the second-most populous emirate in the UAE, has introduced a formal regulatory framework for Decentralized Autonomous Organizations
Bridgewater Associates CFO heads to Bitcoin-focused firm
The New York Digital Investment Group, or NYDIG, tapped Jon Dalby as its new CFO. 449 Total views 2 Total shares Departing his position as the chief financial officer of Bridgewater Associates, John Dalby will assume the post of chief financial officer for Bitcoin-focused tech and finance company NYDIG."The NYDIG team and I are extremely…