OpenSea marketplace receives Wells notice from the SEC

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Friday, Dec. 25 — crypto markets are lacking in Christmas cheer, with many major crypto assets hit with double-digit losses. Virtually all of the top 100 coins by market cap are in the red, as data from Coin360 shows.Market visualization by Coin360Largest cryptocurrency Bitcoin (BTC) has plummeted over 9 percent on the day, and is…

It's barely been a decade since the launch of Web3, and some are already talking about the next generation of the web Web5. The concept of Web5 first emerged earlier this year with Jack Dorsey’s announcement about plans to build a decentralized web on Bitcoin's blockchain through Block subsidiary TBD. According to Dorsey's TBD white paper,…

WeChat removed several accounts for digital collectible platforms for violating the policy of illegal trade, while Ant Group and Tencent-owned NFT platforms updated their user agreements. 240 Total views 22 Total shares China's leading social media platforms and internet giants have updated their policy to restrict or remove nonfungible token (NFT) platforms, citing a lack…

The United States Securities and Exchange Commission (SEC) has requested an early summary judgment in its lawsuit against Kik over the messaging company’s $100 million KIN initial coin offering (ICO) during 2017.The SEC first brought its case against Kik in June 2019. The commission argued that the company’s ICO comprised a clear issuance of securities.…

Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the DOJ’s $4.3 billion settlement with Binance. 246 Total views 1 Total shares Crypto markets were subjected to a heavy dose of volatility on Nov. 21 as the United States Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) and

Jack Mallers takes on Coinbase and its “asinine” trading fees. 958 Total views 6 Total shares Payments platform Strike has announced that it will allow U.S. customers to buy and sell Bitcoin with almost no trading fees from today.In an announcement on July 1, Strike founder and CEO Jack Mallers launched a salvo at leading…

Bitcoin (BTC) hodlers deserve a pat on the back for making it through this last week, as BTC witnessed its largest sell-off in history, in terms of USD value, causing the leading digital asset to shed $70bn of its market cap in a single 24-hour period.I shudder to think about the fortunes that were lost,…

It’s hype season in the crypto space once again, and unsuspecting investors are at risk of suffering losses. Riding on the coattails of decentralized finance tokens that have provided staggering yields, rogue actors are flooding automated market makers like Uniswap with fake tokens.These schemes range from the elaborate to the downright lazy, but many seem…