OpenSea users claim NFTs are securities in proposed class suit
A pair of OpenSea users claim the NFTs they bought on the platform “are worthless” because they the tokens are unregistered securities.
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BREAKING: Terraform to pay $4.47B to resolve SEC civil lawsuit
The settlement would resolve a civil lawsuit filed by the Securities and Exchange Commission following Terraform's collapse in 2022.
XRP purchasers back Ripple, arguing that it is not a security
On Dec. 22, 2020, the United States Securities and Exchange Commission filed a complaint against Ripple Labs. The complaint essentially alleged that Ripple had engaged in a multi-year, sustained practice of illegally selling unregistered, non-exempt securities in the form of its XRP tokens. This complaint, having been filed on the last day of former SEC Chairman…
Swiss central bank tests wholesale CBDC with commercial partners
The Swiss National Bank integrated wholesale CBDC in banking systems with five commercial banks as part of the second phase of Project Helvetia. 354 Total views 22 Total shares Switzerland took another step to clarify the roadmap for integrating central bank digital currencies (CBDC) into the current financial system. The Swiss National Bank (SNB), the country's…
Spanish La Liga Club Atlético Madrid Is Launching a Fan Token
Spanish soccer team Atlético de Madrid — which plays in the top professional division of Spain’s soccer league, known as La Liga — is partnering with blockchain platform Socios.com to launch a fan token ecosystem. The news was revealed in a press release shared with Cointelegraph on Sept. 6.Atlético’s fan tokenAs previously reported, Socios has described…
Russia talks up prospects of BRICS countries developing new currency
A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency. 1581 Total views 10 Total shares Own this piece of history Collect this article as an NFTA new world order could be emerging as economic powerhouses increase their efforts to distance themselves from US dollar hegemony.According to…
London Stock Exchange CEO Is Certain That Blockchain Can Be Used in Issuing, Settlement
The CEO of the London Stock Exchange (LSE), one of the world’s oldest stock exchanges, believes that blockchain could have a use in issuing securities and settlement. CNBC reported on the CEO Nikhil Rathi’s comments on May 2.Speaking in an interview, Rathi noted that distributed ledger tech (DLT) could potentially play a role in the…