SEC commissioners slam agency after $750K FlyFish Club NFT settlement
SEC commissioners Hester Peirce and Mark Uyeda didn’t believe any US securities laws were triggered and urged the commission to give NFT firms more room to experiment.
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Binance banking problems highlight a divide between crypto firms and banks
Binance, the world's leading crypto exchange by trading volume, will temporarily suspend bank transfers in U.S. dollars. The exchange stated in a tweet on Feb. 6 that no other trading methods would be affected. The announcement came with no explanation. However, exchange CEO Changpeng Zhao noted in a tweet that only 0.01% of the exchange’s…
CFTC Cannot Locate Man Responsible for Over $140 Million Crypto Ponzi
The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million.Financial news outlet FinanceFeeds reported on Jan. 6 that the CFTC has filed a motion with the New York Southern District Court. More precisely, the regulator filed for the…
Coinbase Custody Considers Addition of 37 New Assets Including XRP, EOS and XMR
San Francisco-based exchange and wallet service Coinbase announced today, Aug. 3 that it is exploring the addition of 40 new assets to its custodial service, Coinbase Custody. The blog post stresses that the crypto assets may be added “for storage only,” and that Coinbase will add them “as quickly and safely as possible.” Coinbase states…
Hong Kong’s losses to crypto scams doubled to $217M last year: Report
Crypto-related scams in Hong Kong reportedly accounted for more than 50% of the total $407 million stolen from city residents in tech crimes in 2022. 51 Total views 3 Total shares Own this piece of history Collect this article as an NFTSome countries around the world suffered bigger financial losses to cryptocurrency scams despite a…
Bullish Bitcoin options dominate May’s $6.5 billion expiry
Bitcoin bulls have strong incentives to push the BTC price above $70,000 on May 31, but the clock is ticking.
Hong Kong wants to become crypto hub despite industry crisis
Hong Kong is doing its best to provide an appropriate amount of supervision to the crypto market in order to release the potential of technologies like Web3. 194 Total views 2 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTThe government of Hong Kong remains committed to the development of cryptocurrency infrastructure…
Sports NFT gold rush as projects raise $930 million in a week
Tokenized sport collectibles projects have raised almost $1 billion in funding in the space of a week. On Sept. 22 Dapper Labs — the firm behind the Flow blockchain and the widely popular tokenized basketball collectibles, NBA TopShot — announced a further $250 million in a funding round led by tech-focused hedge fund Coatue. As…
How Blockchain May Help the Cobalt in Smartphones and Electric Cars Be Ethically Sourced
A real mining project is planning to utilize blockchain technology to maximize the potential of land rich with precious metal and natural resources.Blue Hill Mining says its project is based in an “exceptional location” in Mongolia — and that, after eight years of geological planning, research across 10 percent of its surface area has indicated…