SEC settles charges against TrueCoin, TrustToken over TrueUSD
The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment.
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FTX contagion victim Deepak.eth puts NFT collection up for sale
Deepak.eth, the founder of the blockchain infrastructure Chain, listed their NFT collection for sale on OpenSea starting at 8,000 ETH. 1314 Total views 16 Total shares The founder of the Chain blockchain infrastructure company, who goes by the internet pseudonym Deepak.eth, took to Twitter to announce the sale of their nonfungible token (NFT) collection.Deepak.eth tweeted that…
Ethereum Is the Best-Performing Asset Class of 2020
Digital assets issued on Ethereum appear to comprise the strongest asset class of 2020 with an average year-to-date gain of 130%. 2028 Total views 19 Total shares The average performance across Ethereum (ETH)-based assets has been a nearly 130% year-to-date (YTD) gain, according to data published by market data aggregator Messari.The data provides an overview…
NFT-focused holding company raises $50 Series A
Nonfungible token projects have raised billions of dollars in venture funding over the past year, underscoring heightened demand in the sector. 662 Total views 6 Total shares Digital asset curator Metaversal announced Tuesday that it has completed a $50 million funding round to further expand its investment capabilities in the nonfungible token (NFT) and metaverse…
BONK, POPCAT and Solana memecoins stay green even as Bitcoin price drops
Memecoins in the Solana ecosystem defy the recent bearish downtrend in the crypto market by managing to generate double-digit gains.
Klaytn Blockchain Ahead of Facebook’s Libra Network, Says Kakao CEO
Yeo Min-soo, the CEO of South Korean internet giant Kakao, said that his firm’s Klaytn blockchain is similar to Facebook’s Libra except it is way ahead in its development.According to the Korea Herald on Nov. 28, Min-soo lauded Klatyn’s development during the first Klaytn Governance Council Summit held in Seoul:“Facebook’s Libra launched last month with…
Bitcoin Futures Did Not ‘Manipulate’ BTC Price — Stock-to-Flow Creator
Bitcoin futures do not unfairly impact the price of Bitcoin (BTC), according to the creator of one of the cryptocurrency’s most accurate price models.In a series of tweets on April 7, PlanB, the pseudonymous analyst behind the stock-to-flow model, argued that futures have not caused the Bitcoin price to behave erratically.PlanB: “Nothing unusual” in Bitcoin…
11 industry leaders discuss effective ways to ensure compliant staking
As even late-night talk show hosts begin to weigh in on events in the crypto industry, it’s clear the public is increasingly paying attention to both the potential and challenges of investing in crypto. Of even more immediate concern to crypto companies, though, are the questions around the type and number of legislative guardrails lawmakers…
Report: Major gaming conglomerate Nixon prepares to acquire Bithumb
South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country's largest cryptocurrency exchange. 2140 Total views 6 Total shares After a troubled few months, crypto exchange Bithumb looks like it's set on turning over a new leaf through an acquisition by one of South…