Devin Finzer, the CEO of OpenSea, recently made an announcement regarding receiving a Wells Notice from the US Securities and Exchange Commission (SEC). The SEC believes that the NFTs traded on OpenSea’s platform should be classified as securities. Finzer’s response to this notice was one of surprise and defiance, as he expressed shock at the
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Gameplay Galaxy, a promising player in the blockchain gaming sector, has recently secured an impressive $11.17 million in a seed extension round. This round, co-led by Blockchain Capital and Merit Circle, has propelled the company’s total valuation to $71 million and total funding to $24 million. The primary focus of this funding round is to
Cardano, along with its native token ADA, experienced a significant decline in the second quarter of 2024. The report by Messari highlighted various key performance indicators that pointed towards a downturn in the cryptocurrency market. ADA’s price dropped by 39.7% to $0.39, while its market capitalization fell by 39.4% to $14 billion. This decline was
Sony Blockchain Solutions Labs, in collaboration with Startale Labs, recently unveiled plans to create Soneium, a blockchain platform that aims to bridge the gap between Web3 and Web2 technologies. The primary goal of Soneium is to enhance accessibility to blockchain technology while offering solutions that are scalable, efficient, and capable of addressing real-world challenges. Soneium
France has seen a significant increase in crypto businesses establishing their European headquarters in the country over the past decade. This rise can be attributed to favorable tax rates, a talented pool of individuals from across Europe, and a strong culture of innovation in the Web3 space. Additionally, France was quick to adopt clear regulations
The US government has responded to former FTX executive Ryan Salame’s attempt to void his guilty plea, asserting that his claims of false promises from prosecutors are unfounded. The US Attorney’s Office has stated that Salame’s allegations are “demonstrably false” and have emphasized that the charges against Salame’s partner, Michelle Bond, are separate and ongoing.
Meta’s recent decision to cancel its next-generation mixed-reality headset has sent shockwaves through the tech community. The move, which CEO Mark Zuckerberg and other top executives deemed necessary after a product review meeting, reflects a broader shift in the company’s strategic priorities. Instead of going head-to-head with high-end hardware competitors like Apple’s Vision Pro, Meta
A former Kansas bank executive, Shan Hanes, was recently sentenced to 293 months in federal prison for his involvement in a cryptocurrency fraud scheme that led to the collapse of Heartland Tri-State Bank (HTSB). Hanes, who served as the CEO of HTSB, pleaded guilty to embezzling $47.1 million through unauthorized wire transfers to a cryptocurrency
As the cryptocurrency market grapples with uncertain price movements and lack of clear direction, the Ethereum (ETH) network is on the brink of a major transformation with the upcoming Pectra upgrade scheduled for the first quarter of 2025. This upgrade has garnered significant attention from bullish analysts who believe it could be the driving force
The recent endorsement of rate cuts by Federal Reserve Chairman, Jerome Powell, has sparked a new wave of speculation in the financial markets. While the current benchmark rate for overnight money market loans hovers around 5.25% to 5.5%, Powell’s announcement at Jackson Hole, Wyoming indicated a clear intention to lower interest rates in the near