The Digital Chamber (TDC) has urged Congress to pass legislation that would designate certain non-fungible tokens (NFTs) as consumer goods and exempt them from federal securities laws. This call for action comes in response to the Securities and Exchange Commission’s (SEC) recent enforcement actions, including a Wells notice issued to NFT marketplace OpenSea. TDC argues
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SEC Commissioner Hester Peirce has recently expressed her ongoing concerns regarding the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). Her comments came after a speech by SEC Chief Accountant Paul Munter, who reiterated the Commission’s stance on SAB 121, stating that it remains unchanged. Despite the growing attention around the regulation, Munter emphasized that
Friend.tech recently made a bold decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move had immediate repercussions on the platform’s ecosystem, particularly on the value of the FRIEND token. Although the decision sparked some market reactions, it only scratches the surface of the deeper issues plaguing the
The crypto market is infamous for its unpredictability, with prices constantly fluctuating up and down. Despite this volatility, large investors, often referred to as whales, are actively participating in the market. Data intelligence firm Santiment has recently released an analysis highlighting the top ten crypto projects with the most significant increase in whale activity. SuperRare:
One of the major narratives that have been dominating the crypto market in 2021 is the influence of crypto whales – large holders of bitcoin and other popular cryptocurrencies. These whales have the power to significantly impact prices and market sentiment. The fear of market manipulation by whales has been a cause of concern for
Yonsei University in South Korea has recently partnered with Ripple as part of the University Blockchain Research Initiative (UBRI) program. This collaboration marks the 58th partnership for Ripple globally, with 12 of those partnerships located in the Asia Pacific region. The focus of this partnership will be on research related to blockchain technology, with a
The mobile gaming world is abuzz with excitement about the upcoming release of Rebel Skies, a new game developed by the American studio Faraway Games. Set to be launched in October 2024, Rebel Skies is poised to revolutionize the industry by combining three popular gaming genres: action, real-time strategy (RTS), and deck building. This innovative
The US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda has called for the development of specialized S-1 registration forms tailored for digital asset securities. During the Korea Blockchain Week 2024 event, Uyeda highlighted the importance of updating regulatory tools to better accommodate the specific characteristics of digital assets. He noted that the current
Yuga Labs, known for the popular Bored Ape Yacht Club, recently announced a new initiative that could drive further innovation for the company. The co-founder and current CEO, Greg Solano, revealed the creation of a new division called “The Workshop.” This team, described as “no fat, just doers,” is dedicated to developing emerging products for
OKX SG, the Singaporean entity of the crypto exchange OKX, made a significant move by obtaining a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license is highly coveted in Singapore as it allows businesses to operate without daily or monthly transaction limits. Companies seeking this license must meet specific