The US Securities and Exchange Commission has recently set its sights on various cryptocurrency platforms, with its most recent target being the NFT platform OpenSea. OpenSea’s CEO, Devin Finzer, took to social media to express his disappointment in the SEC’s actions. Finzer revealed that OpenSea had received a Wells Notice from the SEC, signaling that
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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
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
The FBI has recently announced a groundbreaking decision to utilize Non-Fungible Tokens (NFTs) to return $1.14 million to victims of the CluCoin fraud scheme. This marks a significant departure from traditional methods of victim contact and restitution in cases of financial crime. By leveraging NFTs, the FBI aims to streamline the recovery process for victims
In recent times, the Layer 2 network landscape has witnessed a significant shift, with Base, an Ethereum Layer 2 network incubated by Coinbase, making impressive strides. According to research conducted by IntoTheBlock, Base now boasts nearly 40% more daily active addresses compared to its competitors, Arbitrum and Optimism. This substantial growth underscores Base’s increasing dominance
Aethir and Return Entertainment have come together to offer a new and innovative cloud-based gaming experience right in your living room. Bringing together Aethir’s enterprise-grade GPU services and Return Entertainment’s streaming platform, this partnership aims to provide cinematic scalable gaming adventures on TVs. This collaboration is not just limited to gamers but also benefits streaming
Semilore Faleti is a leading cryptocurrency writer with a focus on journalism and content creation. His expertise lies in unraveling the complexities of blockchains and cryptocurrency, making him a valuable asset in the rapidly evolving digital asset space. Over the years, Semilore has established himself as a trusted source of information for both newbies and
The legal saga of Shaquille O’Neal and the Astrals NFT project has taken an intriguing turn as a class action lawsuit unfolds. The lawsuit accuses Astrals of promoting unregistered securities, sparking a heated legal battle that has captured the attention of the NFT community. O’Neal’s Role in the Project Judge Federico Moreno of the U.S.
The Lost Glitches is not just a card game; it is an immersive experience that transports players into the futuristic setting of the Deep Sky Network. Here, players are trapped as Glitches, spirits striving to reclaim their lost memories. The storyline of the game is engaging, and the depth of the gameplay delivers a truly
Confiction Labs, the developer of the popular shooter game Riftstorm, recently unveiled a new system called Proof of Exposure. This system is geared towards combating Web3 gaming bots by integrating NFT allowlist verification, a move aimed at addressing the growing issue of automated bot accounts disrupting the gaming experience for both developers and genuine players.