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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
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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
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Thailand’s Securities and Exchange Commission (SEC Thailand) has recently introduced a Digital Asset Regulatory Sandbox to foster innovation within the digital asset sector. This initiative is aimed at supporting the testing and development of services related to digital assets in a structured and regulated environment. By providing a platform for businesses to explore new and
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A recent bill presented in the Senate aims to enhance the investigative powers of the US Secret Service when it comes to probing crimes related to cryptocurrency. Senators Catherine Cortez Masto and Chuck Grassley are leading this bipartisan initiative to address the escalating threats posed by transnational cybercriminal activities. The bill specifically targets unlicensed money-transmitting
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Bitcoin has been on a rollercoaster ride recently, approaching its all-time high only to be rejected at the last minute. The surge in the flagship cryptocurrency’s price has been supported by several factors, including the growth in market capitalizations of stablecoins such as USDT and USDC. This increase in stablecoin market caps has significantly influenced
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The crypto industry has been facing various challenges under the current administration, as discussed by Andreessen Horowitz founders Ben Horowitz and Marc Andreessen. They openly criticized the Biden-Harris Administration’s handling of the cryptocurrency sector, pointing out regulatory hurdles that are hindering innovation and growth. The lack of clear guidance from the Securities and Exchange Commission
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Stardust, a leading web3 gaming infrastructure company, has recently introduced Starbase, a groundbreaking platform that combines consumer rewards and social gaming into one seamless experience. This innovative platform brings together player rewards and social gaming in a space filled with engaging missions and challenges, catering to both casual and hardcore gamers alike. A significant aspect
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