In an unexpected turn of events, CyberKongz, a project at the forefront of the gaming-oriented NFT (non-fungible token) movement, received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) on December 16. This notice has sent ripples through the Web3 gaming community as it raises significant questions about the use of ERC-20 tokens
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The digital landscape remains fraught with risks, particularly in the burgeoning cryptocurrency sector, as exemplified by the recent hacking incident involving Vivek Ramaswamy, co-lead of the newly formed Department of Government Efficiency (D.O.G.E.). This event not only highlights issues of cybersecurity but also accentuates the potential for misinformation to create chaos in financial markets. A
Osprey Funds, LLC, a pivotal player in the realm of cryptocurrency investments, has taken a significant step forward by launching the Osprey BNB Chain Trust, which is now publicly listed on the OTCQX® Best Market. This development marks a critical point in the evolution of cryptocurrency investment vehicles, particularly as it unveils a new avenue
Samuel Edyme, famously known by his handle HIM-buktu, has emerged as a compelling figure in the world of Web3 content creation and cryptocurrency journalism. Unlike many who enter the crypto space with dreams of riches, Edyme’s journey was marked by an early misstep—a Ponzi scheme that catfished him with the promise of quick gains. Instead
Recently, Cardano’s price has experienced a noteworthy retreat from the $1.1 level, a threshold that has become significant in its trading narrative. After a vigorous three-month period during which Cardano managed to climb above the $1 mark—marking its first breakthrough since early 2022—and peaking at $1.3 on December 3, 2024, the market faced a collective
The dialogue surrounding the governance of blockchain organizations has become increasingly pivotal, with communities demanding greater transparency and accountability. Charles Hoskinson, the founder of the Cardano project, has recently ignited discussions concerning the Cardano Foundation’s governance structure, advocating for a shift not just in strategy but in geographic location. His call to relocate the Foundation
Web3 gaming is rapidly evolving, introducing exciting new opportunities for players to engage with digital assets. Among these opportunities are free Non-Fungible Token (NFT) drops, which are transforming how gamers and crypto enthusiasts build their digital portfolios. This article delves into what free NFT drops are, how they operate within the blockchain gaming environment, and
In response to the increasing risks associated with cryptocurrency investments, the Nigerian Securities and Exchange Commission (SEC) has unveiled a set of stringent regulations aimed specifically at social media influencers. These updated guidelines require influencers to ensure that any cryptocurrency product or service they endorse is backed by a client that is duly licensed by
In the ever-evolving landscape of social media fame and cryptocurrency, the saga of Mark Longo—or as he is affectionately known, Squirrel Dad—stands out as a remarkable intersection of animal rights advocacy and the booming crypto market. Longo recently escalated a conflict with Binance, a leading cryptocurrency exchange, claiming unauthorized appropriation of his intellectual property. At
Bitcoin, the world’s leading cryptocurrency, has recently achieved remarkable heights, surpassing the pivotal $100,000 mark and reaching all-time highs (ATH) beyond $106,000. This impressive surge has sparked significant interest among traders and analysts alike, prompting discussions about the potential trajectory of Bitcoin’s price in the coming months. Observations suggest that the current ascendancy is not