Nonfungible tokens (NFTs) belonging to bankrupt hedge fund Three Arrows Capital (3AC) will be sold by liquidator Teneo, according to a new announcement. In a notice dated February 22, Joint Liquidator Christopher Farmer announced that the liquidators are going to…
Popular cryptocurrency trading platform CoinEx has been sued by New York Attorney General Letitia James for failing to register with the state as a securities and commodities broker-dealer while making its services accessible to New Yorkers. The lawsuit also includes…
USD Coin (USDC) issuer Circle plans to increase its workforce by 15-25% in 2023 amid many layoffs in the industry, The Wall Street Journal reported. While many companies across the industry are laying off staff to ease their financial woes,…
Yesterday’s ruling by a US District Judge on Dapper Labs’ motion to dismiss a lawsuit alleging that NFT Top Shot NBA is an unregistered security may have a “net positive” effect on Ripple’s case against the US Securities and Exchange…
Kim Kardashian, Floyd Mayweather and other celebrities are trying to convince a judge to throw out another revision attempt to hold them accountable for allegedly promoting EthereumMax (EMAX) without proper disclosure. The celebrity asked a California federal judge to dismiss…
As the NFT market continues to increase its adoption, bad actors have also fallen prey to emerging markets. Earlier today, Crypto wallet security team ZenGo released a dashboard aimed at helping investors detecttrack and monitor potential non-fungible token (NFT) hacks…
The United States Securities and Exchange Commission (SEC) has again been accused of overstepping its authority and unfairly labeling crypto assets as securities, this time in an insider trading case against a former employee of Coinbase. In an amicus brief…
Irreplaceable, Australia’s largest crypto gaming startup known for its NFT trading card game Gods Unchained, has announced that it will be laying off 11% of its total workforce, despite having announced its termination mid-last year. According to The Sydney Morning…
The founder behind the alleged $340 million “Global Ponzi” scheme Forsage has been indicted by a federal grand jury in the District of Oregon. Four Russian founders – Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov – have been…
Could China’s sentiment on crypto be a wave? The move from Tencent Cloud this week is certainly suggestive. An unexpected investment in web3-related tools will come to the market from the Tencent Cloud team, the position of the Chinese technology…