Dapper Labs has agreed to a $4 million settlement to end a class-action lawsuit, which, according to CEO Roham Gharegozlou, confirms that NBA Top Shot nonfungible tokens (NFTs) are not securities. The settlement, filed on June 3 in the...
The U.S. Securities and Exchange Commission (SEC) charged popular crypto influencers Brenda Chunga and Xue Lee for their alleged involvement in a digital asset fraud. According to a release published on its official website on Monday, January 29, 2024,...
A Crypto Toad NFT, typically valued at less than $1,000, astonishingly fetched 1,055 ETH, equivalent to $1.6 million, in a transaction that has raised concerns about potential money laundering. This unusual sale took place on the NFT marketplace OpenSea;...
Singapore's Monetary Authority (MAS) has imposed a nine-year ban on Zhu Su and Kyle Davies, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC), for their alleged breaches of the country's securities laws. The MAS announced...
Paxos has released a report intended to help the crypto community navigate the crypto winter and understand how to respond to current market conditions. The Paxos Crypto Winter Report 2023 is a 20-page document that identifies key opportunities for...
Changpeng "CZ" Zhao, CEO of digital-asset exchange Binance Holdings Ltd., spoke with Bloomberg about the FTX fallout, his deleted tweet about Coinbase, and crypto recovery funds. When asked how much more contagion the crypto community is likely to witness...
Halborn, a blockchain security startup, has raised $90 million in series A funding. The transaction stands out in a market where venture capital investment in cryptocurrency firms has substantially slowed, and the value of digital currencies has plummeted. The...
The United States Senate is set to deliberate on a bill that examines the ramifications of El Salvador's decision to adopt Bitcoin as legal tender. This bill has infuriated some crypto enthusiasts, including El Salvador's president, Nayib Bukele. The...
