OpenSea CEO Devin Finzer recently disclosed that the company had been served with a Wells Notice from the US Securities and Exchange Commission (SEC), citing concerns that the NFTs traded on its platform may be classified as securities. This unexpected move by the regulator has sent shockwaves through the NFT community, particularly affecting creators and
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In a move to revolutionize the financial landscape, the Hong Kong Monetary Authority (HKMA) has unveiled the Project Ensemble Sandbox. This groundbreaking initiative aims to explore the potential of tokenization across different asset classes and real-world financial applications. The sandbox will delve into the use of tokenized money in interbank settlements and transactions involving tokenized
The US Securities and Exchange Commission (SEC) recently filed charges against Abra for its failure to register its crypto asset lending product, Abra Earn. The regulator also brought charges against Plutus Lending LLC, the owner of Abra, for operating as an unregistered investment company. Stacy Bogert, Associate Director of the SEC’s Division of Enforcement, pointed
Coinbase recently announced its second-quarter earnings, reporting total revenue of $1.449 billion. This figure exceeded market expectations, showcasing the company’s strong revenue growth. In comparison to the same period last year, Coinbase’s income more than doubled from $674.1 million to $1.449 billion. A particularly noteworthy highlight from Coinbase’s Q2 report was its net income of
The Russian State Duma recently approved a bill that legalizes Bitcoin mining and allows the use of cryptocurrency for international trade. The passing of this bill marks a significant shift in Russia’s approach to digital assets and currencies, aiming to enhance trade relations and challenge global regulatory norms. The new legislation establishes a regulatory framework
A recent proposal by South Korean lawmakers suggests delaying the implementation of crypto gain tax until 2028. The ruling political party put forward this bill on July 12, pointing to the prevailing negative sentiments surrounding the crypto industry as the primary rationale behind the extension. The lawmakers emphasized that the current investment sentiment towards virtual
As the Dogeverse (DOGEVERSE) presale comes to a close on June 3, 2024, investors are eagerly anticipating the next phase of this unique multi-chain offering. With over $15 million already raised, the popularity and potential of the $DOGEVERSE meme token are undeniable. The current price of the Dogeverse token stands at $0.00031, but many believe
LidoDAO (LDO) has recently seen a significant surge in price, raising questions about whether it is too late to invest in this cryptocurrency. The native token of the decentralized Ether staking platform Lido, LDO is also the governance token for the Lido decentralized autonomous organization (DAO) that oversees the Lido protocol. With a price increase
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