Binance, one of the leading names in the cryptocurrency exchange landscape, has set its sights on a novel venture that merges blockchain technology with the ever-expanding gaming sector. This new initiative, dubbed “Moonbix,” is a play-to-earn (P2E) game that will be launched on Telegram’s Mini App platform. This strategic move highlights Binance’s commitment to adapting
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The Digital Chamber (TDC) has recently made a public statement urging Congress to pass legislation that would categorize certain non-fungible tokens (NFTs) as consumer goods rather than securities. This call to action comes in the wake of increased scrutiny from the Securities and Exchange Commission (SEC), particularly their enforcement actions against NFT platforms like OpenSea.
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
Coinbase, a popular cryptocurrency exchange platform, is potentially facing regulatory challenges due to its compliance with new Financial Accounting Standards Board (FASB) accounting rules. These new rules shift the accounting and disclosure for cryptocurrencies to a fair-value model from a cost-less-impairment model, according to a report by MarketWatch. The FASB agreed upon these rules in
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