The Securities and Exchange Commission (SEC) has filed charges against Impact Theory, a media firm headquartered in Los Angeles, for the sale of unregistered securities in the form of non-fungible tokens (NFTs) referred to as “Founder’s Keys” during the latter part of 2021. According to the Securities and Exchange Commission (SEC), Impact Theory purportedly generated … Read more
In this discourse, we delve into the subject of “Cryptoys,” an emerging venture in the realm of digital collectibles that amalgamates renowned Disney characters with innovative blockchain technology. Cryptoys seeks to integrate iconic Disney characters, such as Mickey Mouse and Yoda from the Star Wars franchise (which is owned by Disney), into the realm of … Read more
Binance, a prominent cryptocurrency exchange, has made the strategic decision to withdraw from the Russian market. This judgment arises in the context of growing regulatory scrutiny around cryptocurrencies in Russia. Binance has announced its intention to discontinue its services to users in Russia within a specified timeframe. It is recommended that Russian customers proceed with … Read more
In the Bitcoin market, there has been a notable recent trend characterized by a substantial decrease in the on-chain transaction volume. The term “on-chain transaction volume” pertains to the aggregate quantity of Bitcoin that is being transferred on the blockchain. The scope of Bitcoin transactions encompasses both individual transactions and broader transfers of Bitcoin between … Read more
Robinhood reported a decline in its crypto revenue for Q2 2023, dropping 18% from $38 million in Q1 to $31 million. Despite the decline in crypto revenue, Robinhood achieved profits in Q2 2023, recording a total net revenue of $468 million, up 10% sequentially. The company attributed the revenue increase to higher net interest revenues … Read more
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against eToro Aus Capital Limited over its Contract for Difference (CFD) product. The lawsuit alleges potential breaches of design and distribution obligations and concerns about eToro’s license obligations related to efficiency, honesty, and fairness. ASIC questions the appropriateness of eToro’s chosen target market for … Read more
Chainflip, a decentralized network facilitating value transfer between different blockchains, will conduct a public sale of its FLIP governance tokens on CoinList Launchpad. The FLIP token sale on CoinList is set to begin on August 31, 2023, with 4.5 million FLIP tokens available at a starting price of $1.83. Registered CoinList users can participate, and … Read more
GameStop is ending its support for crypto wallets due to regulatory uncertainty in the industry. The decision will take effect from November 1, and customers will no longer have access to iOS and Chrome Extension wallets. The GameStop wallet was launched in May 2022 as a self-custodial Ethereum wallet, allowing users to manage cryptocurrencies and … Read more
Binance, the world’s largest crypto exchange, remains the dominant player in China despite the country’s crypto ban. In May, Binance recorded over $90 billion in trading volume from China, challenging the assumption that regulatory bans stifle market expansion. Binance’s success in China is attributed to its savvy use of spot and futures trading, meeting market … Read more
The Kenyan government has suspended the local activities of Worldcoin, a digital identity project, citing concerns for the safety of Kenyans. Kenya becomes the first country to suspend Worldcoin’s operations, while others have initiated investigations into the project. The suspension will remain in place pending further investigation by relevant security, financial services, and data protection … Read more