South Korea, one of the largest crypto economies globally known for having a harsh cryptocurrency framework, is taking big strides in the metaverse. The South Korean government has announced it will invest more than 223.7 billion won, valued at $177.1 million, in several metaverse projects. South Korea plans to invest in the metaverse By setting …
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Former Securities and Exchange Commission lawyer Alma Angotti says this week’s news about an OpenSea employee being charged with insider trading could open the doors to non-fungible tokens being labeled as securities. On Wednesday, in a first for the industry, prosecutors in Manhattan charged former OpenSea product manager Nathaniel Chastain with insider trading. The U.S. …
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A closely followed financial analyst says Cardano (ADA) is deviating from other crypto assets as the price of the altcoin surges. In a new video, the host of financial education YouTube channel InvestAnswers says the upcoming rollout of the Vasil hard fork this month is driving ADA’s current rally. “It always rallies before hard forks. …
Polkadot (DOT) canary test network Kusama (KSM) is down 13% over the last 24 hours despite a listing announcement from Coinbase. Yesterday, the US-based exchange giant announced upcoming support for KSM once appropriate liquidity conditions are met. “Trading will begin on or after 9AM PT Thurs June 2, if liquidity conditions are met. Once sufficient …
ForUsAll, a 401(k) retirement provider, filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. on Thursday. The company is seeking the withdrawal of a DOL compliance assistance release issued in March, citing the Administrative Procedure Act, which safeguards against arbitrary official …
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Ether’s (ETH) market structure continues to be bearish despite the failed attempt to break the descending channel resistance at $2,000 on May 31. This three-week-long price formation could mean that an eventual retest of the $1,700 support is underway. Ether/USD 4-hour price at Bitstamp. Source: TradingView On the non-crypto side, a number of equities-related factors …
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Meanwhile, a separate investment management firm has re-submitted its proposal for a Bitcoin ETF. The U.S. Securities and Exchange Commission has rejected a recent proposal for a Bitcoin exchange-traded fund. However, many other asset management firms are still seeking to become the first to gain approval for their own ETF proposals. On May 27, the …
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The U.S. Department of Justice (DOJ) has indicted an employee of non-fungible token (NFT) marketplace Opensea in what the department called the “first-ever digital asset insider trading scheme.” DOJ Indicts Former Opensea Product Manager The DOJ announced Wednesday the unsealing of an indictment charging Nathaniel Chastain, a former product manager at Ozone Networks Inc. (aka …
press release PRESS RELEASE. 3 June, 2022 — Sydney, Australia: Play-and-Earn game The Red Village has announced $6.5M in seed funding from some of the world’s leading blockchain investors, including Animoca Brands and GameFi Ventures Fund, to create an immersive dark-fantasy ecosystem targeted at traditional gamers. Animoca Brands is the global leader in gamification, blockchain, and metaverse …
According to trademark filings with the United States Patent and Trademark Office (USPTO), the American rapper Ye (commonly known as Kanye West) is getting into the world of non-fungible tokens (NFTs) and the metaverse. The record producer’s company Mascotte Holdings Inc. filed 17 trademarks, and parts of the trademark summaries describe digital collectibles like NFTs. …
The websites of several ministries of Belarus have allegedly been taken down in a new attack, part of the cyberwar Anonymous is waging to help Ukraine. The hacking group declared it’s targeting the Belarusian government for its complicity in the Russian invasion of the neighboring country. Several Government Sites in Belarus Taken Offline by Anonymous …
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press release PRESS RELEASE. There are more than 300 crypto-exchanges nowadays, almost all of them offer the same mediocre features that are identical to the leading exchanges such as Binance. MemeBank is not a lazy copy of the successors but an ambitious project that aims to drive revolutionary changes. According to its official announcement, MemeBank($MBK) …
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Ripple CEO Brad Garlinghouse says the San Francisco-based payments company plans to consider acquiring other crypto projects in the future. Garlinghouse tells CNBC Ripple has a “very strong balance sheet” and is at the stage of its growth where it’s more likely to be a buyer than a seller. “I would say there’s a lot …
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Coinbase is continuing to expand its crypto footprint by extending custodial services support to a diverse array of digital assets. In a new announcement, the US-based cryptocurrency exchange says it’s adding eight cryptos to its roster of 200+ assets that are part of the Coinbase Custody cold storage trust. Coinbase Custody now supports deposits and …
BNB Chain (BNB) is unveiling a new technical roadmap amid plans to make the network faster and more decentralized by the end of 2022. The announcement was made at the BNB Chain Revelation Summit, months after Binance Chain and Binance Smart Chain merged to form the BNB Chain. The roadmap shows the network will see …
