How are regulations affecting the DeFi market?
What is going on with all these crypto companies coming under heavy SEC investigation? BlockFi, for example, is paying $100 million $50 million to the SEC, and an additional $50 million to over 30 states for giving out interest and operating as a non-Registered Investment Company. Now, it’s no secret that crypto companies and the […]
What should we really expect from DeFi, Web3, and the future of the internet?
Sounds appealing? Well, you’ve just heard the first line of a sales pitch-revolutionary manifesto that’s gaining traction in San Francisco and Washington DC. It goes by the name of Web3.
What BlockFi’s $100M settlement with the SEC means for the future of DeFi lending
“Adherence to our registration and disclosure requirements is critical to providing investors with the information and transparency they need to make well-informed investment decisions in the crypto asset space,” said SEC enforcement director Gurbir S. Grewal.
LarvaLabs Disowns The CryptoPunks V1
Larva Labs, the creators of the ever-popular CryptoPunks NFT project, came under fire. The team faced backlash for the way they handled a situation regarding an NFT project called V1 CryptoPunks, which was born from the original CryptoPunks smart contract. In a move that was condemned by many members of the NFT community, a Larva […]
Layer 2 Blockchain: A Gimmick or the Ultimate DeFi Solution?
If you’ve tried DeFi recently, you’ve probably experienced the frustrations of high transaction fees due to increased demand for DeFi services on the Ethereum network, and it’s become the new norm to pay higher fees such as $20 per transaction. But if we don’t resolve the blockchain scalability problem, these transaction fees will act as […]
A rare NFT from the CryptoPunks collection was sold for 2501 ETH.
An unknown person purchased a non-fungible token (NFT) CryptoPunk #5577 for 2501 ETH (over $7.8 million). The deal was the third-largest in the history of the collection. Twitter users congratulated Compound DeFi protocol founder Robert Leshner on the NFT acquisition. Leshner himself did not directly confirm the purchase of CryptoPunk #5577. There is no evidence […]
Gucci bought a piece of land in the Sandbox metaverse.
Italian fashion house Gucci has acquired a virtual piece of land in the metaverse of The Sandbox project, according to Vogue Business. The acquisition will provide the fashion brand with an interactive communication experience within Gen Z-focused experiential Gucci Vault space created by creative director Alessandro Michele. Selected fashion items created by Gucci designers will […]
Tennessee will discuss the possibility of governmental funding in cryptocurrencies and NFTs.
A bill has been submitted to the Tennessee House of Representatives (USA) that will allow government agencies in the region to invest in cryptocurrencies and NFTs. A positive resolution of the budget committee is required for the bill to be put to a vote. The document proposes amendments to state laws regarding eligible investments, and […]
Pantera Capital and Coinbase have invested in the Summoners Arena GameFi project.
Summoners Arena developers have raised $3 million in seed funding, led by Pantera Capital. The round was attended by Coinbase Ventures, Impossible Ventures, Spartan Group, as well as other investors and business angels. The team will use the funding to expand the staff and further develop the project. In particular, improving graphics and integrating new […]
The Optimism team paid out over $2 million for the discovered vulnerability in their system.
The developers of Optimism, a layer-two solution for scaling Ethereum, have fixed a critical vulnerability. The bug was discovered by programmer Jay Freeman in the code for a fork of Geth for Optimism. According to the description, the vulnerability allowed the creation of ETH in the protocol by repeatedly activating the SELF-DESTRUCT function. Freeman reported […]