Grill.chat, a chat app based on Subsocial network, has recently announced the implementation of Ethereum Virtual Machine (EVM) wallet compatibility. This will allow users to chat using their Ethereum identities and send cryptocurrency to each other via Polygon. Subsocial is a Polkadot parachain designed for social media applications, while Grill.chat allows users to participate in
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In December 2020, the United States Securities and Exchange Commission (SEC) charged Ripple with conducting an unregistered $1.3 billion security offering. The SEC alleged that Ripple’s cryptocurrency, XRP, is a security, which deprived potential purchasers of adequate disclosures about XRP and Ripple’s business and other important long-standing protections that are fundamental to the public market
The price of Ether (ETH) briefly retested $1,780 after news of the US Securities and Exchange Commission (SEC) suing Binance and Coinbase, but the fact that it did not break below the 67-day support is a positive sign for the cryptocurrency. The SEC’s actions are a double-edged sword for Ethereum. Some analysts attribute the bounce
DeeLance ($DLANCE) is a new web3 project that aims to create a crypto and NFT-powered metaverse that puts the jobs market on the blockchain. The platform intends to revolutionize the $761 billion-dollar recruitment sector by uniting freelancers and employers in a decentralized and transparent work-focused digital space. The project is already generating significant hype in
U.S. Treasury Secretary Janet Yellen has called for “additional regulation” to protect consumers and investors from the “inherent” risks present in the cryptocurrency industry. Speaking on CNBC’s Squawk Box, Yellen said that the Treasury Department had conducted in-depth reviews of the sector in recent months under the President’s Executive Order and had identified a number
Doge Rush ($DR) is a new cryptocurrency presale project that has taken the crypto world by storm. It combines popular internet memes with gaming to offer revenue-earning opportunities. The native token, $DR, provides access to multiple features on the platform. Doge Rush is a revolutionary meme token that offers various use cases to keep users
According to data from DeFillama, crypto traders using Binance US withdrew $78.48 million on June 7, despite assurances that their funds were safe. This news follows a report that the US Securities and Exchange Commission (SEC) had sued Binance.US for violating federal securities law and placing investors at risk. On June 5, Binance US recorded
In today’s world, digital art has become a powerful medium of expression, and CASTmyNFT has emerged as a platform that offers an immersive 3D gallery experience where digital art enthusiasts can showcase and celebrate NFT collections. The platform believes that NFTs should be showcased and celebrated just like their physical counterparts. Therefore, CASTmyNFT offers immersive
LaMelo Ball, the Charlotte Hornets’ star, has teamed up with PUMA to release the third model in his signature shoe series, the MB.03. This shoe, which features an eye-catching midsole design that extends upward to the shoe’s mid-foot and unique, organically shaped padding at the Achilles and a heel scoop, embodies Ball’s “Not From Here”
On-chain analyst Willy Woo has stated that Binance customers are not concerned about recent enforcement actions by the Securities Exchange Commission (SEC). He made these comments regarding Bitcoin holders on the main global platform. However, further analysis showed that Binance.US altcoin holders have been withdrawing significant funds. The SEC filed a motion on June 6,
Jack Dorsey, a long-time Bitcoin advocate, has found himself in a Twitter war with several crypto industry pundits after he responded with a “yes” to a question asking if Ether was a security. Udi Wertheimer, a Bitcoin Ordinals developer at Taproot Wizards, inferred Dorsey was a “clown” in a tweet on June 6. The Online
The U.S. Securities and Exchange Commission (SEC) has filed charges against Coinbase claiming that the company violated securities regulations. The SEC alleges that Coinbase’s main trading platform has operated as an unregistered broker, exchange, and clearing agency since 2019. The SEC also claims that Coinbase’s Prime and Wallet services have operated as unregistered brokers since
The U.S. House Committee on Agriculture recently held a hearing to discuss a draft discussion bill on cryptocurrency that was advanced by Republican lawmakers. The hearing aimed to discuss the bill with Democratic members in order to create a bipartisan legislative proposal. Testimonies from Industry Leaders During the hearing, several industry leaders provided their testimonies.
Glassnode, an on-chain analytics firm, has recently published a report suggesting that investors are showing a preference for risk-off assets such as stablecoins and Bitcoin. The report also highlights that altcoins are currently at a crucial turning point, with a potential breakout imminent. Analysis of Uniswap and Futures Trading Volumes According to the report, the
The U.S. Securities and Exchange Commission (SEC) has requested a restraining order against Binance.US, asking the court to freeze the assets of Binance.US’s parent companies, which are operating under the name BAM. The SEC is also seeking to have Binance.US funds returned to customers. The regulator has asked Binance, Binance.US-related companies, and Binance CEO Changpeng
Louis Vuitton, the world-renowned French luxury brand, is all set to launch its first-ever “phygital” NFT collection named “Via”. The limited-edition series will feature “Treasure Trunks” in physical form that come with matching non-fungible tokens (NFTs). However, there’s a catch. Only a few hundred trunks will be made available, with each trunk costing a staggering
Defactor Labs, a decentralized finance (DeFi) lending platform, has announced that it has tokenized Alpha Bonds worth $100 million on the Polygon (MATIC) network. The tokenization will allow small- and medium-sized enterprises to use real-world assets, such as receivables, as collateral. Defactor Labs partnered with law firm CMS to provide legal guidelines and documentation, while
Sequoia Capital, one of the world’s largest venture capital firms, plans to split into three separate partnerships to serve the United States, China and Asian markets. The move aims to decentralize the company’s back-office functions, citing increased global financial complexity and growing brand confusion. Sequoia Capital plans to embrace its “local-first approach” with the change.
Coinbase, a cryptocurrency exchange platform, saw a 13% fall on Tuesday following a lawsuit filed by the US Securities and Exchange Commission (SEC). The regulatory agency accused Coinbase of violating securities laws. However, the SEC is not the only regulator charging Coinbase. The Alabama Securities Commission (ASC) has also targeted Coinbase for its failure to
On the same day that the Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase, the New Jersey Office of the Attorney General and the Alabama Securities Commission took action against the cryptocurrency exchange. New Jersey Issues Summary Cease and Desist Order The New Jersey Bureau of Securities issued a Summary Cease and Desist
Apple has finally revealed its highly anticipated augmented reality headset called Apple Vision Pro. It is set to merge the real and digital worlds in a way that has never been done before. The headset has a design that looks like a pair of ski goggles, and according to Apple CEO Tim Cook, it is
Warner Bros. Home Entertainment has teamed up with blockchain pioneer Eluvio to launch the highly anticipated Superman NFT Movie Experience. The immersive digital collectible gives fans a unique opportunity to interact with the iconic DC Super Hero film in a new way. The Superman NFT Movie Experience is set to be released on June 9,
On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against Binance, one of the largest cryptocurrency exchanges in the world. The SEC’s charges allege that Binance and its U.S. affiliate, Binance US, offered and sold securities without registering with the agency and acted as an unregistered exchange, broker-dealer, and clearing agency. The allegations
The US Securities and Exchange Commission (SEC) has removed former commissioner William Hinman’s biography from its website. This comes just eight days before the SEC is required to provide unredacted copies of Hinman’s emails, which are seen as essential to the agency’s lawsuit against cryptocurrency giant Ripple. Hinman’s biography on the SEC’s site now only
On June 5, the U.S. Securities and Exchange Commission (SEC) filed charges against Binance CEO Changpeng Zhao and various associated companies for alleged securities violations. Following this news, other members of the cryptocurrency industry expressed their support for Zhao and Binance. Huobi advisor and former TRON CEO Justin Sun took to Twitter to express his
Internet 2.0 or Web3 is a new concept that has piqued the public’s interest. The decentralized nature of Web3 and the growing prevalence of cryptocurrencies and tokens have made the landscape more complex and volatile. The terminology of blockchains, wallets, gas fees, and numerous crypto tokens can be overwhelming for many users, and the presence
Binance.US, the US-based subsidiary of the troubled Binance exchange, has described the lawsuit filed by the US Securities and Exchange Commission (SEC) against its platform as “baseless.” In a statement released on June 5, Binance.US stated that the lawsuit was another example of the financial regulator’s regulatory approach by enforcement towards the cryptocurrency industry. According