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
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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,
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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
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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.
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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The world of non-fungible tokens (NFTs) continues to evolve and expand, and the latest addition is the Trekki NFT, an initiative from Trip.com. The project aims to enhance users’ travel experiences by offering a unique blend of digital assets and real-world perks. Unlike traditional NFTs, Trekki NFT establishes enduring intellectual property enriched with a worldview
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John Forsyth, a Missouri emergency room doctor, crypto advocate, and co-founder of crypto project Onfo (ONFO), was recently found dead in northwest Arkansas after being reported missing for over a week. He was last heard from on May 21 through text messages with his fiancée. Authorities told the deceased’s brother Richard Forsyth that John’s corpse
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Magic, a San Francisco-based wallet-as-a-service (WaaS) provider, has raised $52 million in a strategic funding round led by PayPal Ventures. The latest capital infusion brings the firm’s valuation to just under $500 million. Other participants of the fund round include Cherubic, Synchrony, KX, Northzone, and Volt Capital. Expanding Functionality and Integration The latest capital infusion
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