Class action complaint was filed by Bragar Eagel & Squire PC against the defendants. South Korean authorities raided 15 crypto firms and exchanges. Multiple cases have been filed against TerraForm Labs and its founder Do Kwon, the head of research Nicholas Platias, and linked companies that defrauded billions of dollars
A federal court lawsuit has not yet been filed on behalf of the plaintiffs in this case. So far, the SEC has refrained from categorically classifying any NFT as security. One of the most well-known NFT collections, Bored Ape Yacht Club (BAYC), created by Yuga Labs (a $4 billion corporation),
Loans to the troubled hedge firm Three Arrows Capital would be immune from this. Customers who don’t want to use FTX may nonetheless file bankruptcy claims. Alameda Research and its affiliate FTX have offered to purchase Voyager Digital, but Voyager Digital has rejected the deal, calling it a “low-ball bid.”
The transaction was worth 8,000 ETH ($12,084,840), at the time of writing. Last week, Ethereum registered over 2 million unique active addresses. Ethereum (ETH) is the second largest cryptocurrency in terms of market capitalization and it holds over 18.4% of the market share. Due to the current market volatility, Ethereum
Q2 investment memo showed a 34% decrease in transaction activity. Besides Web3 infrastructure, the company spent aggressively on blockchain gaming. According to Coinbase Ventures’ Q2 report, overall deal activity fell in tandem with the prevailing gloomy tone in the market. However, the firm’s investment thesis on infrastructure projects that exhibit
An $800 million bond payment is due in January 2023 on President Nayib Bukele. El Salvador’s initial purchase in September last year saw a 50% drop in its value. Investors can take advantage of the present pricing of El Salvador-issued Eurobonds because of the recent crypto meltdown, according to Morgan
Overexposure to Terra, staked Ethereum, and Grayscale’s Bitcoin trust are blamed. Zhu said that when it came to Terra, he originally saw no warning signs. A Bloomberg interview with Su Zhu and Kyle Davies, the two co-founders of the recently collapsed crypto hedge firm Three Arrows Capital (3AC), has broken
The platform’s commercial potential is reported to have been harmed by prohibitions. It was built by Tencent’s Platform and Content Group (PCG). According to a report by Chinese news agency Jiemian, cited by the South China Morning Post, Shenzhen-based technology company Tencent is ready to shut down its NFT platform
This improvement aims to make NFT trading easier for beginners. NFT marketplace OpenSea receives orders from 25,000 to 30,000 customers every day. The largest U.S. crypto exchange, Coinbase, has released an update to its multi-product wallet that makes trading non-fungible tokens (NFTs) easier for experts and novices alike. The Coinbase
In June, the protocol announced that it has acquired Genie. Sudoswap allows users to purchase or sell NFTs in a decentralized way. An NFT-focused decentralized exchange (DEX), Sudoswap is now being integrated into the largest crypto DEX Uniswap. It was announced today that Uniswap would be introducing NFTs “with full
