The U.S. Securities and Exchange Commission (SEC) has intensified its regulations in the cryptocurrency sector by issuing a Wells notice to OpenSea, a leading NFT marketplace. This indicates that the SEC is considering legal action against the platform, alleging that the NFTs traded on OpenSea might be under unregistered securities.
Donald Trump’s latest NFT collection, launched on August 27, shows contrasting outcomes just one day after its debut. The “America First Edition” digital trading cards have achieved over $2 million in sales despite a sluggish NFT market. However, the collection’s overall performance appears mixed when considering its size. In a
In its first four months of launch, Bitcoin Runes—a protocol for non-fungible tokens—processed 15.6 million transactions, resulting in fees of $162.4 million. In the first two months, Runes accounted for the bulk of transactions, with Dune Analytics reporting daily totals reaching 300,000. With almost a million transactions in minting, etching,
The Federal Bureau of Investigation (FBI) is taking an innovative approach to reach victims of crypto fraud. The agency plans to use Non-Fungible Tokens (NFTs) to notify victims of a Miami-based crypto scheme called CluCoin. The FBI aims to distribute approximately $1.14 million back to the victims. This represents one
Magic Eden is planning to introduce and use a utility token called “ME” on its Non-Fungible Token (NFT) marketplace. Importantly, the firm said that the ME Foundation is working on the token’s development. The new token is designed to make cross-chain trade easier on the platform that is built on
CryptoPunks is a groundbreaking project of 10,000 collectible characters or crypto avatars on the Ethereum blockchain. It has recently experienced dramatic fluctuations in value due to a dip in “blue chip” NFTs. CryptoPunks launched in July 2017, is celebrated as one of the earliest examples of non-fungible tokens (NFT), inspiring
Japan’s Ministry of Economy, Trade and Industry (METI) has taken a bold step towards the future by launching a pilot program. It focused on promoting the adoption of digital public goods through Web3 and blockchain technology. This initiative involves major players such as PricewaterCoopers(PwC), Rakuten, and NTT Digital; moreover, it
Unioverse, the pioneering sci-fi franchise and game creation platform, has announced a number of significant advances, including the pre-alpha release of its second game, Hoverdrome. In addition, Unioverse has organized a tournament with a prize pool of $300,000 $UNIO, $15,000 USDC, and other prizes to coincide with the release. Additionally scheduled for release is
The pro-Bitcoin attitude of former US President Donald Trump may have won over many Americans. The backing he has gotten from crypto enthusiasts via contributions associated with his recent sales of Non-Fungible Token (NFT) sneakers is proof of this. Almost immediately after being listed, Trump’s Bitcoin NFT sneakers sold out.
The legal battle of the U.S. Securities and Exchange Commission (SEC) with other firms and personalities are resurfacing to the mainstream. Two renowned artists have filed a legal suit against the SEC due to the uncertain classification of non-fungible tokens (NFTs) as securities. On July 29, songwriter Jonathan Mann, popularly
