Late last month, Yuga Labs—the $4 billion company behind prominent NFT collection Bored Ape Yacht Club—attempted to silence a vocal critic by suing him in federal court. Things aren’t getting any quieter. The critic in question, internet provocateur and conceptual artist Ryder Ripps, has hired Louis Tompros of law firm Wilmer Hale to serve as lead trial counsel in Yuga…
Vitalik Buterin is taking to Twitter to defend Ethereum’s move to proof of stake. The Ethereum co-founder took a shot at Swan Bitcoin’s managing editor Nick Payton, who argued Thursday that any cryptocurrency that powers a proof of stake blockchain—which uses validators with pledged, or “staked,” assets to verify transactions—is a security. “The fact that you can vote on something…
In brief Hostess has released special edition Twinkies snack cakes called $TWINKcoin. It’s not a real cryptocurrency, just a limited run of circular Twinkies. I thought it was a hoax—and so did my boss, and his boss too. We field plenty of exaggerated, nonsensical claims in the crypto media space. But this was not one of those: Hostess really has…
The United States Securities and Exchange Commission has pushed the deadline to approve or disapprove ARK 21Shares’ Bitcoin exchange-traded fund to August 30. According to a Tuesday filing from the SEC, the regulatory body extended the deadline for approving or disapproving the ARK 21Shares spot Bitcoin (BTC) ETF from July 16 for an additional 45 days, to August 30. The…
The United State Department of the Treasury has requested comments from the public on the potential opportunities and risks of digital assets in compliance with President Joe Biden’s executive order from March. In a Tuesday announcement, the U.S. Treasury said it was asking for input from the public that will “inform its work” in reporting to the president the possible…
The Bank of England has again urged regulation of cryptocurrencies, with the central governor today stating that “technology does not change the underlying risks in economics and finance.” In a speech at the British High Commission in Singapore, Bank of England Deputy Governor John Cunliffe said that lessons should be learned from the “crypto winter”—highlighting Bitcoin’s plunge from its all-time…
Positive price movement during bear markets are notoriously hard to come by due to the non-stop FUD of media and lackadaisical interest from crypto investors. One crypto that managed to flash green on June 12 is Nervos Network (CKB), an open blockchain protocol designed for universally accessible decentralized applications (DApps). Data from Cointelegraph Markets Pro and TradingView shows that CKB…
The non-fungible token and blockchain gaming company Animoca Brands has announced the firm has raised $75 million from investors such as Kingsway Capital, Liberty City Ventures, and others. The capital injection of $75 million brings Animoca’s overall pre-money valuation to $5.9 billion. Animoca Brands Secures $75 Million to Bolster Digital Property Rights The Hong Kong-based crypto gaming, NFT, and venture…
Prominent crypto investor Multicoin Capital has launched a new venture fund valued at $430 million, further demonstrating venture capital’s growing interest in the blockchain economy amid the bear market. Multicoin’s Venture Fund III will invest between $500,000 and $25 million in early-stage companies across various crypto- and blockchain-focused industries, the company announced Tuesday. It’s also willing to invest values of…
In brief Stepn, a popular Web3 “move-to-earn” fitness game, has expanded a program to buy back and burn its GMT tokens. The game will also expand from Solana and BNB Chain to Ethereum. Stepn, a Web3 fitness game billed as a “move-to-earn” experience, is making some major moves of its own. The startup announced today it will use a portion…
