According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows. 3AC Liquidators Frustrated With Lack of Response…
Web3 infrastructure developer ConsenSys, the maker of the popular MetaMask digital wallet, has cast 7.03 million votes in favor of a proposal that would see decentralized exchange (DEX) Uniswap v3 deployed on BNB Chain, according to data from Tally. The votes are denominated by the number of underlying UNI owned by ConsenSys, worth an estimated $47.5 million. At the time…
The United States Federal Reserve Chairman Jerome Powell said on Feb. 7 that the “disinflationary process, the process of getting inflation down,” has started but it is still in its very early stages. He cautioned that strong data would be met with more rate hikes. Though the comments are mixed, they triggered buying in the S&P 500 and Bitcoin (BTC)…
In many ways, the crypto bear market adage about building has been ideal for Aptos. It took focus off the blockchain’s tokenomics, which drew a lot of criticism for being unveiled the day after its mainnet launch in October. A common refrain on Twitter at the time was that after raising $350 million at a valuation of more than $4…
In many ways, the crypto bear market adage about building has been ideal for Aptos. It took focus off the blockchain’s tokenomics, which drew a lot of criticism for being unveiled the day after its mainnet launch in October. A common refrain on Twitter at the time was that after raising $350 million at a valuation of more than $4…
In 2022, the concept of nonfungible tokens (NFTs) faced criticism from those who questioned their utility. However, the team behind the “A Hard Working Man” (AHWM) digital collectibles project is eager to change that perception. In collaboration with Cointelegraph and Animal Concerts, the team behind the hit single “A Hard Working Man” — including Grammy-award-winning production duo The Avila Brothers…
French luxury goods brand Hermès International S.A. has prevailed in its lawsuit against the creator of unauthorized MetaBirkin NFT collectibles, which the company said had violated its trademark for Birkin handbags. A Manhattan federal jury decided in favor of Hermès on Wednesday, according to Bloomberg Law, awarding the company $133,000 in damages while noting that digital artist Mason Rothschild’s 100…
Legendary hip-hop music label Def Jam Recordings is the latest to try its hand at creating a musical act built around NFT avatars, today announcing a collaboration with Solana-based project Catalina Whale Mixer to create a virtual band. Called The Whales, the virtual band will pair colorful whale avatars from the Solana profile picture (PFP) collection with music from what…
DeFi’s use case in traditional finance could grow in the coming years as new protocols attempt to support the securitization of real-world assets, according to a new research report from credit rating agency S&P Global Ratings. The financing of real-world assets, or RWAs, will likely be a key focus area for DeFi protocols moving forward, S&P said in a report…
Chiliz, the crypto startup behind fan token platform Socios, today launched its new layer-1 blockchain, shifting away from the current chain running on Ethereum. The launch of Chiliz Chain 2.0 comes as the project marks its fifth anniversary, with a logo rebrand as another key aspect of the celebrations. Chiliz Chain 2.0, which was launched on testnet in March last…
