“Napoleon Dynamite” star Jon Heder and “Workaholics” co-creator are working on the NFT-enhanced animated series “Space Junk,” which was announced earlier this week, and the experience has provided both a strong contrast to the traditional Hollywood approach to producing movies and TV series. With NFTs, Web3 creators have pioneered new types of models that let supporters fund projects and participate in…
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong inching close on a clear crypto regulatory pathway A few months after prominent industry players lamented the lack of registration pathways for cryptocurrency exchanges in Hong Kong, some respite may finally be on the horizon. On Apr. 27, Julia Leung, chief executive officer of…
On Thursday, the Federal Bureau of Investigation (FBI) searched the Washington D.C. home of Ryan Salame, a former executive of the now-bankrupt cryptocurrency exchange FTX, according to a report from The New York Times. Salame, who formerly co-led FTX’s Bahamas operation, is under investigation as part of the ongoing probe into the collapse of the cryptocurrency exchange. Authorities are looking…
On April 27, Skybridge founder Anthony Scaramucci revealed what the final days of FTX were like, claiming that most employees of the failed crypto exchange probably didn’t know what its executives were doing behind closed doors until it was too late. In a panel discussion called “FTX: What Happened?” at Consensus 2023, Scaramucci gave a detailed narrative of what happened…
On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the regulatory body’s enforcement actions were in direct contrast to the agency’s previous approval of the firm’s public listing via…
The launch of ‘Robinhood Connect,’ a fiat-to-crypto on-ramp featuring support for decentralized applications (DApps) and self-custody wallets, was announced at Consensus 2023 on April 27. Introducing our latest investment in crypto, Robinhood Connect: https://t.co/SmENSYufBA A low-cost, on-ramp for customers, and a seamless integration for developers. Learn more: https://t.co/rnBnR0LYww pic.twitter.com/6uSIAJkudO — Robinhood (@RobinhoodApp) April 27, 2023 Positioned as a competitor to…
South Korea’s central bank is a step closer to being granted powers to investigate digital asset platforms, according to a report from South Korean news outlet Herald Business. In light of the recent scandals within the cryptocurrency space, the country’s National Assembly has been discussing a law that will provide a clearer and broader regulatory framework for the nascent industry.…
The Aurory Web3 game’s Executive Producer Jonathan Campeau tells Decrypt’s Kate Irwin at the 2023 Game Developer’s Conference about the game and what it’s like to play. Source: https://decrypt.co/videos/live-events/AotiTeMz/aurory-is-pokemon-meets-the-matrix-says-executive-producer
Coinbase CEO Brian Armstrong has started selling his exchange’s stock, according to a Wednesday SEC filing, following through with a pledge the crypto entrepreneur made last year to fund scientific research. Yesterday’s SEC filing shows that Armstrong sold over $1.6 million in common stock—a tiny sliver of the $2.5 billion he owns, roughly 18% of shares. Back in October, Armstrong…
The United States House of Representatives was abuzz with talk about crypto on April 27, as both the Financial Services Committee and the Agriculture Committee held hearings with nearly identical titles and covered nearly the same ground with many similar conclusions. The Financial Services Committee in its hearing “The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset…
