On April 24, 2023, Coinbase announced that it had filed an action in federal court requesting the U.S. Securities and Exchange Commission (SEC) to respond to their petition. The petition, submitted in July 2022, requested the commission to propose and adopt rules governing the regulation of digital assets. Coinbase Requests SEC to Respond to Petition for Digital Asset Regulation The…
In the crypto space, the term “airdrop” refers to the unsolicited distribution of tokens, usually for marketing purposes or as a reward for network participation or contributions. The first recorded crypto airdrop took place back in 2014 when Auroracoin handed out its native cryptocurrency, AUR. Another well-known airdrop was that of decentralized exchange Uniswap, which gave its UNI (UNI) governance…
Joe Russo, director of Marvel Studios blockbuster “Avengers: Endgame,” has predicted that it’ll only be two years until we see an AI-generated movie that’s convincing enough to give viewers pause. Speaking on a panel at the Sands International Film Festival in St. Andrews, Scotland, Russo was joined by Epic Games CCO Donald Mustard, who predicted that an AI-generated movie could…
Bitcoin remained close to a four-week low on Tuesday, as prices fell to a support point around $27,000. The decline came ahead of this afternoon’s U.S. consumer confidence report, which is expected to fall from 104.2, to a reading of 104 in April. Ethereum was also lower, and approached a breakout below the $1,800 level. Bitcoin Bitcoin (BTC) continued to…
As crypto exchange Coinbase makes a push toward a sensible regulatory environment for the crypto space, the exchange launched a nonfungible token (NFT) collection to gain the community’s support. However, not everyone is excited about the move, with some not even sure if it will have any impact at all. On April 25, Coinbase launched an NFT campaign dubbed “Stand…
Following last year’s launch of “The Gimmicks” with actress Mila Kunis’ production studio, Web3 animation studio Toonstar is back with “Space Junk,” another animated web series that uses NFTs to enable creative collaboration and participation. This time around, “Napoleon Dynamite” star Jon Heder is attached as a voice actor. “Space Junk” is billed as a workplace comedy set amongst the…
On Apr. 24 the Southern district court of New York held the first jury hearing on the case against former OpenSea product manager Nathaniel Chastain, who’s being accused of insider trading with nonfungible tokens (NFTs). The allegations were filed by the U.S. Manhattan Attorney’s Office on May 31, 2022. Chastain is being indicted on two counts — wire fraud and…
A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition does not amount to an infringement on property rights. Cryptocurrency an ‘Undefined’ Payment System in Uganda…
Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments. Source: https://cointelegraph.com/public/index.php/news/stablecoin-payments-visa-shares-plans-for-ambitious-crypto-product
Coinbase CEO Brian Armstrong has backed a campaign urging the crypto community to unite in their efforts to have the government and regulators establish clear rules for the nascent industry. The crypto exchange chief took to Twitter late Monday to share that he had minted a “Stand with Crypto” NFT at the Zora marketplace. “The Stand with Crypto commemorative NFT…
