How 1 Simple Question Kickstarted Performance Artist Foodmasku’s Plunge Into NFTs As his food mask creations went viral on the Internet during the COVID lockdowns, reposted on TikTok and Instagram without his consent, he soon asked: “How do I protect my digital files?” Performance artist Foodmasku describes at this year’s NFC Lisbon how that simple question spiraled into a minting…
Nonfungible-token (NFT) protocol Enjin has announced its transition into a new mainnet called “Enjin Blockchain” with the aim of furthering Web3 adoption. Following the transition, its Polkadot parachain called Efinity has also been forked into the new blockchain. In an announcement sent to Cointelegraph, the Enjin team highlighted that the Enjin Blockchain will differ from other blockchain solutions that rely…
Arianee CEO Pegs Wine and Spirits as Next ‘Exciting’ Industry to Make Web3 Leap CEO and co-founder of Arianee Pierre Nicolas Hurstel unpacks the wide spectrum of digital collectibles from 10,000 PFP collections to access passes for exclusive events. And with an unannounced big brand soon joining, Hurstel revealed at NFC Lisbon which kind of NFTs big brands are moving…
The House Energy and Commerce Committee Subcommittee on Innovation, Data and Commerce gathered on June 7 to discuss blockchain technology and the future of Web3. Crypto industry members including Ryan Wyatt, president of Polygon Labs and legal experts appeared before the committee to engage in a much more amicable dialogue. This meeting was held just after the SEC announced back-to-back…
A United States federal judge has recently dismissed the lawsuit against the decentralized finance (DeFi) platform PoolTogether. According to the ruling, the federal court system is not the correct place to air out concerns against the DeFi startup. CASE DISMISSED!!!! https://t.co/HDApQZe3Sx pic.twitter.com/SjcDnMnLIV — Leighton (@lay2000lbs) June 7, 2023 U.S. Judge Frederic Block said that despite having genuine concerns about the…
The largest European consumer rights group alleges crypto marketers in popular social networks the misleading promotion and thus exposing consumers to serious harm. A certain complaint was filed with the European Commission. On June 8, the European Consumer Organisation (BEUC) published a report ‘Hype or harm? The great social media crypto con.’ In a 20-page document, BEUC states that consumers…
Gamestop has fired its CEO Matt Furlong, the executive responsible for launching the company’s push into nonfungible tokens (NFTs). According to a June 7 statement, Furlong was terminated while Ryan Cohen — a billionaire investor held in high esteem by memestock traders following the notorious GameStop short squeeze — was promoted to the role of Executive Chairman. Minutes after the company…
Court filings have revealed the names of the two United States District Court Judges that will preside over the Coinbase and Binance lawsuits brought against them by the U.S. Securities and Exchange Commission. The case of SEC v Coinbase will be heard by District Court Judge Jennifer H. Rearden in the Southern District of New York, filings show. Meanwhile, District…
Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers. The move comes amid two major global exchanges facing a lawsuit from the United States securities regulator and is just a few weeks after another major bank, Westpac banned customers from transacting with crypto…
Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior South Korean prosecutor heading the investigation. It is understood that Kwon is currently serving house bail in Montenegro, after having his bail proposal granted by a Montenegro court on June 5. Both Kwon and Terraform Labs’ chief financial officer…
