The takeover of Fortress Trust by financial technology company Ripple on Sept. 8 involved more than just an acquisition deal. The transaction was accelerated by a security incident hours earlier involving a Fortress third-party analytics vendor, Ripple confirmed to Cointelegraph. According to a representative from Ripple, discussions between the companies intensified last week after cloud tools of a third-party analytics…
In this week’s newsletter, read about how Google will start allowing games featuring nonfungible tokens (NFTs) to advertise and promote themselves using its platform and how a developer stole $1 million in assets from the Milady NFT collection. Check out how an insurance company excluded NFTs from a $20-million policy and how the metaverse is “hot” in Asian markets like…
Lawmakers in the European Union parliament voted overwhelmingly in support of the eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule, in a plenary session on Sep. 13. Held in Strasbourg, France, the session reportedly saw DAC8 receive overwhelming support in the form of 535 member votes for and just 57 against. The measure received…
Collapsed digital asset exchange FTX was today given the green light to sell a billions worth of crypto assets by the judge overseeing its bankrtupcy proceedings. Delaware Bankruptcy Court officials approved that the defunct crypto brand can now sell $3.4 billion in Solana, Ethereum, Bitcoin, and other assets. FTX quickly and unexpectedly went bankrupt last November due to alleged criminal…
Stoner Cats, an NFT-driven cartoon series project launched in 2021, has been charged by the U.S. Securities and Exchange Commission (SEC) over the sale of unregistered securities. But despite the regulatory trouble announced Wednesday, NFT collectors are buying them up on secondary markets, more than doubling the asking price in the process. Dozens of Stoner Cats NFTs on Ethereum have…
Cosmos Hub, one of the blockchains of the Cosmos Network, has been upgraded to launch a liquid staking module, enabling users to bypass the previous 21-day unbonding period by unstaking Cosmos (ATOM) funds. ATOM is the native token of the Cosmos Network. Before the upgrade, ATOM holders had a locking period of 21 days to move their funds after unstaking…
Stoner Cats 2 LLC (SC2), the company behind the Stoner Cats animated series, has agreed to a cease-and-desist order and other measures imposed by the United States Securities and Exchange Commission (SEC) after being charged with conducting an unregistered offering of crypto asset securities in the form of nonfungible tokens (NFTs). According to the SEC, SC2 sold more than 10,000…
NFTs have taken a massive hit since the 2021 bull market, but some experts say they could make a comeback. Source: https://cointelegraph.com/public/index.php/news/are-nft-markets-in-a-death-spiral-or-ready-for-a-resurgence
In the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Bitcoin’s (BTC) latest bounce at $25,000, which some analysts and influencers argue represents a short-term buying opportunity. Pechman explains that Bitcoin’s inverse correlation with the U.S. Dollar Index has only held for 40% of the previous 20 months, meaning it is likely not a good metric…
BTC’s price clings to $26,000, with Bitcoin traders braced for the Wall Street open, following the latest CPI report. Source: https://cointelegraph.com/public/index.php/news/bitcoin-price-cpi-inflation-jump-beyond-forecasts
