Multi-chain NFT marketplace Magic Eden announced Saturday that it will launch a new Ethereum platform by the end of the year in collaboration with Bored Ape Yacht Club creator Yuga Labs—with a firm commitment to honor creator royalties on NFT sales. The companies said in a statement that Magic Eden will have a “contractual obligation” to pay Yuga Labs its…
The United States Supreme Court has taken up a legal dispute concerning Coinbase and its users, specifically addressing a significant procedural matter on whether a judge or an arbitrator should decide which contract governs disputes. According to a report from Bloomberg, this issue stems from conflicting agreements between the parties, with one contract advocating arbitration and another supporting courtroom litigation.…
Bitcoin is due to hit $45,000 by the end of 2023, with post-halving BTC price targets reaching a giant $250,000. Source: https://cointelegraph.com/public/index.php/news/bitcoin-moon-top-5-btc-price-predictions-2024-beyond
The recent surge in FTX claims is attributed to its early investment in AI companies, which have jumped in valuation. Source: https://cointelegraph.com/public/index.php/news/ftx-claims-reach-57-as-sam-bankman-fried-found-guilty-on-all-counts
The U.S. Commodity Futures Trading Commission (CFTC) has focused its attention on how companies handle customer assets. Nevertheless, this fresh regulation does not fully encompass the innovative model of the crypto platform LedgerX, leaving key operational aspects subject to regulatory oversight. Regarding regulations, the recent CFTC proposal seeks to enhance the rules for futures commission merchants (FCMs) and derivative clearing…
Robert Kiyosaki has predicted that Bitcoin’s price is going to reach $100,000. Michael Saylor is aiming for $1 million. Is it a good time to start buying? Source: https://cointelegraph.com/public/index.php/news/bitcoin-halving-months-away-may-time-risk-on
Lawyers representing the $116 million Mango Markets exploiter have convinced a judge to postpone the fraud trial until April 8, 2023. Avraham Eisenberg’s fraud trial was set to commence on Dec. 4 but several circumstances impacted his trial preparations, according to his lawyers, who filed a successful motion for a continuance to District Court Judge Arun Subramanian on Nov. 2.…
CME Bitcoin futures hit a two-year high, but options market data reflects investors’ hesitancy. Source: https://cointelegraph.com/public/index.php/news/cme-bitcoin-futures-hit-record-high-but-uncertainty-looms-above-36k
Some of the largest United States banks are not able to facilitate customers deposits after one of the Federal Reserve’s payment systems suffered an outage on Nov. 3. The Federal Reserve said the bug was caused by a “processing issue” in the Automated Clearing House — a payment processing network widely used by banks and employers to deposit wages into…
Calling artificial intelligence the most disruptive force in history, Tesla and SpaceX CEO Elon Musk heralded the end of the modern workforce during a fireside chat on the last day of the AI Safety Summit in Bletchley Park. “For the first time, we will have something that is smarter than the smartest human,” Musk said. “It’s hard to say exactly…
