Bitcoin is chasing $60,000, and altcoins are showing modest gains today. Does that mean the crypto market has bottomed? Source: https://cointelegraph.com/news/did-the-crypto-market-bottom-this-week-here-s-what-the-data-shows?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
‘Presumed Guilty’: Sam Bankman-Fried Files Appeal, Argues Judge Was Unfair
Imprisoned FTX co-founder and former CEO Sam Bankman-Fried has appealed to overturn his fraud conviction, court documents filed Friday show. The appeal from Bankman-Fried’s lawyers argues that he never got a fair trial and should therefore be tried again under a new judge. “He was presumed guilty—before he was even charged,” lawyers for Bankman-Fried wrote. “He was presumed guilty by…
Coinbase’s ‘Stand With Crypto’ creates NFT legal defense fund
Coinbase has emerged as a vocal advocate for the crypto industry in the face of ongoing regulatory crackdowns in the United States. Source: https://cointelegraph.com/news/coinbase-stand-with-crypto-nft-legal-defense-fund-a16z-opensea?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Doom Olympics’ Game Competition Kicks Off on Ethereum
Think you’re good at the classic shooter Doom? On Thursday, a fully on-chain, weeklong competition called the “Doom Olympics” began with a $15,000 prize pool up for grabs. Crypto gaming project RIVES has previously put “every aspect” of retro games like Tetris on the Cartesi blockchain—an Ethereum-based scaling network that uses Linux-powered rollups—as well as Base, the Coinbase-incubated Ethereum layer-2…
Sam Bankman-Fried files appeal for felony conviction
Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial, was convicted of seven felony counts, and was sentenced to 25 years in prison. Source: https://cointelegraph.com/news/sam-bankman-fried-appeal-fraud-conviction-sentence?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC softens stance around SAB-121: Galaxy Research
In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote. Source: https://cointelegraph.com/news/sec-softens-stance-sab-121-galaxy-research?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Why CEO Jack Lu Is Pushing Magic Eden Beyond NFTs
Why CEO Jack Lu Is Pushing Magic Eden Beyond NFTs Magic Eden’s grip on the NFT market has been cemented by a multi-chain approach under co-founder and CEO Jack Lu. Now the marketplace is pushing forward with a digital wallet that bridges Bitcoin, Ethereum, and Solana as it eyes other future expansions. Lu discusses Magic Eden’s evolution since its early…
Worldcoin Expands World ID to Solana via Wormhole
Worldcoin, a rising player in the decentralized identity space, recently made headlines with a significant expansion of its World ID feature to the Solana blockchain through the Wormhole interoperability platform. This development, announced on September 13, comes as part of the Worldcoin Foundation’s efforts to extend its decentralized identity verification system across multiple blockchains. Worldcoin Solana Integration: What You Need…
BNB Chain’s improving fundamentals and use cases beyond DeFi support BNB run to $600
Upcoming Binance Launchpad incentives, CZ’s upcoming release and BNB Chain’s use cases outside of DeFi appear to be behind BNB’s rally. Source: https://cointelegraph.com/news/bnb-chain-fundamentals-and-use-case-beyond-defi-support-run-to-600?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Magic Eden CEO Welcomes ‘Regulatory Clarity’ After SEC Threat to NFT Rival OpenSea
When the NFT marketplace OpenSea signaled that it was braced for a regulatory crackdown last month, the disclosure delivered a jolt to Magic Eden CEO Jack Lu. “It all happened very suddenly,” he said in an interview with Decrypt (video below), adding that the San Francisco-based firm has not received a so-called Wells notice from the U.S. Securities and Exchange Commission…