Binance, the world’s largest cryptocurrency exchange, is facing mounting regulatory challenges in Europe and the United States in the aftermath of the United States Securities and Exchange Commission (SEC) filing a civil lawsuit against the company on June 5. French authorities are investigating the company for alleged “aggravated money laundering” and other illegal activities related…
The crypto industry in the U.S. is facing its greatest challenge in the history of its nascent existence. After steadily ramping up anti-crypto rhetoric and the enforcement of securities laws in recent years, the United States Securities and Exchange Commission (SEC), led by Chair Gary Gensler, filed civil lawsuits against the largest crypto exchanges in…
In August 2021, Ringers #879 became one of the most expensive NFTs ever sold at 1,800 ETH ($5.9 million). Two years later, the NFT from Dmitri Cherniak’s groundbreaking generative art project, affectionately known as the “Goose,” has found a new home for $5.4 million via Sotheby’s Grails: Part II auction. Knowing the history of Ringers…
Proof Collective — an exclusive members-only NFT community responsible for projects like Moonbirds, Oddities, Grails, and Emotes — has revealed its intention to launch a real-world, multi-purpose gallery and event venue situated in downtown Los Angeles’ Arts District. The venue is envisioned as a “hub where the Proof community, including Web3, traditional art, and entertainment spheres, can gather,” with…
Prominent billionaire and tech entrepreneur Mark Cuban has now weighed in on the U.S. Securities and Exchange Commission’s (SEC) recent crypto crackdown. In a series of tweets penned throughout June, the tech entrepreneur urged for the simplification of the SEC’s rules concerning the cryptocurrency industry, pointing out the ambiguous and convoluted guidelines that startups are…
Francis X. Suarez, the two-term mayor of Miami and noted advocate for Bitcoin and blockchain technology, has officially filed paperwork to run for the U.S. presidency in 2024. He will be running as a Republican candidate, according to documents released by the U.S. Federal Election Commission on June 14. Affectionately dubbed the “Bitcoin Mayor,” Suarez’s…
Last month, Ledger launched its latest feature into a full-blown firestorm. The French hardware wallet provider envisioned its paid, optional Ledger Recover subscription service as a safety net for users to recover their digital assets in the case of a lost or forgotten seed phrase. However, the company quickly found itself embroiled in controversy with…
Hong Kong has been making headlines in the crypto space ever since it announced it would allow retail crypto trading in May 2023. On June 1, Hong Kong implemented new crypto regulations to license exchanges, with the Hong Kong Securities and Futures Commission (SFC) marking the occasion by issuing a flurry of regulatory guidance for…
The Bitcoin community is abuzz with the emergence of something called Recursive Inscriptions. A novel new development building upon the continued hype of the Ordinals Protocol, Recursive Inscriptions seem poised to both disrupt the growing Bitcoin NFT ecosystem and redefine the parameters of blockchain-based file storage as we know it. But how? And why should…
