The CFTC has been permitted to serve legal documents on Ooki DAO’s users, but a federal court in San Francisco is now rethinking its choice. How do you sue a DAO? The question was at the heart of the Commodity Futures Trading Commission’s case against the Ooki DAO, a decentralized autonomous organization that the agency […]
CFTC and crypto lawyers duke it out over service in the Ooki DAO case Read More »
Blockchain has come a long way, from the underlying technology behind Bitcoin and other cryptocurrencies to a global technologically distributed ledger. When Bitcoin first appeared on the financial scene, it was labeled by many as something used by criminals, and thus the blockchain network became a supporter of this cause at the time. The blockchain
Blockchain and Privacy. A myth or reality? Read More »
Nexus Mutual Expects $3M Loss on Maple Finance’s $36M Default Risk from Orthogonal Trading. Nexus Mutual is now trying to divest the wETH funds from the platform. The ripple effect of companies embroiled in a crypto liquidity crisis after the FTX collapse continues, with Nexus Mutual now looking to divest from Maple Finance M11 Credit
Nexus Mutual moves to divest, expects $3 million loss with Maple Finance Read More »
The bad actors left no stone unturned as the legendary metal band. Metallica warned fans about crypto giveaway scams just ahead of the much-anticipated release of their new album, 72 Seasons. Scammers have started targeting metalheads through social media impersonation for the upcoming tour. However, Metallica quickly pointed out “the ugly side of social media”
Metallica issues crypto scam alert before the 72 Seasons album launch Read More »
Ethereum co-founder Vitalik Buterin says AI is ‘quite far’ from replacing human programmers Vitalik Buterin has good news for programmers worried about being fired by the AI; It’s just not that good yet. The Ethereum founder said he tested ChatGPT, an AI chatbot developed by OpenAI, to see if he could write valid code. Interest
Bitcoin’s price fell below $17,000 after holding steady on the previous trading day. Meanwhile, Bitcoin (BTC) hash rate has also declined as the miner continues to struggle as the price undergoes a massive correction phase. In addition, the BTC mining difficulty is expected to improve significantly. According to the new update released by a popular
Blockchain gaming giant and venture capital firm Animoca Brands plan to raise $1 billion to $2 billion as part of a new Metaverse fund called Animoca Capital, Nikkei Asia reported. According to Yat Sui, Animoca’s co-founder and CEO, the fund aims to invest in late-stage mid-metaverse companies. It will focus on digital property rights for
Animoca’s New $2B Investment Fund Focuses on the Metaverse Read More »
Aave bought Sonar, a Web3-compatible social gaming app, to integrate with its Lens Protocol decentralized identity platform. Aave hired Sonar brothers and co-founders Ben South Lee and Randolph Lee to lead Lens’ expansion into Web3 services. Aave Companies acquired Sonar, a mobile social gaming application that supports NFT-based avatars, to extend the Lens protocol for
Aave acquires web3 social gaming app Sonar to expand Lens Protocol Read More »
Senators criticize crypto-friendly banking firm Silvergate for not controlling customer money transfers between FTX and Alameda. A bipartisan group of senators wants more information from Silvergate Bank. This bank serves cryptocurrency and fintech customers, on the bank’s current financial health while also asking the company about its management of FTX funds and Alameda challenges the
Senators want more info on Silvergate’s ‘egregious failure’ on FTX Read More »
Electronic music is big business. According to a report from the International Music Summit, the electronic music sector was valued at US$6 billion in 2021, and this sector is poised for significant additional growth. That $6 billion number represents a 71% increase in industry valuation in 2020, which understandably was much less the result of
Party-to-earn: Blockchain breaking down the doors in electronic music community Read More »
