A recent lawsuit against Los Angeles-based media company Impact Theory has reached a settlement with the Securities and Exchange Commission (SEC), involving the payment of a $6 million fine. The SEC fined LA-based Impact Theory after a settlement was reached…
Tornado Cash Developers Charged With Money Laundering and Sanctions Violations That Facilitated Over $1 Billion in Illicit Transactions
The U.S. DOJ has filed charges against two Tornado Cash developers with a privacy protocol operating on the Ethereum network. This protocol developed an unclear and hazy connection between sender and recipient addresses. The two developers, Roman Storm, and Roman…
Blur Dominates 60% of the NFT Market on Ethereum: Messari Report
Everyone in the cryptoeconomy talks about an “NFT market war.” You know, they’re not completely out of the way. OpenSea and Blur had already been in constant competition for a few months. But the situation got worse when Blur did an airdrop…
Blockchain Gaming Integration Begins: Grand Theft Auto Creator Take-Two Takes The Helm
A piece of recent news from a gaming news site called Game Is Hard shared that Take-Two Interactive Software, the company behind the famous “Grand Theft Auto” video game series, has entered the world of blockchain gaming. They released a…
Singapore among World’s First to Agree to Stablecoin Crypto Regulation
Making the dawn of new age, The Monetary Authority of Singapore (MAS) announced its rules for using and adapting a stablecoin cryptocurrency. Singapore is one of the earliest in setting the bar by finalizing stablecoin regulations. This stablecoin crypto regulation…
China looks to implement its social credit system in the Metaverse
China is recognized globally for its social credit system, which keeps citizens in line by putting them at risk of public disapproval and restrictions on their actions. Now, China intends to implement a similar approach to regulate metaverse users. According…
Only 8% of people are familiar with Web3 – what has happened?
The year 2021 was quite a roller coaster. Restrictions, stimulation checks, and general social withdrawal made this a noteworthy year. The crypto industry also rode a wave of excitement in the following year. Dogecoin’s remarkable rise to a price of…
Sotheby’s is being sued for its ‘Misleading’ Marketing of Bored Ape Yacht Club NFTs
The auction house finds itself in the midst of a captivating legal battle as it assumes the role of a defendant in a class-action lawsuit. This litigation revolves around suing Sotheby’s for the intriguing value of Non-Fungible Tokens (NFTs), sold at…
Ledger Adds PayPal as On-Ramp for Bitcoin, Ethereum Purchases
Ledger users are now able to make purchases using PayPal. As Ledger adds Paypal, users can acquire crypto assets through the Ledger Live App by linking their direct storage to their hardware wallet. Ledger Simplifies Crypto Tokens The new partnership…