The recent legal battles between the SEC and various crypto companies have shed light on the murky world of securities fraud in the digital asset space. Terraform Labs, the creator of UST and LUNA cryptocurrencies, was recently found guilty of violating U.S. securities laws by failing to register its offerings. This ruling has set a
Blockchain
Studio369, a videogame developer, recently announced the successful completion of a funding round for their upcoming web3 MMO, MetalCore. The funding round, which took place on March 12, resulted in Studio369 securing $5 million from a variety of investors, including Delphi Digital, BITKRAFT Ventures, Sanctor Capital, Spartan Group, King River Digital Assets, and Arrington Capital.
Arbitrum, a Layer-2 blockchain network, is preparing to unleash $2.32 billion worth of vested Arbitrum (ARB) tokens on March 16, marking a significant milestone for the platform. The token unlocks will be done in a “Cliff Unlock” manner, where tokens are released in a lump sum at the specified deadline. Roughly 1.1 billion locked ARB
Core Foundation, a decentralized ecosystem for dApps, has recently announced the launch of its non-fungible token (NFT) marketplace. This initiative aims to provide a secure platform for users to mint and trade NFTs, contributing to the growth of the Core chain. The Core Journey NFT collection is a significant part of this launch, designed to
China’s Shandong Province has taken a major step towards embracing digital currency by introducing a digital yuan loan program for entrepreneurs. This initiative aims to integrate digital currency into regional business practices, making it easier for small businesses to access capital. Streamlining Access to Capital The capital city of Jinan in Shandong Province recently facilitated
BA Labs, a key member of the MakerDAO Stability Advisory Council, has recently proposed an emergency rate adjustment within the MakerDAO community forum due to unprecedented market volatility and a significant reduction in reserves. This proposal aims to address the immediate challenges posed by the current market conditions by implementing various changes within the Maker
In recent news, K Bank, a South Korean neobank, has announced its intention to make an initial public offering (IPO) bid. The decision was made by the bank’s board of directors, with the goal of listing on the South Korean KOSPI stock market within the year. The neobank has seen rapid growth, particularly due to
On March 7, Goldman Sachs made a significant move by adjusting its bearish stance on Coinbase and upgrading COIN’s stock position from sell to neutral. This change came following the recent uptrend in the price of bitcoin, which reached a new all-time high of $69,225.37 on Wednesday. The investment firm responded to this price rally
In a recent report on March 7, U.S. Senators Cynthia Lummis and Kirsten Gillibrand are getting ready to announce a stablecoin regulation bill. The bill has received positive feedback from key stakeholders, including the Treasury and the New York Department of Financial Services. Senator Lummis, known for her pro-Bitcoin stance, has emphasized the need for
The central bank of the Philippines (BSP) is on a mission to finalize a Central Bank Digital Currency (CBDC) pilot by the end of the year, as reported by local press. Deputy Governor for Payments and Currency Management, Mamerto Tangonan, stated during a press briefing that the timeline for completing the pilot is within the