crypto / 62 posts found
Apple Acquires Rights to Sam Bankman-Fried Book for $5M
Apple has reportedly acquired the rights to a book that tells the story of the disgraced FTX founder, Sam Bankman-Fried (SBF), according to an initial report from The Ankler. The upcoming book, “Going Infinite: The Rise and Fall of a New Tycoon,” will be authored by Big Short author Michael Lewis in a literary rights acquisition worth approximately $5 million. SBF was first arrested in December 2022 following the collapse of FTX. The Ankler first broke this news back in November 2022, revealing that Lewis had been part of an “old-school Hollywood bidding war” for the then-unwritten book as FTX’s […]
MetaMask Adds New Bank and PayPal Cash-Out Feature
MetaMask, the world’s largest crypto wallet (and internet browser extension) finally introduced a way for users in the United States, Europe, and the United Kingdom to quickly convert their crypto holdings into fiat currencies (USD, GBP, UK). Through the new “Sell” feature, MetaMask users are presented with real-time options, similar to how it works with Venmo or Cash App, to convert their Ethereum holdings (ETH) into their preferred fiat currencies – assuming they are available in their region. All they have to do is go to MetaMask and access the platform’s Portfolio section. This new feature comes just five months […]
Yuga Labs Offers Bitcoin Prizes In Ordinal Puzzle Series
Yuga Labs, the parent company of Bored Ape Yacht Club (BAYC), unveiled a 13-week cipher puzzle series on September 5th centered around their TwelveFold Bitcoin NFT collection, aiming to reignite interest in Bitcoin Ordinals Inscriptions. The TwelveFold collection, introduced in February, is a generative art series consisting of 300 unique pieces, artfully crafted on a 12×12 grid. Now, Yuga Labs is set to challenge the community with an engaging puzzle series spanning 13 weeks. …or Xverse wallet. You get the idea. Whichever wallet you have, we’ll use your submitted Bitcoin to inscribe your answer on a satoshi and then check […]
Roofstock OnChain Sells Third Property as an NFT
Roofstock onChain and Origin Story announced their latest celebration as they executed their third blockchain-infused property sale on September 1st through the Roofstock onChain NFT marketplace, powered by Origin Story. The property, located at 332 Montclaire Ln in West Columbia, South Carolina, features three bedrooms and two bathrooms, and it was sold for 204,000 USDC ($204,000 USD). Roofstock onChain, a subsidiary of Roofstock, Inc., offers tokenized single-family rentals. Developed by Origin Story, the Roofstock onChain marketplace enables the trading of real estate as NFTs, to speed up the overall transaction process, while keeping costs relatively low. Unique to this sale […]
Visa Taps Solana to Enhance Cross-Border Payments
Visa announced its next steps in modernizing cross-border money movement on September 5 by extending its stablecoin settlement capabilities to the Solana blockchain. In doing this, Visa is working directly with merchant acquirers Worldpay and Nuvei to enhance the efficiency and speed of settlement processes for merchants worldwide to help optimize the often unseen process of transferring funds between banks – specifically, from the issuer’s bank to the acquirer’s bank. As a world leader in digital payments, Visa facilitates transactions across more than 200 countries and territories – spanning consumers, merchants, financial institutions, and government entities. By leveraging Visa’s own […]
The Top 10 Best-Selling NFT Artists Right Now
If you’ve been in the Web3 art space for any amount of time, chances are you’ve heard about a majority of the artists on this list. Whether you have or not, the movements of the Web3 market are in constant flux, so we thought we would show you where everyone’s at currently, refresh you on their background, and give you a glimpse into what they’re currently working on. It’s worth noting that the financial data, represented as “Current Artwork Value,” is based on the current USD values of ETH, XTZ, and RARE and does not reflect the total amount of […]
U.S. Court Dismisses Uniswap Lawsuit, Calls ETH & Bitcoin Commodities
The perplexing debate as to whether or not a digital asset is considered to be a “security” or a “commodity” continues to frustrate U.S. regulators and industry participants, as we aren’t getting much closer to understanding what criteria truly distinguish them. But now, things just got interesting with respect to the role developers and smart contracts play in a securities class-action lawsuit. In a “case of first impression,” New York District Judge Katherine P. Failla addressed whether the developers and investors in the Uniswap Protocol crypto exchange platform were subject to various provisions of our current federal securities laws. The […]
Grayscale Wins SEC Lawsuit, Court Cites ‘Lack of Coherent Explanation’
Grayscale Bitcoin Trust (GBTC), a prominent crypto asset manager, achieved a significant legal victory on August 29 against the United States Securities and Exchange Commission (SEC) in its long-winded pursuit of transforming its over-the-counter GBTC application into a listed Bitcoin ETF. Recent court documents from August 29 revealed that the U.S. Court of Appeals Circuit Judge Neomi Rao has granted Grayscale’s request for review and ordered the SEC’s denial of the GBTC listing application to be nullified. Judge Rao had previously criticized the SEC for lacking an explanation for its stance against Grayscale – something that continues to plague investors […]
$PEPE Multisig Mysteriously Transfers Out 16 Trillion Tokens, Investors Concerned
Investors of the popular meme coin, $PEPE, were (understandably) alarmed on Thursday after millions of dollars worth of $PEPE were suddenly transferred to crypto exchanges, including Binance, OKX, and Bybit. Interestingly, this incident marked the first instance in which the project’s essential multi-sig wallet participated in sending out PEPE tokens. Thursday’s sudden surge of over 16 trillion $PEPE tokens naturally created apprehension among investors, also causing a subsequent drop in its trading price. This strangely followed what appears to be an even more alarming phenomenon – changing the number of required crypto wallets required to “sign off” on a transaction […]
Tornado Cash Founders Charged with Laundering More than $1 Billion
Hours after the DOJ announced that OpenSea’s former product manager Nathan Chastain would be sentenced to three months in prison, it just announced another major indictment — this time, against the crypto mixing service, Tornado Cash. And for its two founders, ominous clouds loom, signaling an impending storm. On Wednesday, Roman Storm, 34, and Roman Semenov, 35, the founders of the Russian cryptocurrency mixer platform Tornado Cash, were charged with laundering over $1 billion through its platform, according to a newly unsealed indictment. Tornado Cash has an unfortunate history of serving as the instrument and tool to helping scramble the location […]