Vaibhavv Ali
For Yuga Labs’ Otherside metaverse, the high-end clothing brand Gucci created a limited-edition pendant that will be available in both physical and nonfungible token (NFT) versions. The “KodaPendant,” a piece of silver jewellery by Gucci, will be released on April 6 for owners of the Koda or Vessel NFTs, which serve as either animals or … Read more
Following a lawsuit from the US commodities regulator and its decision to stop some zero-fee trading, Binance’s dominance in terms of trading volume market share has decreased over the last two weeks. Blockchain analytics platform Kaiko stated in a newsletter dated April 4 that Binance “lost 16% market share of trade volume,” bringing its market … Read more
Dubai’s Majid Al Futtaim will open a virtual mall with Carrefour, Vox and Samsung spaces Majid Al Futtaim of Dubai has said that the Mall of the Metaverse will open.The declaration was made in Dubai during the Global Government Summit.The retail behemoth in the Decentraland universe will have its home in the mall of the … Read more
According to on-chain statistics, the hacker responsible for the $196 million Euler Finance lending protocol attack has returned the majority of the stolen assets. On March 25, the exploiter returned 51,000 Ether, which at the time of this writing was worth approximately $88 million. On the same day, a second transfer of 7,737 ETH, valued … Read more
On March 22, the United States Securities and Exchange Commission announced charges against billionaire and Chinese blockchain entrepreneur Sun Yuchen, also known as Justin Sun, and three of his wholly-owned companies: Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc., a business that was formerly known as BitTorrent. The complaint claims that Sun and his … Read more
Do Kwon, the CEO of Terraform Labs, has purportedly been detained in Montenegro, but only hours later, US authorities in New York have charged him with fraud. The 31-year-old businessman has been accused with eight different crimes, including commodities fraud, securities fraud, wire fraud, and conspiracy to commit fraud and market manipulation, according to a … Read more
The US Securities and Exchange Commission sent a Formal notice suggesting enforcement action, according to cryptocurrency exchange Coinbase. In a blog post on March 22, Coinbase stated that the “legal threat” might be directed against the exchange’s Coinbase Earn staking programme, listed digital assets, its wallet, or Coinbase Prime services. The SEC may take enforcement … Read more
Magic Eden, a nonfungible token marketplace, has introduced its own “fully audited” marketplace for Bitcoin Ordinals in an effort to capitalise on the growing interest in “Bitcoin NFTs.” A comparable user experience to that provided by Magic Eden for Polygon, Ethereum, and Solana-based NFTs is provided by the recently created marketplace, which enables Bitcoin NFT … Read more
In a class-action lawsuit against “BitBoy Crypto” YouTuber Ben Armstrong and other crypto influencers for allegedly endorsing the cryptocurrency exchange FTX, Armstrong’s attorneys asserted that they have received several threats from Armstrong. After the lawsuit was filed on March 15, according to a March 20 court filing by the class action’s attorneys in a Florida … Read more
As South Korea’s “Kimchi premium” has changed back to a discount, it is now less expensive to purchase cryptocurrencies like Bitcoin on local exchanges. Kimchi, a traditional Korean food, inspired the phenomenon’s name. The term “Kimchi premium” describes situations in which the price of Bitcoin is greater on South Korean exchanges than it is in … Read more