One day after charging Binance with 13 counts of securities laws violations, the U.S. Securities and Exchange Commission (SEC) has set its sights on Coinbase.
On Tuesday, June 6, the SEC announced that it was suing Coinbase for allegedly operating as an unregistered broker of securities, an unregistered exchange, and an unregistered clearing agency. Further, the SEC claims that Coinbase’s staking program violates the...
Bitcoin Ordinals have taken over Web3 — at least, that’s how it seems. The space has been buzzing since software engineer Casey Rodarmor launched the protocol on January 21, with some excited about the new upgrade and others swearing Ordinals off entirely. There are currently more than 10 million Ordinals minted at the time of writing.
Even though that number seems large, there are still many people who don’t yet kn...
Two years after its first NFT foray, Luxury fashion house Louis Vuitton is again turning heads in the world of Web3. On June 6, the brand announced a collection of ‘phygital’ Treasure Trunk NFTs that will give owners access to exclusive future products, experiences, and a community of fellow holders.
Priced at €39,000 (over $41,000) a piece, the production of these unique tokens — and their physical twin counterpart...
As the fashion industry continues to embrace the “phygital” evolution, French luxury house Louis Vuitton announced the launch of the VIA Treasure Trunk, the virtual representation of its iconic travel trunk.The digital world can match how exclusive ownership feels in the real world with blockchain technology. By providing an immutable, transparent and public infrastructure to prove ownership, blockchain made owning a piece of unique digital...
The Securities and Exchange Commission (SEC) has intensified its regulatory scrutiny on Web3 gaming, classifying three gaming and metaverse tokens as securities on June 5. Axie Infinity (AXS), The Sandbox Game (SAND), and Decentraland (MANA) were among the tokens included in SEC’s comprehensive lawsuit against Binance, the world’s largest cryptocurrency exchange.
The lawsuit accuses Binance of mismanagement of custo...
A recent study conducted by researchers at the Blockchain Research Lab in Hamburg, Germany indicates that OpenAI’s launch of ChatGPT represented a rising tide scenario for cryptocurrency assets related to artificial intelligence (AI). Launched in November of 2022, ChatGPT quickly became one of the fastest-growing web platforms in history, eclipsing 1 million daily users in just five days and reaching the 100 million monthly users mark by Ja...
In 2021, a new creator economy was born on the blockchain. Since NFTs took center stage, artists have achieved NFT superstardom, billion-dollar brands have been forged in just a few months, and lives have been utterly transformed time and again. Yet, the most inspiring thing about the NFT space is the number of artists of all creeds and mediums who have found community and support by embracing this technology.
In kee...
The Alpha:
Today, at the Worldwide Developers Conference 2023, Apple revealed its long-awaited mixed-reality headset, the Apple Vision Pro. Representing the first brand-new product category from the company since 2014’s launch of the Apple Watch, the high-end augmented and virtual reality headset could have a major impact on the future of the metaverse.
The device’s main uses will include gaming, communication, v...
Let’s face it: The NFT space moves really fast. Considering how quickly things can change in the metaverse, a week in NFTs might as well be a month IRL.
Don’t get us wrong — the more people onboarded into the space, the merrier. But because of the constant influx of great art and ideas, it’s becoming increasingly difficult to keep up with all the news, launches, and general happenings.
Well, you can put the days o...
Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio.The insurer’s per-policy coverage limits on custodial crypto assets will increase to $420 million, “nearly tripling the amount of risk transfer previously available to blockchain focused projects," according to an announcement. It’s also adding coverage for mining operatio...
