The ongoing legal battle between the NFL Players Association and DraftKings (NASDAQ:DKNG) has brought to light significant issues surrounding the classification of non-fungible tokens as securities. This dispute, unfolding in the Southern District of New York, centers around a licensing agreement and the potential financial repercussions for both parties. As the case progresses, it underscores…
The market capitalization for artificial intelligence and big data cryptocurrency projects has experienced a significant surge, climbing by an impressive 79.7% over the past three weeks. This surge reflects growing confidence among crypto investors, particularly as the broader AI narrative gains momentum in 2024. The AI crypto market is now a focal point for investors,…
Maker Protocol, a pioneer in the decentralized finance space, has officially rebranded itself as Sky, marking a significant shift in its strategy and offerings. This Sky DeFi rebranding includes the introduction of a new suite of upgrades aimed at making DeFi more accessible and user-friendly. Among the most notable changes is the rebranding of Maker’s…
As U.S. technology companies race to expand their artificial intelligence and cloud computing data centers, they are increasingly targeting energy assets held by bitcoin miners. This AI data center expansion is driving a surge in U.S. power demand, the fastest since the turn of the millennium, which has led to fierce competition for electricity resources.…
OpenSea, the self-proclaimed “world’s largest” nonfungible token marketplace, is currently under scrutiny by the U.S. Securities and Exchange Commission. On Wednesday, the company disclosed that it received a Wells notice from the SEC, signaling that the regulator may soon file a lawsuit against OpenSea. The notice suggests that the SEC considers NFTs traded on OpenSea’s…
After a prolonged period of decline throughout 2024, the non-fungible token market is showing signs of a recovery. Recent data from CryptoSlam indicates that weekly sales volumes on some of the leading blockchains for digital collectibles have finally turned positive, suggesting a potential resurgence in the NFT market. This article delves into the details of…
Nasdaq, one of the world’s leading exchange operators, is seeking approval from the U.S. Securities and Exchange Commission to launch and trade options on a bitcoin index. This move is seen as a significant step toward the further integration of cryptocurrencies into mainstream financial markets. The proposed Bitcoin Index Options would provide institutional investors and…
MakerDAO, one of the most prominent and long-standing players in the decentralized finance space, is undergoing a significant transformation. The $7 billion crypto lender announced on Tuesday that it has rebranded to “Sky” as part of a broader overhaul that includes the introduction of new stablecoin and governance tokens. This strategic shift, known as the…
Xapo Bank, in collaboration with Hilbert Capital, the asset management arm of Swedish investment firm Hilbert Group, is set to launch a Bitcoin-denominated hedge fund with an initial capital of $200 million. This strategic move, announced on Tuesday, reflects the growing institutional interest in cryptocurrency, particularly in structured investment products that go beyond mere exposure…
Settlement Details Crypto lending platform Abra, officially known as Plutus Lending LLC, has settled with the U.S. Securities and Exchange Commission (SEC) following charges related to the sale of unregistered securities and operating as an unregistered investment company. The settlement includes civil penalties, the amount of which is yet to be determined by the court.…