SEC vs. Ripple litigation is likely to cause delays
In December 2020, the Securities and Exchange Commission (SEC) and the fintech company, Ripple, launched a long-running dispute.
As a result, the lawsuit has been plagued by accusations…
Is Microstrategy Selling Off Its Bitcoin Stash in the Shadows?
Over the last two years, the tale of MicroStrategy CEO Michael Saylor's aggressive Bitcoin purchases has continued to make headlines. One claim, though, is that Mr Saylor is secretly…
Smart contract error freezes $34 million of ETH for NFT project
An NFT project named AkuDreams was struck by a griefing exploit via its refundable Dutch auction Friday in which the hacker did not benefit, but the project's smart contract was afterwards…
Polygon Sets Aside $100 Million For Blockchain Supernet Expansion
Polygon has proposed a $100 million budget for a new blockchain network devoted to Web3 development.
The network, nicknamed Supernets – application-specific blockchains with greater…
US Treasury sanctions 3 Ethereum addresses related to North Korea
In an apparent attempt to prevent North Korea from avoiding the United States and UN sanctions, the government department placed the addresses on a list.
Sanctions on three Ethereum…
Within hours after its introduction, the NBA playoffs NFT contract was hacked
The NBA's much anticipated 2022 NFT release was delayed by smart contract hackers, who stole 100 digital photos worth approximately $68,000 only hours after it was introduced.
…
Polygon Launches Supernets to Promote Web3 and Polygon
"Supernets" is the scalable blockchain architecture Polygon is releasing in an effort to bring Web3 and Polygon into the mainstream, days after teasing the release.
The Ethereum mainnet…
Tennessee is preparing to store crypto as it seeks a vendor for digital assets
As cryptocurrencies gain acceptance as a viable alternative to established payment methods, governments worldwide are exploring ways to bring the innovative asset class under their control…
US has imposed new restrictions on Russian firms, including BitRiver
In light of the new restrictions, BitRiver's data centre in Siberia may not be able to operate at full capacity.
According to a Reuters story, the United States has imposed fresh…
The Bank of England claims that crypto has left them with a $419 million deficit
For this year's monitoring obligations, the Bank of England's regulatory arm believes it will require more funds.
PRA wants to raise 321 million pounds ($419 million) by February 2023, a…
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