Category: News
OpenSea Faces Class Action Suit Over NFT Sales
Two OpenSea users have filed a class-action lawsuit against the NFT marketplace, accusing it of selling unregistered securities. The lawsuit, filed by Itai Bronshtein and…
Microsoft Expands AI Presence with Two Centers in Abu Dhabi
Microsoft is enhancing its artificial intelligence efforts by establishing two centers in Abu Dhabi. This move is part of its ongoing global expansion to boost…
BitGo Launches Crypto Token Management Services
Prominent crypto custody firm BitGo has unveiled its token management services for digital asset platforms. In addition, established protocols, such as Sui, LayerZero, Worldcoin, and…
OpenAI to Launch Its Reasoning AI Model in a Few Weeks
OpenAI to Introduce ‘Strawberry’ Reasoning AI Model OpenAI is preparing to launch its new AI model, codenamed “Strawberry,” within the next few weeks. This new…
Sony Bank Taps Soneium Blockchain to Launch Yen-Backed Stablecoin
Debuting the Yen-Backed Stablecoin Sony Bank and Soneium have teamed up to develop Japan’s first Yen-backed stablecoin to offer low transaction costs without sacrificing transaction…
Ethereum Eyes Price Breakout After 5 Months of Downtrend
The crypto market’s leading altcoin, Ethereum, is poised for a price breakout after months of market slump and improved macroeconomic conditions. Currently, the asset is…
Ripple Co-Founder Chris Larsen Backs Kamala Harris for President
Ripple Executive Endorses Kamala Harris Chris Larsen, Ripple’s executive chairman and co-founder, is one of the high-profile corporate leaders endorsing Kamala Harris for the 2024…
SEC Commissioner Propose S-1 Form for Crypto Securities to Boost Regulation
Mark Uyeda, a commissioner in the US Securities and Exchange Commission (SEC), recently suggested the creation of S-1 Form cryptocurrency securities for enhanced crypto regulation….
NFT Sales Hit 2024 Low in August: What’s Next?
August 2024 NFT Sales Plunge to $374 Million August 2024 marked a significant downturn for the non-fungible token (NFT) market, with monthly sales plummeting to…
Law Firms Record $751M in Fees from Crypto Bankruptcy Cases
Law firms handling the most high-profile cases, such as the seven Chapter 11 crypto bankruptcies from 2022, charged and received $751 million in legal fees….
