Day: September 13, 2023

Cosmos Hub Unveils Liquid Staking Module, Accelerating DeFi Integration and Easing Unbonding Periods

Cosmos Hub, a key blockchain within the larger Cosmos Network, has rolled out a significant upgrade introducing a liquid staking module. This comes as a game-changer for ATOM holders, allowing immediate unbonding of assets without the previous 21-day waiting period. What are ATOMs and How Were They Previously Treated? ATOM is the native token of […]

SEC Labels Stoner Cats NFTs as Unregistered Securities, Imposes Fines.

  The Securities and Exchange Commission (SEC) has taken action against the creators of Stoner Cats, an animated web series featuring Hollywood stars Mila Kunis and Ashton Kutcher. According to an SEC order, the non-fungible tokens (NFTs) tied to the series were illegally offered as they were considered “unregistered securities.” The company behind the animated […]

FTX Gets Green Light to Liquidate and Hedge Crypto Assets

  In a groundbreaking decision that could set a precedent for crypto exchanges facing financial difficulties, Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware has given FTX the go-ahead to liquidate, stake, and hedge its cryptocurrency holdings. The ruling comes as a pivotal juncture for the beleaguered exchange, which sought […]

Ripple Acquires Trust to Amplify Financial Infrastructure: A Strategic Move that Could Boost XRP Demand

In a significant move to diversify its cross-border payment platform, San Francisco-based Ripple announced its acquisition of Fortress Trust, a specialist in financial infrastructure, licensing, and compliance. The acquisition, which builds on a pre-existing investment relationship, positions Ripple to broaden its regulatory reach and financial service offerings. With over 30 money transmitter licenses, a NY […]

Panerai Watches with NFT Proof of Ownership

Panerai’s Digital Passport: A Leap Forward in Authenticating Luxury Watches Through NFTs Italian luxury watchmaker Panerai is taking a decisive step to disrupt the traditional luxury watch industry by introducing a digital passport for every watch sold, starting October 3. The digital passport leverages Non-Fungible Token (NFT) technology to offer a record of authenticity, detailed […]

Pixels NFT Crosses Axies Ronin Bridge

The popular social browser game Pixels is making a pivotal transition from the Polygon blockchain to the Ronin platform, a move anticipated to catapult the game into new realms of potential. Created by Sky Mavis, the developers behind the behemoth success that is Axie Infinity, the Ronin platform offers an environment geared toward enriching the […]

Binance.US Undergoes Leadership Reshuffle Amid Regulatory Hurdles: Brian Shroder Departs, Norman Reed Steps In

  In a seismic shift for the cryptocurrency exchange industry, Brian Shroder, the CEO of Binance’s U.S. operations, has exited his role, making way for Norman Reed, the company’s Chief Legal Officer, to serve as an interim leader. The leadership reconfiguration follows a dramatic downsizing that saw Binance US cut nearly a third of its […]