Day: August 23, 2024

The Dark Side of Solana Meme Coins

The realm of meme coins on the Solana blockchain has taken a turn into the bizarre and troubling, with the story of Trevv. A 19-year-old from California, highlighting the extreme measures some are willing to go to for internet fame and cryptocurrency gains. Trevv’s Viral Descent Trevv, without any prior experience in cryptocurrency, was thrust […]

What’s Next in the SEC HEX Lawsuit?

The ongoing legal battle between Richard Heart, the founder of HEX, and the United States Securities and Exchange Commission (SEC) intensifies. As the SEC responds to Heart’s recent motion to dismiss the case. The SEC’s Counterargument The SEC has challenged Richard Heart’s claim that he is not subject to U.S. jurisdiction. Stating that Heart actively […]

Sony Unveils Soneium Blockchain

Sony Group has unveiled its new Ethereum layer-2 blockchain, Soneium, developed in collaboration with Web3 infrastructure provider Startale. This venture represents Sony’s ambitious foray into blockchain technology, designed to enhance Web3 accessibility and functionality. Partnership and Technology Integration Soneium is the product of a joint venture called Sony Block Solutions Labs, which aims to create […]

India’s Crypto Regulation: What’s Next?

India is taking significant strides toward establishing clearer regulations for cryptocurrencies, with a new consultation paper in the works that aims to address pressing concerns within the asset class. Developing the Consultation Paper According to a recent report by CNBCTV18, the Secretary of the Department of Economic Affairs is leading a panel poised to release […]

Kraken Faces Legal Setback in Australia

Australia’s corporate watchdog, ASIC, has secured a victory in its legal battle against Bit Trade Pty Ltd. The operator of Kraken’s crypto exchange in Australia. The Federal Court’s decision underscores the increasing scrutiny on cryptocurrency platforms regarding regulatory compliance. Legal Proceedings and Findings On a late Thursday, the Federal Court found that Bit Trade had […]