SEC Charges Rivetz with Unregistered Securities Offering
In September 2021, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Rivetz Corp., its subsidiary Rivetz International SEZC, and founder Steven Sprague. The SEC alleged that Rivetz conducted an unregistered securities offering by raising $18 million through an initial coin offering (ICO) of its RvT token in 2017. Allegations of Securities Law […]
Metaplanet Boosts Bitcoin Holdings with $6.6 Million Purchase
Metaplanet, a Japanese investment firm, has expanded its Bitcoin portfolio by acquiring an additional 107.913 BTC for 1 billion yen, approximately $6.6 million USD. The purchase was made at an average price of 9,266,724 yen (around $61,932 USD) per Bitcoin, as announced in a press release on Tuesday. With this latest acquisition, Metaplanet’s total Bitcoin […]
Vitalik Buterin Proposes New Metrics to Align Ethereum
Ethereum co-founder Vitalik Buterin has introduced new metrics to assess what he calls “Ethereum alignment.” In a recent blog post, he emphasizes the importance of ensuring that developers, validators, and users share a unified vision adhering to Ethereum’s core principles. The Need for Unity Buterin believes that alignment is crucial for Ethereum’s success. “Ethereum is […]
Vinyl Group Acquires Serenade to Expand Digital Collectibles
Vinyl Group, Australia’s only listed music company, has acquired London-based Serenade, a platform specializing in digital and physical collectibles. The equity-based deal is valued at up to US$1.6 million and marks Vinyl’s expansion into the UK and European markets. L Expanding Vinyl’s Digital Footprint Vinyl launched its website last year, aiming to replicate the experience […]
Changpeng Zhao Set for Early Release from Prison
Binance co-founder Changpeng Zhao, commonly known in the crypto world as “CZ,” is set to be released from prison on Friday evening, following a four-month sentence. Zhao had pleaded guilty to failing to maintain an effective anti-money laundering (AML) program at Binance, the world’s largest cryptocurrency exchange by trading volume, which he founded in 2017. […]
Llama 3.2: Meta AI That Sees and Understands Everything
Meta has just unveiled Llama 3.2, an upgrade to its state-of-the-art large language model. This new version doesn’t just talk—it sees and understands everything. It’s been a great week for open-source AI, and Llama 3.2 is making headlines for all the right reasons. Meta’s Multimodal Marvel Llama 3.2 comes in four versions, each offering unique […]
Cuban Critiques SEC Leadership
Mark Cuban, the billionaire entrepreneur and owner of the Dallas Mavericks, has been vocal about his dissatisfaction with the U.S. Securities and Exchange Commission (SEC) and its current leadership under Chair Gary Gensler. As a prominent supporter of the crypto industry, Cuban has criticized the SEC’s aggressive enforcement actions against various American crypto firms. Arguing […]
XProtocol Unveils XForge Smartphone
An entertainment-focused Ethereum layer-3 network named XProtocol announced on Wednesday that it’s releasing an Android-powered smartphone optimized for gaming later this year. Dubbed the XForge, this device is being billed as the world’s first “DePIN phone”. Allowing users to earn rewards and participate in airdrops through the network. Priced at $299, the XForge Smartphone boasts […]
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