Dookey Dash, the skill-based game launched by BAYC creator Yuga Labs last month, is plagued with rampant cheating. Players are paying thousands to boosters to pump their scores on the leaderboard.
Summary: The blockchain-powered sports fan token launched its own layer 1 decentralized network on Tuesday. Chiliz’s L1 chain is compatible with the Ethereum Virtual Machine program, allowing developers to broadcast smart contract codes on Ethereum’s blockchain. The protocol’s token CHZ pumped as high as 20% on the news. Blockchain sports...
Ishan Wahi, the former Coinbase product manager, has pleaded guilty to two counts of conspiracy to commit wire fraud in the first crypto insider trading case.
Final briefs in Grayscale vs The SEC were filed last week as the $10 billion asset manager seeks to convert its discounted GBTC shares into a Bitcoin ETF.
AI-related crypto tokens including Fetch.ai and SingularityNET have gained more than 23% overnight. The rising popularity of ChatGPT has boosted the AI narrative among crypto traders.
Summary: DCG has started selling assets held by Grayscale, the Financial Times reported. Recent SEC filings show that most of its holdings sales have come from the company’s Ethereum fund. The group hopes to raise cash to meet more than $3 billion in creditor claims from Gemini and other entities....
The Digital Currency Group (DCG) and its distressed subsidiary Genesis have reached an agreement in principle on a restructuring plan with the firm's main creditors.
Binance will suspend USD bank transfers starting 8 February, 2023. The suspension is expected to last for 2 weeks while the exchange secures a new banking partner.
Summary: The move was suggested by U.S. Trustee Andrew Vara and supported by a host of regulators at the State level. FTX bankruptcy CEO John Ray III and the Official Committee of Unsecured Creditors opposed the move, instead siding with an internal probe. The proposal from Vara and regulators is...
Summary: The South Korean watchdog updated what assets are considered securities and clarified the regulations governing such tokens. Regulators said the Capital Markets Act would oversee certain types of cryptos as part of a broader effort to standardize the digital asset ecosystem. Reports say tokens that give dividends or a...
