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  • Sep 05, 2024

SEC Is Coming After OpenSea—These Are the NFTs That Could Be in Trouble

When NFT marketplace OpenSea announced last week that it anticipates a lawsuit from the U.S. Securities and Exchange Commission (SEC), bells of panic rang far and wide through the cryptosphere. The U.S. government was opening up a major new front in its war on crypto: It was finally coming for the heart of the NFT market.  But what does the development actually mean? Is every major NFT project now about to be labeled an illegal, unregistered security as some fear? Or might only particularly cash...

  • Sep 05, 2024

CZ Banned From 'Any Present or Future Involvement' In Managing Binance

Former Binance CEO Changpeng Zhao has a lifetime ban from “managing or operating” the centralized crypto exchange, according to current CEO Richard Teng. Teng revealed that Zhao would be barred from managing the platform for life in an interview with Axios, which revealed that it was a "key condition" of the plea agreement between Binance and U.S. authorities. This comes after reports initially suggested Zhao would only be banned for a number of years. “Under the terms of the agreement, CZ is p...

  • Sep 05, 2024

TON Foundation Pumps $24 Million into Fueling DeFi on Telegram-Linked Network

The organization that supports The Open Network, Telegram’s blockchain of choice, announced on Friday that it has contributed another $24 million worth of Toncoin (TON) to its DeFi incentive program, bringing the program’s total value to over $75 million to date. The TON Foundation originally created the program in April to encourage users to engage with decentralized finance (DeFi) applications on TON—a network that has become prominently known for popular crypto-backed games on Telegram and co...

  • Sep 05, 2024

Bitcoin Price Flirts With $55,000 As ETFs See Seventh Day of Outflows

Bitcoin tumbled to lows of just over $55,000 Friday morning, with experts warning of a potential further decline to $50,000, as Bitcoin ETFs hit a seven-day streak of outflows. The price of Bitcoin slipped to lows of $55,363, before recovering to trade at its current price of $56,125, down 1% on the day, per data from CoinGecko—reflecting broader market jitters and diminishing risk appetite among investors. Market analysts pointed to a confluence of factors, including sustained ETF outflows, br...

  • Sep 05, 2024

Telegram Sparks Concern Over FAQ Changes Even as Key Language on Private Chats Remains

Late Thursday, users discovered social messaging platform Telegram had quietly removed part of a section from its FAQ relating to the moderation of private group chats. Though one key part surrounding the contentious language remains elsewhere, Decrypt has learned. A section of Telegram’s FAQ had previously stated, “All Telegram chats and group chats are private amongst their participants,” underneath a question relating to removing illegal content on the messaging app. That line has since been...

  • Sep 05, 2024

Christensen Balances New Sky Governance With User Choice Amid Freeze Function Debate

Sky, the DeFi protocol formerly known as MakerDAO, is under pressure from its community after co-founder Rune Christensen confirmed last month the protocol’s upcoming USDS stablecoin could feature a freeze function sometime in the future.  Although the function will not be enabled at launch on Sept. 18, the idea of including the mechanism has sparked concern about the centralization of Sky’s ecosystem. Christensen, addressing recent concerns in an interview with Decrypt during Korea’s Blockchain...

  • Sep 05, 2024

Feds Charge AI Music Maker for Faking Streams In $10 Million Scheme

A musician from Cornelius, North Carolina has been charged with wire fraud conspiracy, wire fraud, and money laundering conspiracy in connection with a years-long scheme to manipulate music streaming platforms and pocket over $10 million in royalties with AI-generated songs. From 2017 to 2024, Michael Smith, 52, allegedly used AI to generate songs and automated bots to inflate listener numbers across music streaming platforms. While the services used were not disclosed, major players like Spotif...

  • Sep 05, 2024

Four Altcoins Poised to Change Lives in This Crypto Cycle

Discover the four altcoins poised to disrupt the crypto market in this cycle, all leveraging the powerful Solana blockchain. With major investments from key players like Panta Capital and a16z, these projects—Helium, Hive Mapper, Wormhole, and Jupiter—could offer life-changing returns. Explore how these tokens are set to capitalize on the growing Solana ecosystem and what this could mean for your investment strategy.

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