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Kristi Noem, the governor of South Dakota, has used her authority to veto legislation aimed at changing the definition of money to exclude cryptocurrencies.In a March 9 notice to South Dakota House Speaker Hugh Bartels, Noem said she had vetoed House Bill 1193, which proposed amending the state’s Uniform Commercial Code, or UCC, to specifically exclude cryptocurrencies and other digital assets — with the possible exception of central bank digital currencies, or CBDCs. According to the governor, the passage of the bill would put South Dakota residents “at a business disadvantage” and potentially allow for “future overreach” from the federal…

NFT Worlds releases the very first step of their game reboot with the Armory, a combination wardrobe, shop, and gameplay preview. It’s been a long eight months since NFT Worlds was forced to shutdown so it’s nice to see some life from this Minecraft-themed collection of virtual worlds. NFT Worlds has been in rebuild mode ever since Minecraft announced that they specifically forbid any blockchain or NFT integration with their game. In response, the NFT Worlds decided to build their own Minecraft-style game, and along the way, integrate it natively with blockchain tech and build additional tools and services to…

Four United States Republican senators led by Bill Hagerty have written a letter to the heads of federal banking regulatory agencies, questioning the ideological motivation behind recent regulatory moves in regard to cryptocurrency. They compared the regulators’ policies to the Obama administration’s Operation Choke Point.The senators addressed Federal Reserve Board Chair Jerome Powell, Federal Deposit Insurance Corporation (FDIC) Chair Marty Gruenberg and Office of the Comptroller of the Currency (OCC) Acting Comptroller Michael Hsu. The March 9 letter said that their agencies, along with the White House, have issued statements on heightened supervision that have resulted in unfortunate consequences for…

Chronos continues to build on their multi-player, side-scrolling, action game by adding a new crafting system. Players can now trade rare resources found in-game with the Shady Merchant and craft NFT items! Since their open beta release earlier this year, Chronos has continued to build and expand on their game, adding new game modes, new maps, a mail system, tournaments, new biomes, and more! And their latest release brings the opportunity for players to craft game NFTs! To craft, players must visit the Shady Merchant in town. There, players can exchange resources they find in-game for various items. The Shady…

A federal judge in Florida, United States, is considering dismissing former NBA superstar Shaquille O’Neal and tennis athlete Naomi Osaka from the FTX lawsuit, pointing out that it’s unclear whether the two had been served. In a paperless order, U.S. District Judge Kevin Moore instructed the plaintiffs to provide cause on why O’Neal and Osaka shouldn’t be dismissed from the suit. According to Moore, whether the two sports stars have been served is unclear. The judge gave the FTX customers until December to show cause.The order was one of the several the judge issued on March 9. In another order, Moore reprimanded…

In what can only be described as an epic lesson in stubborn-mindedness, ‘DAO Maker‘ founder, Christoph Zaknun, has put Youtuber, Logan Paul, to shame by building out his abandoned ‘Crypto Zoo’ project in just 30 days. The result, Degen Zoo, sees Christoph take all of the core ideas from the original project, and build them into a fully functioning NFT-based game.Way back in August 2021, Logan Paul announced Crypto Zoo, a project that would allow investors to hatch eggs into animals that can then be staked to earn passive income. Despite raising over $3 million however, the game never materialized,…

Thailand’s Securities and Exchange Commission (SEC) is preparing to hold a new public hearing on a potential ban on staking and lending services in the country.Thailand’s SEC officially announced on March 8 that the authority is seeking public comments on a draft regulation prohibiting virtual asset service providers (VASPs) from providing or getting involved in any type of crypto staking and lending transactions.According to the SEC’s policy, VASPs should not be allowed to deploy users’ deposits and provide lending services to prevent possible damage to investors in the case of services’ termination. Additionally, the draft regulation is expected further to…

A crypto startup backed by the American rapper Jayceon Terrell Taylor, better known as “The Game,” had its registration revoked by the United States Securities and Exchange Commission (SEC) for violating securities laws after failing to file periodic reports.ParagonCoin Limited, a crypto firm focusing on the marijuana industry, had its license revoked by the SEC after confirming its allegations against the company and finding that the firm is in default. The SEC started the proceedings against the firm in February 2022 and pointed out that its last filing was from March 2019, which states that it lost over $10 million…

Starbucks, the Seattle-based coffee giant, has entered the NFT market with the release of its first paid collection of non-fungible tokens. The NFTs, called “Journey Stamps,” were priced at $100 each and sold out in under 20 minutes.The release is part of Starbucks Odyssey, a new membership program that promises to deliver immersive coffee experiences and exclusive perks to members.Starbucks Moving into Web3 with a BangThose who purchased the Starbucks NFTs can use them to level up their tier in the program and gain additional benefits, such as access to virtual classes, merchandise, and even a trip to a Starbucks…

The United States Department of Justice (DOJ) has filed an appeal against the latest decision in the case for the selling of assets between Voyager Digital and Binance.US. On March 8, the U.S. Trustee for Region 2 made the appeal to the U.S. District Court for the Southern District of New York against the approval of Voyager Digital’s Chapter 11 bankruptcy plan.The Chapter 11 plan was confirmed only a day prior, on March 7, by U.S. bankruptcy judge Michael Wiles. This plan would have allowed the former crypto brokerage company to sell billions of dollars in assets to Binance.US in…