Author: admin

The federal judge presiding over the case for former FTX CEO Sam “SBF” Bankman-Fried has ordered a superseding indictment unsealed containing 12 criminal counts.In the indictment filed with the United States District Court for the Southern District of New York on Feb. 22, U.S. Attorney Damian Williams alleges Bankman-Fried’s actions in the matter involving FTX and Alameda warranted 12 charges. According to the indictment, these included eight conspiracy charges related to fraud as well as four charges for wire fraud and securities fraud.The original indictment against Bankman-Fried, announced on Dec. 13, included eight similar charges, while the superseding indictment mentions an…

NFT Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled over the last seven days. Ethereum Digital Collectibles and Mutant Ape Yacht Club Lead NFT Sales Surge While crypto asset prices took a step back on Friday, the last seven days have shown a significant rise in NFT sales compared to the previous week. Bitcoin.com News reported last week that NFT sales had surged 43%, but in the past seven days, sales have increased…

The United States Securities and Exchange Commission (SEC) has objected to Binance.US’ move to acquire over $1 billion of assets belonging to the defunct cryptocurrency lending firm Voyager Digital.According to a Feb. 22 filing submitted to the U.S. Bankruptcy Court for the Southern District of New York, the SEC believes that some aspects of the asset restructuring plan of Binance.US’ acquisition could breach securities law.The SEC is formally investigating whether Binance.US and related debtors violated anti-fraud, registration and other provisions of the federal securities laws. The SEC noted particular concern around the security of assets through the planned acquisition.The SEC…

NFT CryptoSlam has detected at least US$577 million worth of wash traded non-fungible tokens (NFT) related to the up-and-coming marketplace, Blur.io, since the platform started airdropping its native tokens to users on Valentine’s Day, Feb. 14. According to Scott Hawkins, a data engineer at NFT data tracker CryptoSlam, the detected wash trades displayed suspicious behaviors, such as NFT resales within a short period at prices close to the assets’ initial transactions. The behavior suggests that some Blur users have been selling NFTs to themselves using different wallets to acquire Blur tokens (BLUR) and accrue points for airdrops. “There is no…

NFT A group of NFT enthusiasts are trying to buy the winning key from Yuga Labs’ endless runner game Dookey Dash and have placed an eye-watering $1.1 million bid on the asset. Yuga Labs is the $4 billion company behind the Bored Ape Yacht Club and also owns the Crypto Punks NFT collection. UpDAO is the collective behind the winning key bid, which has not yet been accepted by the current owner, 18-year-old Fortnite streamer Kyle “Mongraal” Jackson. Mongraal has listed his key NFT for 2,222 ETH, which is about $3.5 million. UpDAO is connected to Pixel Vault’s Inhabitants Universe,…

Blockchain ‘Recycle to Earn’ was the motto presented by Eric Vogel earlier this month while pitching his startup at the European Blockchain Convention, decades after he started recycling plastics and cans from his grandmother’s house to earn extra money for a Game Boy. Vogel’s love for video games and increasing interest in the impact of recycling in the world are behind his inspiration for Circularr, a London-based company seeking to connect recyclers, manufacturers, and brands throughout a decentralized recycling ecosystem. Proper recycling is a growing challenge.According to the Plastic Waste Makers Index, recycling across the world is not expanding fast…

Kim Kardashian, Floyd Mayweather and other celebrities are looking to convince a judge to dismiss another revised attempt to hold them liable for allegedly promoting EthereumMax (EMAX) without proper disclosure. The celebrities asked a California federal judge to dismiss a second amended complaint from EthereumMax investors filed in December 2022. According to the defendants, the renewed allegations push the “same basic theory” forward that the court had previously dismissed. Looks like Floyd is rockin with the $eMax waveeee #EMAX #Ethereummax #Ethereum pic.twitter.com/TB9wNLwCcb— Breezy Gambinø (@BreezyGambino1) June 4, 2021 The investors’ class-action lawsuit runs on the premise that the EthereumMax team worked with…

NFT According to Anndy Lian, President of NFT Factory, NFTs have the potential to be a “Trojan horse” for crypto adoption, offering a tangible and unique asset that can bridge the gap between traditional collectibles and the world of blockchain. Non-Fungible Tokens (NFTs) have emerged as one of the most popular use cases for blockchain technology in recent years. NFTs represent unique digital assets that can be traded and owned in a decentralized way, thanks to the security and transparency provided by blockchain technology. While NFTs have gained popularity in the art world, they also have the potential to drive…

NFT We can have a lot of NFTs and they can still be worth a lot of money. At least, that’s what the founder of ArtBlocks hopes. The creator of the popular NFT collection Chromie Squiggles, Erick Calderon, is looking to a future where NFTs are valuable without scarcity, and products can be tailor-made for consumers. “We as humans have a tendency to lean towards individuality,” he said speaking at the NFT Paris conference on Friday. Despite this, he posed the question: What will it take for NFTs to be valuable without the promise of scarcity? The crypto winter caused…

NFT Steez hosts Alyssa Expósito and Ray Salmond chatted with Victor Solomon to discuss his journey in bridging his in-real-life artwork with NFTs and how he cultivates the community and culture that surrounds his art. Solomon’s work centers around basketball — not just the object, but the sport itself. For Solomon, the inspiration for his work comes from wanting to play hockey in his early childhood. At the time, this was a sport that was not accessible for him, but it led to his eventual discovery of basketball, which he found to be more accommodating. Solomon said: “Basketball was such an inspirational…