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Cryptocurrency exchange Kraken is reportedly being probed by the United States Securities and Exchange Commission over whether it breached rules around the offering of securities. According to a Feb. 8 Bloomberg report, the probe relates to certain offerings that Kraken has made to U.S. clients. A person with knowledge of the matter said the probe is at an advanced stage and could reach a settlement in the coming days. However, at this stage, it is not clear which offerings are being scrutinized by the securities regulator. When asked about the alleged probe, an SEC spokesperson told Cointelegraph, “The SEC does not…

The Watch-to-earn model has been popular within the blockchain industry for a while now and for good reason; it essentially rewards people for doing things that they would have done either way. Now, NBA fans can get a piece of the NFT pie thanks to a new deal between Warner Bros. Discovery Sports and Immutable X. The two have launched B/R Watch 2 Earn, a fan rewards program, which made its debut on the  NBA on TNT broadcast. B/R @W2E is now LIVE #onIMX!B/R Watch to Earn the first of its kind online experience that rewards you for tuning into the @NBAonTNT.…

NFT NFT heavyweight Yuga Labs is attempting to cement its place in French art history with the donation of CryptoPunk #110 to one of the country’s leading contemporary art museums. The female punk, who wears purple lipstick, an earring, smokes a cigarette and sports a mohawk will live in the Centre Pompidou’s permanent collection. It is part of the NFT shops Punks Legacy Project. CryptoPunk #110 is the second Punks Legacy Project donation from Yuga Labs. CryptoPunk #305 was donated to the Institute of Contemporary Art, Miami at Art Basel 2022. CryptoPunks are generally considered one of the most valuable…

This month, Reddit makes a comeback in terms of NFTs with its free NFL-themed drop! Basically, any NFL Reddit user will be able to claim a NFT avatar to celebrate this year’s Super Bowl in style. The digital assets will be available via the Reddit app without needing any advanced blockchain knowledge! NFL and Reddit teamed up for a unique, free NFT drop to celebrate the Super Bowl on February 13th! Credit: Reddit Reddit x NFL NFTs: How Can You Get a Free Collectible? Are you ready for Super Bowl LVII? If so, Reddit and NFL are here to help…

Proposed laws in Israel that would see cryptocurrencies classified as securities would cause huge damage to the local crypto industry, according to the chief of an Israeli crypto service provider.Cointelegraph Magazine editor Andrew Fenton spoke with Ilan Sterk, the CEO of Altshuler Shaham Horizon. The Tel Aviv-based firm provides cryptocurrency custody and trading services and is one of the few firms in the country approved to deal with banks.Sterk said the current legal situation for crypto in Israel is “quite complicated.”Altshuler Shaham Horizon CEO Ilan Sterk. Source: FacebookHe explained the current proposal is to have digital assets under the supervision of the…

NFT Shemaroo recently announced its Web3 debut on the Polygon network. The media company joined hands with Polygon Labs to launch Virtasy.io exclusively on the network. The partnership will see Shemaroo launching Bollywood NFTs on the platform. The marketplace is set to list NFTs involving iconic films at the launch. The NFTs will include movie clips, 3D metaverse avatars, and images. After the launch, users will be able to enter the metaverse with beloved Bollywood characters. It will help them enter the cinematic journey and design collections of their moments. The community-centric platform has also been designed to let users…

United States lawmakers with the Senate Banking Committee have announced three witnesses scheduled to appear before a hearing on “crypto crashes” scheduled on Feb. 14.At the time of publication, the U.S. Senate Banking Committee’s hearing titled “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets” had witnesses including Vanderbilt University law professor Yesha Yadav; Duke Financial Economics Center policy director Lee Reiners; and Linda Jeng, a lecturer at Georgetown University Law Center’s Institute for International Economic Law. The hearing will be one of the first in the 118th session of the U.S. Congress exploring the regulation of cryptocurrencies…

The NFT market continued to show signs of recovery after two coveted pieces sold for over $1 million each. The first sale took place on Monday, February 6, when CryptoPunk #5066 sold for 857 ETH, or $1.4 million at the time. The other, Bored Ape Yacht Club #7090, sold for 800 ETH, $1.3 million, the following day.The CryptoPunk belonged to Kevin Rose, co-founder of the Proof Collective, and a notable NFT collector. The buyer remains unknown, however, blockchain data indicates that the NFT was transferred to another wallet labeled bitshamed.eth after the transaction was completed. Rose notes that he had…

Blockchain Despite its ongoing crackdown on crypto, China continues to embrace blockchain technology — up to the point of launching the National Blockchain Technology Innovation Center in the capital city of Beijing. According to the China Daily’s report from Feb. 8, the Center will create a research network with the local universities, think tanks and blockchain businesses to carry out the inquiries into core blockchain technologies. The fruits of this research will be used for further digitalization of China and, as emphasized in the report, its industry in particular. In charge of the new institution is the Beijing Academy of…

NFT Doritos Triangle Studios has joined Decentraland and announced that it would give away attractive prizes during a three-day event. It begins on February 8, 2023, at 9 a.m. ET and ends on February 10, 2023, at 11:59 p.m. ET. The task is simple: Participants must create a customized beat and/or engage in a minigame to win the prize. At Decentraland, you may access Doritos Triangle Studios using a web browser or software for Windows. Depending on the contest they enter, winners have the option to select NFT collectibles from RTFKT and Meebits in addition to wearables and gaming PCs.…