Author: Jeremy Ryan

Victor Marreo, the judge handling Dapper Lab’s NBA Top Shot class action lawsuit, has said that its NFTs might be securities. The ruling happened on Wednesday as the judge denied a motion from Roham Gharegozlou, Dapper Labs CEO to dismiss the lawsuit claiming the NFTs were not securities.By denying the motion, the judge allowed the case to proceed, and now Dapper Labs has 21 days to respond to the court’s decision. To make the decision, the judge reviewed the Howey Test, a method used by the SEC to determine whether a transaction qualifies as an “investment contract” or not. If…

Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology. Here are some interactive ways one can utilize to teach cryptocurrency to children:Start with the basics and use analogiesStart by defining and describing the nature of money. Inform your kids about the various types of money and the function of banks. It is also important to teach them the origin of money and how it got involved, from paper money to digital money.Related: What is cryptocurrency? A beginner’s guide to digital currencyFurthermore, analogies can be a powerful tool to help children understand complex…

On Feb. 13, a federal judge put the Securities and Exchange Commission and the Commodity Futures Trading Commission cases against former FTX CEO Sam Bankman-Fried on hold. You’ll be forgiven if you missed this story — headlines and social media were dominated by the breaking news that the SEC was suing crypto firm Paxos for minting Binance’s stablecoin, Binance USD (BUSD).But we’re not here to debate whether stablecoins are securities. The Howey test has been discussed to death, and while it’s true that few people expect to profit from a token pegged to a fiat currency, the issue is more…

Blockchain EMURGO, a global blockchain technology company founded in 2017, has recently launched the open beta of its Cardano-based social platform “Cardano Spot,” which was built to “rectify the fragmentation of the Cardano ecosystem” and help the cryptocurrency’s community. According to a recently published press release EMURGO Media, one of the founding partners of Cardano ($ADA), released the closed beta version of Cardano Spot, and has since kept on developing the platform based on community feedback and direction. The platform, the release reads, is now “open to onboard all projects that are Cardano-powered.” Sebastian Ziliaucus, Managing Director of EMURGO Media,…

California Representative Maxine Waters, ranking member of the United States House Financial Services Committee, has called for coordination and cooperation between government agencies and lawmakers to address crypto regulation.Speaking to Cointelegraph, Representative Waters suggested that recent enforcement actions on the crypto space from the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission may have been to present the image of “doing something substantive and meaningful” following the collapse of major exchanges including FTX. She said the market crash and related bankruptcies of major firms gave U.S. lawmakers an opportunity of “getting accountability” in the crypto space.“To the CFTC…

Blockchain Ryan Wyatt, President of Polygon Labs, spoke to Decrypt about his transition from gaming to the crypto world. Polygon is “a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.” The Polygon Lightpaper describes Polygon as “a protocol and a framework for building an connecting Ethereum-compatible blockchain networks.” On 18 May 2021, Independent Ethereum educator, investor and advisor Anthony Sassano took to Twitter to clear up some of the confusion around Polygon (e.g. some people refer to Polygon as a sidechain to Ethereum, while others call it…

NFT A recent legal decision may offer some much-needed – though not much-liked – clarity on the regulatory landscape ahead for non-fungible tokens (NFT) that may define how centralized companies proceed in entering Web3. The federal judge in New York overseeing a class-action lawsuit against Dapper Labs ruled Wednesday to deny the company’s motion to dismiss the suit, writing that the plaintiffs’ claims that Dapper Labs’ NBA-branded Top Shot Moments NFTs are securities – and that selling them without first registering with the U.S. Securities and Exchange Commission (SEC) was a violation of federal securities laws – are “plausible.” In…

In this episode of Hashing It Out, Pacman, the founder and core contributor of the nonfungible token (NFT) marketplace Blur, joins Elisha Owusu Akyaw to discuss how Blur has captured the attention of the NFT market.The tides in the NFT ecosystem changed in December 2022 when the newly launched NFT marketplace overtook OpenSea as the largest NFT trading platform by trading volume. Pacman describes this as a similar situation to the progression of the general token market. He explains that Blur created a marketplace that puts professional traders first, a niche not covered by popular platforms that prioritize a simple…

The original manuscript of Neil Stephenson’s Snow Crash, the book that coined the term “metaverse,” will be auctioned by Sotheby’s, according to a page on its official website. The auction is part of a Feb. 23 series called “Infocalypse” that includes six physical and six digital items related to the famous book.The original manuscript is in Lot 2 of the series. It is “wrapped in original Xerox 4200 Paper,” secured with masking tape, and contains “corrections and notations throughout in Neal Stephenson’s hand in blue ink.” It also has the title of the book written on the spine with a sharpie…

Vulcan Forged prepares for a migration and reboot of their LAVA token economy with an upcoming snapshot and airdrop. It all begins on March 1st. Though you’ll want to make sure you have your tokens in the right spots before then! In support of their new blockchain, and for a chance to revamp their game economy, VulcanForged will soon migrate their LAVA token over to Elysium. There will be a wallet snapshot taken on March 1st. This will count all LAVA tokens on the Polygon network that are in wallets or part of the Cold LAVA storage. However, be sure…