SEC Hits Flyfish Club With Charges for Unregistered NFT Offering

September 18, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges […]

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Trump-Themed Meme Coins Spike Following Former President’s X Interview

September 17, 2024 Bitcoin.com

bitcoin.com

After former President Donald Trump and his family introduced World Liberty Financial (WLF) during an X Spaces interview, meme coins inspired by Trump have enjoyed a notable rise in value over the past 24 hours when compared to the U.S. dollar. Political Meme Coins Surge After Trump Slams Kamala Harris, Praises Crypto On Tuesday, Sept. […]

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Coinbase-Led Advocacy Group Launches Legal Defense Fund for NFT Projects

September 15, 2024 The Daily Hodl

coinbase

A digital assets advocacy group backed by Coinbase is launching a multimillion-dollar legal defense fund for non-fungible token (NFT) projects. In a new thread on the social media platform X, Stand With Crypto says it’s starting an NFT defense fund with investment firm Andreessen Horowitz (a16z) and NFT marketplace OpenSea to assist artists against “misguided” […]

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NFT Sales Slip 7.69% in Early September as Digital Collectible Market Adjusts

September 7, 2024 Bitcoin.com

Bitcoin-Based NFTs

After a dip in August, the first week of September didn’t bring much sunshine to the world of non-fungible tokens (NFTs). Sales slid by 7.69% over the seven-day period. The total number of NFT transactions was just over 1 million, which is a notable 36.93% drop from the previous week. September NFT Sales Struggle With […]

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Spatial Computing Expert: AI Didn’t Contribute to Metaverse’s Decline

September 7, 2024 Bitcoin.com

artificial intelligence

Luis Oscar Ramirez, founder and CEO of Mawari, believes the idea that artificial intelligence (AI) has contributed to the decline in metaverse interest and investment is misguided. Instead, Ramirez said he sees AI as a powerful catalyst for metaverse innovation, enhancing user experiences and making digital interactions more natural, intuitive, and engaging. Metaverse, NFT Decline […]

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DeFi Total Value Locked Plummets by 14% in August and NFT Trading Volume Drops by 16%: DappRadar

September 7, 2024 The Daily Hodl

Blockchain

New data from market intelligence firm DappRadar reveals that the total value locked (TVL) in decentralized finance (DeFi) plunged during the month of August. In its industry report for August 2024, the crypto analytics platform unveils that while last month saw a record number of crypto wallets interacting with decentralized applications (DApps), both the TVL […]

The post DeFi Total Value Locked Plummets by 14% in August and NFT Trading Volume Drops by 16%: DappRadar appeared first on The Daily Hodl.

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Why is the SEC going after digital art and monkey pictures? Law Decoded

September 2, 2024 Coin Telegraph

Coin Telegraph

OpenSea faces SEC scrutiny as the debate over NFTs as unregistered securities heats up, causing a stir in the crypto world.

On Aug. 28, the United States Securities and Exchange Commission issued a Wells notice to OpenSea, the non-fungible token (NFT) marketplace.

OpenSea CEO Devin Finzer was “shocked” when the SEC accused the exchange of being a marketplace for unregistered securities.

The announcement resulted in an uprising in the crypto community, led by Finzer’s statement that OpenSea was prepared to “stand up and fight.”

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NFT Market Faces Brutal August: Sales, Buyers, and Transactions All Plunge

September 1, 2024 Bitcoin.com

Bitcoin

Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales falling by 41.36%. NFT Market Struggles: August Sales Plunge 41.36% After July’s Decline According to cryptoslam.io metrics, NFT sales in August tallied up to approximately […]

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Bored Ape Yacht Club Leads the Week’s Priciest NFT Sale Despite Overall Market Dip

August 31, 2024 Bitcoin.com

Bitcoin

While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased This past week, NFT sales were rather […]

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Why is the SEC going after digital art and monkey pictures?

August 31, 2024 Coin Telegraph

Coin Telegraph

The SEC has targeted the largest NFT marketplace for unregistered securities trading, and the crypto community is outraged.

The United States Securities and Exchange Commission issued a Wells notice to OpenSea on Aug. 28, stating that the non-fungible token (NFT) exchange had served as a marketplace for unregistered securities.

OpenSea CEO Devin Finzer said he was “shocked” by the SEC action.

The crypto community protested the notice, which serves as a warning that the SEC may take enforcement action against the exchange.

NFTs

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