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

September 2, 2024 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.”

2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why

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 […]

2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why

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 […]

2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why

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.

2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why

Ripple CLO Stuart Alderoty Challenges SEC OpenSea NFT Wells Notice, Citing 1976 Art Gallery Ruling

August 29, 2024 The Daily Hodl

Daily Hodl

The chief legal officer of the crypto firm Ripple is publicly issuing a challenge to the U.S. Securities and Exchange Commission (SEC). Yesterday, the CEO of the world’s largest non-fungible token (NFT) marketplace, Devin Finzer of OpenSea, announced that the SEC had slapped OpenSea with a Wells Notice. A Wells Notice is a warning issued […]

The post Ripple CLO Stuart Alderoty Challenges SEC OpenSea NFT Wells Notice, Citing 1976 Art Gallery Ruling appeared first on The Daily Hodl.

2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why

SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities

August 28, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it could negatively impact innovation and creators’ livelihoods. The platform is prepared to contest the action and has committed $5 million to support NFT creators facing […]

2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why

SEC Says NFTs Are Securities in New Wells Notice Against OpenSea, According to CEO

August 28, 2024 The Daily Hodl

Daily Hodl

The U.S. Securities and Exchange Commission (SEC) has sent a Wells notice to non-fungible token (NFT) marketplace OpenSea, according to the firm’s CEO. Devin Finzer says in a new post on the social media platform X that the company has received a Wells notice from the SEC warning them of possible securities law violations. A […]

The post SEC Says NFTs Are Securities in New Wells Notice Against OpenSea, According to CEO appeared first on The Daily Hodl.

2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why

Base hits 4M active addresses amid ‘Onchain Summer’ campaign

August 20, 2024 Coin Telegraph

active addresses

Base said it had allotted 600 ETH, worth $2 million, for developers who would build on the blockchain from June to August this year.

Crypto exchange Coinbase’s layer-2 solution Base had about 4 million active addresses last week as it continues to push its “Onchain Summer” campaign forward.

Jesse Pollak, head of Base, shared data from Dune Analytics, saying that the layer-2 network reached an all-time high in weekly active addresses. Pollak highlighted that over 4 million active addresses were on the blockchain last week.

Weekly active addresses chart for Base. Source: Dune Analytics

2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why

This Week’s NFT Sales Slump 11.66%—Will the Downtrend Turn Around?

August 17, 2024 Bitcoin.com

Bitcoin NFTs

In the past week, non-fungible token (NFT) sales have dipped by 11.66%, totaling $81.7 million. Despite this decrease, there’s been a significant uptick in market activity: the number of NFT buyers has skyrocketed by 172.98%, while NFT sellers have also seen an impressive rise of 120.51% over the same period. NFT Market Chaos: Prices Drop, […]

2017–2021 Altcoin Run Likely Never Happening Again, According to Veteran Trader – Here’s Why

‘Another Major Run’ Coming for One Crypto Sector, According to Analyst – Here’s His Forecast

August 7, 2024 The Daily Hodl

Altcoins

A widely followed crypto analyst believes that one digital asset sector is going to have a massive revival this market cycle. Pseudonymous crypto trader Kaleo tells his 643,400 followers on the social media platform X that a bullish resurgence is likely for non-fungible tokens (NFTs). “I’m one of the crazy people that still believe NFTs […]

The post ‘Another Major Run’ Coming for One Crypto Sector, According to Analyst – Here’s His Forecast appeared first on The Daily Hodl.

NFTs

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