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

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. 

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

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

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.

MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?

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

SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are SecuritiesThe 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 […]

MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?

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

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

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.

MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?

Apple disputes monopoly claims, cites ‘fierce competition’ in court

Apple’s letter to a federal judge previewed its slated dismissal motion to a U.S. antitrust suit, with the firm claiming prosecutors didn’t define where it has a monopoly.

Apple has claimed it isn’t a “monopolist” and “faces fierce competition” in the tech sector in a letter previewing its bid to toss a United States antitrust suit.

In a May 21 letter to New Jersey federal judge Julien Neals requesting a conference ahead of its dismissal motion, Apple’s lawyers refuted U.S. claims that it engaged in anticompetitive conduct by excluding third-party access to its platform and made design decisions that “‘lock in’ users to purchasing iPhones.”

The firm said its alleged anticompetitive conduct “involves Apple making unilateral decisions about the terms and conditions on which to permit third parties access to Apple’s proprietary platform.”

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Magic Eden passed Blur as leading NFT marketplace in March: CoinGecko

CoinGecko cited Magic Eden’s new Diamond reward program and its ongoing commitment to support creator royalties as the main catalysts.

Magic Eden, a Solana-based nonfungible token (NFT) marketplace, recorded its largest monthly trading volume in March, surpassing industry leader Blur.

Its NFT trading volume spiked 194.4% in March to $756.5 million, while Blur marginally increased to $530.4 million, according to CoinGecko’s Q1 2024 report, published on April 17.

CoinGecko said Magic Eden’s rise up the ranks was partly contributed by its new Diamond reward program and its continued partnership with Yuga Labs — at a time when the NFT studio cut ties with NFT marketplaces that weren’t supporting creator royalties.

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Ethereum Wallet Abruptly Wakes Up After Nearly 10 Years, Sends ETH Stack to Crypto Exchange

Ethereum Wallet Abruptly Wakes Up After Nearly 10 Years, Sends ETH Stack to Crypto Exchange

A long-dormant Ethereum (ETH) whale abruptly woke up on Monday and sent more than $773,000 worth of the second-largest digital asset to the top US crypto exchange Coinbase. The crypto-tracking platform Whale Alert notes the wallet is a pre-mine address that wasn’t active for more than 8.5 years. Pre-mining refers to the creation of a […]

The post Ethereum Wallet Abruptly Wakes Up After Nearly 10 Years, Sends ETH Stack to Crypto Exchange appeared first on The Daily Hodl.

MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?

OpenSea NFT users report massive email phishing campaign

OpenSea users have reportedly been targeted with a widespread email phishing campaign, including a fake developer API risk alert and a fake NFT offer.

Users of the major nonfungible token (NFT) marketplace OpenSea have said they are being targeted with a new email phishing attack, and have received emails containing malicious links from attackers posing as the marketplace itself.

According to social media reports, OpenSea users and developers have been targeted by various email phishing campaigns, including a fake developer account risk alert and a fake NFT offer.

One OpenSea developer took to X (formerly Twitter) on Nov. 13 to report receiving a phishing attempt to an email strictly dedicated to their OpenSea Application Programming Interface (API) key. “In other words, dev contacts have been exfiltrated from OpenSea and are the real target in this campaign,” the poster said.

The social media report came in response to OpenSea's insistence that the platform has not been hacked and urging users not to click on links they don’t trust.

Another OpenSea user took to Reddit to express confusion about the ongoing phishing campaign on Nov. 14.

“Haven't used OpenSea for years and all of a sudden, I keep getting emails talking about my NFT listings getting offers,” the poster wrote, adding that all the vulnerable links were trying to direct the reader to install a malicious app.

“Right now I'm getting 3-4 scam/phishing emails a day which is crazy since I got zero just a few weeks ago,” the Redditor wrote, adding:

“So my question is did something new happen to OpenSea. The email address of mine they are hitting is one I created specifically for OpenSea so not concerned but I know OpenSea had hacks previously. Are they just now hitting up my email or is there a new one?”

The news comes a few weeks after one of OpenSea’s third-party vendors experienced a security incident that exposed information related to user API keys. OpenSea reported the breach in a notification email to affected users in late September 2023, stating that user emails and developer API keys may have been leaked due to the attack.

OpenSea users have received phishing emails previously. In February 2022, OpenSea officially confirmed that its platform faced a phishing attack from outside the OpenSea website and urged users to stay away from clicking on any links in the emails. The firm was also investigating rumors of an exploit associated with OpenSea-related smart contracts.

Related: Chinese hackers use fake Skype app to target crypto users in new phishing scam

OpenSea did not immediately respond to Cointelegraph’s request for comment.

This latest phishing campaign is happening just after OpenSea laid off 50% of its staff, with the stated intention of launching OpenSea 2.0 with a smaller team.

This attack is yet another reminder for the cryptocurrency community to stay vigilant when receiving emails from service providers. To avoid a phishing hack, users should be cautious of the email sender’s authenticity and the associated links. Users should also remember that crypto firms never ask their users for personal data like wallet addresses or private keys.

Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in

MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?

OpenSea CEO Announces Job Cuts, Says NFT Marketplace Building New Foundation for Faster Innovation

OpenSea CEO Announces Job Cuts, Says NFT Marketplace Building New Foundation for Faster Innovation

The chief executive of non-fungible token (NFT) marketplace OpenSea is announcing job cuts as the firm says that it’s rebuilding from the ground up. In a thread on the social media platform X, OpenSea CEO Devin Finzer says that the prominent NFT marketplace will be building a new foundation for faster innovation and upgrading its […]

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MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?