Web3 games are having an excellent week, with Nyan Heroes, Shrapnel, and The Sandbox in the spotlight. Quite a few new developments hit the market over the past three days, including partnerships to bring TV competitions into the metaverse with special perks for players, debuting the rank mode of popular hero shooters, and simplifying in-game...
The tokenization of real-world assets (RWAs) may be the next “killer use case” for the crypto industry. Investment bank Citi released a report in March 2023 showing that the market for RWAs is projected to reach $4 trillion to $5 trillion by the year 2030. The report notes that the potential for tokenization via blockchain...
Binance is fighting back against the DWF Labs allegation against the platform on May 9. This follows an explosive report from the Wall Street Journal (WSJ) that revealed that Binance dismissed an employee who uncovered evidence of market manipulation by DWF Labs, a major market on the trading platform. According to the WSJ report, the...
Robinhood and its CEO Vlad Tenev met with the United States Securities and Exchange Commission (SEC) 16 times before the commission sent the crypto company a Wells Notice, the CEO revealed in a Wednesday interview with CNBC.“We actually came in good faith to meet with the SEC. I think we met with them 16 times...
Ethereum Co-Founder Joseph Lubin launched scathing criticisms against the Securities and Exchange Commission (SEC) on May 9, accusing the regulatory body of deliberately impeding innovation and obstructing Ethereum’s transformative potential in the banking landscape. Speaking at FT Live’s Crypto and Digital Assets summit in London, Lubin criticized the SEC’s approach, alleging that instead of fostering...
Crypto trade association Digital Chamber has slammed the US Securities and Exchange Commission (SEC) for issuing a Wells Notice to Robinhood Crypto, calling it an “alarming development.” The Digital Chamber called this as yet another instance of the regulator’s “unchecked regulatory overreach,” similar to previous ones. The SEC has previously issued Wells Notice to major...
ETFS Capital has called for changes in WisdomTree’s leadership, urging shareholders to vote against the re-election of certain directors. In a statement shared with Cryptonews.com, ETFS Capital expressed concerns about WisdomTree’s current board and management, suggesting that significant changes are needed to increase shareholder value. ETFS Advocates Voting Against WisdomTree Board The statement opposed the...
Austrian crypto exchange Bitpanda is expanding its operations to the Middle East and opening a regional office in the United Arab Emirates (UAE). The firm has tapped former 1inch Network’s business development and head of growth Walid Benothman to lead its operations in the region. In an announcement, Bitpanda said it will open its first...
Following a four-month period of consistent outflows, Grayscale’s spot Bitcoin exchange-traded fund (ETF) has finally witnessed a positive shift. Over the past two days, the Grayscale Bitcoin Trust (GBTC) has attracted inflows totaling $66.9 million. This change in tide comes after a major period of decline, during which GBTC saw an average daily outflow of...
Crypto wallet developer Exodus Movement has received approval to list its common stock on the NYSE under the ticker EXOD. Trading for the stock will commence on the platform on May 9, the company announced on Monday. “Trading on the NYSE American will allow Exodus to create greater long-term value for our stockholders by increasing our...