The US Securities and Exchange Commission (SEC) has taken legal action against media and entertainment company Impact Theory for conducting an unregistered offering of crypto asset securities as Non-Fungible Tokens (NFTs). Impact Theory raised approximately $30 million from hundreds of investors, including those across the United States.The SEC’s order reveals that Impact Theory introduced three […]
The Federal Reserve is seemingly running interference with congressional efforts to regulate stablecoins, according to a letter recently sent to Fed Chairman Jerome Powell from Chairman of the U.S. House of Representatives Financial Services Committee Patrick McHenry and subcommittee chairs French Hill and Bill Huizenga. The legislators were objecting to two Fed letters: SR 23-7 […]
The US Securities and Exchange Commission (SEC) has charged Los Angeles-based media and entertainment company Impact Theory, LLC with offering unregistered securities in the form of NFTs. The company had raised over $30 million from investors in the US, emphasizing that it was “trying to build the next Disney” and that it would deliver “tremendous […]
Donald Trump’s non-fungible token (NFT) series has seen a surge in prices following his arrest in Atlanta, Georgia. Trump was arrested on allegations of attempting to overturn the results of the 2020 presidential election in Georgia. After he posted his mugshot to a social media platform, the price floor of his NFT collection jumped from […]
Kava Chain, the Cosmos-Ethereum interoperable Layer 1, has now deployed Stargate, the leading omnichain liquidity layer and native asset bridge. This integration will expand the reach of Tether’s Cosmos-native USDt to the Ethereum ecosystem and beyond. Stargate’s success in connecting Ethereum networks is unmatched, with 300x more TVL than the next most-used bridge. This integration […]
Robinhood, an investing and trading platform, has become the third-largest Bitcoin holder after accumulating $3 billion worth of BTC in three months. This wallet address had attracted attention, with some speculating that it belonged to Winklevoss-led Gemini or asset management giant BlackRock. However, Arkham Intelligence data showed that Robinhood is, in fact, behind the wallet. […]
Robinhood, a retail trading giant, has been identified as the third largest holder of Bitcoin by blockchain intelligence firm Arkham. Jump Trading Custody, a Chicago-based trading firm, has been providing crypto services to Robinhood since at least 2019. According to data from BitInfoCharts, the wallet began accumulating in mid-May and by late June, was the […]
Shopify, a prominent Canadian e-commerce company, has recently incorporated Solana Pay into its network. This integration enables users to execute immediate transactions using cryptocurrencies such as USDC. While the platform is initially introducing this novel feature with payments involving the stablecoin USDC, it has plans to progressively broaden its scope to encompass a wider array […]
The United States Securities and Exchange Commission (SEC) has charged Impact Theory, a Los Angeles-based media and entertainment company, with conducting unregistered securities sales when it sold nonfungible tokens (NFTs) to investors between October and December 2021. The company raised almost $30 million through the sales of NFTs it called Founder’s Keys, which were offered […]
The US Securities and Exchange Commission (SEC) has charged Los Angeles-based media and entertainment company Impact Theory, LLC for allegedly offering unregistered securities in the form of NFTs.The SEC said that Impact Theory had raised over $30 million from investors in the United States, and had emphasized that it was “trying to build the next […]
