Month: February 2023

Dapper Lab’s NBA Top Shot Moments may qualify as a security, says U.S. judge

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Updated (Feb. 22 at 9:00 pm in UTC): This article has been updated to include Dapper Lab’s comments on the case.  NBA Top Shot Moments nonfungible tokens (NFTs) may be considered a security, as it meets the requirements under the United States security laws, according to court filings on Feb 22.  The decision comes as federal judge Victor Marreo denied a motion from Dapper Labs CEO Roham Gharegozlou to dismiss a class action lawsuit claiming its NBA Top Shot NFTs are securities. Upon denying the motion, the court authorized the…

Tencent Cloud signs multiple collaboration agreements with blockchain firms

According to a press release on Feb. 22, Tencent Cloud, the cloud computing branch of Chinese internet giant Tencent, announced that it had concluded multiple agreements with blockchain firms to support the active development of the Web 3.0 ecosystem. Firstly, Tencent Cloud signed a memorandum of cooperation with decentralized blockchain infrastructure provider Ankr to jointly develop a series of blockchain API services for remote procedure call nodes. The new service will be deployed on Tencent Cloud’s infrastructure and will provide connections to mainstream blockchains building on Web 3.0 games and…

US Federal Trade Commission Investigates Marketing Schemes of Crypto Firm Voyager – Bitcoin News

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According to a court document filed recently in the Voyager Digital bankruptcy case, the U.S. Federal Trade Commission (FTC) is investigating the marketing of the crypto firm. Like the U.S. Securities and Exchange Commission (SEC), the FTC has objected to Binance US purchasing Voyager’s assets. FTC’s Objection to Voyager’s Proposed Sale Plan Could Impact Bankruptcy In a filing in bankruptcy court registered on Feb. 22, 2023, the U.S. Federal Trade Commission (FTC) detailed that it is investigating the marketing schemes of the crypto firm Voyager Digital. “The FTC has commenced…

BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB

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The United States equities markets saw their worst performance of 2023 as concerned investors dumped stocks on Feb. 21, fearing continued rate hikes by the U.S. Federal Reserve. Although the cryptocurrency markets also gave back some of the gains, the fall was comparatively muted. UTXO Management senior analyst Dylan LeClair said that Bitcoin’s (BTC) correlation to the S&P 500 index has fallen to the lowest since late 2021. After the sharp recovery from the lows, Glassnode data showed that only 21% of the coins sent by Long-Term Holders to exchanges…

Coinbase discloses recent cyberattack targeting employees

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Crypto exchange Coinbase experienced a cybersecurity attack targeting its employees on Feb. 5. The attack came through SMS scams and involved impersonations of IT staff, according to a recent report from the company’s engineering team. No customers’ funds or information were impacted, the firm said. As per the report, on a late Sunday several Coinbase employees received SMS messages requiring them to urgently log in via the link provided to access an important message. Acting in a good faith, one employee followed the exploiter’ instructions: “While the majority ignore this unprompted…

Nodle’s Smartphone-Powered Blockchain Network | Blockchain News

It’s possible that smartphones could become an essential component of blockchain networks, which will enable communication between smart devices in the Internet of Things (IoT) sector of the economy. The company Nodle is the brains behind a connectivity platform that offers customers financial incentives to participate as nodes in an internet of things (IoT) network. The network makes use of Bluetooth connection to rent the computational power, storage space, and Bluetooth capabilities of devices in order to expand the footprint of IoT networks. This is accomplished by taking advantage of…