Curious Addys and Zeneca Launch Beginner NFT Platform HeyMint

With a goal of easing the minting process for creators and onboarding new entrants to Web3, HeyMint aims to be an accessible, equitable and low-cost creative tool. Creators can upload their artistic asset, choose their desired blockchain, create an allow list presale and enforce royalties. HeyMint currently supports Ethereum and three Ethereum Virtual Machine (EVM)-compatible chains – Polygon, Arbitrum and Optimism. Source

Rakuten Shares Drops 9% on Report of Possible $2.2B Public Offering

Rakuten shares gained approximately 7.9 percent YTD despite dropping about 20 percent last year. Shares of Rakuten Group Inc (Tokyo: 4745) closed Monday trading at ¥643, down 9.05 percent from the day’s opening price. The sudden drop in Rakuten shares was attributed to the announcement by Reuters that the company is in the final stages of issuing new shares in a bid to raise approximately $2.2 billion. According to the media outlet, Rakuten plans to issue shares to founder and CEO Hiroshi Mikitani and a fund controlled by the entrepreneur.…

SEC Revises Punishment against LBRY, Reduces Fine by 95%

Identifying the platform’s inability to pay a massive sum of $22 million as penalty in violations of the securities laws, the SEC has revised the penalty to $111,000. In a major development and probably the first, the US Securities and Exchange Commission (SEC) has decided to revise its fine against blockchain-based content-sharing platform LBRY, having identified the platform’s inability to pay a massive sum of $22 million. As per the filing submitted last week on May 12 in a New Hampshire District Court, the securities regulator sought an amendment to…

LTC, SOL Climb to 1-Week Highs on Monday – Market Updates Bitcoin News

Solana extended recent gains on Monday, as the token rose to a one-week high, following recent declines. The token dropped below the $20.00 level last week, as a red wave hit cryptocurrency markets. Litecoin was also higher today, climbing by nearly 7%. Solana (SOL) Solana (SOL) rose to a one-week high on Monday, as momentum shifted following a recent bear run. SOL/USD surged to a peak of $21.49 earlier in today’s session., which comes after Sunday’s low of $20.65. As a result of this rally, solana moved to its strongest…

South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal

Prosecutors in South Korea raided the offices of two local cryptocurrency exchanges due to investigations surrounding the digital assets of lawmaker Kim Nam-kuk. According to a report from the South Korean news agency Yonhap, a team of prosecutors from the Seoul Southern District Prosecutors Office raided cryptocurrency exchanges Upbit and Bithumb for transaction records and other materials. Kim is said to operate his digital asset wallets on Upbit and Bithumb. The raid from authorities immediately followed Kim’s resignation from his political party on May 14. His departure is tied to…

Bitcoin and ethereum on a losing streak, DigiToads presale shows steady growth

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the dynamic world of crypto, where bitcoin (BTC) and ethereum (ETH) grapple with volatility, the DigiToads presale stands can be a glimmer of hope. Amid the ebbs and flows of the market, the TOADS ERC-20 token is growing popular and remains resilient. TOADS has steadily accrued value and piques the interest of discerning investors. DigiToads  DigiToads is a crypto project that fuses gaming, non-fungible tokens (NFTs), and tokenomics. The TOADS presale has seen the project raise over…

SEC under fire for its custody rule: Law Decoded, May 8–15

Last week was harsh for the United States Securities Exchange Commission (SEC), with industry figures and officials publicly criticizing the regulator.  May 8 was the deadline for feedback on the SEC’s proposed custody rule, and there was feedback aplenty. Andreessen Horowitz’s general counsel Miles Jennings called the proposal a “misguided and transparent attempt to wage war on crypto.” The Blockchain Association claimed the rule exceeds the SEC’s authority, would inhibit advisers from transacting with crypto exchanges and leave investors’ assets at more risk. The chair of the United States House…