Month: June 2023

US SEC Indicts Coinbase over Unregistered Exchange and Broker Platform

The new lawsuit against Coinbase is coming only a few hours after the SEC sued Binance for violation of the same US securities rules. American publicly listed crypto trading platform Coinbase Global Inc (NASDAQ: COIN) has come under the radar of the United States Securities and Exchange Commission (SEC) once again. This time around, Coinbase was indicted in a New York Federal Court earlier today for operating as an unregistered national securities exchange and broker according to the regulator. The lawsuit stated that Coinbase has been operating in this manner…

How to Build a Compliant Crypto Exchange After The SEC’s Coinbase Suit

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I am not going to bore you by quoting chapter and verse on broker-dealer registration requirements. I also won’t go into a detailed Howey analysis on many of the coins mentioned in the complaint – including Solana, ADA, Matic, Filecoin, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO. The important thing here is that the SEC is seeking, as a remedy, a permanent injunction against Coinbase from operating an unlicensed exchange. If they can get one of the tokens to stick and win at trial, they may be…

Web3 Gaming Studio Argus Raises $10M Lead By Haun Ventures

“Computer games in the 1980s and ‘90s were building their engine to build their own game … I think we’re at a very similar stage in crypto gaming right now, where if you really want to build great applications for great content, you really need to have this ability to push the envelope yourself,” said Sunarto. “That’s really why we’re this engine infrastructure team and a content game studio built in-house.” Source

Agoria Empowers Fans with NFT Ownership in Upcoming Album Launch

Agoria is revolutionizing the music industry by granting fans ownership rights to his upcoming album through NFTs, creating a unique and immersive experience for his audience. Renowned French DJ, producer, and NFT artist Agoria is spearheading a groundbreaking initiative that challenges the traditional norms of the music industry. In an exciting move, Agoria is giving fans the chance to own his upcoming album through non-fungible tokens (NFTs). This innovative approach not only bridges the gap between the artist and their fans but also transforms the concept of ownership in the…

Coinbase stock plunges 20% on SEC lawsuit

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The stock of cryptocurrency exchange Coinbase plunged more than 20% at the open on June 6. At the time of publication, shares have pared some losses and are currently trading at $50.14, compared to an intra-day low of $46.43. The company’s market capitalization currently stands at $13.7 billion.  The same day, the United States Securities and Commission filed a lawsuit against Coinbase, alleging the operations of an unregistered national securities exchange, broker and clearing agency and failing to register the offer and sale of its crypto asset staking-as-a-service program. SEC Chair…

Louis Vuitton Launches Treasure Trunk Digital Collectible Priced at €39,000

Each Treasure Trunk from Louis Vuitton is a soulbound token that opens owners to exclusive experiences and designs. French luxury fashion house Louis Vuitton has launched its iconic travel trunk as a digital collectible in a collection called the VIA Treasure Trunk. The launch is part of Louis Vuitton’s affinity for digital adoption and Web3. The Treasure Trunks are part of Louis Vuitton’s broader “Via” project. Translated from Latin as “road”, Via is the fashion house’s project that offers several products and experiences to a select few. Each Treasure Trunk…

10 industry insiders’ tips for devs who are new to blockchain coding

Tech developers looking for a new challenge may well be turning their attention to blockchain. The space is still fresh enough that a newcomer can get in on the ground floor of exciting new developments and take their place among industry pioneers. However, devs who are used to being “tech gurus” may hesitate at the threshold, uncertain where to begin their professional journey with blockchain. And there’s no doubt there’s important homework to be done before leaping in. Below, 10 members of Cointelegraph Innovation Circle share some tips for curious…