Mantra, which is focused on the Middle East, will tokenize the assets in multiple tranches. The first tranche will include a residential project, Keturah Reserve, which is being built by MAG in Meydan, Dubai. The tranche will also package a $75 million mega-mansion at ‘The Ritz-Carlton Residences, Dubai, Creekside’ development. Source
In this recent ruling, a court agreed that DraftKings’ NFTs involved an investment of money, pooled assets into a common enterprise with shared risks and profits, and created a reasonable expectation of profit from DraftKings’ efforts, thus plausibly classifying them as securities under the Howey test. Source
Meanwhile, independent security researcher @ZachXBT said on his Telegram channel that one user was drained of 32,000 TAO, worth $8 million at the time, and suspected a private key leakage that led to the attack. A private key is a string of letters and numbers that acts as a password to protect and manage tokens in a wallet. Source
The Washington Post reported late Tuesday that former president Barack Obama, concerned about Biden’s reelection chances after a poor debate performance, as well as highlighting his belief that Trump has strong electability, has been privately advising and supporting him while publicly expressing confidence in his campaign. Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convince a judge to toss out New York Attorney General (NYAG) Letitia James’ civil fraud suit against them. Source
As the founder of DePIN Daily and Growth Lead at peaq, I’ve seen the influence of an organic, engaged community fighting the good fight of taking our data back. From people making their own devices with Raspberry Pi’s to helping other community members with their setups, everyone is here to build and uplift each other. The chain tribalism and PFP wars have been left behind in 2021. The DePIN community acts as a foundation for builders, founders, and users to exchange ideas, collaborate, and push this DePIN movement forward. Source
“As I have stated many times before and as the evidence in court is showing, Tigran has never been a decision-maker at Binance, and there is no justification for his continued detention,” Yuki Gambaryan, Tigran’s wife, said. “It is time for the Nigerian authorities to do the right thing and release my innocent husband.” Source
Imagine if the next blockbuster medication could be funded through a decentralized, transparent process? This would not only democratize the funding of critical research, but also ensure that rewards and recognition are fairly distributed among all contributors, says Azeem Khan. Source
Venn is the latest attempt to address crypto’s ever-present crime problem. In any given week, projects big and small lose six-figure sums or more to fraud, theft, economic attacks and other costly capers that drain their customers’ crypto. All these transactions happen on the blockchain, where they’re irreversible; there’s no rewind button to move stolen money back into a victim account. Source