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” Yuga Labs ‘inappropriately induced’ BAYC investors: Class action “ A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy Bored Ape Yacht Club non-fungible tokens (NFTs) and the project’s affiliated ApeCoin (APE) token. The proposed class-action driven by law firm Scott+Scott was published on July 21, claiming that Yuga Labs…
” Stablecoin projects need collaboration, not competition: Frax founder “ Stablecoin projects need to take a more collaborative approach to grow each other’s liquidity and the ecosystem as a whole, says Sam Kazemian, the founder of Frax Finance. Speaking to Cointelegraph, Kazemian explained that as long as stablecoin “liquidity is growing proportionally with each other”…
” Voyager rejects Alameda buyout offer as it ‘harms customers’ “ Centralized crypto lender Voyager Digital Holdings has rejected an offer from FTX and its investment arm Alameda Ventures to buyout its digital assets on the grounds that the actions “are not value-maximizing” and potentially “harms customers.” In a rejection letter filed in court on…
” Not just Bitcoin price: Factors affecting BTC miner profitability “ The ongoing cryptocurrency bear market has triggered a massive decline in Bitcoin (BTC) mining profitability as BTC mining expenses outpace the price of Bitcoin. Closely tied to the drop in the BTC price, Bitcoin mining profitability has been tanking since late 2021 and reached…
” Fans seek trust and better understanding of sports NFT market: Research “ The heavy involvement of the sports ecosystem is what expedited nonfungible tokens’ (NFT) mainstream adoption as the teams and players leveraged the technology for fan engagement. However, sports fans revealed their interest in moving beyond the hype and making investments based on…
” Board urges Bank of Central African States to introduce common digital currency: Report “ The Bank of Central African States, or Banque des États de l’Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo, could be closer to releasing a central bank digital currency reportedly…
” FTX proposes a way to give Voyager Digital clients some of their digital assets back early “ FTX and Alameda Ventures want to offer Voyager Digital customers a chance to start a new FTX account with an opening cash balance funded by an early distribution on a portion of their bankruptcy claims, FTX announced…
” Crypto Biz: The 3AC saga takes another bizarre twist “ About eight months ago, I vouched pretty strongly for Su Zhu to be included in the prestigious Cointelegraph Top 100. My reasoning was pretty straightforward: Zhu was not only an influential figure on social media, but he ran arguably the most revered hedge fund…
” Zipmex resumes withdrawals for trade wallets “ Cryptocurrency exchange Zipmex has resumed withdrawals from its trade wallet after two days, but said transfers, deposits and trade will continue to be disabled from its Z Wallet. In a Friday announcement, Zipmex said its Thailand-based users could make withdrawals from its trade wallet, with the function…
” NFT sales will fund the restoration of physical monuments in Ukraine “ The Ukrainian government will be using the proceeds of sales from an online nonfungible token, or NFT, museum to restore artwork in the real world. According to a Friday announcement and information shared with Cointelegraph, Ukraine’s Ministry of Culture and Information Policy…