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“# Judge reverses own ‘mistaken’ dismissal of Overstock lawsuit ” A Utah federal judge has reversed his own dismissal of a class-action lawsuit against online retailer Overstock that alleges it manipulated the market by issuing a security token “Digital Dividend” to shareholders last year. On Jan. 6, Judge Kimball reversed his previous decision to dismiss…
“# OKExChain mainnet enters ‘Genesis’ stage, 10 million OKT tokens issued ” Crypto exchange platform OKEx has announced the launch of its OKExChain mainnet with 10 million OKT tokens available for early adopters. According to an announcement, the project was three years in development, spanning 10 testnet versions. The mainnet deployment will proceed along four…
“# Crypto-friendly app cautions users to ‘reassess’ XRP holdings ” Revolut, a crypto-friendly trading app, is reportedly issuing a strong warning to its customers regarding buying and selling XRP. According to news outlet The Irish Times, the fintech firm recently sent out a notice to its customers saying it was still possible for the firm…
“# Binance launches trading and staking for three more Chiliz fan tokens ” Binance, the world’s largest cryptocurrency exchange by trading volume, is listing another batch of fan tokens by a major sports-focused token platform, Chiliz. According to a Dec. 23 announcement, Binance Launchpool — a platform allowing users to stake tokens for up to…
“# The importance of decentralized oracles: Interview with Sergey Nazarov ” Chainlink co-founder Sergey Nazarov believes that increasing the decentralization and scalability of oracle technologies are key to ensure trust in the DeFi ecosystem. Oracles play a key role in the correct functioning of DeFI protocols by connecting them to real-world data. However, the trustworthiness…
“# One exchange is trying to make debt tokenization a thing in crypto ” An increasing number of mainstream financial activities have become blockchain integrated in line with the growing crypto segment. Now tokenized debt markets are entering the space as well. “CoinFLEX has created a new market for short-term commercial paper, enabling private companies…
“# Dance producer Guy J sells token representing new track’s royalties for 40 ETH ” The crypto-powered music streaming platform Rocki has sold its first “royalty income right NFT” — a token granting its owner a 50% share in all royalties generated by a specific track’s streams on the site. The token corresponds to a…
“# Fractional stocks go to pot as FTX lists tokenized cannabis shares ” Cryptocurrency derivatives exchange FTX has announced it is growing its line of tokenized stock offerings, with the addition of five cannabis-related businesses. The Wednesday announcement, tweeted by FTX and Alameda Research CEO Sam Bankman-Fried, came in a haze of ex-hemp-lary (sorry) marijuana…
“# Sean Ono Lennon sells NFT art piece for $3K in crypto ” Sean Ono Lennon, a British-American musician, songwriter, and producer, has auctioned a tokenized digital illustration on NFT marketplace, Rarible. According to Rarible data, Lennon sold a piece entitled “Etharian 1” on Dec. 14 for 5.5 wrapped Ether (WETH), worth about $3,200 at…
“# Digital artist Beeple auctions NFT art collection for $3.5M ” Non-fungible token marketplace Nifty Gateway hosted an auction that saw a single NFT artwork sell for $777,777 after a last-second bid doubled the price. On Dec. 14, Nifty tweeted that the “savage” bid of $777,777 had been entered with only a single second left…