Author: AOTCC
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‘It would be absurd’ for US court to rule private NFTs as securities: Lawyer
The comments from the hosts of lawyers come as Judge Victor Marreo said that Dapper Labs’ NBA Top Shot Moments NFT might constitute a security.
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Trade group accuses SEC of ‘stealthy’ overreach in Coinbase insider trading case
The Chamber of Digital Commerce has accused the SEC of trying to impose securities regulations via the “back door” of an insider trading lawsuit.
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Frax Finance to retire algorithmic backing amid stablecoin crackdown
The vote was passed to fully collateralize Frax Finance’s native stablecoin, thus phasing out its algorithmic backing.
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CoinEx crypto exchange sued by New York for failing to register with state
The NY Attorney General is looking for a court order to remove the exchange from the state and wants it to block all internet addresses originating from New York.
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Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
According to the Department of Justice, Forsage employed smart contracts which were coded in ways consistent with a Ponzi scheme.
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Only 0.04% of Ethereum validators have been slashed since 2020, says core dev
Only 226 validators have been slashed since Ethereum staking began, with 75 of those coming from one single event in Feb. 2021.
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Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3
Gate’s founder called Hong Kong a “hub,” meanwhile, the city’s financial secretary said the region “must keep up” with the “huge potential” of Web3.
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Google Cloud partners with Tezos blockchain to develop Web3 tech
The partnership will see Google Cloud becoming a validator on the Tezos network.
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PolygonScan went down, causing unwarranted concern of blockchain outage
Data from PolygonScan showed that the blockchain had not produced any new blocks or processed transactions for some time, leading some to believe it was suffering an outage.
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Gary Gensler’s SEC is playing a game, but not the one you think
Gensler has made a show of cracking down on crypto companies that haven’t engaged in actual misconduct. When real fraud is taking place, he’s nowhere to be seen.