Two users of the prominent non-fungible token (NFT) marketplace OpenSea have filed a class-action lawsuit in a U.S. federal court, accusing the platform of selling unregistered securities contracts. The plaintiffs, Anthony Shnayderman and Itai Bronshtein, initiated the suit on September ...
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Central Bank Digital Currencies (CBDCs) face a “chicken-and-egg” problem, says the International Monetary Fund (IMF), where consumer adoption depends heavily on merchant participation, and vice versa. The phrase “chicken-and-egg” is a metaphor used to describe a situation where two interdependent ...
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Crypto markets maintained last week’s gains over the weekend following the Federal Reserve’s 0.5% interest rate cut. This week features reports on consumer sentiment, gross domestic product, and more inflation data. “Expect more volatility and larger swings as markets shift ...
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Canada has reportedly paused its Central Bank Digital Currency (CBDC) project, which began in 2017. According to a September 18 CBC news story, after years of researching the potential for a digital version of the Canadian dollar, the local central ...
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U.S. spot Bitcoin exchange-traded funds (ETFs) saw a surge in investor interest on Friday, recording $92 million in net inflows despite a market downturn. The week also witnessed nearly $400 million in total inflows across these funds, according to data ...
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While several central banks worldwide are actively exploring the feasibility of launching a Central Bank Digital Currency (CBDC), a recent survey has revealed that cash will not be going away anytime soon, as a majority of consumers are not enthusiastic ...
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Summary Santiment ranked Oasis Network (ROSE) as the top AI cryptocurrency in development activity. Despite its 80% price rally over the past month, Artificial Superintelligence Alliance (FET) did not make the list. The Leaderboard Artificial Intelligence (AI) cryptocurrencies have been ...
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After an eventful and highly volatile trading week, bitcoin’s price movements calmed during the weekend, and the asset sits quietly at $63,000. Most altcoins have also stalled on a daily scale, but the weekly timeframe shows some impressive gainers from ...
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Summary Pi Network has extended its KYC and mainnet migration deadlines to November 30 and December 31, 2024, respectively, frustrating users who suspect further delays in launching the mainnet. Despite community skepticism, the Pi Core Team announced that the mainnet ...
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Global crypto exchange Bitget has announced a multi-million dollar partnership with the iconic Spanish football league La Liga. The company revealed the collaboration, which makes it La Liga’s official crypto partner, at the recently concluded Token 2049 event in Singapore. ...
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