The Securities and Exchange Commission (SEC) has charged Los Angeles-based media company Impact Theory with offering and selling unregistered securities in the form of crypto asset tokens. Notably, this marks the SEC’s first lawsuit targeting an NFT offering. SEC Sues Impact Theory Over $30M in NFT Sales From October 2021 to December 2021, Impact Theory […]

Three U.S. representatives expressed concerns on Aug. 28 regarding stablecoin and crypto rules recently put forward by the Federal Reserve. Today’s objection was signed by three U.S. representatives: Patrick McHenry, Chairman of the House Financial Services Committee; French Hill, Chairman of the Committee on Financial Services Subcommittee on Digital Assets; and Bill Huizenga, Chairman of […]

India has yet again called for a global approach to crypto regulation during its G20 presidency.  During an interview with Business Today, the Prime Minister of India, Narendra Modi, again underscored the need for a global approach to regulating cryptocurrencies and digital assets.  India Maintains its View on a Global Crypto Regulatory Framework Ahead of […]

Georgetown, Cayman Islands, August 28th, 2023, Chainwire   Stargate, the leading omnichain liquidity layer, and native asset bridge with over $18 billion in lifetime transaction volume, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable Layer 1. This integration will expand the reach of Tether’s Cosmos-native USDt issued exclusively on the Kava Chain, to the […]

The S&P 500 is attempting a recovery, but Bitcoin and select altcoins are struggling to break above their respective resistance levels. Bitcoin is down about 11% in August, just shy of the 13.88% fall seen in the corresponding month in 2022, according to CoinGlass data. The picture does not look very bright for September, either. History […]

Impact Theory produces entertainment and educational podcasts and was “trying to build the next Disney” when it invited investors to purchase its NFTs. The United States Securities and Exchange Commission (SEC) has charged a media and entertainment company with conducting unregistered securities sales when it sold nonfungible tokens (NFTs) to investors between October and December […]

During the Rare Evo blockchain and cryptocurrency convention, Cardano’s founder Charles Hoskinson expressed his conviction that ADA will eventually become the “biggest cryptocurrency in the world.” Simultaneously, ADA’s value has plummeted 15.2% against the U.S. dollar over the last month, earning it the seventh-largest spot based on crypto market capitalizations. Cardano Poised to Outshine Bitcoin […]

The Securities and Exchange Commission (SEC) charged LA-based media and entertainment firm Impact Theory with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). According to an official press release by the SEC, the company raised approximately $30 million from hundreds of investors through their offering, violating federal securities laws. […]

The US recently revealed new tax reporting rules as Congress and regulatory authorities focus on crypto users who may not be paying tax on their crypto-related activities.  Reuters reports the US Treasury Department issued a proposed rule on Friday, under which crypto brokers, including exchange and payment processors, would have to register new information on […]

A Binance spokesperson reportedly said the global cryptocurrency exchange was considering all options in regard to Russia, “including a full exit.” Cryptocurrency exchange Binance may be considering withdrawing its services from Russia amid sanctions from countries including the United States. According to an Aug. 28 report from The Wall Street Journal, a Binance spokesperson said […]