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2024-05-05

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Yuga Labs, the company behind Bored Ape Yacht Club NFTs, acquired CryptoPunks’ intellectual property from Watkinson and Hall in 2022, with the pair writing at the time that they weren’t well-suited to the “day-to-day management that these kinds of projects require and deserve.” The 2-Day Printing Extravaganza The Cheapest Ways to Buy Bitcoin: Coinbase Pro vs Swan ...Such advancements could dramatically alter NES gameplay by making it “composable, permissionless, and trustless.” At least according to the project’s lofty ambitions. Finally, Svanevik points to physical NFTs for collectibles and retail as a burgeoning development, aided by companies like IYK smoothing real-world logistics.

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Reserve's collateral options on Ethereum and Base include major stablecoins, ether and wrapped bitcoin, on their own or in yield-bearing form from protocols such as Compound, MakerDAO, Aave, Convex, Curve, Morpho and Flux Finance, the project said. NFL Alumni CEO Brad Edwards, a former safety who played nine NFL seasons from 1988-1996, told Decrypt that he views NFT collectibles as an evolution of athletes monetizing their memorabilia and traditional trading cards through selling them to fans. 12 Easy Ways To Make Money Fast With Crypto in 2023-Safe & SecureThe main benefits of the association are to: Following the July decision and the recent SEC appeal dismissal, XRP, a digital token used by blockchain payment company Ripple Labs, has seen increased interest. The decisions are significant, considering that they provided legal clarity on XRP securities status. However, many within the XRP community have expressed concerns about Ripple Labs hindering the token’s utility.

One of the friendliest European jurisdictions to crypto, Cyprus, might bring its industry regulation to tighter standards. According to an Oct. 10 report by the Cyprus Mail, the Cypriot Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering and Terrorist Financing Law. The ministry has presented its amendments package to the House of Representatives Standing Committee on Legal Affairs, Justice and Public Order. It seeks to align Cyprus with international standards for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) set by the Financial Action Task Force (FATF), as well as the recommendations of the Committee of Experts on the Evaluation of Anti-money Laundering Measures and the Financing of Terrorism (MONEYVAL) report published in November 2022.Related: Crypto adoption in Cyprus beefed up by Bybit license approvalUnder the amendments, every service provider working with crypto assets must register with the financial regulator, the Cyprus Securities and Exchange Commission (CySEC). In case of noncompliance, the penalties will vary from fines of up to €350,000 ($370,000) to imprisonment of up to five years or a combination of both. The amendments were reportedly met with some reservations from the Cyprus Bar Association, especially regarding the obligation for crypto service providers with acting licenses from other European countries to register with the CySEC. The provision was included in the amendments by the CySEC itself. Cointelegraph reached out to the Cypriot Ministry of Finance for further details but did not receive an immediate response. Crypto companies have reported no significant problems registering in Cyprus. In September, crypto-friendly brokerage firm eToro received a crypto asset service provider registration from the CySEC, following Bybit, which received the same license in June. However, the world’s largest crypto exchange, Binance, operating under heightening regulatory pressure in recent months, decided to deregister from the Cyprus market in July. The company said it wanted to focus on larger registered European Union markets.Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report Read more: Mutant Ape Planet NFTs creator arrested and charged with fraud over $2.9m exit scamAstrology NFT project ‘Lucky Star Currency’ rugged for over $1m - Certik Which crypto will make you rich in 2025?Rewards such as meeting current and former players are also gaining steam among token holders, Newman added. Among the most popular is an offering called LiveTheDream, which lets fan token holders play a match in their team’s stadium alongside club legends. Several issuers, including Grayscale Investments, filed for ether futures ETFs in May before halting such plans. Sources told Blockworks at the time that the SEC signaled it was not ready to approve such products.

Deposit/withdrawal limitsFeesPayment methodsRegional restrictions and regulationsReputationVerification requirements Magazine: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground reportCaroline Ellison's testimony expected to dominate the second week of SBF's trial How to Buy USDT: The Complete GuideSource; Getty ImagesDaniel C. Silva, former assistant US attorney and shareholder at law firm Buchalter, believes that Sam Bankman-Fried's defense might be setting the stage for a potential appeal if the disgraced crypto boss is found guilty. By focusing on minutiae, the defense could argue that they were deprived of sufficient time and opportunity to prepare an adequate defense, potentially calling into question the fairness of the trial."One of the things [the defense] may be doing is suggesting, ‘This thing moved at light-speed and we were not given a full opportunity to prepare for trial,'" Silva said. "'We need to ensure that we fully understand what every witness is saying because we didn't have an adequate opportunity to prepare [...] an adequate defense as required by the U.S. Constitution.'"Meanwhile, the defense's use of cross-examination to confirm facts and details of the prosecution's witnesses' testimony has drawn criticism from Judge Lewis Kaplan, who believes it is an inappropriate use of court time. With Bankman-Fried's trial expected to last six weeks, concerns arise about the trial's efficiency and the potential impact on the jury's attention.Legal experts weigh in on the situation, highlighting the need for Bankman-Fried's defense team to use their cross-examination time effectively. Judge Kaplan Interrupts Bankman-Fried's Lawyer For Repititive QuestioningDuring the cross-examination of FTX co-founder and former CTO Gary Wang, Bankman-Fried's lawyer, Christian Everdell, faced interruptions from Judge Kaplan when he persisted with repetitive questioning. Silva noted that while cross-examination is an opportunity for the defense to score points with the jury, employing a strategy of "death by 1,000 cuts" may not be effective. Judge Kaplan is likely to rein in the defense if he believes their questioning is not making meaningful points or if it wastes the jury's time.Prosecutors, acknowledging the slower-than-expected progress of the case, adjusted their witness lineup. Caroline Ellison, a key witness who had a previous relationship with Bankman-Fried and has pleaded guilty to crimes related to Alameda and FTX, will now be called upon after Wang. This change is intended to streamline the case and take advantage of the jurors' fresh memory of testimonies, according to legal experts.Last week, Wang testified in court, admitting that he and former FTX boss Sam Bankman-Fried committed wire fraud. He revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading platform.As the chief technical officer at FTX and a co-owner of Alameda Research, a cryptocurrency hedge fund founded by Wang and Bankman-Fried in 2017, Wang confessed to committing wire, securities, and commodities fraud. He disclosed that the duo illegally withdrew a staggering $8 billion from FTX funds through Alameda Research. Wang further claimed that Bankman-Fried directed these illicit actions.Layer 2 Networks Account For Nearly Two-Thirds of Ethereum Transactions: Report Axos Bank—the direct bank affiliate of Axos Financial, based in Las Vegas, Nevada—has maintained business relationships with a variety of individuals and entities who have drawn the scrutiny of regulators, prosecutors, and in some cases, the courts.


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