Montenegro Court Denies Do Kwon’s Appeal, Upholds Verdict
A Montenegrin Higher Court in Podgorica, denied the appeal of Terra’s co-founder, Do Kwon, upholding the judgment of the Basic Court sentencing him and Han Chang-joon to four months in prison for passport forgery. Local news agencies reported on November 16 that the Higher Court in Podgorica, Montenegro, rejected the appeals of the Basic State […]
Congress Members Urge Financial Authorities to Invalidate SEC’s SAB 121
In a memo, US Congress members state that Federal banking agencies should not require financial institutions to provide the U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 (SAB 121). In response to a recent finding by the Government Accountability Office (GAO), several members of the United States Congress have authored a memorandum urging […]
BlackRock Applies to SEC for Spot Ether ETF
The world’s largest asset manager, BlackRock, has filed the S1 form with the United States Securities and Exchange Commission (SEC) for a spot Ether exchange-traded fund (ETF). The SEC-filed Form S-1 stated that the iShares Ethereum Trust, an Ether ETF, “aims to reflect the performance of the price of Ether generally.” BlackRock associates the iShares […]
Game Vendor G2A Launches Web3 games NFT Marketplace
Digital game vendor G2A has recently introduced a nonfungible tokens (NFTs) marketplace associated with Web3 games. The marketplace will help gamers find information on Web3 games buy and sell assets associated with the games. The objective of the newly established enterprise, which commenced operations on November 15, is to promote Web3 and NFT games curated […]
Superstate Raises $14M to Build Regulated On-Chain Funds
Superstate, an NYC-based blockchain-powered asset management firm, raised $14M in Series A funding to expand their team, launch private funds to institutional investors, and create a framework for compliant, tokenized, publicly registered investment funds. The firm announced that it has raised $14M in Series A funding, co-led by Distributed Global and CoinFund, two prominent crypto […]