Coinbase Challenges Sec’s Judgment on Secondary Crypto Sales
Coinbase’s lawyers have asked a U.S. court to revoke a previous judgment by the SEC that labeled secondary crypto sales as security transactions. The exchange cited a case study to support its request. Coinbase, the largest crypto exchange in the U.S., is still locked in a legal battle with the Securities and Exchange Commission (SEC), […]
Cryptopunk 3100 Sells for $18M, Second-Highest Sale Ever
A rare alien CryptoPunk NFT sold for 4,500 ETH ($18M) on Monday, marking the second-highest on-chain sale for the collection. The buyer made a bid that the owner accepted, earning the previous owner a $9M profit. A CryptoPunk NFT, one of the most coveted digital collectibles in the crypto space, fetched a whopping 4,500 ETH […]
Binance Temporarily Suspends Solana Withdrawals
Due to an “increased volume of transactions,” Binance cryptocurrency exchange has temporarily suspended withdrawals to the Solana network. A Binance statement issued on March 6 states that the exchange anticipates resuming withdrawals on March 9 following the implementation of a solution. “Uniform suspensions of withdrawals on the Solana (SOL) network have been in effect since […]
Lending Platform Nexo Receives Preliminary License in Dubai
The Virtual Assets Regulatory Authority of the Emirates has granted preliminary approval to Nexo’s cryptocurrency lending platform’s Dubai subsidiary. The initial sanction for virtual asset lending and borrowing, management and investment, and broker-dealer services have been granted to Nexo Services FZE, according to an announcement published on March 5 and forwarded to Cointelegraph via email. […]
Bored Ape Yacht Club NFTs Lose Steam as Floor Price Plunges
Long-term holders of the Bored Ape Yacht Club (BAYC) NFT collection are selling their digital apes as the floor price drops to its lowest since August 2021. The Bored Ape Yacht Club (BAYC) NFT collection, which once boasted a floor price of $500,000, is facing a wave of selling pressure as the market sentiment turns […]