DraftKings Ends NFT Business Citing ‘Legal Developments’
DraftKings shuts down its NFT business following legal issues and a court ruling on an unregistered securities lawsuit. DraftKings, a sports betting platform, has promptly discontinued its nonfungible token business as a result of recent “legal developments.” DraftKings’ motion to dismiss a class action lawsuit in which it was alleged that the NFTs it issued […]
Brad Garlinghouse Criticizes SEC’s Confusing Regulations
Ripple CEO Brad Garlinghouse criticizes the SEC for hypocrisy in crypto regulations amid changes in the Binance lawsuit. Brad Garlinghouse, the CEO of Ripple, has criticized the US Securities and Exchange Commission (SEC) for its duplicity in its regulation of cryptocurrency. The comments were made in the context of the recent developments in the SEC’s […]
LayerZero Choosen as Default Interoperability Solution by Animoca Brands
Animoca Brands partners with LayerZero Labs, making LayerZero its default interoperability solution. Animoca Brands, a pioneer in digital property rights for gaming and the open metaverse, has established a multi-year strategic partnership with LayerZero Labs, the team responsible for the omnichain interoperability protocol LayerZero. As stipulated in the agreement, LayerZero will serve as the default […]
US National Debt Reaches $35 Trillion
The US national debt has hit a record $35 trillion, with an average monthly increase of $280 billion since 2020. The U.S. national debt surpassed $35 trillion this week for the first time. Additionally, the federal debt of the United States has increased by approximately $12 trillion since 2020. To provide context, the United States […]
Compound ‘Governance Attack’ Initiators Agree to Withdraw Proposal
The “Golden Boys” behind the Compound governance attack have agreed to withdraw their controversial proposal following community backlash. The individuals responsible for a recent “governance attack” on the lending and borrowing protocol, Compound Finance, have consented to withdraw their controversial proposal in favor of an alternative. Despite the opposition of the community, the proposal from […]