Crypto: The Game Possible Contender for Emmy Award
Uniswap Labs’ recently acquired Crypto: The Game (CTG)may be a contender for an Emmy Award in the Outstanding Emerging Media Program category. Based on the format of a television reality show, the game pits ten “tribes” of 80 players against one another as they endeavor to endure daily “immunity challenges,” including arcade games and an […]
Gemini, New York AG Office Reach $50M Settlement
In the case involving Gemini and the New York Attorney General’s office over the former’s earn program, both parties have reached a $50 million settlement. Gemini’s Earn program investors will receive over $50 million in compensation from the New York Attorney General’s office. New York Attorney General Letitia James announced in a June 14 notice […]
Ripple Argues for Civil Penalty, Invokes SEC v. Terraform case
Ripple has requested that a court consider an “appropriate” civil penalty in their lawsuit against the United States Securities and Exchange Commission (SEC). In a June 13 filing in the U.S. District Court for the Southern District of New York, Ripple’s legal team submitted a notice of supplemental authority that alleged the “unreasonableness” of the […]
Turkey Introduces 0.03% Tax on Crypto Transaction
Turkey will implement a 0.03% transaction tax on crypto trading, which aims to rectify the budget deficit brought about by the earthquakes of 2023. Bloomberg reported that the proposed changes could result in a substantial windfall for those facing challenging economic conditions through a transaction tax on crypto trading. “The ministry is considering a 0.03% […]
ZkSync Token Airdrop Faces Backlash from Industry Observers
Crypto industry observers have expressed dissatisfaction with zkSync’s airdrop, alleging that it failed to implement anti-Sybil measures and had an unjust distribution. “From what I can observe, there is virtually no Sybil filtering,” Gupta concluded. “Anyone aware of the criteria could have easily exploited it.” That day, zkSync announced that 695,232 wallets could claim its […]