NBA NFTs Aren’t Securities – Dapper Labs CEO
Following an investor’s 2021 lawsuit against Dapper Labs, the company reached an agreement of $4M and reaffirmed that its NBA NFTs are not securities. Dapper Labs’ CEO Roham Gharegozlou reaffirms that NBA Top Shot nonfungible tokens (NFTs) are not securities through a $4 million settlement agreement to terminate a class-action lawsuit against the company. According […]
Court Relieves Block Earner from Penalty in Crypto Yield Lawsuit
The federal court in Australia has absolved the fintech company Block Earner from any financial penalty in the local financial regulator’s lawsuit over unlicensed crypto yield-bearing products. Block Earner “acted honestly,” according to a June 4 ruling by Justice Ian Jackman. When its yield-bearing “Earner” product debuted, the company did contemplate obtaining a license, but […]
Galaxy Digital Secure Loan Using Historic Violin NFT
Co-founder of Animoca Brands and Galaxy Digital, Yat Siu, has tokenized a 1708 Stradivarius violin to secure a loan worth millions of dollars. Siu reportedly loaned Galaxy an undisclosed sum of money on June 4, collateralizing the loan with the 316-year-old violin that Siu possessed. The digital assets company converted the violin into a nonfungible […]
Deutsche Bank, Bitpanda Partner for Real-time Crypto Payments
Deutsche Bank and cryptocurrency trading platform Bitpanda have partnered to allow German crypto traders to conduct incoming and outgoing transactions in real-time. The collaboration bolsters transaction security and efficiency, thereby furnishing Bitpanda’s users in Germany with substantial liquidity. The collaboration between Bitpanda and Deutsche Bank will grant the cryptocurrency trading platform access to German International […]
Law Firms Amass Wealth from High-profile Crypto Bankruptcies
Prominent law firms Sullivan and Cromwell and Kirkland and Ellis have accumulated fees exceeding $700 million from noteworthy cryptocurrency bankruptcy cases. Sam Bankman-Fried’s FTX Trading Ltd, Genesis Global Capital, BlockFi, Celsius, and Voyager Digital are notable entities that have declared bankruptcy in recent years. These high-profile bankruptcy cases have become a lucrative opportunity for Sullivan […]