NFT Marketplace giant OpenSea Revises Creator Royalty Fee Stance
OpenSea detailed a number of changes it has made to its own approach to NFT royalties. The marketplace said that it would delay the enforcement deadline for creator royalties.OpenSea, the…
FalconX Admits That 18% Of Its Funds Are Blocked on FTX
FalconX states that the 18% ratio fell within its “counterparty exposure limits.” FalconX indicated that it had no exposure to Genesis, Alameda, or BlockFi. FalconX, a cryptocurrency trading firm, announced…
Crypto.com Releases Proof of Reserves Attested by Mazars Group
It is now possible for consumers to confirm that their crypto assets are completely backed (1:1) on Crypto.com’s platform, which is trusted by more than 70 million clients worldwide and…
Lawsuit Filed Alleging Yuga Labs of Promoting BAYC NFTs With Celebs
A lawsuit was filed in the Central District of California of the United States District Court. It describes an extensive claimed plan, hatched by the elite of Hollywood. Celebrities like…
U.S FTC Opposes Activision Blizzard Acquisition by Microsoft
The FTC claims Microsoft would gain an unfair edge in the gaming sector. If the case prevails, it will slow down Microsoft’s expansion into the metaverse. A lawsuit to prevent…
Starbucks Launch Beta Version of Odyssey on Polygon
Starbucks has launched the beta version of Web3’s Odyssey Loyalty Program.Odyssey members can enjoy the web3 experience powered by the polygon.Starbucks has launched the beta test of its highly anticipated…
PayPal Launches Crypto Services in Luxembourg
In 2020, PayPal began offering cryptocurrency support in the United States. The firm is dedicated to collaborating closely with Luxembourg’s politicians and authorities. In what seems to be an effort…
Crypto Exchange Coinbase Advises Users To Convert USDT to USDC
Coinbase posted a blog encouraging people to convert their USDT to USDC at no cost. The exchange implicitly targeted Tether (USDT) for the adequacy of its reserves.Coinbase, a cryptocurrency exchange,…
U.S Binance Waves Off Trading Fee on Ethereum Pairs
Binance US mainly targets customers in the United States, as the name would imply. The removal of fees for Bitcoin and Ethereum solidifies Binance’s position.The “zero fee price model” offered…
U.S Fed Investigate Sam Bankman-Fried Over Terra Luna Collapse
Sam Bankman-Fried is being investigated by U.S. Federal prosecutors and SEC.Alameda Research may be more responsible for a significant portion of UST sell orders.An unexpected turn was revealed in Sam…