The UK Law Commission recently released a scoping paper addressing the legal characterization of Decentralized Autonomous Organizations (DAOs) in the country. DAOs are blockchain-based communities designed to achieve a common goal, such as funding start-ups or acquiring historical artifacts. Market experts believe that these organizations represent the future of corporate governance. However, the Commission highlighted
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The recent decision made by the US Securities and Exchange Commission (SEC) regarding the controversial Staff Accounting Bulletin No. 121 (SAB 121) has sent shockwaves through the financial industry. This proposal, which includes exceptions for certain institutions affected by SAB 121, is a game-changer for banks and brokerages involved in the crypto space. The SEC
Justin Sun, the founder of Tron, recently made headlines with a $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency. This new investment has sparked interest in the crypto community, especially considering Sun’s history with cryptocurrency investments. The timing of Sun’s investment in Ethereum coincides with the growing FOMO surrounding Spot Ethereum ETFs in
Born and raised in Edo State, Nigeria, I have always been surrounded by a supportive family who have been my pillars of strength throughout my life. Growing up with three siblings who served as my idols and mentors, I was able to navigate the complexities of life with their guidance. My parents, in particular, have
Soccerverse, a blockchain-based football management game, has recently announced a significant funding boost of £2.5 million ($3.1 million) led by game publisher Square Enix. With this latest investment, Soccerverse’s total funding has now reached $4 million, marking a pivotal moment for the game’s development and future. The investment from Square Enix, along with support from
Bitcoin’s price has experienced extreme fluctuations recently, reaching highs near $60,000 only to plummet by over $2,000 shortly after. This volatility can be attributed to a variety of factors, including the release of CPI numbers and market speculation. While Bitcoin has been taking center stage with its dramatic price movements, most altcoins have remained relatively
A recent prediction by a crypto analyst suggests that Ethereum (ETH) could potentially surge to new all-time highs around the $8,000 price mark. This ambitious forecast has sparked optimism among Ethereum investors and enthusiasts. However, it is essential to critically analyze the key conditions that need to be fulfilled for Ethereum to reach this target.
Railgun, a popular crypto privacy protocol, recently made headlines for successfully preventing Inferno Drainer from laundering stolen funds. A recent report by SlowMist’s anti-money laundering tracking system revealed that Railgun intercepted an attempt to launder over 174 ETH, valued at approximately $533,000. As a result, the perpetrators were forced to return the stolen ETH to
Judge Katherine Polk Failla recently criticized Coinbase’s attempts to subpoena SEC chair Gary Gensler in the SEC’s ongoing case against the firm. Failla expressed her concern over Coinbase’s request for Gensler’s statements before he became SEC chair in 2021, deeming the arguments put forth by Coinbase’s lawyer as “speculative” and lacking persuasiveness. Despite acknowledging Coinbase’s
The gaming industry is undergoing rapid evolution, driven by technological advancements and innovative strategies. Anomaly Games, a pioneering Web3 startup, has recently joined the Google for Startups Cloud Program, signaling a game-changer for the sector. This article will delve into the details of this strategic partnership, outlining the benefits it brings and the future prospects