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The SEC says LBRY sold unregistered securities. The U.S. Securities and Exchange Commission (SEC) is pursuing yet another case of a blockchain company allegedly selling unregistered securities. According to court documents filed Monday, peer-to-peer content distribution network LBRY is being accused of selling “millions of dollars worth of unregistered securities to investors” beginning in 2016. The securities regulator is seeking...
The difficulty underscores how even in a roaring bull market, crypto still struggles to gain widespread acceptance as a payment method. Tesla is not making it attractive to pay for a model S, 3, X or Y in bitcoin (BTC, +4.52%). This week, CEO Elon Musk announced via Twitter (where else?) that his upstart automaker had begun letting interested buyers...
Cryptocurrency exchange FTX is on the brink of securing naming rights to Miami Heat’s stadium until 2040. FTX has reached an agreement with Miami-Dade County on a 19-year partnership worth $135 million, to name Miami Heat’s home stadium the FTX Arena. The cryptocurrency derivatives exchange backed by Alameda Research, is set to become the first member of the crypto industry...
While Bitcoin is up 900% in the last 12 months, shares in the four largest publicly-traded mining firms are up 5,000% over the same period. Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months. Appearing on CNBC, Fundstrat’s vice president of digital asset strategy, Leeor Shimron, shared...
The Fed chairman spoke at a virtual payments conference hosted by the Basel Committee on Banking Supervision. Federal Reserve Chair Jerome Powell said Thursday central bank digital currencies (CBDCs) will need to coexist with cash. Speaking at a virtual payments conference hosted by the Basel Committee on Banking Supervision, Powell cited a report on CBDCs from the Bank for International...
As talk around NFTs heats up, the luxury house is teaming up with AR fashion platform Wanna to expand further in the digital product space. In collaboration with fashion-tech company Wanna, the Italian house is debuting a digital sneaker, available to purchase for $11.99 on its app or $8.99 on Wanna’s app. Designed by creative director Alessandro Michele, the sneaker...
An investor who purchased an NFT from popular digital artist Beeple for $969 initially hoped to double their investment within two years. The NFT is now worth $300,000. Edward Fairchild, one of the founders of LA-based cannabis company THC Design, revealed that he "stumbled" into buying an NFT from acclaimed digital artist "Beeple" that has since increased in value by...
Just when you thought NFTs couldn't get any crazier. A piece of digital artwork has sold for a mind-blowing $69.3 million at auction. Storied auction house Christie’s has wrapped its sale of “EVERYDAYS: THE FIRST 5000 DAYS” by crypto artist Beeple. The winning bid just after 10:00 a.m. ET for the non-fungible token (NFT) was a staggering $60.25 million. A...
Nine new job postings indicate Grayscale is considering joining the race to win the SEC’s first bitcoin ETF approval. Digital asset management firm Grayscale might be on the cusp of trying to launch a bitcoin exchange-traded fund (ETF), according to new job postings. The nine postings strongly suggest the New York-based firm is planning an ETF business. The listings are...
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