Bankrupt crypto exchange FTX on Tuesday agreed to sell its crypto derivative platform LedgerX to an affiliate of Miami International Holdings INC at a whopping cost of $50M. John Ray, CEO of FTX said that this is their effort to maximize the recovery of their stakeholders by monetising their assets. Hearing on 4th of May The hearing for this matter …
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Bored Ape Yacht Club (BAYC), a leading non-fungible token (NFT) collection, has secured a major legal win over Jeremy Cahen and Ryder Ripps in a copyright and trademark infringement dispute. The US judge’s ruling supports NFT creators’ intellectual property rights and sets a precedent for future cases. Yuga Labs Takes Legal Action Against Copycats Yuga Labs, BAYC’s creator, initiated legal …
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TransUnion, one of the three major US credit reporting agencies, has announced that it will begin supplying credit scoring to public blockchain networks. This marks a significant step forward for the DeFi industry, which has traditionally struggled with credit scoring due to the difficulty of accessing off-chain credit data. Through a partnership with Spring Labs and Quadrata, TransUnion will deliver …
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Assets encapsulated in NFT form were one of the explosive points of the last bull market, but NFT assets have been slow to develop in the lending market, contrasting sharply with the rise of DEX and lending protocols in DeFi. The total amount of NFT loans is low, primarily due to the lack of efficient lending protocols that can match …
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Sotheby’s auction house has announced the relaunch of its digital art sale, “Glitch: Beyond Binary,” which is set to open for bidding on April 19. The auction, which was previously paused due to criticism over a lack of diversity, is an effort to represent people from all walks of life. The rebooted sale comes after Sotheby’s received backlash for its …
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Ark Fi has introduced a Progressive Web App (PWA) to broaden access to its ecosystem of decentralized finance (DeFi) solutions. The Ark Fi mobile app will allow users to experience DeFi in a more engaging format, providing worldwide access to DeFi yield products and future utilities. The app was introduced after a successful launch of a full suite of DeFi …
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Balancer, a popular DeFi liquidity protocol, is making significant changes to its brand strategy, which has resulted in a reduction of its operating budget and the layoff of two front-end engineers. During a community call attended by over 20 people, Balancer’s OpCo announced its decision to focus on improving its user interface and marketing efforts. As part of its overhaul, …
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The much-awaited Ethereum upgrade ‘Shapella’ goes live, bringing a range of new features to the blockchain network. The upgrade was implemented on April 13, 2023, at 22:42 UTC, and marks a significant milestone in Ethereum’s development. Shapella’s main goal is to improve Ethereum’s scalability and security, making it faster and more efficient to use. The upgrade will enable faster transaction …
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11 April 2023 / Press Release: Following its seed round financing in April 2022 and private round financing in May 2022, the well-known NFT lending platform AFKDAO has announced another significant move: it will soon enter the South Korean GameFi and NFT markets. With an open and composable approach, AFKDAO aims to provide full lifecycle liquidity solutions for South Korean …
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Ukraine has taken a unique step to raise funds to support its ongoing war with Russia by launching a collection of non-fungible tokens (NFTs). These NFTs represent the country’s struggle against Russian aggression and will be sold to raise funds for the Ukrainian armed forces. The move comes after President Volodymyr Zelensky signed the country’s first-ever NFTs to support its …
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