CryptoBlog n.2128
Digital asset company Paxos received approval from Singapore to offer digital payment token services, enabling it to issue stablecoins.
CryptoBlog n.2127
🖼 ZachXBT Reports BAYC & Beanz NFT Worth Over $235k Hacked A recent report by blockchain investigator ZachXBT shows that one NFT user lost 6 Bored Ape Yacht Club (BAYC) and 40 Beanz Non-Fungible Tokens (NFTs). At the time of this writing, no official investigations have been channeled to recover the drained NFTs. BAYC and Beanz are some of the most popular NFT collections in crypto. BAYC ushered in the NFT mania with the likes of Justin Bieber pouring $1.3 million into one Ape.
CryptoBlog n.2126
Binance announced that as a part of its compliance in Turkey, it will: ⚫ Turn off Turkish language option within three months ⚫ Halt all direct marketing activities for Turkish users
CryptoBlog n.2125
🖼 US Courts to Decide If NFTs Are Securities as DraftKings Case Goes to Trial A U.S. District Court judge in Massachusetts has denied DraftKings' motion to dismiss a class action lawsuit alleging its NFTs are unregistered securities, potentially setting the stage for a landmark trial that could reshape the NFT landscape. The case, Dufoe v. DraftKings Inc., which was filed in March 2023, claims that DraftKings' sports-themed NFTs on the Polygon blockchain meet the criteria of the Howey test, potentially classifying them as securities. Now, a new court filing indicates that the case is moving forward under Judge Denise Jefferson Casper.