Highlights A US judge dismissed a lawsuit against Yuga Labs, ruling NFTs are not securities. The court found no grounds that NFTs from the Bored Ape Yacht Club meet the Howey test criteria. This ruling reinforces the stance that many digital assets do not qualify as investment contracts under SEC...
Author: Riley Parker
Unlocking the World: Your Crypto Wallet as Your Digital Passport
Highlights: - Digital wallets are evolving into critical tools for identity verification, payment processing, and access to online services. - European Union regulations are pioneering the future of digital identity with decentralized frameworks enabling secure credential storage within wallets. - As wallet technology progresses, they serve as versatile passports, facilitating...
Unveiling DeFi’s Vulnerabilities: How the Balancer Exploit and Stream Contagion Shatter Confidence in Finance’s Foundation
Highlights: - Balancer suffers a critical decentralized finance (DeFi) hack, resulting in over $116 million losses due to suspected faulty smart contract controls. - Stream Finance faces a $93 million loss precipitating a wider crisis in DeFi, affecting liquidity and other protocols. - New initiatives emerge in the DeFi space,...
Balancer Faces Ongoing Exploit: Over $116 Million in Funds Withdrawn!
Highlights: - Balancer, a decentralized exchange, has faced a major exploit, with over $116 million worth of digital assets siphoned off to a new wallet. - The Balancer team is offering a 20% bounty for the safe return of the stolen funds, emphasizing a collaborative effort with forensic experts and...
A $230B Catastrophe Strikes: Fear Grips the Crypto Market Overnight!
Highlights The crypto market's Fear & Greed Index has plunged to levels not seen since April, indicating a shift to "fear" among investors. Over $230 billion was wiped from the crypto market in a single day, marking a significant downturn in major cryptocurrencies and assets. Memecoins, NFTs, and ETFs also...
