A US judge has dismissed an investor lawsuit against Web3 company Yuga Labs, ruling that the case failed to show non-fungible tokens (NFTs) meet the legal definition of securities. Judge Fernando M. Olguin ruled the plaintiffs did not demonstrate how Bored Ape Yacht Club (BAYC), ApeCoin (APE) or other NFTs sold by Yuga satisfied the…
The digital asset market staged a significant recovery over the past week following the end-of-September slump. Investor interest began to return, driven by a newfound appetite for safe-haven assets due to the uncertainty caused by the US government’s first shutdown in six years. The growing demand for safe-haven assets may see Bitcoin (BTC) follow gold’s…
Consumer electronics giant Samsung has partnered with cryptocurrency exchange Coinbase in a deal that could bring easier access to cryptocurrency for more than one billion Galaxy smartphone users worldwide. In the first phase, about 75 million Galaxy users in the United States will gain access to Coinbase One, a subscription service that offers zero trading…
Wall Street’s growing interest in late-stage cryptocurrency firms could disrupt the traditional boom-and-bust cycle of digital assets, according to new research. Crypto financial services firm Matrixport said Friday that more than $200 billion worth of crypto companies are preparing initial public offerings (IPOs), which may raise between $30 billion and $45 billion in new capital….
Total funds lost to crypto hacks and exploits fell by almost 37% in the third quarter, as malicious actors shifted their approach from smart contract attacks to wallet-focused compromises and operational breaches. According to data from blockchain security firm CertiK shared with Cointelegraph, the initial losses dropped from $803 million in Q2 to $509 million…
BNB, the native token of the BNB Chain —a layer-1 blockchain created by crypto exchange Binance — has reached a new all-time high amid plans for upgrades and a broader market rally. The token reached $1,111.90 for the first time on Friday, after rising more than 7.4% in the last 24 hours and surging 17.5%…
Tether co-founder Reeve Collins expects “all currency” to become stablecoins by 2030 as part of a broader shift that will see all forms of finance go onchain. “All currency will be a stablecoin. So even fiat currency will be a stablecoin. It’ll just be called dollars, euros, or yen,” said Collins in a wide-ranging interview…
SWIFT — the Society for Worldwide Interbank Financial Telecommunication — will be building its recently announced blockchain payment settlement platform on Ethereum layer 2 Linea, Consensys CEO Joe Lubin has confirmed. On Monday, SWIFT revealed that it tapped Consensys and over 30 TradFi institutions to build infrastructure for a 24/7 real-time crypto payments system —…
The Unity gaming platform is quietly rolling out a fix for a vulnerability that allows third-party code to run in Android-based mobile games, which can potentially target mobile crypto wallets, according to two anonymous sources. The vulnerability affects projects dating back to 2017, according to the sources, who added that the vulnerability primarily affects Android,…
ETHZilla CEO McAndrew Rudisill has revealed he made the decision to go all in on Ethereum after seeing its potential in the nearly trillion-dollar global remittance market. Two months later, his formerly floundering biotechnology company is now the eighth-largest public Ethereum treasury in the world. “Ethereum is effectively a gateway for money supply globally to…