Stoner Cats NFTs ‘fan crowdfunding’ not securities: SEC’s Peirce, Uyeda
The United States Securities and Exchange Commission (SEC) charging nonfungible token (NFT) project Stoner Cats sparked feedback from commissioners Hester Peirce and Mark Uyeda, arguing...
Coinbase CEO champions DeFi, calls for court action to set legal precedent
Coinbase CEO Brian Armstrong has expressed his endorsement of decentralized finance (DeFi) protocols. In a recent social media post, Armstrong urged the DeFi protocols to...
Californian lawmaker proposes legislation to protect actors from AI clones
A Californian lawmaker has introduced a bill to protect actors, artists, and entertainers from artificial intelligence, by mandating employment contracts to include informed consent when...
Toughen up. Mt. Gox’s ex-CEO only had a ‘little calculator’ to prepare for trial
Mark Karpelès, the former CEO of the collapsed exchange Mt. Gox, seems to have little in the way of sympathy for former FTX CEO Sam...
Coinbase confirms plans of integrating the Lightning Network
Coinbase says it will add support for the Bitcoin Lightning Network. Cathie Wood praises the crypto exchange for the decision. Coinbase shares are down nearly...
Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China
Alibaba announced that its proprietary large language model, an artificial intelligence system called Tongyi Qianwen, will be available for public and enterprise access throughout China...
Court approves sale of FTX digital assets
The Delaware bankruptcy court has approved the sale of FTX digital assets. Judge John Dorsey made the ruling at a hearing on Sept. 13. Major...
EU parliament votes overwhelmingly in support of DAC8 crypto tax reporting rule
Lawmakers in the European Parliament voted overwhelmingly in support of the eighth iteration of the Directive on Administrative Cooperation (DAC8), a cryptocurrency tax reporting rule,...
SEC charges company behind Stoner Cats NFT series with unregistered securities sale
Stoner Cats 2 LLC (SC2), the company behind the "Stoner Cats" animated series, has agreed to a cease-and-desist order and other measures imposed by the...
Stoner Cats NFTs creator charged by SEC, to pay $1M fine
SEC says Stoner Cats 2 LLC raised $8 million from investors by offering unregistered securities of NFTs. Stoner Cats will refund the money to investors...