Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFT collection, has announced the sale of the intellectual property rights for two of its games. This move is part of Yuga Labs’ previously declared commitment to refocus its organizational efforts. Yuga Labs Hands Over Gaming IPs to Faraway In …
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FTX investors move to settle with SBF in exchange for information to go after celebrity boosters
by Sarah Wynnby Sarah Wynn–> A group of investors have agreed to settle their civil case against former FTX CEO Sam Bankman-Fried in exchange for his cooperation in their case against celebrities who promoted the platform. In documents filed on Friday, the investors asked a Miami court to approve a settlement and said Bankman-Fried …
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Binance executive Tigran Gambaryan remained entangled in a legal battle with Nigeria’s Economic and Financial Crimes Commission (EFCC) with his bail application hearing being postponed yet again. The Federal High Court in Abuja adjourned his case after the EFCC’s lawyer requested more time to respond to new issues Gambaryan’s defense …
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$5.55 Billion Crypto Liquidations in April: Financial Advisor Explains Lessons to Learn
by Bary Rahmaby Bary RahmaThis tumultuous period serves as a fertile ground for crucial insights and strategic adaptations in investment practices. Volatility Strikes Pre-Bitcoin Halving Rossmarie Davila, a seasoned crypto financial advisor, gave BeInCrypto insights into the best practices for navigating these turbulent times. When constructing an investment portfolio, she suggests having a clear …
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Crypto industry advocates are pushing back against a bill that could restrict stablecoin offerings in the U.S. The Lummis-Gillibrand Payment Stablecoin Act, introduced by Sens. Cynthia Lummis and Kirsten Gillibrand in the U.S. Senate on Wednesday, would require stablecoins to be backed by one-to-one cash or cash-equivalent reserves, effectively outlawing …
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The Internal Revenue Service released an early draft of a tax form for brokers and exchanges to report certain sales of digital assets, giving insight into how the IRS may categorize brokers. In the Form 1099-DA draft posted on Thursday, the IRS lists broker types: kiosk operator, digital asset payment …
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With the support of the market and investors, ADA can likely break out of the falling wedge and rise. Cardano Has Room for Growth Cardano’s price is currently in a downtrend, with various attempts at recovery failing in the past month. This is largely due to the broader market cues, …
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An inverse bitcoin ETF is a financial product that provides the opposite returns of its underlying asset, bitcoin. If the price of bitcoin falls, the value of the ETF will rise. How does an inverse spot bitcoin ETF work? An inverse bitcoin ETF uses derivatives to move in the opposite …