Author: Digicoinvision
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 three conditions of the Howey test, a standard used by the Securities and Exchange Commission (SEC) to determine whether a transaction qualifies as an investment contract. The lawsuit was originally filed in 2022.Yuba Labs marketed its NFTs as digital collectibles with membership perks to an exclusive…
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 three conditions of the Howey test, a standard used by the Securities and Exchange Commission (SEC) to determine whether a transaction qualifies as an investment contract. The lawsuit was originally filed in 2022.Yuba Labs marketed its NFTs as digital collectibles with membership perks to an exclusive…
Bitcoin miner CleanSpark ended September with 13,011 BTC in its treasury after reporting year-over-year gains in efficiency and output.The company said monthly production rose 27% from September 2024, with 629 Bitcoin (BTC) mined, and sold 445 BTC for roughly $48.7 million at an average price of $109,568. In its Friday update, CleanSpark said that fleet efficiency improved 26% year over year, while its average operating hashrate for the month was 45.6 EH/s.CleanSpark has been selling part of its monthly Bitcoin production since April as part of a push to become financially self-sufficient. It also opened an institutional Bitcoin trading desk…
The Ethereum Foundation will sell 1,000 ETH and use the funds to support initiatives such as research, grants, and donations. Summary Ethereum Foundation plans to convert 1,000 ETH into stablecoins via CoWSwap. The non-profit entity, which supports the Ethereum ecosystem’s development, will use the funds on research and development, grants and donations. EF also announced the conversion of 10,000 ETH into stablecoins for the same reasons in early September. The Ethereum Foundation revealed this via a post on X, noting that it will convert the 1,000 Ether into stablecoins. As has happened before, the foundation, a non-profit that supports the…
Key Takeaways What’s Cardano’s current price outlook? Cardano is trading inside a range, with the price failing to break and stay above the $1 zone a couple of times. What metrics are influencing the structure? A mix of whale accumulation, cooling volume, seller dominance, and liquidity was behind the outlook. Cardano [ADA] has been slowly recovering after a fall that followed its surge to $0.95 in the past week. The sentiment in the crypto markets seems to be shifting, with the altcoin still trading under the $0.90 threshold, according to CoinMarketCap data. The price action is confined within a massive range…
Stablecoin market capitalization has surpassed $300 billion for the first time, led by Tether and USDC, with Ethena’s yield-bearing USDe as the third-largest player. The milestone highlights both crypto’s growing liquidity base and shifting competitive dynamics. USDT and USDC Dominate as USDe Gains Ground in Stablecoin Market The total value of stablecoins in circulation has […]
Join Our Telegram channel to stay up to date on breaking news coverage Tether co-founder Reeve Collins says “all currency” will become stablecoins by 2030 as traditional finance begins to move on-chain. “All currency will be a stablecoin,” he said during an interview at the Token2049 conference in singapore. “So even fiat currency will be a stablecoin,” he added. “It’ll just be called dollars, euros, or yen.” Benefits Of Tokenization Are Too Compelling For TradFi To Ignore Collins argued that stablecoins will become the transaction method of choice for anyone who wants to send money within the next five years. …
The commission in charge of investigating the Libra incident failed to get hold of the testimonies of several government officials. Karina Milei, the sister of President Milei and General Secretary of the Presidency, has been summoned to testify before the commission but has failed to appear twice. Libra Probe Faces Headwinds: Argentine Officials Fail to […]
Most top crypto assets are judged by their price swings rather than their proven progress. Ethereum is still facing delays in upgrades, with scaling goals further away. Meanwhile, XRP is forming a triangle pattern near $2.88, with analysts predicting a potential breakout toward $4.20 based on the XRP price pattern. Ethereum (ETH) technical analysis highlights congestion, costly fees, and resistance between $4,220 and $4,370. Charts keep traders busy, but long-term holders are asking who is actually delivering infrastructure. That’s where BlockDAG (BDAG) takes the lead. Its Awakening Testnet is live, offering scalability today with ready-to-use tools, developer support, and transaction…