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SEC can collect unpaid ICO promotion fines from Steven Seagal, says judge

advertisement Actor Steven Seagal owes the U.S. Securities and Exchange Commission unpaid fines stemming from a settlement related to the promotion of an initial coin offering -- and a U.S. judge has empowered the agency to seek collection. According to Bloomberg, Seagal owes more than $200,000. As previously reported, Seagal settled with the agency after being accused of not disclosing payments related to his endorsement of the Bitcoiin ICO. As part of the deal, he was ordered to pay more than $300,000. Per the report, Seagal has paid the SEC

The Altcoin Evolution – Part IV: The Challenges – The Sales Pitch

With the ever-changing landscape of tech development and crypto innovation, regulation tends to lag behind in order to have time to react to what’s happening. Many altcoin projects are currently growing exponentially as they are exploring largely untouched use cases. As the tech continues to proliferate and expand, more and more “problems” are arising that require solutions.  This obviously provides more space for viable contenders to occupy in a crowded market. This provides a robust growth argument for many altcoins, but there is a catch. The giant growth gains are

Cuban government says it plans to regulate cryptocurrencies

advertisement Cuba is planning to regulate cryptocurrencies, according to a resolution published in its official national gazette on August 26th that was covered by the Associated Press and several other outlets.According to the text, the resolution aims to establish rules for regulating the use of virtual assets, as well as granting licenses to service providers dealing with said assets. It would allow the Bank of Cuba to authorize virtual assets and service providers “for reasons of socioeconomic interests.” In this case, virtual assets refer to the “digital representation of value”

Jack Dorsey says plan for ‘TBD’ bitcoin project is to build a decentralized exchange

advertisement Last month, Square CEO Jack Dorsey disclosed plans for a project called TBD that, at the time, would focus on the development of a platform for open-source financial services dedicated to bitcoin. That project has a clearer roadmap, according to Dorsey as well as Mike Brock, the CashApp exec put in charge of the initiative: a decentralized exchange. A decentralized exchange is a system for trading wherein no central party has custody or control of funds that pass through it.  We’ve determined @TDB54566975’s direction: help us build an open

The NFT Avatar Trend Is About Community

Have you heard? NFTs are hot again. The media (both crypto media and mainstream media) declared NFTs dead in June, citing data that showed sales volume had dropped precipitously at the largest NFT sites. But now the market for blockchain-based digital collectibles has come roaring back (along with the price of Ethereum), especially one segment of the NFT boom that probably looks particularly bizarre to skeptical onlookers: cartoon animal collections. Pudgy Penguins hit $11 million in daily sales volume. Bored Apes hit a floor (the cheapest price for one NFT)

Molecule Partners with VitaDAO and Nevermined Creating Pioneering Biopharma IP-to-NFT Transfer

[Press Release – Please see Disclaimer] Molecule, a decentralised biopharma marketplace, has developed a novel IP-to-NFT framework with Web3 technology innovator Nevermined. In a historic transaction, the first biopharma IPNFT was successfully transferred to research collective VitaDAO to fund novel longevity therapeutics at the University of Copenhagen. 18th August 2021, Basel, Switzerland — For the first time in history, NFTs are being used for a transfer of IP ownership in medical research. This unique milestone is a result of a partnership between biopharma IP marketplace Molecule, and VitaDAO, a decentralized

Chainlink (LINK) Continues Rally After Reclaiming Long-Term Support

In the previous weeks, Chainlink (LINK) reversed its downtrend and reclaimed the long-term support area near $24.10. If the altcoin maintains its strong momentum, it could see a strong upward move in the second half of August.Sponsored Sponsored LINK long-term movement Chainlink recorded the all-time high at $53 on May 10, 2021. Almost on the same day, a deeper correction in the crypto market began. LINK in a two-week period lost 72% of its value, measured to a low of $15 on May 23. It later tested this support area

Cardano v. other alts: This combination could fetch traders a higher RoI

Bitcoin has desperately been trying to climb above the $48k mark since 14 August, but has been unable to do so. In fact, the king coin was trading at $47.2k at the time of writing. Most of the market’s alts have also followed Bitcoin’s scepticism and managed to fetch only single-digit returns to their HODLers over the past day. However, a couple of alts from the top 35 list managed to fare better than the broader market. Terra’s (LUNA) value, for instance, has appreciated by 31.1% in the past 24-hours

XRP price chart ‘double bottom’ puts next bullish target at $1

Ripple's XRP token could hit $1 in the coming days, according to a classic technical chart setup.Dubbed a "double bottom," the trend reversal indicator appears after the price bottoms out at a level, rebounds toward a higher resistance level, and then pulls back to or near the first bottom level — only to rebound again to the previous resistance line (also called the "neckline").Should the price close above the neckline, an extended move upward is anticipated, the length of which equals the total height between the neckline and the bottom level. It

Cardano Founder Charles Hoskinson Calls For Mass Rally Against U.S. Crypto Taxation Bill

Charles Hoskinson, Cardano’s founder and CEO of blockchain research company Input Output Hong Kong (IOHK), has urged the U.S. crypto community to rally against the recently proposed taxation policy. Hoskinson first took it to Twitter earlier this week, calling on digital asset proponents in the U.S. to rally in Washington DC to vent their grievances against the bill. This would be a bid to convince the country’s senators to amend the Internal Revenue Services (IRS) reporting rules for cryptocurrencies. “I think it’s about time we get a rally going in

TRON Launches $300 Million Fund for GamiFi Projects

With the increasing interest in blockchain gaming, the popular blockchain platform, TRON, has recently announced the launch of a new $300 million fund dedicated to supporting GameFi projects. TRON Launches $300M Fund to Support Game Developers In a press release shared with CryptoPotato, TRON noted that the fund dubbed TRON Arcade was launched in collaboration with the leading NFT project, APENFT, and the DeFi project, WINKLink. TRON Arcade is geared toward supporting developers to create games using the play-to-earn mechanism, thus building a robust DeFi content and entertainment community in

DAO-led DeFi Hub NearPad Announces $2M Seed Raise 

[PRESS RELEASE – Please Read Disclaimer] NearPad, the DeFi hub on NEAR’s layer 2 protocol – Aurora, has announced the successful close of its $2m seed round. The raise was led by NGC with participation from leading backers in the blockchain space including NEAR Foundation, OWC, Ellipti, LD Capital, Flow Ventures, Genblock Capital, Exnetwork, and SuperNova Fund. NearPad has set its sight on jumpstarting ecosystem growth on Aurora through its DAO-centric protocol. “We’re excited to partner with NearPAD to help early teams fair launch,” says NEAR Foundation. “NearPAD brings the