‘Major implications’ for gaming tokens as CyberKongz hit with SEC Wells notice
CyberKongz said it was first contacted by the SEC two years ago and had been “suffering in silence” ever since. Go to Source
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OpenSea Cayman Islands registration fuels token airdrop rumors
NFT community members hope the platform will reward its early users with a token airdrop. Go to Source
Brooklyn DA shutters 40 NFT scam sites after artist loses $135K
An investigation into the victim of an NFT scam led the Brooklyn District Attorney’s Virtual Currency Unit to discover and dismantle a network of fake NFT marketplace sites. Go to Source
Kraken winds down NFT marketplace
Starting Nov. 27, Kraken’s NFT marketplace will transition to withdrawal-only mode. Go to Source
OpenSea users drop securities suit after marketplace demands arbitration
The lawyer for two OpenSea users who accused the platform of selling them securities told Cointelegraph they “had no choice but to dismiss the pending case.” Go to Source
OpenSea promises comeback with new, improved platform
A newly revitalized OpenSea is coming soon, but details were thin. Go to Source
4 times key players in crypto were accused of insider trading
There have been some high-profile instances of insider trading at major exchanges that show a larger issue underneath. Go to Source
Puma partners with Web3 mobile game, Infinex NFTs top $40M sales: Nifty Newsletter
Footwear distributor Puma partnered with a Web3 game, integrating characters based on the brand into a sports mobile game. Go to Source
OpenSea users claim NFTs are securities in proposed class suit
A pair of OpenSea users claim the NFTs they bought on the platform “are worthless” because they the tokens are unregistered securities. Go to Source
SEC commissioners slam agency after $750K FlyFish Club NFT settlement
SEC commissioners Hester Peirce and Mark Uyeda didn’t believe any US securities laws were triggered and urged the commission to give NFT firms more room to experiment. Go to Source