In a significant development within the decentralized AI and cryptocurrency sector, three leading AI-focused crypto projects – SingularityNET, Fetch.ai, and Ocean Protocol – are currently in discussions about a potential merger of their tokens into a unified digital currency known as ASI token. This move could mark a pivotal moment for the AI blockchain industry,
Ethereum at a Crossroads: SEC Scrutiny, ETF Deadlines, and BlackRock’s Tokenization Push
The U.S. Securities and Exchange Commission (SEC) has initiated an important legal effort aimed at classifying Ethereum, one of the leading cryptocurrencies, as a security. This move, which began around March 20, 2024, signals a potentially transformative period for both Ethereum and the broader digital currency landscape.
Is Ethereum a Security?
The SEC’s contemplation
Wyoming Adopts New Legal Structure for DAOs
The legislation allows decentralized autonomous organizations to gain legal entity status and operate within the bounds of applicable law.
By Jenny Cieplak, Stephen P. Wink, Daphne Lambadariou, and Deric Behar
On March 7, 2024, Wyoming Governor Mark Gordon signed into law a new legal framework for decentralized autonomous organizations (DAOs), allowing them
Book of Meme (BOME) Hits $2 Billion Market Cap in Just Two Days
In a stunning display of market dynamism and investor enthusiasm, the BOOK OF MEME (BOME) token, crafted by the artist darkfarms on X, surged to a $2 billion market cap just two days following its launch. This achievement not only highlights the successful launch of BOME but also marks it as a pivotal player
Magic Eden Launches Diamond Rewards Program for Ethereum OG’s
Magic Eden, a key player in the NFT marketplace, has rolled out an innovative rewards program aimed at enriching the NFT trading and collecting journey for its users across several blockchain networks. This ambitious initiative started with Solana on January 23, 2024, and made its way to Ethereum on March 13, 2024, highlighting Magic
Enforceable Terms and Arbitration Provisions Important for Providers in Current Crypto Cyberthreat Environment
According to a recent Bloomberg Law article [subscription required], in the past year there has been a sharp decline in active civil suits against cryptocurrency exchanges, digital wallet, mobile phone providers and others involving claims related to crypto hacking incidents or cybertheft, due, in part, to increased security protocols and concerted electronic contracting legal strategies
Ethereum Dencun Upgrade Complete: A Leap Towards Affordability and Efficiency
The Ethereum blockchain has taken a monumental step forward with the successful implementation of the Dencun upgrade (aka EIP-4844) as of March 13th. This significant development marks a new era for Ethereum, focusing on reducing costs for layer-2 transactions and bolstering data availability. By introducing “proto-danksharding,” Ethereum aims to revolutionize the blockchain landscape by
Eclipse Labs Garners $50 Million in Funding to Pioneer Ethereum’s Next-Gen Layer-2 Solution
Eclipse Labs, a forefront software firm in blockchain innovation, has achieved a groundbreaking milestone by securing $50 million in Series A funding. Co-led by Placeholder and Hack VC, this funding round brings the total capital raised by the company to $65 million.
The funds are dedicated to advancing Eclipse, an Ethereum layer-2 solution designed
OFAC, BIS and DOJ Issue Guidance for Foreign Companies to Comply with US Sanctions and Export Control Laws
US Department of the Treasury’s Office of Foreign Assets Control (OFAC), the US Department of Commerce’s (Commerce) Bureau of Industry and Security (BIS) and the US Department of Justice (DOJ), collectively issued guidance regarding the obligations of non-US based companies and persons to comply with US sanctions (Tri-Seal Compliance Note: Obligations of foreign-based persons to comply with US sanctions and export control laws) (Compliance Note).
Coinbase Stock Skyrockets, Surpassing Initial Public Offering Price Amid Bitcoin Surge
Coinbase has seen its stock price shoot up, crossing a significant milestone by going over $250 for the first time in two years. This is a big deal because it means the company’s stock is now trading higher than the price it was set at when it first became a publicly-traded company back in 2021.