Cointelegraph.com News

• SEC is killing innovation in United States - 1inch co-founder
  American-based Web3 companies and cryptocurrency exchanges could be pushed to move offshore following enforcement actions against Coinbase and Binance.US. The United States could run the risk of an exodus of major Web3 and cryptocurrency service providers as the Securities and Exchange Commission (SEC) takes action against Coinbase and Binance.Sergej Kunz, co-founder of decentralized finance (DeFi) protocol 1inch Network, […]
• NFT platform Enjin forks Polkadot parachain Efinity to new mainnet
  Enjin chief technology officer Witek Radomski said the new blockchain aims to promote creativity by facilitating the easy and affordable creation and distribution of NFTs. Nonfungible token (NFT) platform Enjin has announced its transition to a new mainnet called Enjin Blockchain, aiming to further Web3 adoption. Following the transition, its Polkadot parachain called Efinity has […]
• Polygon Labs president testifies on democratizing the internet with Web3, blockchains
  The U.S. House Committee explores blockchain and Web3’s future as industry leaders testify on democratizing the internet and regulatory challenges. The United States House of Representatives Energy and Commerce Committee’s Subcommittee on Innovation, Data and Commerce gathered to discuss blockchain technology and the future of Web3 on June 7. Crypto industry members, including Polygon Labs president […]
• US federal court dismisses lawsuit against DeFi platform PoolTogether
  The DeFi community funded the protocol’s legal defense through a $1.4 million nonfungible token sale in 2022. A United States judge recently dismissed a lawsuit against the decentralized finance (DeFi) platform PoolTogether. According to the ruling, the federal court system is not the correct place to air concerns against the DeFi startup. CASE DISMISSED!!!! https://t.co/HDApQZe3Sx pic.twitter.com/SjcDnMnLIV— […]
• EU watchdog targets crypto ads on Instagram, YouTube, TikTok, Twitter
  The largest European consumer rights group alleges crypto marketers on popular social networks use misleading promotion, exposing consumers to serious harm. On June 8, the European Consumer Organisation (BEUC) — an umbrella group for 46 independent consumer organizations from 32 countries — published a report titled: “Hype or harm? The Great Social Media Crypto Con.“ In […]
• GameStop fires CEO Matt Furlong months after axing crypto push
  The executive, once instrumental to the company’s NFT efforts, was “terminated” amid lackluster Q1 earnings. GameStop has fired its CEO Matt Furlong, the executive responsible for launching the company’s push into nonfungible tokens (NFTs).According to a June 7 statement, Furlong was terminated, while Ryan Cohen — a billionaire investor held in high esteem by memestock […]
• Meet the judges that will preside over Coinbase and Binance’s SEC lawsuits
  One judge has ruled on a key crypto case of late, while the other has ruled on high-profile political cases in the United States in recent times. Court filings have revealed the names of the two United States District Court Judges that will preside over the Coinbase and Binance lawsuits brought against them by the […]