The platform aims to onboard traditional artists and institutions to the blockchain while bringing museum-quality standards to Web3 art.
Author: Mattis Meichler
FTX Files $157 Million Lawsuit Against Ex-Employees of Hong Kong Affiliate
https://decrypt.co/198353/ftx-files-157-million-lawsuit-against-ex-employees-of-hong-kong-affiliate
The lawsuit alleges that four ex-staffers used their connections to pull their money out first when FTX’s stability was in question.
Stanford University to Return Over $5.5M in ‘Gifts’ from FTX
https://decrypt.co/197959/stanford-university-to-return-over-5-5m-in-gifts-from-ftx
Sam Bankman-Fried’s parents are accused of using their influence within FTX to channel millions of dollars to their employer, Stanford University.
Blockchain’s Unseen Backbone Securing Billions of Dollars in Value
https://decrypt.co/154993/blockchains-unseen-backbone-securing-billions-of-dollars-in-value
Chronicle Protocol aims to redefine the oracle space with Scribe, when it launches to the public this month.
SEC Accuses Binance US of ‘Numerous Discovery Failures’ in Court Filing
https://decrypt.co/197285/sec-accuses-binance-us-of-numerous-discovery-failures-in-court-filing
The regulator claimed that the exchange had produced just 220 documents during discovery, including “unintelligible screenshots.”
Coinbase CEO: DeFi Projects Should Take Regulators to Court to ‘Establish Precedent’
Brian Armstrong argued that the CFTC shouldn’t be taking action against DeFi protocols, and that the courts would likely “uphold rule of law.”
Judge Dismisses Sam Bankman-Fried’s Pretrial Jail Release Request
https://decrypt.co/156183/judge-dismisses-sam-bankman-frieds-pretrial-jail-release-request
Judge Lewis A. Kaplan explained that the FTX founder doesn’t have “a constitutional right to inspect every bit of discovery.”
Animoca Brands Raises $20M to Pursue ‘Single Native Web3 Project’ Mocaverse
https://decrypt.co/155770/animoca-brands-raises-20m-to-pursue-single-native-web3-project-mocaverse
A set of 8,888 NFTs will provide holders access to the company’s ecosystem and a chance to accumulate loyalty points.
Thodex CEO Gets 11,000-Year Jail Sentence Over $2B Crypto Exchange Collapse
https://decrypt.co/155522/thodex-ceo-gets-11000-year-jail-sentence-over-2b-crypto-exchange-collapse
Once the biggest crypto exchange in Turkey, Thodex collapsed in 2021, leaving 400,000 users without access to their crypto deposits.
Basketball Title Rumble Kong League and Stance Launch In-Game and IRL HyperSocks
The partnership will kick off with the launch of NFT HyperSocks by Stance, alongside IRL counterparts and an augmented reality filter.
Texas Paid Riot Platforms $31.7M to Slash Bitcoin Mining in August Heatwave
https://decrypt.co/155272/texas-paid-riot-platforms-31-7m-to-slash-bitcoin-mining-in-august-heatwave
The mining company reduced its energy demand by 95% during the August heatwave, receiving credits for the energy it would have consumed.
Global Crypto Wealth Study Reveals 6 Bitcoin Billionaires and 88,000 Crypto Millionaires
Henley & Partners’ Crypto Adoption Index tracks the sector’s new elite and the growth and potential of the digital economy.
Sorare Launches AR-Equipped 3D Digital Football Player Cards
https://decrypt.co/154975/sorare-launches-ar-equipped-3d-digital-football-player-cards
The launch of Sorare’s upgraded collectibles comes alongside a global scavenger hunt offering the winner a “once-in-a-lifetime” trip.
London Stock Exchange Group Plans Blockchain-Powered Digital Markets Business
The global financial markets infrastructure and data provider is planning an “end-to-end digital market ecosystem” powered by blockchain.
Fine Dining and Digital Art: Trevor Jones’ Castle Party Returns
https://decrypt.co/154592/fine-dining-digital-art-trevor-jones-castle-party-returns
A who’s who of the digital art world will gather just outside of Paris for a weekend to celebrate what Jones calls a “grand party.”
Judge Mulls Delaying Bankman-Fried’s Court Date Amidst Defense Pleas
https://decrypt.co/154425/judge-mulls-delaying-bankman-fried-court-date-amidst-defense-pleas
The defense for the disgraced crypto founder Sam Bankman-Fried has until September 7 to appeal for a trial postponement.
Bankman-Fried’s Legal Team Seeks ‘Temporary Release’ Ahead of October Trial
https://decrypt.co/153982/bankman-frieds-legal-team-seeks-temporary-release-ahead-october-trial
As Sam Bankman-Fried’s trial nears, his defense team argued that the disgraced CEO won’t be able to properly prepare whilst in prison.
Sam Bankman-Fried’s Lawyers Granted Unlimited Prison Visits
https://decrypt.co/153613/sam-bankman-frieds-lawyers-granted-unlimited-prison-visits
The legal team backing Bankman-Fried has emphasized the need for thorough preparation ahead of his first trial on October 3.
Germany Ramps Up AI Investments Amid Global Race for Innovation
https://decrypt.co/153592/germany-ramps-up-ai-investments-amid-global-race-for-innovation
The German government has significantly boosted AI research funding, signaling its ambition to remain a key player in the global tech arena.
Australian Central Bank Says Key Management Still a Challenge for Users in CBDC Pilot
“For end users of tokenized assets, which include stablecoins and the pilot CBDC, key management remains a practical challenge,” read the report.
Bankman-Fried Allowed Limited Hours Outside Jail for Legal Consultation
https://decrypt.co/153308/bankman-fried-allowed-limited-hours-outside-jail-legal-consultation
Bankman-Fried’s lawyers argued that he had “no hope” of reviewing the “voluminous discovery in this case” without being able to leave jail.
Securitize Acquires $40B Crypto Fund Manager Onramp Invest
https://decrypt.co/152794/securitize-acquires-40b-crypto-fund-manager-onramp-invest
The undisclosed acquisition means that RIAs from Onramp Invest will be able to turn to Securitize’s tokenization offering.
Ledger Adds PayPal as On-Ramp for Bitcoin, Ethereum Purchases
https://decrypt.co/152674/ledger-adds-paypal-on-ramp-bitcoin-ethereum-purchases
Ledger users can now buy crypto through the Ledger Live App using PayPal, with direct storage to their hardware wallet.
Coinbase Lands Regulatory Approval to Offer Crypto Futures Trading in US
https://decrypt.co/152657/coinbase-lands-regulatory-approval-to-offer-crypto-futures-in-us
The exchange has secured approvals from the NFA and CFTC to start offering regulated crypto futures trading for its customers.
Former FTX Exec Declines Testimony, Cites Fifth Amendment Rights
https://decrypt.co/152527/former-ftx-exec-declines-testimony-cites-fifth-amendment-rights
Co-CEO of FTX Digital Markets will invoke his constitutional right against self-incrimination, opting to remain silent throughout the trial.
Bolero ‘Song Shares’ Paints Bright Future for Future of NFT-fueled Music
https://decrypt.co/151977/bolero-song-shares-model-paints-bright-future-future-nft-fueled-music
Bolero Music’s blockchain-based model lets fans to invest in music, and gives them a fraction of a song’s master recording.
Coinbase Layer-2 Chain Base Taps Chainlink Ahead of Mainnet Launch
https://decrypt.co/151738/coinbase-layer-2-chain-base-taps-chainlink-ahead-mainnet-launch
Base is integrates Chainlink’s price feeds to simplify integrating popular DeFi applications on the new blockchain.
Borderless Art Comes to Life With Superchief’s Network of NFT Galleries
https://decrypt.co/151692/borderless-art-comes-life-with-superchiefs-network-nft-galleries
The founder of Superchief Gallery is on a mission to connect a global network of 50 physical NFT galleries. First up? IHAM Gallery in Paris.
Room-Temperature Superconductor Race Shines Light on Crypto’s ‘DeSci’ Movement
https://decrypt.co/151300/room-temperature-superconductor-race-shines-light-crypto-desci-movement
As the world races towards validating LK-99, the crypto community, specifically DeSci, is up to another experiment all together.
Revolut to Shutter US Crypto Operations Due to ‘Regulatory Environment’
https://decrypt.co/151272/revolut-shutter-us-crypto-operations-due-regulatory-environment
From September 2, Revolut will suspend its cryptocurrency services in the U.S., with complete access disabled from October 3.