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Voyager Clients May Have A Reason To Rejoice… A Little

TL;DR: Voyager Digital, a bankrupt crypto lending firm, has been cleared by the U.S. Bankruptcy Court to repay approximately $1.33 billion to its creditors. Customers can expect an initial payment...
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Gala Games Burns Almost $637 Million From Its Own Reserves

TL;DR: Gala Games has burned almost 21 billion GALA tokens, valued at over $637 million, from its own reserves to address concerns of a potential token selloff. The burn aims...
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Ripple’s Defense Relying On A “Fair Notice” Argument

TL;DR: Ripple’s defense strategy relies on the ‘fair notice’ argument, claiming a lack of clarity from the SEC on cryptocurrency classification. Recent court rulings have challenged Ripple’s fair notice defense,...
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A Web3 Developer Platform Has Just Raised Over $7M In Pre-Seed Funding

TL:DR Airstack, a web3 developer platform, raises over $7 million in pre-seed funding led by Superscrypt, with Polygon as a prior investor. Airstack offers developers access to cross-chain data through...
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Will Coinbase Become The Dominant Crypto Leader?

TL:DR Coinbase, the US-based crypto exchange, delivers exceptional performance in a “transformational” quarter, surprising Wall Street. Industry experts believe Coinbase is executing its growth strategy effectively, with cost-cutting measures and...
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Ripple Secures A Victory Against The SEC

In the ongoing legal battle between Ripple and the SEC, Ripple has achieved a small victory by successfully opposing the SEC’s motion to seal the “Hinman Speech documents.” These internal...
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Avenged Sevenfold Frontman Believes In The Power Of NFTs

TL;DR: Avenged Sevenfold frontman M. Shadows recognizes the potential of integrating NFTs and crypto into gaming, citing the value of digital goods and their scarcity. He emphasizes that game quality...
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Too Many Scams Causes UK To Urge Crypto Be Classified As Gambling

TL;DR: The UK House of Commons Treasury Committee suggests regulating crypto trading as gambling, overseen by the Gambling Commission and guided by the Gambling Act 2005. This includes preventing problem...
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Ripple Acquires Metaco in $250 Million Deal

TL;DR: Ripple acquires Metaco, a digital asset custody company, in a $250 million deal. The acquisition allows Ripple to expand into the institutional crypto custody market and provide tokenization tools...
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Bancor Facing Lawsuit For Alleged Deceptive Practices

TL;DR: Bancor is facing a class-action lawsuit alleging deceptive practices and operating as an unregistered security. The lawsuit revolves around Bancor’s impermanent loss protection mechanism (ILP) and centralized operations. Plaintiffs...
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