Day: February 21, 2025

SEC concluding its probe into OpenSea, no securities charges against NFTs

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Key Takeaways The SEC is ending its investigation into OpenSea without filing securities charges. OpenSea had prepared a $5 million legal fund for potential SEC actions against NFT artists and developers. Share this article The US SEC is wrapping up its investigation into OpenSea, the leading marketplace for NFTs, and will not pursue any enforcement action claiming that NFTs are securities. According to a Friday report from Bloomberg, OpenSea received word from the SEC that its investigation is complete and no enforcement action will be taken. OpenSea’s co-founder and CEO…

Binance and Bitget transfer over 50K ETH to Bybit in sign of confidence

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Key Takeaways Binance and Bitget transferred over 50,000 ETH to support Bybit after a major security breach. The hack, attributed to the Lazarus Group, resulted in a theft of 401,346 ETH from Bybit. Share this article Binance and Bitget transferred over 50,000 ETH to Bybit’s cold wallets today following a security breach that resulted in the theft of 401,346 ETH ($1.46 billion) from the exchange. Binance and Bitget just deposited 50k+ ETH directly into Bybit’s cold wallets. Bitget’s deposits are especially interesting; its 1/4 of all of the exchange’s ETH!…

My Top 3 Takeaways From Fidelity And Voltage’s Recent Lightning Report

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Follow Frank on X. In a report released this Wednesday, Fidelity Digital Assets in collaboration with Lightning payment provider Voltage released a report on the state of the Lightning Network. The report details the many ways in which the Lightning Network has grown since its launch in 2018. It also illustrates how more businesses have begun incorporating Lightning in 2024 than any year prior, that larger channels are forming on the network and that more Lightning nodes are coming online. Source: The Lightning Network: Expanding Bitcoin Use Cases Some key…