Law Decoded: Crypto retirement plans get hot with Warren and Lummis making their moves, May 2–9, 2022

Last week was marked by reinvigorated discussion on crypto 401(k) among high-profile US policymakers. Retirement plans still largely remain at the periphery of both crypto adoption and the regulatory discussion.

New crypto litigation tracker highlights 300 cases from SafeMoon to Pepe the Frog

The SEC, CFTC and DOJ have seven cases either resolved or ongoing this year, with the litigation against husband-wife duo Ilya Lichtenstein and Heather Morgan being the most high profile.

Elon Musk swaps Twitter avatar for a horde of Bored Apes, BAYC floor price surges 10 ETH

The development has caused a stir in the NFT community, with some saying Elon Musk made a collage of bored apes on his avatar to troll NFT owners. Fresh from bidding to Purchase Twitter, Elon Musk, the billionaire CEO and founder of Tesla, sparked a stir on the social media this morning when he changed his profile photo to a collage picture featuring multiple Bored Apes nonfungible tokens (NFTs).Musk's Twitter avatar as of Wednesday shows a picture featuring a collection of Bored Apes with Ape 5809 stacked in the middle.

Elon Musk Changes Twitter Profile Pic to Bored Ape NFT Collage, Calls It 'Kinda Fungible'

Musk appears to be trolling the idea of NFTs.

APE Soars 20% in an Hour as Elon Musk Puts a Bored Ape as Twitter PFP

APE coin soared by 20% in minutes after Elon Musk put a Bored Ape as his Twitter profile picture.

DeFi service platform BXH announces relaunch & business transformation

Following an intensive 6-month period after a high-profile theft, BXH (DeFI) Decentralize Finance Service Platform is now able to move beyond the focus of investigations, cooperating with security ageThe post DeFi service platform BXH announces relaunch & business transformation appeared first on AMBCrypto.

Kevin Rose’s Moonbirds Ethereum NFT Launch Generates $280M in Two Days

The PROOF Collective’s NFT drop puts up head-turning numbers as the profile picture project finds a ravenous audience.

Decoding how PFP NFTs have become latest rage as market value crosses $10B

Since the onset of social media, profile pictures have been key in defining our identities.

Solana NFTs Now Heading to Rarible Following OpenSea Debut

Rarible expands its multi-chain approach even further while launching a custom marketplace for profile-picture NFT project Degenerate Ape Academy.

Here’s how OpenSea NFT hacks hurt owners, buyers and even entire collections

Anyone can become the victim of a malicious NFT hack, so what more could OpenSea do to protect its users? The non-fungible token (NFT) market has been booming since the summer of 2021 and as NFT prices were sky-rocketing, the number of hacks targeting NFTs were also increasing. The most recent high-profile hack siphoned approximately 600 Ether worth of NFTs from Arthur0x, the founder of DeFiance Capital, and they were sold off on OpenSea.A 2022 Crypto Crime Report published by Chainalysis highlighted that the value sent to NFT marketplaces by illicit addresses jumped significantly in 2021, topping out at just under $1.4 million.

A $500,000 Twitter Profile Picture

A twitter account has just posted a profile picture worth USD 500,000.

Opulous (OPUL) price soars after DeFi staking announcement, S-NFT sale and CEX listings

OPUL price rallied 175% off its bottom after the project announced DeFi staking, CEX listings and upcoming S-NFT sales. Non-profile picture (PFP) NFTs had been cooling down over the past few months but now that Bitcoin and Ethereum have turned bullish again, altcoins and NFT-focused tokens are beginning to follow.Music NFTs are one sector of the ecosystem that is showing bullish signs this week, and Opulous (OPUL) protocol was the breakout star of the day.

Man Utd Star Phil Jones Unveils Exclusive Metaverse Members Club

Manchester United defender Phil Jones has become the latest high-profile sportsperson to enter the metaverse.

MBA NFTs giving back to artists and music lovers

For too long, the music industry has been dominated by large-scale, high-profile music labels, who exploit artists and give little back to the devoted fans in the music community.  Music Bear AwarThe post MBA NFTs giving back to artists and music lovers appeared first on AMBCrypto.

Solana [SOL]: Is its 34.5% rally enough to fend off possible flippening with LUNA

As another week draws to a close, it's time to look beyond the one-day surges to identify the project which saw a sustained, high-profile rally over the last seven days.

Axie Infinity Delays Origin Game Launch Due to Ronin Hack

Axie Infinity has postponed the launch of its much-anticipated play-to-earn game - Origin - to April 7th citing the high-profile security breach on Ronin.

Cudos Grows Globally with Highest Profile Listing to Date on Huobi

[PRESS RELEASE – Please Read Disclaimer] Cudos, the United Kingdom-based decentralized cloud and computation network, has announced that its token CUDOS will list on Huobi Global, one of the world’s largest cryptocurrency exchanges.

Cudos grows globally with highest profile listing to date on Huobi

Cudos, the United Kingdom-based decentralized cloud and computation network, has announced that its token CUDOS will list on Huobi Global, one of the world’s largest cryptocurrency exchanges.

Cool Cats Ethereum NFT Project Signs With CAA for Media, Licensing Push

We could see Cool Cats cartoons, merch, and events after the profile picture project nets a major Hollywood agency.

Bottomed out? MINA rises 75% nine days after hitting its worst level to date

A $92 million token sale round, Coinbase listing, and an overall crypto market rebound boosted MINA's massive upside move. MINA, a utility token backed by a "lightweight" smart contracts platform of the same name, continued its upside move nine days after rebounding from $1.58, its lowest level to date.The coin rallied by about 75% to reach $2.75 as of March 24 as traders weighed a high-profile funding rounds involving the sale of $92 million worth of MINA tokens to Three Arrows Capital, FTX Ventures, and other venture capitalists.MINA/USD daily price chart featuring its correlation with Bitcoin.

Stargate Finance attracts $1.9B in six days

Cross-chain protocol Stargate Finance has generated over $1.9 billion TVL in just six days following an Alameda Research buying spree. Stargate Finance, a cross-chain protocol designed to assist users in transferring assets between different blockchains, has accrued over $1.9 billion in total value locked (TVL) in less than a week after launching.Stargate markets itself as a liquidity transport protocol that allows users to transact native assets cross-chain, offering decentralized finance (DeFi) users the option of staking stablecoins in pools where they are paid out in the native Stargate token (STG).The rapidly growing TVL is probably down to the "up to 26% APY" being offered farming stablecoin deposits.By attracting nearly $2 billion in TVL at the time of writing, Stargate has cemented itself as one of the top 10 DeFi projects, according to comparative data from DeFi Pulse.Stargate has a high-profile supporter in quantitative crypto trading firm Alameda Research CEO Sam Trabucco.In a Twitter thread to his 150,000 followers, Trabucco announced that Alameda Research had purchased all available Stargate tokens (STG) that were auctioned off during Stargate’s launch on March 17.

Twitter Launches Verified NFT Profile Pictures

On January 20, 2022, Twitter launched a new non-fungible token (NFT) feature for its Twitter Blue users – a paid subscription service that gives its users access to premium services.

ApeCoin announcement surges BAYC floor price to near-ATH before correction

The BAYC native asset is claimable for a 90-day window, with each holder receiving 10,000 ApeCoins currently worth $72,000. The Bored Ape Yacht Club (BAYC) has officially revealed their ERC-20 utility and governance token ApeCoin (APE), marking a diversification from profile-picture projects (PFPs) into "culture, gaming and commerce" within the Web3 sphere.The asset has been developed and launched by the ApeCoin decentralized autonomous organization (DAO), a distinguished entity from Yuga Labs, which has established a six-month tenured council committee comprising of Alexis Ohanian, Amy Wu, Maaria Bajwa, Yat Siu and Dean Steinbeck, to oversee the DAO's development.ApeCoin's official Twitter account stated Thursday that the members of the BAYC ecosystem will be granted a 90-day window of opportunity to claim their allocation of the 10,000 tokens commencing Thursday at 12:30 pm UTC.Token claim is now open.

CryptoPunks NFT Sales Surge 1,200% After Bored Ape Creators Acquire IP

The O.G. Ethereum profile picture collection has seen soaring sales since Larva Labs announced the sale to Yuga Labs.

Princeton launches blockchain research initiative with $20M from crypto-alumni

The university hopes to discover new use cases for blockchain technology with a donation made by four alumni including Mike Novogratz and Joe Lubin. Prestigious Princeton University has launched an initiative to study the "decentralization of societal power" through blockchain technology in an effort to explore the vast depths of it’s social capabilities.For the launch, Bloomberg reported that Princeton’s Venture Forward campaign received $20 million in donations from high-profile alumni Peter Bridger from Fortress Investment, Ethereum co-founder Joseph Lubin, Pantera Capital CEO Daniel Morehead, and Galaxy Digital’s Mike Novogratz.The initiative is designed to study the ways in which modern technology, especially blockchain, can interfere with and change social norms, just as other technologies such as the printing press and the internet have in the past.

Ethereum Rival Fantom (FTM) Crashes 25% After Abrupt Departure of DeFi Developer Andre Cronje

Ethereum-competitor Fantom (FTM) has crashed 25% after news broke of a high-profile departure from the project.

Experts reject concerns Russia will use crypto to bypass sanctions: 'Totally unfounded'

Blockchain Association's Jake Chervinsky believes politicians should not be worried that Russia may use crypto to get around economic sanctions because it is not feasible at the scale required. Experts on crypto policy argue that concerns expressed by high profile politicians about Russia evading economic sanctions using cryptocurrency are “totally unfounded.”They say the crypto market is not nearly large enough nor deep enough to support the volume that Russia needs and that the country’s digital asset infrastructure is minimal.

BitsCrunch raises $3.6M in funding for NFT analytics tools

Several high-profile investment firms contributed to the funding round, suggesting interest in the space is far from waning any time soon. Crypto and nonfungible token (NFT) ecosystem analytics firm BitsCrunch has secured $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others.BitsCrunch uses AI-based analytical tools to determine the fair price of NFTs, identify wash trading warnings, and determine whether an NFT is a copy or forgery of the genuine asset.

High-profile athletes are spending huge amounts on NFTs: Here's why

Worldwide nonfungible token trading was worth around $40 billion in 2021, and it has since attracted some big names in the sports industry.

Here’s why AI-equipped NFTs could be the real gateway to the Metaverse

NFIs could be the next step for NFTs and ASM’s Artificial Intelligence Football Association could be P2E gaming’s next breakout project. Nonfungible tokens (NFTs) have been largely acquired as proof-of-profile pictures (PFPs) that represent a brand, embody culture or ultimately, reflect as a static status symbol.