Earlier this week, two NFT artists decided to take the lack of regulatory clarity over their medium to court. Jonathan Mann and Brian Frye sued the Securities and Exchange Commission. In a Louisiana court filing, they argue that artists like Andy Warhol and Georgia O’Keeffe never had to worry about regulators claiming their art constituted
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One big raise led the pack of this week’s funding announcements: Morpho. The crypto lending firm said it raised $50 million in a round led by Ribbit Capital. A16z Crypto, Coinbase Ventures, Brevan Howard, Kraken Ventures and Pantera were among a long list of participants in the raise. “The potential impact of Morpho extends far
The encrypted messaging app Telegram rolled out a browser and “mini app store” this week, the latest salvo in what has been a busy few months for Telegram and the associated TON blockchain. Telegram’s browser gives users more streamlined access to the mini apps, such as “Hamster Combat” and “Catizen,” which have captured users’ attention
Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter . Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: What we learned from the Q2
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter . Howdy! Man, if I was unemployed, I would be doing little else but watching the Olympics right now. I had forgotten what a fun event it is. My new favorite sport: canoe slalom
A vulnerability in inter-blockchain communication (IBC) protocol that was patched in April reared its bugly head on the Terra blockchain, late Tuesday. Onchain data showed an erroneous minting of 58 million ASTRO tokens — worth about $2.7 million — and about $4.1 million in USDC, USDT and wrapped BTC. Terra conducted an emergency chain upgrade to
Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter . Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: Breaking down what to expect (and
On Wednesday, Federal Open Market Committee members opted to hold interest rates steady. This marks their eighth pause since consistently raising interest rates from March 2022 to July 2023. Stocks showed little immediate change, holding onto gains made earlier in the session. At the time of publication, the S&P 500 and Nasdaq Composite indexes were
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter . Howdy! Last night, I went to my third Mets game of the season, and I was unfortunate enough to spot Grimace, the big, terrifying purple lump that’s become the team’s unofficial mascot during
Tether has just released its attestation report for Q2 2024, declaring a $5.2 billion profit for the first half of 2024. In Q2 of 2024, Tether generated a net operating profit of $1.3 billion, compared to Q1’s earnings of $4.52 billion, per the report. Tether’s net equity worth also increased by $520 million to $11.9