OpenSea users drop securities suit after marketplace demands arbitration
The lawyer for two OpenSea users who accused the platform of selling them securities told Cointelegraph they “had no choice but to dismiss the pending case.” Go to Source
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OpenSea promises comeback with new, improved platform
A newly revitalized OpenSea is coming soon, but details were thin. Go to Source
4 times key players in crypto were accused of insider trading
There have been some high-profile instances of insider trading at major exchanges that show a larger issue underneath. Go to Source
Puma partners with Web3 mobile game, Infinex NFTs top $40M sales: Nifty Newsletter
Footwear distributor Puma partnered with a Web3 game, integrating characters based on the brand into a sports mobile game. Go to Source
OpenSea users claim NFTs are securities in proposed class suit
A pair of OpenSea users claim the NFTs they bought on the platform “are worthless” because they the tokens are unregistered securities. Go to Source
SEC commissioners slam agency after $750K FlyFish Club NFT settlement
SEC commissioners Hester Peirce and Mark Uyeda didn’t believe any US securities laws were triggered and urged the commission to give NFT firms more room to experiment. Go to Source
Coinbase’s ‘Stand With Crypto’ creates NFT legal defense fund
Coinbase has emerged as a vocal advocate for the crypto industry in the face of ongoing regulatory crackdowns in the United States. Go to Source
Rare Ape CryptoPunk sells for $1.5M, Magic Eden dominates NFT trading volume: Nifty Newsletter
A group of blockchain advocates urged the United States Congress to clearly define NFTs in response to the SEC Wells notice to OpenSea. Go to Source
Digital Chamber calls for Congress to address SEC actions against NFTs
The CEO of OpenSea reported receiving a Wells notice from the SEC in August, suggesting that the commission could be taking a new regulatory approach to NFTs. Go to Source
OpenSea receives SEC Wells notice, monthly NFT sales fall below $400M: Nifty Newsletter
OpenSea CEO Devin Finzer said that the NFT marketplace received a Wells notice from the SEC, suggesting potential enforcement action from the agency. Go to Source
