Celebrity superstars who leveraged their fame to endorse digital assets like cryptocurrencies and nonfungible tokens (NFTs) face a series of civil lawsuits by investors who lost fortunes when the sizzling bull run for all things crypto iced over and those assets plunged in price. From movie stars to celebrity athletes, many have found themselves named…
Celebrities Including Madonna, Tom Brady Mired in Lawsuits for Pushing Crypto, NFTs
Co-founder of NFT Platform Blockparty Charged With Fraud
The former chief technology officer of Blockparty was arrested on Wednesday after U.S. prosecutors alleged he stole more than $1 million in cash and cryptocurrency from the company, which operates a marketplace for non-fungible tokens. Rikesh Thapa, 28, of San Diego, California, co-founded the company in 2017 and left it in 2019 after refusing to…
Johnny Depp Ethereum NFT Sales Soar as He Triumphs Against Amber Heard in Defamation Trial
Johnny Depp’s collection of Ethereum based NFTs saw a sharp surge in interest following the conclusion of the defamation trial against his ex-wife Amber Heard. What Happened Depp’s collection titled “Never Fear Truth” had a total trading volume of 1,500 ETH since its launch. After the jury reached its final verdict, awarding Depp $10 million in compensatory damages…
Former OpenSea Executive Arrested, Charged in First-Ever NFT ‘Insider Trading’ Case
A former executive at the largest online marketplace for buying and selling non-fungible tokens (NFTs) has been charged with insider trading in a first-of-its-kind case for the Justice Department (DOJ). Nate Chastain, a former product manager at New York-based OpenSea, was apprehended in New York on Wednesday before appearing in the U.S. court for the Southern District of New York,…
Explore Web3 Without Breaking the Bank With This Course Bundle
via StackCommerce Learning how to program may be one of the best things you can do for your career. Of course, you will be able to widen your career options, but it’ll also allow you to create various digital products without any outside help. But if you’re planning on starting your foray into programming now,…
Overregulation Hinders China’s Web 3.0 Developers While Investors Seek Options Offshore
May 11, 2022
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The communist Chinese regime’s heavy-handed supervision of China’s high-tech industries has greatly hindered its domestic tech innovation, prompting many Chinese tech firms and industry professionals to seek development overseas. Web 3.0 is referred to as the next internet revolution or the third-generation Internet that is based on blockchain technology and cryptocurrencies. It is being developed…
CryptoPunk NFT Bought for $1 Million Sells for $139,000
A non-fungible token (NFT) from the “Cryptopunks” series has reportedly changed hands for just 55 Ether, having previously sold for several times that amount last October. On Sunday, Cryptopunk #273 was at a value of about $139,000, after previously having sold for $1.03 million last October. This NFT is one of a series of 10,000 heavily…
Markets Are Crashing and Burning; Were NFT Bears Right?
Commentary For many doomsayers, this is their “I told you so” moment. After months of seemingly impossible gains, the markets are finally adjusting to reality. As financial markets generally have gotten whacked in the new year, crypto has had an especially rough time. Since the start of the year, both Bitcoin and Ethereum are down….
NFT of Dorsey’s First Tweet Auctions for Mere $280
A non-fungible token (NFT) of the first-ever tweet drew only $280 in an online auction, vastly disappointing the expectations of the investor who hoped to turn around the costly NFT for an astronomical profit. The NFT of Twitter’s former CEO and co-founder Jack Dorsey’s tweet was first sold last year to Sina Estavi, an Iranian-born…
Ukraine Announces NFTs to Support Military, Continues Seeking Cryptocurrency Donations
Ukraine’s vice-prime minister Mykhailo Fedorov announced on Thursday that the country will begin minting non-fungible tokens (NFTs) in order to fundraise their resistance against the Russian invasion, in what constitutes their latest effort to use cryptocurrency. As the Ukrainian government continues its fight against the recent invasion, they have been soliciting cryptocurrency donations as a convenient and…
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