What Ripple’s Partial XRP Win Means for Other Crypto Firms Fighting SEC
Coinbase and Binance have a new precedent to cite in court – if the decision survives potential appeal. That’s no sure thing, lawyers said.
Is the Metaverse a ‘Global Panopticon’?
(Milan Malkomes/Unsplash, modified by CoinDesk)
Ripple’s XRP Ruling a ‘Milestone Win’ for Crypto Industry, Says J.P. Morgan
A summary judgment partially in favor of payments network Ripple represents a milestone win for the crypto industry and provides legal clarity as to what does and doesn’t represent a security, J.P. Morgan wrote in a research note Friday.
XRP Trading Volume Surges 1351% as Major Crypto Exchanges Embrace the Token
The spike in trading activity came after a partial win in a lawsuit against the SEC.
Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil
“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.
Hollywood’s Angry Creators Show Why Web3 Is Needed
Web2 economics don’t work for artists and writers, says CoinDesk’s Michael Casey.
Binance Cut 1,000 Workers in Recent Weeks: WSJ
Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported.
Google Plays Nice With NFTs, Starbucks Puts Ex-MLB Star’s NFT Project on Deck
This week, Google made a big shift in their policy towards NFTs, allowing apps in the Google Play store to include the ability to buy, sell or earn tokenized assets. Meanwhile, Starbucks Odyssey, the brand’s Web3 loyalty program, announced their next Stamp would be “designed by Aku,” the NFT character launched by former LA Dodgers player-turned-artist Micah Johnson. In other news, Snoop Doog and a16z-backed decentralized music venture Sound announced a $20 million funding round and we got another “phygital” sneaker drop.
Co:Create Releases Web3 Loyalty App on Shopify
The app allows over 4 million Shopify businesses to implement blockchain-based loyalty and rewards programs from their storefront.
Mutiny’s New Browser-Based Bitcoin Wallet on Lightning Avoids App Store Restrictions
The company says it’s the “first self-custodial lightning wallet that runs on the web” – a design feature that may avoid any restrictions that might be placed on the technology from app stores run by the likes of Apple or Google.