CFTC Goes After Opyn, ZeroEx, Deridex DeFi Operations in Enforcement Sweep

The three firms face a number of accusations based on their use of blockchain-based protocols and smart contracts to function as trading platforms, according to the CFTC. The U.S. derivatives regulator is ordering Opyn, ZeroEx, and Deridex to cease those violations and pay penalties of $250,000, $200,000, and $100,000, respectively. The companies agreed to these […]

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Publicly Traded Korean Firm Neowiz To Build Games on Avalanche Network

Neowiz has a 25-year track record of fun releases, like Cats & Soup, and is behind the highly anticipated Lies of P, a souls-like game inspired by Pinocchio and expected to be a top seller of 2023. The company notched $51 million in revenue last year, Taegeun “Andrew” Bae, co-CEO of Neowiz, said at the […]

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Multibillion Dollar Oracle Tool Chronicle To Expand Outside of MakerDAO Ecosystem

Chronicle will feature a dashboard that users can access to track the origin of any required data – which developers say will ensure on-chain data transparency. It will run on data supplied by over 22 node operators, such as Infura, Etherscan, Gnosis, Gitcoin, Argent, MakerDAO and dYdX.

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Social Network CyberConnect’s CYBER Tokens Soar, Driving Up the Cost of Margin Trading

CyberConnect lets developers create applications related to digital identity, content and friendships on the blockchain. It also offers CyberGraph, a smart contract to record users’ content and social connections, and CyberID, an ERC-721 token that represents a unique handle for user accounts within the CyberConnect ecosystem.

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Resource Extraction, Social Media Monetization and Real World Connections

The Story: Esteemed science journal Nature published a paper all about the coming wave of decentralized social media, or DeSo, and the implications of “tokenizing” user engagements. Authors ​​Meysam Alizadeh, Emma Hoes and Fabrizio Gilardi argue that social media companies like Streemit, Reddit and Twitter are announcing plans to help users monetize their activity,  which […]

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