Industry

GameStop has fired its CEO, Matt Furlong, the executive responsible for pushing the company's move into non-fungible tokens (NFTs).

A US judge recently dismissed a lawsuit against decentralized finance (DeFi) platform PoolTogether. According to the ruling, the federal court system is not the right place to express concerns about DeFi startups.

Non-fungible token (NFT) platform Enjin has announced its transition to a new mainnet called the Enjin Blockchain, aimed at furthering Web3 adoption. Following the transition, its Polkadot parachain called Efinity forked to the new blockchain.

On June 8, Web3-native game publisher HyperPlay said it closed a Series A funding round after raising $12 million from investors, including co-leads Griffin Gaming Partners and Bitkraft Ventures.

Subsocial network-based chat app Grill.chat has now implemented Ethereum Virtual Machine (EVM) wallet compatibility, allowing users to chat using their Ethereum identities and send cryptocurrencies to each other via Polygon, according to a June 7 announcement.

Global financial services firm JPMorgan continues to explore the benefits of blockchain, deploying the technology to remove some of the constraints of traditional finance.

The latest SEC complaint against Binance may point to why former Binance.US CEO Brian Brooks chose to step down in August 2021, just three months after his appointment.

Former NFL team owner Reginald Fowler sentenced to 6 years in prison for being a “shadow bank” for the cryptocurrency industry, which involved more than $700 million

Apple's new mixed reality headset, the Apple Vision Pro, has attracted both tech enthusiasts' attention and attention after it was unveiled at WWDC on June 5.

Major US options exchange Cboe Digital has applied to offer margin futures contracts on bitcoin (BTC) and ether (ETH), and has received approval from US commodity regulators.

Cryptocurrency exchange Kraken said it investigated issues with several crypto funding gateways, including major avenues such as Bitcoin, Ether and ERC-20, which caused operational delays.

The US Securities and Exchange Commission's (SEC) lawsuit against Binance accusing the cryptocurrency exchange of violating various securities laws has had a direct impact on the cryptocurrency market and the exchange's balance sheet.

Venture capital firm Sequoia Capital has announced an impending spinoff that will see the company split into three different partners serving the US, China and Asia markets.

Shares of cryptocurrency exchange Coinbase plunged more than 20% at the open on June 6. At press time, the stock had pared some losses and was trading at $50.14, off an intraday low of $46.43.

The fortunes of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have been hit hard by recent lawsuits from US securities regulators.

Long term bitcoin, Advocate Jack Dorsey finds himself in a Twitter war with several crypto industry experts after answering yes If Ether is a security.

The US Securities and Exchange Commission's (SEC) lawsuit against Binance could hurt the cryptocurrency exchange's business opportunities in South Korea.

On June 7, cryptocurrency exchange Binance posted a statement on its Chinese-language social channels with the hashtag #StrongTogether.

ARK Invest added more shares to its Coinbase holding on the same day the SEC filed a lawsuit against cryptocurrency exchange Coinbase.

Binance.US canceled trading services for several crypto tokens on June 7. The move comes after the SEC filed a lawsuit against the Binance entity and its leadership earlier this week.