Cryptocurrencies Hit Hardest by SEC Crackdown

The US Securities and Exchange Commission has labelled 19 crypto tokens as securities. Crypto tokens are created by developers for use in DeFi, gaming and other applications. The designation is explicitly laid out in the SEC lawsuits filed against crypto exchanges Binance and Coinbase Global last week. The labeling prompted a sharp selloff in the tokens. The impact was immediate with the combined market value falling $23 billion since the SEC’s lawsuit against Binance was filed on June 5. Furthermore, … Continue reading “Cryptocurrencies Hit Hardest by SEC Crackdown”

Sports Fan Tokens Quickly Go from Euphoria to Indifference Like Messi’s Move from Barcelona to PSG

Sports fan token have been trading three years in the main crypto exchanges, with the aim an alternative for clubs to gain financing and for fans to be closer to their favorite teams. It hasn’t worked out as such as one would expect in the world of sports fandom where shifts of euphoria and indifference happen quickly, combine that with crypto and NFT noise. The days are early for gauging its success as it still in almost virgin times. Football … Continue reading “Sports Fan Tokens Quickly Go from Euphoria to Indifference Like Messi’s Move from Barcelona to PSG”