Tag: legalissues

Nike Faces $5 Million Lawsuit Over NFT Platform Closure

Nike Faces $5 Million Lawsuit Over NFT Platform Closure

Nike has been slapped with a $5 million lawsuit. A class action of buyers says they were deceived while buying the firm’s non-fungible tokens (NFTs). According to the lawsuit, Nike’s decision to end support for its RTFKT platform has been disastrous to its NFT strategy. Consequently, their digital assets have...

Further Reading

Floki Inu's Valhalla Mainnet Launch Boosts Market Presence

Floki Inu's Valhalla Mainnet Launch Boosts Market Presence

Floki Inu has formally deployed the mainnet for its long-awaited Valhalla NFT metaverse game. This is a big moment for the cryptocurrency, which first became widely known in 2021 as a meme coin. This launch is a huge milestone in Floki’s evolution. It combines decentralized finance (DeFi), non-fungible tokens (NFTs)...

The Open Platform Achieves Unicorn Status in Telegram Crypto Ecosystem After Series A

The Open Platform Achieves Unicorn Status in Telegram Crypto Ecosystem After Series A

The Open Platform (TOP) recently completed its Series A funding round. They raised a staggering $28.5 million in order to continue developing Telegram-based protocols and applications on The Open Network (TON). This latest investment gives The Open Platform a valuation of $1 billion. It does so with such aplomb that...

PENGU Token Skyrockets Amid NFT Surge and Whale Accumulation

PENGU Token Skyrockets Amid NFT Surge and Whale Accumulation

PENGU Token, a Solana-based meme coin associated with the Pudgy Penguins project, has experienced a remarkable surge in value, climbing 47% in the past week. This tsunami of outward optimism propelled it to an impressive $300 million increase in its market cap. It indicates a growing enthusiasm and faith in...

PENGU Memecoin Eyes $0.02 Breakout, Mirroring PEPE's Trajectory

PENGU Memecoin Eyes $0.02 Breakout, Mirroring PEPE's Trajectory

PENGU, a Solana-based memecoin, has been creating quite a buzz in the cryptocurrency market, showing impressive early results and promising potential for astronomical growth. The token has successfully broken above May's $0.0175 resistance level and is currently trading at $0.01473, maintaining a 3% gain after climbing from recent lows. Market...

NFT Values Diverge as Select Collections Buck Market Downtrend

NFT Values Diverge as Select Collections Buck Market Downtrend

The non-fungible token (NFT) market is currently experiencing an NFT bull run, a divergence in value, with some collections going against the trend. Even blue-chip NFTs such as CryptoPunks and Bored Ape Yacht Club (BAYC) have seen their values plummet. Collections such as Proof Collective and Moonbirds Mythics are trending...

Simplex's Strategic PR Campaign Drives Massive Growth and Brand Visibility

Simplex's Strategic PR Campaign Drives Massive Growth and Brand Visibility

Simplex, the popular payments processor in the cryptocurrency space, recently increased its market share. They did this by executing a precise and focused public relations campaign alongside MarketAcross, a specialized cryptocurrency-focused PR agency. This partnership further addressed Simplex’s lack of local coverage and press relationships from the start. In return,...

Gemini Exchange: Security, Compliance, and Diverse Trading Options

Gemini Exchange: Security, Compliance, and Diverse Trading Options

Gemini is a regulated cryptocurrency exchange, owned and operated by twins Tyler and Cameron Winklevoss. We believe it is distinguished by its deep commitment to security, regulatory compliance, and an easy-to-use platform. Launched in 2015, Gemini has grown to offer over 70 cryptocurrencies for trading, catering to both beginners and...

NFT Market Sees $134.3 Million in Sales, Led by Immutable's Surge

NFT Market Sees $134.3 Million in Sales, Led by Immutable's Surge

The non-fungible token (NFT) market just had one of their biggest weeks. It tracked $134.3 million in sales up 14.39% from last week the same track for the week of November 3-9, 2023. Immutable continued to lead the charge with a surprising and big increase in sales and buyer activity....