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SEC’s Next Crypto Target: Regulator Goes After NFT Platform OpenSea

The US Securities and Exchange Commission has made it its mission to target various cryptocurrency platforms, albeit with questionable success so far. Next on the list is the NFT platform OpenSea, whose CEO went on to X to express the team’s disappointment in the regulator’s move. Devin Finzer, OpenSea’s chief exec, tweeted that the company he runs is the latest to receive a Wells Notice from the SEC, which indicated that non-fungible tokens available to buy or sell on the...

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Fordefi Unveils First Institutional-Grade MPC Wallet for DeFi on Sui

Grand Cayman, Cayman Islands, August 28th, 2024, Chainwire Fordefi brings institutional-grade security to the Sui Network Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced that it has joined forces with Fordefi, a company that employs multiparty computation (MPC) technology to deliver a secure institutional wallet platform for DeFi. Fordefi’s comprehensive platform and Web3 gateway provide an enterprise grade solution enabling...

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Bitcoin Creates 85,400 Millionaires: 2024 Crypto Wealth Report Reveals

Bitcoin has created 85,400 millionaires, highlighting its growing value and investor interest, according to the 2024 Crypto Wealth report by Henley & Partners. This report also shows that, across the world, there are now 173,200 people who became millionaires through cryptocurrencies, with a growth of 95% in the last year. Of these, 85,400 are Bitcoin millionaires, an increase of 111% in the last year. The report also points out that presently there are 28 crypto billionaires globally,...

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