Telegram-based tap-to-earn game Rocky Rabbit has launched pre-market trading for its upcoming RabBitcoin (RBTC) token through crypto exchange Bitget. This comes ahead of the token launch on The Open Network (TON) on September 23, with an airdrop likely to follow soon after. At the time of writing, Bitget traders have valued RBTC at $0.000005, although the token peaked at a value of $1. Bitget will also list the token for spot trading once it launches later this month. Pre-market trading lets cry...
SEC Is Coming After OpenSea—These Are the NFTs That Could Be in Trouble
When NFT marketplace OpenSea announced last week that it anticipates a lawsuit from the U.S. Securities and Exchange Commission (SEC), bells of panic rang far and wide through the cryptosphere. The U.S. government was opening up a major new front in its war on crypto: It was finally coming for the heart of the NFT market. But what does the development actually mean? Is every major NFT project now about to be labeled an illegal, unregistered security as some fear? Or might only particularly cash...
CZ Banned From 'Any Present or Future Involvement' In Managing Binance
Former Binance CEO Changpeng Zhao has a lifetime ban from “managing or operating” the centralized crypto exchange, according to current CEO Richard Teng. Teng revealed that Zhao would be barred from managing the platform for life in an interview with Axios, which revealed that it was a "key condition" of the plea agreement between Binance and U.S. authorities. This comes after reports initially suggested Zhao would only be banned for a number of years. “Under the terms of the agreement, CZ is p...
TON Foundation Pumps $24 Million into Fueling DeFi on Telegram-Linked Network
The organization that supports The Open Network, Telegram’s blockchain of choice, announced on Friday that it has contributed another $24 million worth of Toncoin (TON) to its DeFi incentive program, bringing the program’s total value to over $75 million to date. The TON Foundation originally created the program in April to encourage users to engage with decentralized finance (DeFi) applications on TON—a network that has become prominently known for popular crypto-backed games on Telegram and co...
Bitcoin Price Flirts With $55,000 As ETFs See Seventh Day of Outflows
Bitcoin tumbled to lows of just over $55,000 Friday morning, with experts warning of a potential further decline to $50,000, as Bitcoin ETFs hit a seven-day streak of outflows. The price of Bitcoin slipped to lows of $55,363, before recovering to trade at its current price of $56,125, down 1% on the day, per data from CoinGecko—reflecting broader market jitters and diminishing risk appetite among investors. Market analysts pointed to a confluence of factors, including sustained ETF outflows, br...
Telegram Sparks Concern Over FAQ Changes Even as Key Language on Private Chats Remains
Late Thursday, users discovered social messaging platform Telegram had quietly removed part of a section from its FAQ relating to the moderation of private group chats. Though one key part surrounding the contentious language remains elsewhere, Decrypt has learned. A section of Telegram’s FAQ had previously stated, “All Telegram chats and group chats are private amongst their participants,” underneath a question relating to removing illegal content on the messaging app. That line has since been...
Christensen Balances New Sky Governance With User Choice Amid Freeze Function Debate
Sky, the DeFi protocol formerly known as MakerDAO, is under pressure from its community after co-founder Rune Christensen confirmed last month the protocol’s upcoming USDS stablecoin could feature a freeze function sometime in the future. Although the function will not be enabled at launch on Sept. 18, the idea of including the mechanism has sparked concern about the centralization of Sky’s ecosystem. Christensen, addressing recent concerns in an interview with Decrypt during Korea’s Blockchain...