World Liberty Financial, a decentralized finance (DeFi) project backed by President Donald Trump’s family, snatched up more than $20 million worth of digital assets ahead of the White House’s first crypto summit on March 7. According to Bloomberg, a digital wallet tied to World Liberty acquired $10.1 million worth of Ether (ETH), $9.9 million worth … Read more
The third week of February saw major investments in security and infrastructure, with Blockaid leading the way with a $50 million Series B round. The week’s funding totaled over $150 million, with security, DeFi, and infrastructure projects leading the funding as per Crypto Fundraising data. Blockaid, $50 million Raised $50 million in Series B funding … Read more
Key Notes Kinto offers built-in compliance mechanisms including KYC and AML protocols, making DeFi accessible to institutions that previously couldn’t participate due to regulatory constraints. The platform’s on-chain mining program will run for 10 years with decreasing rewards over time, positioning Brevan Howard as one of the first traditional firms to participate. Research suggests an … Read more
XRP is back in the green, suddenly jumping 15% and getting crypto traders excited. The token has managed to break out of the sideways range it’s been trapped in over the past ten days. But XRP might not be leading the pack for long. Solana-based Layer-2 solution Solaxy just passed the $20 million mark in … Read more
Solana is one of the biggest blockchains in the world – but network congestion is still a huge issue. That’s where Solaxy (SOLX) comes in. This new Layer-2 solution for Solana has raised over $20 million in presale funding. And some early backers think the native SOLX token could see a massive pump after exchange … Read more
The Federal Trade Commission has fined the publisher of Genshin Impact $20 million for allegedly deceitfully marketing loot boxes to children and illegally collecting their data. The FTC’s complaint alleges that Singapore-based Cognosphere deceived children and other users about the real costs of in-game transactions and the odds of obtaining rare prizes. Samuel Levine, Director … Read more
Hadlee Simons / Android Authority TL;DR The FTC fined Genshin Impact developer HoYoverse $20 million for misleading loot box practices and violating children’s privacy laws. The game allegedly deceived players about the cost and odds of obtaining rare prizes and collected data from children under 13 without parental consent. HoYoverse must now block purchases by … Read more
Genshin Impact publisher Hoyoverse has agreed to a settlement with the United States Federal Trade Commission where it agrees to pay a $20 million fine, and be banned from sellling lootboxes to teenagers under the age of 16. In press release by the FTC, the agency announced that the makers of Genshin Impact “has agreed … Read more
Genshin Impact publisher Cognosphere (which is also called Hoyoverse) is settling a United States Federal Trade Commission lawsuit over selling loot boxes to players under the age of 16. It’ll pay a $20 million fine for allegedly violating U.S. children’s privacy laws and “deciev[ing] children and other users about the real costs of in-game translations … Read more
At least 15 blockchain wallets suspected of insider trading have turned an initial $14,600 investment into over $20 million, raising concerns about transparency and fairness in cryptocurrency markets. The 15 insider wallets made over $20 million in profit on the Focai.fun (FOCAI), a memecoin recently launched on Solana’s (SOL) memecoin launchpad Pump.fun. The suspected insiders … Read more