DraftKings kills NFT business, citing 'legal developments’
It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act and thus could be securities.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act and thus could be securities.
Why this matters
This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Ethereum Price Prediction: Foundation Adds Pascal Caversaccio to Its Board
Ethereum price is trading near $1,920, and its prediction is getting bullish. The move comes as the Ethereum Foundation signals a...
Binance Says Four in Ten bStocks Users Are New to Traditional Investing
Binance says its bStocks offering has reached $500 million in assets under management seven weeks after launch, with 41.5% of user...
XRP Price Today: XRP Holds Above $1.07 Ahead of Fed Rate Decision as SEC Prepares Crypto Rules if CLARITY Act Fails
While the XRP price is battling critical support, the SEC says it is prepared to use its rulemaking authority to address digital a...
Stablecoin market cap drops $16 billion in 10 weeks, hitting six-month low
The stablecoin market's contraction may reduce crypto buying power, shifting capital to yield-bearing alternatives and altering ma...
China Business Journal warns of fraudsters demanding Bitcoin payments in impersonation scam
The scam highlights vulnerabilities in digital communication, emphasizing the need for enhanced cybersecurity measures and public...
Robinhood’s event contracts business earns $156M in Q2 revenue, surpassing crypto and equities
Robinhood's shift to event contracts diversifies revenue streams, reducing reliance on market cycles but faces regulatory and sust...