SEC first-ever charges DeFi company for $30 million token fraud

    The US Securities and Exchange Commission (SEC) charged Cayman Islands-registered DeFi Money Market (DMM) and its two top executives for unregistered sales of more than $30 million of securities using smart contracts and decentralized finance. This is the SEC’s first securities case involving DeFi technology. Florida residents Gregory Keough and Derek Acree, along with Cayman…

    IDO: same ICO by a different name

    First popularized in 2017, ICOs are back again in a somewhat new form. Really though, it’s essentially the same, only even a little riskier than before. And yes, they are now called IDOs. IDO is an initial project token offering on a decentralized exchange, another way of public fundraising. There is no official definition of…

    Binance NFT marketplace to auction tokenized classical art from the Hermitage Museum

    Binance NFT, the NFT platform of the world’s largest crypto exchange Binance, and Russia’s State Hermitage Museum announced their collaboration in the release of tokenized art from the museum collection, which will be auctioned on the NFTs marketplace at the end of August 2021. The Hermitage, one of the most significant museums in the world,…

    Is DeFi technology easy enough to adapt to non-finance industries?

    DeFi gets a bad rap for being complex, technology makes it simple enough to cut out middlemen in non-finance industries ranging from energy to e-commerce. Decentralized finance is far and away the hottest topic in crypto, touted as a way to make a fortune by backing the right token, but also a tool for taking…

    Paris Hilton to support Origin as advisor and investor

    The world-renowned influencer Paris Hilton joins Origin as an investor and advisor to make its products and Origin Tokens (OGN) even more successful. Paris Hilton is the original entertainment and business icon that pushes the creator economy forward. Aside from her influence on mainstream culture through music and TV shows since the early 2000s, Paris…