On Wednesday, OpenSea, the largest marketplace for non-fungible tokens (NFTs), received a Wells notice from the US Securities and Exchange Commission (SEC), indicating the regulator’s intent to potentially initiate legal action, asserting that NFTs traded on the platform may be classified as securities. CEO Devin Finzer Responds To SEC...

OpenSea Faces SEC Wells Notice Over NFT Classification As ‘Securities’

Reuters

(Reuters) -The U.S. Securities and Exchange Commission has threatened to sue non-fungible tokens marketplace OpenSea, the company's CEO said in a post on social media platform X on Wednesday.

US SEC threatens to sue NFT marketplace OpenSea, CEO says

The U.S. Securities and Exchange Commission (SEC) announced on August 26 that it had filed settled charges against Plutus Lending LLC, doing business as Abra, for allegedly failing to register the offers and sales of its retail crypto asset lending product, Abra Earn. The SEC also alleges that Abra operated as an unregistered investment company.

Abra Settles With U.S. SEC Over Alleged Sales of Unregistered Crypto Securities

South Dakota State

Your article was successfully shared with the contacts you provided. The Securities and Exchange Commission has filed fraud charges against China-based investment advisor QZ Asset Management, its CEO — whose touted AI investing algorithms gained media attention — and its holding company, alleging they scammed hundreds of customers out of millions of dollars before halting contact with clients and shutting down their website.

SEC Charges Firm, CEO With Bilking Hundreds of Clients

Boston, MA

Fortune

Boston-based Creatio is valued at $1.2 billion.

A 47-year-old Ukrainian female founder raised $200 million so she could finally market her B2B tech startup as a unicorn

This story is part of CNBC Make It's The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make the leap into the unknown. Emery Wells put himself on the path to a dream career...

42-year-old sold his startup for $1.3 billion—he started by buying a $17,500 camera he couldn't afford

Uber Technologies Inc. was hit by a record €290 million ($324 million) fine by the Dutch privacy watchdog for failing to abide by European protection standards when it shipped swathes of sensitive data about its drivers to the US. The Dutch Data Protection Authority said Uber was collecting information...

Uber Hit by Record $324 Million Fine for Data Transfers to US

Fruition Production is set to release a documentary in November that examines XRP’s significant role and development within the financial sector. The documentary will feature insights from Ripple’s CTO and will be available on Amazon and Apple TV, choosing independent distribution over traditional media channels. The world of...

Unlocking XRP: Fruition Production’s Documentary to Explore Ripple’s Cryptocurrency This November

Florida State

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contributor

Jacksonville, FL

Jacksonville Today

Jacksonville Sheriff T.K. Waters said he will consider more DUI patrols if voters legalize recreational marijuana use in Florida. Voters will consider Amendment 3 in November. It would allow adults 21 or older to possess, purchase or use marijuana products and marijuana accessories for non-medical purposes.

More DUI patrols possible if marijuana issue passes

California State

Tesla CEO and xAI founder Elon Musk has thrown his support behind a California bill that’s divided Silicon Valley and promises to regulate the artificial intelligence industry. Suggested Reading. The bill, SB 1047, would mandate companies that have spent more than $100 million to develop an AI model, or...

Elon Musk just threw his support behind a controversial bill to regulate AI

Georgia State

Crisp County, GA

Daily Coffee Press

On Wednesday, the Georgia Bureau of Investigation announced the arrest of 24 individuals following Operation Shyne Down. The GBI and other agencies served a total of 120 warrants on the suspects involved in the investigation, which targeted the criminal street gang G-Shyne Bloods and their involvement in criminal activities in Crisp County, Georgia.

Operation Results in More than 20 Charged with Gang Offenses, RICO, and more

It’s been war out there for VCs lately, so Y Combinator — the early-stage investor that helped launch Twitch, DoorDash, Dropbox, and more — is venturing into new, more explosive territory. The startup accelerator has begun backing Ares Industries, a defense company that builds “low-cost cruise missiles.”...

Silicon Valley Incubator Backs Its First Defense Company

Afrotech

A class action lawsuit continues to loom over Shaquille O’Neal. As AFROTECH™ previously reported, he was named in a class-action lawsuit filed against the Astrals Project, which he created alongside Music Manager Brian Bayati, who serves as the CEO, and his son Myles O’Neal, who is the head of investor relations. They launched to the… Continue reading Shaquille O’Neal Confirmed To Be A ‘Seller’ For Astrals NFT Project In A Class Action Lawsuit

Shaquille O’Neal Confirmed To Be A ‘Seller’ For Astrals NFT Project In A Class Action Lawsuit

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

According to officials with the Southern District of Georgia, two recently unsealed federal indictments have charged 23 defendants in a series of broad conspiracies involving the use of drones to smuggle methamphetamine, marijuana, and cell phones into state prisons in Georgia.

23 Defendants Charged in Federal Indictments for Drone-Smuggling Drug Operation in Georgia

Chicago, IL

Palm Springs Tribune

Taylor Swift broke Wembley stadium records playing the venue eight times in a single tour at her final London show in of the Eras Tour and debuted her track So Long London live from her latest album, Tortured Poets Department . The timing of her last European performance is politically intriguing, as it coincides with the final day of the Democratic National Convention in Chicago, where she might have the opportunity to endorse Kamala Harris for President.

Taylor Swift’s Potential DNC Appearance and Endorsement of Kamala Harris: Will It Happen?

Montana State

Wyoming State

WyoFile

To increase the genetic diversity of an island population of grizzly bears , Wyoming and Montana wildlife managers recently worked together to import fresh bloodlines into the Greater Yellowstone Ecosystem.

Two Montana grizzly bears trucked to Wyoming to bolster genetic diversity, help states’ delisting case

Cheyenne, WY

WHITE MOUNTAIN—“That’s a lot of horses,” lamented Cheyenne resident Robyn Smith from a high-desert ridgeline. It wasn’t her first exasperated exclamation. “Argh, oh crap,” was her immediate reaction to learning a federal judge had given the Bureau of Land Management the OK to proceed with plans to fully remove two wild horse herds from the landscape in southwest Wyoming.

BLM wins two lawsuits, clearing way for elimination of two Wyoming wild horse herds

Habibur Rahman was charged after police said they seized crypto ATMs from a shop in Chatham.

Trader 'first' in UK charged with operating crypto ATM

Crypto.com integrates PayPal for US users to simplify crypto purchases. The partnership allows seamless transfers and topping up Crypto.com Visa Cards. The PayPal feature on Crypto.com is currently only available in the US but is expected to expand to more markets in future. Crypto.com has announced a strategic partnership with...

Crypto.com adds PayPal payment method for US customers

NewsBreak

NFT Marketplace OpenSea Receives Wells Notice From U.S. SEC, Co-Founder and CEO Devin Finzer Responds

On 28 August 2024, Devin Finzer, the Co-founder and CEO of NFT marketplace OpenSea, publicly addressed the receipt of a Wells notice from the U.S. Securities...

NFT Marketplace OpenSea Receives Wells Notice From U.S. SEC, Co-Founder and CEO Devin Finzer Responds

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