According to Coinbase users and lead plaintiffs Christopher Underwood and Louis Oberlander, the company has allowed clients to purchase and trade 79 different cryptocurrencies without disclosing that they are securities since Oct. 8, 2019. These crypto securities aren’t registered with the SEC or any state authorities, and Coinbase isn’t licensed as a securities exchange or broker-dealer, according to the plaintiffs in this case
Since the token was launched roughly three days ago, the digital currency apecoin (APE) has been a topical conversation within the cryptocurrency community on forums and social media. So far, just over 82% of the claimable APE has been claimed and 13,672 unique addresses have received APE from the airdrop. Meanwhile, the Bored Ape Yacht Club (BAYC) creators have shared a video showing a BAYC metaverse with an assortment of other popular non-fungible token (NFT) characters.
The metaverse is a new frontier for business, and creators will be the first to benefit from showcasing products and services to followers.
Crypto markets have been choppy over the past week. Several regulatory news headlines contributed to the moves. President Joe Biden signed an executive order on cryptocurrency policy which is designed to support ‘responsible innovation,’ and MEPs in the EU voted against a proposed bill to limit proof-of-work-based cryptocurrencies. These are positive signs for crypto but it still seems unable to shrug off its correlation to equity markets amid the Russia-Ukraine tensions.
Former U.S. Congressman Ron Paul says he still believes that the government could outlaw bitcoin mainly because he is “influenced a whole lot by history and the gold history.” Despite his warning, Paul stressed that crypto “should be obviously permitted.”
The metaverse presents a brilliant method of virtually interacting with others all around the world. Anyone, anywhere can put on a virtual reality headset or utilize their web browser to log in to a virtual space and communicate with others face-to-face.
The Better Business Bureau (BBB) says that crypto scams were one of the riskiest types of scams in 2021.