Crypto California Club

🐻 Prime Trust Faces Closure as Nevada Regulators Take Action – Another Bear Market Victim? Crypto custodian Prime Trust is facing imminent closure as Nevada regulators move to shut down the troubled company, potentially making it the latest victim of the crypto bear market. The regulatory action comes after it was discovered that Prime Trust owed millions of dollars to its customers, placing it in an "unsafe financial condition and/or insolvent," according to the Nevada Financial Institutions …

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🦁 DeFi Exchange Mango Markets Will Soon Start Refunding Users for $114M Exploit Mango Markets, the decentralized crypto exchange (DEX) that suffered an exploit earlier this month, will soon start refunding users for the $114 million exploit. The DEX had earlier said that its decentralized autonomous organization (DAO), entities that are owned and governed by their members without any central leadership, would vote on how to refund users. "The program for depositors to recover funds is in audi…

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🌴 Sony Files Patent to Use NFT Tech for Keeping Track of in-Game Digital Assets; Introduces Moments Market Electronics giant Sony has filed a patent that describes the usage of NFT (non-fungible token) and blockchain technology to track the history of in-game digital assets. The filing describes the usage of this tech in order to record the story of modifications and ownership of the digital assets from a given game. Sony has filed a patent to use NFT and decentralized ledger technology in ord…

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🦁 Jinan, China: All Our Buses Accept Digital Yuan – And CBDC Customers Get Discounts Jinan, China, says all of its bus routes now accept digital yuan pay, and will incentivize adoption by granting discounts to central bank digital currency (CBDC)-paying passengers. Per the news outlet Shunwang-Jinan Daily (via e23), the city said that all of its bus routes’ software and card readers had been updated to allow all buses to accept payments in the Chinese CBDC. Jinan is the capital of Shandong, a…

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🌴 Will Smith, The Weeknd Back NFT Metaverse Land Investor Everyrealm Interest around the metaverse has exploded in recent months, and high-profile investors are now backing some of the rising builders in the space. Everyrealm is one such firm, and now the metaverse land investor/builder has expanded its list of celebrity backers. Everyrealm—previously Republic Realm, before spinning out from Republic—revealed this week that investors such as musician The Weeknd, actor Will Smith (via his Dream…

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👑 SEC accuses Galois Capital of misleading investors, custody failures The U.S. Securities and Exchange Commission (SEC) has charged Florida-based Galois Capital with serious compliance failures and investor misrepresentation. The charges relate to the firm’s failure to adhere to required custody practices and misleading information about redemption policies. According to the SEC’s order, Galois Capital, previously a registered investment adviser for a private fund primarily investing in cryp…

🐻 FCA charges man for operating crypto ATMs that handled $3.4m The FCA has charged a London man for illegally operating multiple crypto ATMs without registration, processing millions in transactions. The U.K.’s Financial Conduct Authority has charged a London man, Olumide Osunkoya, with unlawfully operating crypto ATMs without the necessary registration, marking the regulator’s first criminal prosecution involving unregistered crypto activity. In a Sept. 10 press release, the financial watchd…

🌴 Proof Launches Exclusive NFT Collection for Moonbirds Holders Proof, the Web3 startup behind the smash hit Moonbirds NFT collection, is launching its next digital art series—favoring its existing collectors. The new collection—"Moonbirds: Diamond Exhibition"—will feature 10,000 digital artworks created by 22 artists, including Beeple, Daniel Isles (aka Dirty Robot), Terrell Jones, Summer Wagner, and Michael Sidofsky. Those works will only be available, however, to Moonbirds holders who have …

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🐃 Sorare: latest news about NBA NFTs Recently Sorare launched Fantasy Basketball and signed a partnership with NBA and NBPA for American basketball fans. So, after entering the world of football and baseball, it has now arrived in the world of basketball with its digital trading cards. Below are some of the latest news from the famous gaming platform and some of the most popular cards. Crypto California Club – Subscribe

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🦁 Pudgy Penguins floor price rises as key metrics improve Pudgy Penguins, the viral Ethereum Non-Fungible Token collection, has defied the gloom in the industry. Data by CryptoSlam and Dune Analytics shows that its key metrics performed well even as the sector came under intense pressure. Total sales jumped by 29% in August to over $8.6 million as the number of transactions jumped by 73% to 348. Additionally, the number of buyers and sellers rose by 73% and 39% to 176 and 205, respectively. …

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