Formfunction to Shut Down • Formfunction, the one-on-one NFT marketplace based on the Solana blockchain, announced its plans to shut down the platform amid NFT’s trading volume and prices slump. • The price of SOL token has also decreased significantly, currently hovering around $20 compared to January 2022 price of $100. • Daily unique buyers
• The Rehabilitation Trustee has extended the registration deadline for claims against Mt. Gox from March 10 to April 6, 2023. • Mt. Gox suffered a massive hack in 2014 which resulted in the loss of 850,000 BTC and declared bankruptcy shortly after. • Creditors have difficulty registering their claims due to complex and extensive
• SEC Enforcement Action on Paxos causes setbacks for BUSD Stablecoin • BUSD’s Market Capitalization Plummets from $23.49 Billion to Below $10 Billion • Binance Facing Regulatory Issues and Potential Lawsuits from US Regulators Recent SEC Action Causes Setbacks for BUSD Stablecoin The US Securities and Exchange Commission (SEC) recently took enforcement action against the