News Explorer — Friend.tech Renames Its Token—But Is It Even Legal?

Friend.tech, a social token platform, has experienced a surge in popularity, attracting celebrities and raising concerns of it being a Ponzi scheme. The platform recently changed the name of its core asset from Shares to Keys, possibly to avoid scrutiny from the SEC. While the tokens on Friend.tech may not be considered securities, how they are marketed and distributed could potentially make them fall under securities regulations.

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Friend.tech Renames Its Token—But Is It Even Legal?

Friend.tech, a social token platform, has experienced a surge in popularity, attracting celebrities and raising concerns… Read Summary

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Bitcoin Developers Say Craig Wright May Be Admitting That He Stole 80,000 Bitcoin from Mt. Gox

Attorneys for the Bitcoin Core developers targeted by Craig Wright have filed a preliminary issue application with the U… Read Summary

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K-Pop Titans Blackpink Launch Roblox Metaverse Experience

Blackpink, the popular Kpop group, is launching a dedicated fan hub on Roblox called Blackpink The Palace. Fans will hav… Read Summary

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Gaming Influencers FaZe Banks, Nadeshot Among Friend.tech’s Top Earners

Prominent esports influencers Ricky “FaZe Banks” Bengston, Nordan “FaZe Rain” Shat, and 100 Thieves CEO Matthew “Nadesho… Read Summary

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Friend.tech Founders Say Viral Crypto App Is Surprising Them Too: ‘We Want to Catch Our Breath’

Friend.tech, the decentralized social media platform built on Coinbases Base scaling network for Ethereum, has generated… Read Summary

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Friend.tech Is Crypto’s Latest Obsession—But Critics Say It Won’t End Well

Friend.tech, a decentralized social media app, has gained significant popularity in just ten days after its launch. It h… Read Summary

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Coinbase Buys Stake in Circle, Dissolving USDC Issuer Centre

Centre Consortium, the issuer of the second-largest stablecoin USDC, has been dissolved as Coinbase acquires a minority… Read Summary

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‘Disappointing’ ETF Decisions By SEC Blamed for Bitcoin Outflows

The lack of decision-making by the SEC regarding a Bitcoin ETF has disappointed institutions, leading to a significant s… Read Summary

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Aug 21, 12:52 pm

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Titan Global Capital Management has agreed to pay over $1 million in fines to the SEC for misleading investors about its… Read Summary

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Aug 21, 9:57 am

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Kenyan Government Launches Committee to Examine Worldcoin

The Kenyan government has formed a parliamentary committee to investigate Worldcoin, following the suspension of its ope… Read Summary

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Aug 21, 6:49 am

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The FBI Has Confiscated $1.7 Million Worth of Cryptocurrency

The Federal Bureau of Investigation (FBI) has seized nearly $1.7 million worth of cryptocurrency between March and July… Read Summary

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Terra Warns Users About Hacked Website Enlisted in Phishing Attacks

Terra has issued a warning to its users to avoid interacting with sites using the terradotmoney domain, as it was hacked… Read Summary

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Aug 21, 6:09 am

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China Is Taking Its Social Credit System to the Metaverse: Report

China Mobile, a state-owned telecom firm, has proposed creating a Digital Identity System to bring its controversial soc… Read Summary

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