Business Sandesh Indian Newspaper | Articles | Opinion Pieces | Research Studies | Findings & News | Sandesh News

Nike is facing a $5 million lawsuit after the abrupt shutdown of its once-promising NFT project, highlighting the growing legal risks associated with the volatile digital collectibles market. According to court documents filed this week, a group of investors has sued Nike, alleging that the company misrepresented the long-term viability and value of NFTs sold under its now-defunct initiative. The …

Crypto exchange Bitget has filed legal action against eight trading accounts allegedly involved in manipulating the price of VOXEL tokens, resulting in over $20 million in damages. In a statement released today, Bitget said it uncovered a coordinated effort by the accounts to artificially inflate the market for VOXEL, the native token of the gaming platform Voxies. The exchange alleges …

A regional governor in Russia has proposed an innovative solution to revive struggling Bitcoin mining operations by harnessing excess natural gas supplies. Amid growing challenges for miners, including rising energy costs and regulatory uncertainties, the initiative seeks to turn untapped gas resources into a sustainable energy source for cryptocurrency mining. The proposal comes from the governor of Russia’s Irkutsk region, …

In a move poised to reshape the global blockchain landscape, the Trump-backed World Legal Finance Initiative (WLFI) has signed a Letter of Intent (LOI) with the Pakistan Crypto Council to jointly promote blockchain adoption across South Asia. The strategic partnership, announced today, signals a major step forward for blockchain development initiatives in emerging markets. WLFI, known for its focus on …

Nasdaq, one of the largest stock exchanges in the world, has called on the U.S. Securities and Exchange Commission (SEC) to establish a comprehensive, four-tier rulebook for the cryptocurrency industry, demanding much-needed regulatory clarity for digital assets. In a recent statement, Nasdaq emphasized that the current regulatory framework for cryptocurrencies is insufficient and has created significant uncertainty for both investors …