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New Law Will Force Companies To Admit You Don't Actually Own Digital Games


AB 2426, a newly passed piece of legislation in California signed into law earlier this week by governor Gavin Newsom, will force companies selling digital goods—like games—in the state to warn consumers that they don’t actually own that content, but instead are licensing it and could lose access...

86 Million Tokens Set for Distribution in Eigenlayer’s Season 2 Stakedrop


The Eigen Foundation has launched its Season 2 stakedrop, offering EIGEN tokens to stakers, ecosystem partners, and community members who contributed to the Eigenlayer network. Token claims will open on or before September 17, 2024, with rewards based on participation in staking, contributions...

SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan


The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto...

Kraken Completes Mt Gox Bitcoin and Bitcoin Cash Distribution to Creditors


Crypto exchange Kraken has completed the distribution of bitcoin and bitcoin cash from the Mt. Gox estate to creditors, marking the end of a decade-long process. Kraken CEO David Ripley expressed gratitude for the Trustee’s efforts in preserving the coins’ value despite legal...

Are Physical Games Dead? It’s More Complicated Than You Might Think


In 2007, console gaming got its first day-and-date digital release. The sci-fi war shooter Warhawk for the PlayStation 3 was sold as a Blu-ray disc in stores but was also available to buy digitally on PSN. The game is mostly forgotten now, but it was the first domino to fall in digital’s slow...

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