“Orthogonal’s default showcases how uncollateralized loans in [decentralized finance] are still reliant on centralized parties for underwriting, antithetical to the ethos of transparency and decentralization,” Walter Teng, vice president of digital assets at market research firm Fundstrat, told CoinDesk.
U.S. Judge Denies Motion to Dismiss Class Action Lawsuit Against DraftKings and Its NFTs
In this recent ruling, a court agreed that DraftKings' NFTs involved an investment of money, pooled assets into a common...