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Famous rapper Kanye West plans to launch crypto token YZY. According to three people familiar with the project, Kanye will receive a 70% share, liquidity supply will account for 10%, and investors will account for 20%. The project information was disclosed by Yeezy Chief Financial Officer Hussein Lalani via email. The YZY token will be used as the official currency of the Yeezy brand and can be used for payment on its website. This move is seen as circumventing Shopify and others due to its...
Yzi Labs announced a $16 million investment in Sign, an on-chain infrastructure for token distribution and voucher verification. It is reported that Sign is aggregating verified credentials on the chain to build a larger network, thus creating a more transparent and secure token distribution infrastructure.
Gary Gensler, chairperson of the Securities Exchange Commission (SEC), said: "I believe the SEC has the legal tools to secure cryptocurrencies and, without prejudice, not all crypto tokens are securities."
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