The United States District Court for the Central District of California has issued a summons to video game virtual goods company OPSkins Group and Worldwide Asset eXchange (WAX) in response to a complaint filed by Crypto Asset Fund. The allegations On Aug. 15, the court issued a summons to OPSkins Group, WAX and several of their high-level employees in response to a civil complaint filed on Aug. 12 by Crypto Asset Fund and affiliate Digital Capital Management. The complaint included 12 charges — including fraud, unlawful business practices and violation of the Securities Acts of 1933 and 1934. In particular, …

Disclaimer: This story is a follow-up to a piece published by Cointelegraph Aug. 13, which appears to be based on flawed sources and which should consequently be considered incorrect. American legendary professional boxer Mike Tyson has denied news putting forward his support for a blockchain-based platform for fighters dubbed Fight to Fame, which is allegedly a fraudulent scheme. In a tweet published on Aug. 14, Tyson said: “I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight to Fame now or in the future. Any media reporting my …

Aug. 16 Update and Disclaimer: In response to this piece, as well as the VentureBeat story on which it is based, Mike Tyson and his wife and manager Lakiha Spicer have denied involvement with Fight to Fame, which is an alleged fraudulent enterprise. Cointelegraph has issued a correction piece including Tyson’s commentary, which can be read here. The below should not be taken as factual. Iconic American boxer Mike Tyson is spearheading a new blockchain-powered cross-entertainment platform for a new generation of fighters. On Aug. 13, VentureBeat reported that the new venture — dubbed “Fight to Fame” — will use …

Ethereum co-founder said that the future of crypto is pluralist in response to a recent proposal of mixing the Bitcoin Lightning Network (LN) with Ethereum. Blockade Games using Bitcoin LN as an interface for Ethereum contracts On July 31, blockchain-focused game developer Blockade Games posted an article on implementation of Bitcoin LN as an interface for Ethereum contracts in order to enable instant payments in Bitcoin, while simultaneously triggering a series of events on Ethereum, or any other chain. Ethereum co-founder Vitalik Buterin tweeted on the news on Aug. 2, drawing attention to the fact that a blockchain developer used …

The United States National Basketball Association (NBA) and its affiliated union — the National Basketball Players Association (NBPA) — have partnered with Dapper Labs of CryptoKitties-fame to release a new crypto collectibles game. According to an official announcement on the NBPA website, the upcoming game is scheduled to launch in early 2020. The game, called NBA Top Shot, will be a roster-building competitive game that is based on crypto collectibles. According to the announcement, fans will be able to gather live footage of NBA games that can then be used in some capacity to build a competing roster for the …

The United States Securities and Exchange Commission (SEC) has cleared a crypto gaming company to issue blockchain tokens without registration, deeming the tokens to not be securities. Pocketful of Quarters (PoQ) was co-founded by George B. Weiksner, an eighth-grader who is listed as the current CEO. Weiksner apparently is a regular speaker about cryptocurrencies and games and has been published by Marketwatch and ICO Investor TV. The SEC published its determination on July 25 via the commission’s website, as a reply to an apparent inquiry from PoQ on its proposed “Quarters” tokens. Jonathan Ingram, the chief legal advisor of the …

An esports platform with a working product on the Ethereum mainnet says it is tackling the centralized nature of the online betting industry by enabling users to place wagers with their friends and family instead of old-fashioned bookmakers. Hero says it has amassed more than 260,000 registered users and a community in which anyone can create contests based on a plethora of sporting events. In recent months, the company has focused its resources on offering compelling markets for titles such as Dota 2, League of Legends and Counter Strike: Global Offensive, with more than 5,000 contests depicted on the Ethereum …

United States blockchain-based rewards and marketing company Refereum has announced a partnership with a South Korean online games developer and publisher to expand its in-game rewards scheme. 8 million players to gain access to tokens In a press release shared with Cointelegraph and subsequent blog post July 23, Refereum, which pays users in its in-house RFR token, said the feature would now roll out to players of Playerunknown’s Battlegrounds, developed by PUBG. The game is one of the most popular for Xbox, with over 8 million sales. The rewards scheme will feature a first for the company, allowing players to …

A blockchain platform and a mobile gaming company have unveiled a partnership designed to benefit hundreds of millions of users. High Performance Blockchain (HPB) has announced it is the first public chain to team up with gaming company Shanghai Youwan — paving the way for widespread adoption by the customers of some of China’s biggest brands. According to HPB, this integration means that its coins can be converted into in-game currency that can be used on an array of titles. Players will also have the freedom to make conversions into in-game credits compatible with all companies under the Ping An …

A blockchain mobile gaming platform says it allows players to get the “true ownership” of their digital assets and enables “secure trading” with other users. Itam Games has created an ecosystem, which includes a store and exchange, in which users can trade their in-game digital assets — or nonfungible tokens (NFT) — such as achievements, leaderboards, items and accounts. The users can try Itam’s system with its new blockchain-based role-playing game Dark Town. The players can pick up NFT during the gameplay, gain ownership of the collected assets as well as keep, transparently trade and manage them on their personal …

Reddit co-founder Alexis Ohanian’s venture fund led a $3.75 million seed round for blockchain-powered video game studio Horizon Blockchain Games. According to a press release on July 17, Ohanian’s venture fund Initialized Capital led the new seed round alongside other major blockchain investors such as Polychain Capital and Digital Currency Group. Other investors included popular American crypto exchange and wallet service Coinbase, Golden Ventures and Inovia Capital. The secured funds will support Horizon’s goal of further integrating blockchain tech in the gaming industry. The company has created a blockchain video game network named Arcadeum, which provides players with secure wallets …

Ohio-based professional basketball team the Cleveland Cavaliers (The Cavs), along with its associated esports club Cavs Legion GC, have partnered with the cryptocurrency firm UnitedCoin. The National Basketball Association (NBA) announced the new partnership in a press release on July 15. The partnership will reportedly be used to advertise UnitedCoin and provide the Cavs with an inroad to the fintech sector via cryptocurrency. For the Cavs, one aspect of this partnership will reportedly be LED signage inside Rocket Mortgage FieldHouse during Cavs games. The Cavs Legion will reportedly advertise UnitedCoin as its official cryptocurrency partner. Within NBA 2K, this means …