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Debt Box vs. SEC: Financial Technology Company Urges Judge to Dismiss Lawsuit, Citing Mistakes in SEC's Case

Debt Box Claims SEC Made Errors in Lawsuit Debt Box, a prominent financial technology company, is urging a judge to dismiss a lawsuit filed against them by the Securities and Exchange Commission (SEC). Debt Box alleges that the SEC made significant errors in its case, leading to the wrongful freezing of the company's assets. The incident has since been reversed, and Debt Box is now seeking to have the entire lawsuit dismissed based on these mistakes. SEC's Misleading Actions According to Debt Box, the SEC initially provided misleading information to the court, which resulted in the freezing of the company's assets. This action caused significant disruption to Debt Box's operations and reputation. However, upon further review, it was determined that the SEC had made critical errors in its case, leading to the reversal of the asset freeze. Grounds for Dismissal Debt Box is now arguing that the SEC's mistakes in the case are substantial enough to warrant the dismi

Habbo Shifts to Habbo Collectibles: A New Era in NFT Gaming

In a recent announcement, Habbo, the classic social web game, revealed its decision to pivot into the world of NFTs (non-fungible tokens). This move comes two decades after its launch as a visually-oriented chat room alternative. While the transition has received mixed reactions from Habbo fans, it is important to note that the company is not abandoning its NFTs like Neopets did. Instead, Habbo will be changing the terminology it uses to describe these digital assets. As reported by PC Gamer, Habbo will now refer to its NFTs as "Habbo Collectibles" in order to make it more accessible and understandable for both current and prospective players. This shift away from blockchain industry jargon, such as "NFT," "Web3," and "blockchain," is a common trend among brands and companies that have embraced NFTs. For instance, Reddit refers to its NFTs as "Collectible Avatars" and avoids using NFT terminology in its public communications. It is worth noting that this transition will not happen all at once, as Habbo intends to retain the branding of its Habbo NFT Twitter account and Discord server, at least for the time being. Habbo's NFT avatars were initially minted on the Ethereum mainnet, while subsequent collections, such as digital furniture, are minted on the Ethereum scaling network Immutable X. Owners of the 11,600 NFT avatars have exclusive access to a specialized server called Habbo X, and secondary market prices for these assets start at approximately 0.18 ETH ($275) on the OpenSea marketplace.