Tag Archives: AA News

The legal war between the United States Securities and Exchange Commission and Ripple Labs appears to be far from over. While the latter managed a partial win following a recent court ruling, the Commission doesn’t seem to be backing down just yet. According to a recent report by Bloomberg, the United States Securities and Exchange Commission has asked a federal judge to ignore key parts of the recent ruling in the agency’s case with Ripple Labs. The watchdog argues that the...

Stablecoins and central bank digital currencies (CBDCs) have been an ongoing point of discussion for a while now. Ripple – the company behind one of the world’s largest cryptocurrencies, XRP – has entered into a new partnership aimed at fostering support for both. According to a recent blog post, Ripple partnered with a company called  “SUPER HOW?” The partnership aims to become a catalyst for testing and issuing digital assets, which include stablecoins and central bank...

Andrew Griffith, economic secretary to the UK Treasury, said that equating crypto assets as a form of gambling would risk creating misalignment with international standards and approaches from other major jurisdictions, including the European Union. Responding to a Treasury Committee’s report on regulating crypto, Griffith said that such a move would potentially create unclear and overlapping mandates between financial regulators and the Gambling Commission. Regulating Crypto...

Binance’s venture capital and incubation arm, Binance Labs, has announced investing $10 million in LayerZero Labs-based lending and borrowing protocol, Radiant Capital. The capital raised in the strategic funding round will be deployed to tech and product development to expand on oracle support, collateral expansion, Ethereum mainnet deployment, cross-chain liquidations, dual-emissions support, abstracted repayments, and full LayerZero messaging support. According to the...

With a swath of Bitcoin spot ETF applications knocking at the regulators’ doorsteps, it’s only a matter of time before the U.S. Securities and Exchange Commission (SEC) is forced to issue a decision on whether or not to approve them. Estimates show that the agency may approve the first application as early as August. First Deadline Incoming According to Bloomberg ETF analyst James Seyffart, the ARK 21shares Bitcoin ETF – which has been denied alongside other spot ETFs in past...

The “BITCOIN” cryptocurrency has skyrocketed by over 300% in value over the past week – gains the world’s largest cryptocurrency could only hope to gain through a massive influx of investor capital. That said, a closer look shows that’s not exactly what happened. “BITCOIN” is actually the ticker symbol for a relatively new meme token, called HarryPotterObamaSonic10Inu (ERC-20). Data from CoinMarketCap shows that the token is suddenly generating over $14 million in daily...

The Solana network has not suffered any outages in the last five months and has been 100% uptime since February. The enhanced network performance marks a striking transformation from the previous year when layer-1 network outages caused severe disruptions. A new report released by Solana Foundation stated that the subsequent upgrades, including the rollout of QUIC TPU, Stake weighted QoS, and localized fee markets, have helped the network to handle high traffic and demand....

The Department of Justice (DOJ) of the United States plans to reinforce its team responsible for investigating cryptocurrency-related crimes with more prosecutors. The unit will also have a new leader, with Claudia Quiroz replacing Eun Young Choi at the helm. The team has played a major role in many of the DOJ’s crypto cases, such as bringing charges against Bitzlato and the investigation into Binance. Bringing NCET to ‘the Next Level’ The DOJ disclosed that it will more than...

The bipartisan legislation introduced earlier this week – titled the Crypto-Asset National Security Enhancement (CANSEE) Act – that seeks to regulate the decentralized finance (DeFi) sector has caused quite a stir. Cypto advocacy groups are voicing objection to the bill arguing that such an approach would stifle innovation in the United States. Coin Center, for one, lashed out at the bill and called it a messy, arbitrary, and unconstitutional approach to DeFi. CANSEE: A...

The leading cryptocurrency exchange Bitget revealed its plans to expand into the Middle East region, specifically the United Arab Emirates and Bahrain.  The financial heart of the UAE – Dubai – has turned into a hotbed of cryptocurrency activity, attracting numerous companies with its friendly approach to the industry. Binance, Bybit, OKX, and other exchanges have recently obtained approval to offer services in the area.  A Move Focused on ‘Core Values’ According to a...