Tag Archives: AA News

Binance doubled down its efforts on the non-fungible token sector as it announced support for Bitcoin NFTs on Tuesday amidst severe turmoil in the crypto industry. The exchange’s NFT marketplace is the latest contender to step into the Bitcoin NFTs ring following Magic Eden’s support for the same. According to the latest update, the newly added list includes Bitcoin Bandits, Bitcoin Frogs, Bitcoin Pizzas, Bitcoin Punks, Bitcoin Wizards, Block Legends, BTC DeGods, Clay Pepes,...

Bitcoin is up 4.5% on Tuesday despite back-to-back lawsuits from the U.S. Securities and Exchange Commission (SEC) targeting two of the world’s largest crypto exchanges this week. The event has triggered $94 million in liquidations across the market over the last day – mostly consisting of shorts. Per data from Coinglass, $61.5 million in short trades have been cleared over the past 24 hours, alongside $32.4 million in long trades. At writing time, Bitcoin trades for...

A judge ruled that FTX cannot join confidential mediation sessions between bankrupt crypto lender Genesis Global Holdco and its parent company Digital Currency Group (DCG). The ruling days after Genesis denied owing FTX anything. According to the Bloomberg report, US Bankruptcy Judge Sean Lane refused to open the settlement talks to the SBF-founded beleaguered crypto exchange, which claims that Genesis owes it $3.9 billion. In a ruling on June 5th, Lane stated, “There will be...

Coinbase (COIN) fell 13% on Tuesday after the U.S. Securities and Exchange Commission (SEC) launched a major lawsuit against the firm for violating securities laws.  Yet the agency isn’t alone: Alabama’s securities regulator is also targeting Coinbase, specifically for its failure to register its staking product.  The Need for Registration In a separate filing on Tuesday, the Alabama Securities Commission (ASC) announced that it had issued a “Show Cause Order” against...

The US Securities and Exchange Commission has filed a lawsuit against Coinbase – in what seems to be the latest turn of events. The motion comes a day after the SEC also filed against Binance. The two cryptocurrency heavyweights are under some serious fire, but a closer look into the lawsuit against Coinbase reveals some interesting details. One of the more interesting findings (or the lack of) in the SEC’s lawsuit against Coinbase is the list of altcoins that they consider...

On Monday, the U.S. Securities and Exchange Commission (SEC) pressed a slew of charges against Binance, marking one of the agency’s most significant enforcement actions against the crypto industry in history.  Let’s have a look at the regulator’s most stunning allegations against the exchange, alongside Binance’s response to its claims.  What Did Binance Do? The 136-page filing accused Binance and Binance US of partaking in “unregistered offers and sales” of crypto asset...

The Metropolitan Museum of Art (the Met) has agreed to return the $550,000 donations it received from bankrupt crypto exchange FTX last year. The donations were made by West Realm Shires Services, an affiliated entity of FTX responsible for overseeing the operations of FTX.US, the American division of the company. The firm donated around $300,000 to the museum in March 2022 and another $250,000 in May before FTX encountered a liquidity crisis in November, leading to its...

Ethereum gas fees spiked to their highest level since 2022 following May’s memecoin comeback championed by the emergence of “Pepe the frog” themed altcoin, PEPE. This trend, however, appears to have slowed down amidst a waning interest in PEPE despite transforming several investors into overnight millionaires. According to new data by on-chain analytic firm IntoTheBlock, the total Ethereum transaction fees declined by more than 16% this week alone. Total Ethereum transaction...

An El Salvador-based Bitcoin firm has begun the first phase of a planned $1 billion investment into sustainably powered digital asset mining in the country. The firm behind the project, “Volcano Energy,” said in a press release that its chief goal is to “position El Salvador as a prominent global player in the Bitcoin mining industry.” A Special Anniversary Announcement Volcano Energy’s announcement comes exactly two years after El Salvador President Nayib Bukele revealed...

The U.S. Securities and Exchange Commission (SEC) has mysteriously removed former commissioner William Hinman’s biography from its website. This occurs only 8 days before the court requires the SEC to provide unredacted copies of all of Hinman’s emails – widely viewed as paramount to the agency’s lawsuit with crypto industry giant Ripple.  Are Hinman’s Emails the Smoking Gun? On the SEC’s site, Hinman’s biography now only includes his name, photo, and his previous role as the...