Tag Archives: AA News

In a significant development in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and major cryptocurrency exchange Binance, stablecoin issuer Circle has intervened, asserting that stablecoins should not be categorized as securities under existing financial regulations. This comes after earlier this year, Binance faced several legal accusations from regulators with the charges based on the exchange’s role in enabling transactions in multiple...

Fortnite developer – Epic Games – has confirmed reports about laying off around 16% of its employees, affecting nearly 830 staff members. Epic CEO Tim Sweeney said the company has been working towards reducing costs across the globe, including its transition to “net zero hiring and cutting operating spend on things like marketing and events.” However, Epic has been significantly short of financial sustainability, forcing the company to resort to layoffs in a bid to...

Zhu Su, the infamous co-founder of the now-defunct crypto hedge fund Three Arrows Capital, has been reportedly apprehended in Singapore. This comes amid the amassing issues against his former hedge fund and his newly launched crypto exchange – OPNX. Citing an email update seen by The Business Times (Singapore), the report indicated that Su was apprehended at Changi Airport when trying to leave the city-state. Additional reports shed some more light on the matter, claiming...

Binance announced the sale of its Russian entity to a relatively unknown company called CommEX, the transaction of which raised several questions and concerns within the crypto community, primarily due to the limited information available about the company and its ownership. Moreover, CommEX was officially launched on Tuesday. To address these concerns and provide clarity, Binance CEO Changpeng ‘CZ’ Zhao took to X (formerly Twitter) to provide insights into the deal and its...

Leading digital asset exchange, Crypto.com, announced a partnership with global payments giant PayPal to become the preferred exchange for the recently launched PayPal USD (PYUSD). According to an official release, the collaboration builds on the firms’ existing integrations, including a top-up service between PayPal and the Crypto.com Visa Card. Crypto.com Becomes Preferred Exchange for PYUSD Crypto.com listed PYUSD on its platform two weeks after PayPal launched the...

The EOS Network Foundation (ENF), a non-profit organization coordinating the development of the EOS Network, has partnered with metaverse super application Upland and sustainability platform Aerial to foster an initiative that will turn EOS into a climate-positive blockchain network. According to a statement sent to CryptoPotato, the collaboration with Upland and Aerial will enable the EOS Network to move its sustainability efforts from being one of the world’s carbon-neutral...

Marathon Digital Holdings (MARA), a prominent Bitcoin mining company, has reportedly mined an invalid Bitcoin block at height 809478. According to various developers, miners, and researchers, the invalid Bitcoin block resulted from a wrong transaction ordering. Anonymous Developer Exposes Transaction Ordering Issue The issue was first brought to light by an anonymous Bitcoin developer known as 0xB10C, who took to social media platform X to report the incident. According to...

With the odds of a US government shutdown increasing by the day, the Securities and Exchange Commission (SEC) is reportedly looking to expedite Ethereum Futures exchange-traded funds (ETFs) approvals, according to senior Bloomberg analyst Eric Balchunas. Meanwhile, the SEC remains hesitant to approve spot Bitcoin ETF applications, with the agency recently delaying its decision on a couple of filings. An Ethereum Futures ETF Likely to Launch Soon Eric Balchunas said the SEC...

Crypto trading platform Coinbase has received regulatory approval from the Bermuda Monetary Authority (BMA) to bring perpetual futures trading to retail customers outside of the United States. Following Thursday’s announcement, COIN shares popped 6.81% on the day. Perpetual Futures Comes to Retail In the company’s announcement on Thursday, Coinbase framed its offering as part of its “Go Broad, Go Deep” strategy – an effort to partner with global regulators who are working to...

Sam Curry, a security engineer at Yuga Labs, was at the center of a federal investigation conducted jointly by the Internal Revenue Service’s Criminal Investigation Division (IRS-CI) and the Department of Homeland Security (DHS). The investigation traces back to Curry’s involvement in uncovering a cryptocurrency phishing website in December 2022. Sam Curry’s Encounter with Federal Agents Curry shared the incident on his X account, detailing the events that led to his subpoena...