Tag Archives: AA News

Less than two weeks after the court revoked Sam Bankman-Fried’s bail, his legal team has requested that his freedom be returned to him during weekdays, arguing that the confines of jail are, surprisingly, too restrictive and do not offer him the circumstances necessary to properly prepare for his upcoming trial. Improper Conditions SBF’s eye-watering $250 million bond was revoked on the 11th of August following the leak of Caroline Ellison’s private diary and other...

Orange prices have been on the rise since 2020, but this August, the commodities futures markets expect them to surge. At the same time, orange juice futures are hitting record highs: “In recent weeks, prices in the OJ futures market have topped $3 per pound. Around this time last year, prices were hovering at around $1.81 per pound. The price increase has been fueled primarily by short citrus supply around the globe.” Imagine how pricey oranges could get if the supply was...

On Aug. 15, the Ethereum Foundation listed projects and community events that received funding in Q2. Furthermore, the Foundation spent a total of $9.2 million supporting projects, conferences, and industry research. The largest number of recipients were community and education projects which included more than ten summits and conferences. Time to round up all the projects that received funding last quarter ? Read all about ‘em in our Allocation Update: Q2 2023 blogpost!...

Coinbase recently introduced “Base” to foster a community of developers dedicated to constructing decentralized features for its users. While Base is geared toward enhancing the exchange’s utility and encouraging greater customer engagement, this new blockchain attracted more than 500 fraudulent tokens in a relatively brief period. Scam token creators thrive on “hype, promise, and price and volume manipulation.” The fervor surrounding the Base network is no different in this...

Bitcoin is down for the week, but it’s still up about 50% YTD. Meanwhile, Bitcoin mining stocks have jumped by over 200% year-to-date. One miner stock, Cipher Mining (CIFR), is up by a whopping 389% for the year so far. Bitcoin price fell 10% against USD Thursday amid speculations that SpaceX might have sold its remaining holdings. That brings the most work-based cryptocurrency down to what may be a bargain price at this time in its halving cycle, at under $26,000. While...

Bitcoin’s price has basically been on pause since mid-June, as the asset trades range-bound since then. The exchange rate of BTC to USD remained above $29,000, with resistance at $30,000. It’s as if markets are waiting on the SEC’s spot Bitcoin ETF approvals. In fact, one metric of bitcoin’s price stability touched five-year historic lows at the beginning of August. Weirdly, BTC was even less volatile than U.S. stocks briefly this month. But with each new application for a...

The Australian Securities and Investment Commission (ASIC) has sentenced Melbourne-based cryptocurrency lending firm Helio for falsely claiming it held an Australian credit license (ACL) in August 2019. According to an official release from the ASIC, Helio was sentenced to a non-conviction bond and entered into a recognizance of A$15,000 ($9,600) for 12 months on the condition of good behavior. ASIC Sentences Helio The Australian securities regulator charged Helio in April...

The U.S. Securities and Exchange Commission (SEC) has filed a motion requesting permission to appeal a federal court ruling last month claiming that secondary sales of Ripple’s XRP token are not securities. The agency argued that there are still “substantial grounds for difference of opinion” regarding how securities laws apply to crypto, making frequent reference to a similar case involving Terraform Labs where the judge ruled differently. Ripple Case Not Over? The motion,...

A United States judge has ruled that the Securities and Exchange Commission (SEC) can seek assistance from the South Korean government in interviewing Daniel Shin, co-founder of Terraform Labs, along with Do Kwon. US District Judge Jed Rakoff ruled on Thursday that the SEC is permitted to utilize a procedure outlined in a 1970 treaty that regulates international evidence-gathering requests. Despite denying any misconduct, Kwon did not contest SEC’s request. As part of the...

The fervor that surrounded Bitcoin Ordinals seems to have waned, with sales volume dropping more than 97% from its all-time high in May 2023. However, some community members believe Bitcoin Ordinals are not dead, some others state that the earlier hype was a major cause of its crash, arguing that Bitcoin is better off maintaining its primary function as a store of value. A 97% Crash Within 3 Months Bitcoin Ordinals have seen a sharp decline in sales volume from its peak of...