Tag Archives: AA News

Bankrupt cryptocurrency exchange FTX has filed a motion to remove its Dubai unit from the ongoing bankruptcy proceedings in the United States. According to a document submitted to the U.S. Bankruptcy Court for the District of Delaware, FTX Dubai did not conduct any business activities in the United Arab Emirates (UAE) before the global entity filed for bankruptcy and is unlikely to resume its operations. Dismissing FTX Dubai From Bankruptcy Proceedings FTX Europe established...

The American investment platform Robinhood released its financial results for the second quarter, revealing that crypto trading revenue plunged by 18% compared to the Q1 figures. One reason behind the downtrend could be the company’s decision to delist certain digital assets, deemed securities by the US SEC, such as Solana (SOL), Cardano (ADA), and Polygon (MATIC). The Latest Numbers Despite reporting solid overall profits in Q2, Robinhood announced that crypto trading...

Crypto trading platform Bitstamp has introduced an XRP lending service offering a “permanent” 2% yield, shortly after relisting the asset for trading last month. This puts XRP on an already sizable list of coins viable for 2% APY on Bitstamp, including Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether USD (USDT). Permanent Yield On XRP? As explained by Bitstamp in a blog post on Thursday, the company partners with Tesseract for its lending service, which “only lends...

The Tel Aviv Stock Exchange (TASE) inked a deal with the crypto custodian Fireblocks to offer “a comprehensive range of innovative and secure digital asset products and services.”  Israel’s only public stock exchange labeled the partnership as “crucial in the new era of innovation” since it could boost the future advancement of the cryptocurrency sector across the globe.  The TASE revealed that the collaboration with Fireblocks builds upon “the resounding success” of Project...

Arkham Intelligence, a leading blockchain-centric cybersecurity firm, recently launched “the world’s first on-chain intelligence exchange,” a platform where users can post bounties for whoever can uncover information related to the ownership of on-chain assets. The platform – which has generated quite some controversy already, partly due to inadvertently doxing its own early adopters – was launched together with ARKM, a proprietary token meant to facilitate the exchange of...

Records show one of United States President Joe Biden’s Senate closest allies placed a substantial financial wager against the country’s economy last month. The latest development comes amidst mounting regulatory pressures on the cryptocurrency industry by the US regulatory watchdogs that have argued that the asset class poses a serious threat to the economy. Shorting the US Economy According to reports, Senator Thomas Carpel, a member of the Senate Finance Committee,...

Crypto exchange Coinbase has revealed its launch date for Base – the Ethereum layer 2 blockchain designed to make transactions faster and cheaper than the underlying network. As of today, users can begin bridging ETH to base, with dapps “across the on-chain ecosystem” starting to enable Base support. Base: A Bridge To Crypto As published in a blog post from Base on Thursday, the Base mainnet will go live “for everyone and everything” on August 9. To commemorate the launch,...

The American gaming merchandise retailer – GameStop – announced it will remove its cryptocurrency wallets from the market as of November 1, 2023.  The entity launched those features in the spring of last year, enabling users to manage digital assets and non-fungible tokens (NFTs). The End of the Offering GameStop disclosed on its official website that it will remove its iOS and Chrome Extension wallets as of the beginning of November due to “the regulatory uncertainty of the...

The Ordinals protocol team announced the launch of a non-profit organization, dubbed ‘Open Ordinals Institute,’ to fund its open-source development. The Open Ordinals Institute is a registered 501(c)(3) California-based public charity that will collect donations in Bitcoin to back the protocol’s development by funding its core group of developers. The focus will also be on the creation of user-friendly tools to enable less technically proficient users to create Bitcoin...

Bloomberg ETF analysts have boosted their approval odds for a U.S. Bitcoin (BTC) spot ETF from 50% to 65%, in light of “recent events and new information.” The analysts believe it is most likely that the Securities and Exchange Commission (SEC) will simultaneously approve all recent applications for the product after Grayscale defeats the agency in federal court. The ETF Approval Thesis As published by analysts James Seyffart and Eric Balcunas to Bloomberg Terminal, a flurry...