Tag Archives: AA News

DYDX Foundation, the non-profit organization behind the popular decentralized exchange (DEX) DYDX, has announced a new launch date for the public testnet of its Cosmos-based blockchain as it prepares to exit the Ethereum ecosystem later this year. According to the foundation, the testnet is set to go live next week on July 5, which is earlier than the previous schedule. The team estimated in March that the public testnet would launch by the end of July after the third...

Fidelity Digital Assets – the $4.5 trillion asset manager’s crypto-arm – has resubmitted its filing to launch a Bitcoin Spot ETF in the United States. Parts of the filing are virtually identical to BlackRock and ARK Invest’s respective submissions earlier this month. Fidelity Tries Again According to a 19-b4 filing with the U.S. Securities and Exchange Commission (SEC) on Thursday, the proposal would allow the Cboe BZX Exchange to list and trade shares of Fidelity’s Wise...

Asset management giant – BlackRock – believes that structural shifts like the rise of artificial intelligence (AI) have the potential to drive returns now and in the future. Its new report described the space as a “mega force” whose applications could disrupt entire industries. BlackRock found that S&P 500 gains have become increasingly concentrated in a handful of tech stocks, exceeding levels seen during the 2000s tech boom. The company believes that this “unusual”...

The lawsuit between Ripple and the United States Securities and Exchange Commission has taken center stage once again as the agency continues with its predatory approach. Earlier this month, the Commission filed a lawsuit against Coinbase for dealing with unregistered securities, calling out a number of coins for being securities. Interestingly enough, this list didn’t include XRP. Nonetheless, the financial watchdog has demonstrated a clear stance against crypto, and it’s...

Sui network has laid out the SUI token release schedule just a day after the team behind the layer 1 blockchain and smart contract platform dismissed allegations that they unlocked staking rewards and “dumped” them on Binance. The decision to share the details of the schedule is in the interest of transparency and open communication about the tokenomics, Sui said in a statement. SUI Token Distribution According to the data shared by the protocol, SUI token distribution is set...

The North Carolina House of Representatives has passed a bill that includes provisions to investigate the acquisition and potential benefits of Bitcoin and other cryptocurrencies. House Bill 721, titled “State Precious Metals Depository Study,” aims to examine the potential impact of a state securely holding, insuring, and liquidating virtual currency, with special emphasis on Bitcoin. The legislation received 73 votes in favor, 40 against, while seven participants were...

Cathie Wood’s ARK Invest has amended its Bitcoin Spot ETF filing to include a new surveillance sharing agreement, taking cues from the filing presented by investment giant BlackRock earlier this month. The modification may give ARK a better chance of getting its product approved by the U.S. Securities and Exchange Commission (SEC), which has denied every flavor of the product thus far. ARK’s Crucial Change According to ARK’s modified 19b-4 filing, the proposal suggests that...

In yet another case of a rug pull, Arbitrum-based Chibi Finance reportedly siphoned more than $1 million worth of various crypto assets. Notably, the protocol went live on Tuesday, but the developers managed to launder the stolen funds to other networks shortly after. On-chain analysis conducted by blockchain security platform CertiK revealed that Chibi devs deployed a malicious contract that enabled them to steal user funds from the protocol’s smart contracts. These funds...

Paradigm’s co-founder – Matt Huang – said the company “has never been more dedicated to crypto.” The venture capital firm has been involved in the industry for years by making substantial investments and leading numerous fundraisers. ’Excited About Crypto’  Huang assured in a new post on Twitter that Paradigm remains committed to the cryptocurrency sector. The VC giant will continue “to invest across all stages, publish original research, help portfolio companies develop...

Seychelles-based crypto exchange KuCoin is pushing for mandatory KYC upgrades as its competitors face regulatory challenges across various jurisdictions. In a bid to embrace global compliance requirements, KuCoin announced an upgrade of its KYC authentication rules and systems from next month onwards. Beefing Up KYC Measures The new rules mandate all newly registered users to complete KYC starting July 15 to access KuCoin’s full suite of products and services to ensure a...