Tag Archives: AA News

The United States Securities and Exchange Commission (SEC) has given up its slot as one of the first creditors to be repaid by the insolvent crypto lending platform BlockFi. The move comes as the SEC is facing intense pressure from a legal battle against the cryptocurrency exchange, Binance. U.S. SEC Forfeits Front-Row Seat for Investors Earlier last year, BlockFi agreed to a $100 million settlement imposed by the U.S. SEC for failing to register its crypto lending products...

In a bid to recover as many assets as possible and potentially even reboot FTX, the bankrupt exchanges’ new leadership has been filing clawback requests from previous business partners and donation recipients. Clawback requests have also been filed against former executives, including SBF himself, although the amounts subject to possible returns from executives pale in comparison to the amounts requested from other platforms, such as Genesis. Spurious Investments Yesterday,...

Dogecoin-killer Shiba Inu spiked on Thursday after one of the ecosystem’s lead developers revealed new functionality that will affect NFTs within the upcoming Shibarium ecosystem. The upgrade will let users link NFTs to real-world assets to provide authentication and proof of ownership for physical items. Shibacals: Proof of Ownership On Shibarium Shibarium is a metaverse and NFT-focused layer 2 blockchain that will operate using the Shiba Inu ecosystem’s three tokens: SHIB,...

Binance’s U.S. subsidiary has challenged claims from the Securities and Exchange Commission (SEC) that the company mismanaged user assets as “misleading.” In a motion filed on Wednesday, the exchange pointed to contradictory statements from the regulator suggesting that customers’ assets have not, in fact, been transferred outside of the United States. The SEC’s Conflicting Statements In screenshots from a Wednesday filing later shared by Binance CEO Changpeng Zhao (CZ),...

The oldest tennis tournament – the Wimbledon Championships (simply known as Wimbledon) – will introduce artificial intelligence-based audio commentary and player analysis for this year’s competition.  The initiative comes after a collaboration between International Business Machines (IBM) and The All England Lawn Tennis Club. New Feature for Fans As revealed by IBM, the upcoming tool will allow tennis enthusiasts to observe key moments of matches with audio commentary. The...

World Mobile – a mobile network built on blockchain technology – said it will launch a token buyback scheme to aid the sustainable growth of its sharing economy.  The entity’s treasury will purchase its native utility token WMT from the open market and distribute rewards to its ecosystem’s participants. World Mobile’s Latest Step According to a press release seen by CryptoPotato, the organization has already executed such a buyback on May 29. The program mainly focuses on...

Struct Finance – a Decentralized Finance (DeFi) platform that allows customers to engage with tailored structured monetary products linked to cryptocurrencies – announced the mainnet launch of its tranching mechanism and innovative Interest Rate Vaults. The initiative enables users to invest in products according to risk tolerance, providing predictable returns.  Reaching Investors With ‘All Risk Appetites’ According to a document seen by CryptoPotato, Struct Finance’s new...

Haru Invest – a South Korean platform that provides various options to invest in cryptocurrencies – will reportedly lay off more than 100 members of its workforce. The layoffs will become official on June 23. The decision comes several days after the company suspended deposits and withdrawals due to an issue with one of its service providers.  According to recent coverage, Haru Invest terminated the contracts of over 100 staff members. They received the news from CEO...

The popular cryptocurrency custodian BitGo will not be acquiring Prime Trust, according to the latest company announcement. BitGo took it to Twitter to reveal that it will discontinue the acquisition of Prime Trust. After considerable effort and work to find a path forward with Prime Trust, BitGo has made the hard decision to terminate the acquisition of Prime Trust. This decision was not made lightly and BitGo remains committed to our mission to deliver trust in digital...

Bitcoin’s price has recently taken for the skies lately with an increase of upward of 20% in the past seven days alone. The cryptocurrency is already trading at around $30K, returning the bullish sentiment in the industry following days of a painful chop and downward movements. And while analysts are presenting their technical thesis for the next possible targets of BTC, we decided to talk to ChatGPT and see what needs to happen for it to reach the coveted $40K mark. 7...