Tag Archives: AA News

A New Hampshire district court judge has clarified that a security injunction ruled earlier in the legal battle between the United States Securities and Exchange Commission (SEC) and decentralized content-sharing and publishing platform LBRY applied only to direct sales of the project’s tokens. The ruling came during an appeal hearing on January 30, 2023, settling an agelong debate between the SEC and the crypto community. Judge Clarifies Ruling in LBRY v. SEC Case The court...

The world’s largest cryptocurrency exchange – Binance – joined forces with the multinational financial services giant – Mastercard – to launch a prepaid card in Brazil.  The partners previously rolled out such a feature in Argentina. As reported by Reuters today (January 30), the Binance card is still in beta testing and should be available to users in the following weeks.  It comes as a result of the exchange’s goal to “broaden the connection between traditional finance and...

On January 30, Sorare, a Paris-based startup specializing in blockchain-based fantasy football games, announced its partnership with the Premier League, the top tier of English football leagues. The collaboration will launch digital cards featuring Premier League players for the Sorare game. Sorare’s fantasy football game is currently valued at $4.3 billion, and the terms of the multi-year agreement with the Premier League have not been disclosed. However, it is estimated to...

Bankrupt crypto lending platform BlockFi received court approval to put its Bitcoin mining business up for auction.  The company plans to sell its equipment as fast as possible, to take advantage of currently favorable market conditions. Selling While They Can BlockFi lawyer Francis Petrie told US Bankruptcy Judge Michael Kaplan on Monday that the company has already received bids for many of its assets, and expects more to come, according to BNN Bloomberg. This comes a week...

The New York Department of Financial Services reportedly launched an investigation against Gemini, alleging that the cryptocurrency exchange told its 340,000 Earn users they were FDIC-protected. The program, which provided clients up to 7.4% APY on their holdings, went down after the platform’s partner – Genesis – halted withdrawals and filed for bankruptcy. The NYDFS Targets Gemini As reported by Axios, New York’s regulator started investigating the Winklevoss-led trading...

Elon Musk is moving ahead with plans to bring payment functionality to Twitter, bringing another revenue stream to the struggling social media giant.  Though the technology will primarily be fiat-focused, it will be built so that crypto-functionality can be added in the future. Twitter and Payments As reported by the Financial Times on Monday, Esther Crawford – Twitter’s Director of Product Management – has been working with a small team to map out the architecture for...

Tron’s Founder – Justin Sun – said one of his primary targets is to see TRX becoming an official payment method in five different countries by the end of 2023.  He believes one of the nations to embrace the asset could be his homeland China. The ‘Ambitious Goal’ In a recent Twitter thread, Sun raised hopes the native token of the Tron blockchain – TRX – could be accepted as legal tender by “at least” five nations this year. He posted the flags of Dominica and Sint Maarten,...

Stablecoins have been one of the most controversial areas of the cryptocurrency industry. But this has not deterred industry leaders to bring about new pegged tokens built on a secure foundation. The much-awaited Djed – which happens to be Cardano’s native overcollateralized stablecoin – is set to launch this week. Developed jointly by the layer 1 blockchain network, COTI, along with core Input Output Global (IOG) devs, the stablecoin is expected to benefit the overall...

Last year’s industry-wide meltdown has haunted Asian firms as they cautiously plot their recovery. China was once a hotbed for crypto mining and trading. Even after announcing a blanket ban on all digital asset activities more than a year ago, there’s reason to believe that the country may make a comeback in the space. Tron founder Justin Sun, who has a history of hyping the industry, also said China could embrace the asset class, especially after the implementation of a tax...

The popular Bitcoin price analyst Plan B has outlined a scenario that he predicts could propel Bitcoin’s price up to $1 million in the year 2025.  At a minimum, he expects the asset to rise above $100,000 that year – over 300% above its current price. Return to the Bull Market In a video published on Sunday, Plan B emphasized his belief that Bitcoin’s pump in January confirms that the asset’s 4-year cyclical price bottom is now behind us. From here, he forecasts the start of...