Tag Archives: AA News

The world’s leading cryptocurrency exchange – Binance – is launching a new NFT loan feature. It is designed to enable users to borrow cryptocurrency, using their non-fungible tokens as collateral. Binance continues its effort in the world of non-fungible tokens. According to a press release shared with CryptoPotato, the exchange is launching a new feature. It will allow users to borrow crypto while using their NFTs as collateral. However, it is worth noting that the loans...

The “Build ‘N’ Build” Chain, formerly known as the Binance Smart Chain (BSC) will be going through a hard fork in June. The network upgrade is called Luban and will introduce three evolution proposals. Let’s dive in. The BSC Luban upgrade is scheduled to take place on June 11th, provided regular network activity. It is a hard fork and will introduce the implementation of three evolution proposals (BEPs). Namely, these are BEP-126, BEP-174, and BEP-221. According to the...

Following OpenAI’s astonishing success, another project backed by its CEO Sam Altman has closed a significant funding round amidst a bleak year for crypto investments. The crypto ID project – Worldcoin – has raised $115 million in a Series C funding round led by Blockchain Capital. Other participants in the funding round include a16z, Bain Capital, and Distributed Global. Worldcoin, which falls under the umbrella company of Tools for Humanity, is a unique open-source protocol...

Growing PoS adoption reflects a glaring shift in the digital asset industry. While Ethereum and layer 2s networks have dominated substantial network activity conversation, Polygon has mostly kept a low profile this year. However, the latest stats show an uptick in the number of new addresses created daily on it. According to the data shared by crypto analyst and trader Ali Martinez, the number of new MATIC addresses created on the Polygon network daily on May 22nd stands at...

Florida Governor Ron De Santis has officially announced that he’s entering the United States 2024 Presidential race, poised to be former President Donald Trump’s greatest opponent within the Republican primary.  Unlike Trump, De Santis has pushed pro-crypto policy multiple times in the past and is staunchly opposed to Central Bank Digital Currencies (CBDCs). De Santis Would Protect Bitcoin De Santis announced his plans to run in a Twitter Spaces alongside the platform’s...

South Korea’s ruling party has called for early enforcement of the law that seeks the country’s lawmakers and high-level government officials to declare their cryptocurrency-related assets. The proposed bill would require local officials and lawmakers to declare all personal crypto holdings over 1 million Korean won (worth around $760). The move was prompted by a major crypto scandal involving a former lawmaker of the opposing party. Calls to Expedite Bill A report by Yonhap...

American basketball legend Shaquille O’Neal is facing a new lawsuit for promoting the Solana-based crypto project, Astrals. According to the class action lawsuit filed with a Floridan court by plaintiff Daniel Harper, Shaquille shilled the Astrals token through posts and videos on several of his social media handles. O’Neal Faces Lawsuit Over Astrals Project According to the lawsuit, Astrals is a 3D-modeled NFT collection founded by the NBA celebrity alongside his son, Mylers...

In response to the SEC’s arguments against its petition for a writ of mandamus, Coinbase said the financial regulator “is talking out of both sides of its mouth, and it is wrong at each end.” The crypto exchange’s chief legal officer Paul Grewal described the mandamus as “the tailor-made remedy for the extraordinary facts.” The longstanding dispute between the crypto exchange and the market regulator is at the heart of the battle. Last month, Coinbase sued the SEC, claiming...

Binance CEO Changpeng Zhao (CZ) published a tweet on Wednesday noting that China Central Television (CCTV) recently put out a broadcast related to digital assets.  The executive claimed that similar coverage has served as a catalyst for crypto bull runs in the past.  CZ provided a link to the broadcast which aired on May 23, and included a 98-second segment about Hong Kong regulators “Implementing a mandatory licensing system for virtual asset trading platforms,” beginning...

Users of the cross-chain router protocol Multichain have been reportedly experiencing delays in receiving their funds following an upgrade. There have also been rumors about the arrest of the Multichain team, which is yet to be confirmed. MULTI Sinks 24% in 24 Hours Several Multichain users have complained about their funds being stuck in the protocol for as long as 72 hours. Part of the problem seems to stem from a backend upgrade, which the team said is taking longer than...