Tag Archives: AA News

Prominent derivatives marketplace Chicago Mercantile Exchange (CME) Group has announced adding daily expirations for Bitcoin (BTC) and Ether (ETH) futures options contracts. Pending regulatory review, the two new additions will have expirations Mondays through Fridays. Bitcoin and Ether Daily Expiries According to the official press release, CME Group will offer new expiries for options on Bitcoin and Ether futures, with expirations available every day of the business week...

Former United States President Donald Trump may have earned between $100,000 and $1 million from the sale of his 45,000-piece NFT collection, according to data from his latest financial disclosure published by watchdog group “Citizens for Responsibility and Ethics in Washington” (CREW). CREW reports that Trump may have made the aforementioned amount from the sale of the NFTs, which were launched on December 15, 2022, and showcased his life and presidential career. Trump’s...

Several unsuccessful attempts later, the NBA superstar Shaquille O’Neal was finally served in an FTX class action lawsuit on Sunday. A Florida judge denied a motion to allow the FTX promoter to be served electronically after the law firm representing victims affected by the exchange’s collapse accused him of dodging service for months. The attorney leading the lawsuit, Adam M. Moskowitz, revealed serving O’Neal at his home on Sunday afternoon. In a statement, Moskowitz also...

TrueUSD (TUSD) has emerged as the fifth largest stablecoin by market cap after Binance began using the token as its dollar-pegged crypto of choice in late February.  Last week, the BTC/TUSD trading pair surpassed 50% of Binance’s Bitcoin trading share, overtaking BTC/USDT. Is TUSD Tether’s Next Rival? According to an analysis from crypto market data provider Kaiko on Monday, BTC/TUSD became the largest Bitcoin market on Binance last week following a period of overwhelming...

Securities and Exchange Commission (SEC) Chair Gary Gensler’s crusade against the crypto-asset industry has prompted political pushback. United States Representative Warren Davidson is the latest to retaliate. The Ohio Representative said he is introducing legislation to remove Gensler as the SEC boss in a bid to “correct a long series of abuses.” SEC’s ‘Unconstitutional Overreach’ The announcement comes after the SEC said that it would “modernize” the proposed redefinition...

Ray Youssef, the co-founder and CEO of peer-to-peer Bitcoin marketplace Paxful, said 88% of all suspended customer accounts have been unfrozen following the company’s recent decision to halt operations. With the latest development, Paxful has now freed $1 million of customers’ funds. Youssef further noted that he could not unfreeze the remaining 12% because he no longer has the authority to do so, as the accounts are now under the control of United States regulators. 3% of...

The Securities and Exchange Commission (SEC) has signaled intent to file another lawsuit against a crypto industry heavyweight – this time being cryptocurrency exchange Bittrex. The exchange, which announced the closure of its US operations last month, received a Wells Notice from the SEC at the time claiming it had violated investor protection laws.  Why Bittrex is Leaving America As reported by the Wall Street Journal, Bittrex general counsel David Maria said that the SEC’s...

The US government has been very critical of the crypto space, especially over the past few months. Its upcoming actions could trigger potential sell pressure in the near future, even as investors currently do not exhibit any bearish behavior. Prominent analytic firm, CryptoQuant, has identified four important dates – 26 May 2023, 7 August 2023, 19 October 2023, and 30 December 2023 – as there may be extra selling pressure from the United States government’s Bitcoin holdings...

On April 12, IMVU and Nadya Tolokonnikova, creator of Pussy Riot, a Russian feminist punk-rock collective, announced the creation of a community space in the Web3 metaverse during the NFT NYC 2023 event. According to Venture Beat, the Pussy Riot community space will be launched within the interactive 3D chatroom game IMVU. Additionally, the first 5,000 users who visit the metaverse and complete a free mission will unlock an NFT designed by Tolokonnikova. PUSSY RIOT’S FIRST...

A 55-year-old resident of Hong Kong has reportedly fallen victim to an online cryptocurrency investment scam and lost her entire savings worth nearly HK$7 million (almost $900,000). Such fraud cases have become quite frequent in the region lately. A study estimated that Hong Kong investors had lost around $50 million during the first half of 2022 due to crypto schemes. ‘Obtaining Property by Deception’ According to a South China Morning Post coverage, the woman fell prey when...