Author: Nola Robert

Article written by Nola Robert

AI-powered data network and blockchain company, PlayFi Launches PlayFi Airdrop Platform

June 26, 2024 1 min read

PlayFi, an AI-powered data network and blockchain designed for the gaming industry, has launched the PlayFi Airdrop Platform, which will serve as the primary hub for earning points and engaging with the PlayFi community. According to the team, the platform offers various ways for users to engage and earn rewards, including engagement and rewards, foundational task questing, daily task questing, campaigns, and a 3x airdrop boost. Users can accumulate points

FTX crypto exchange and the IRS reach a $885 million settlement

June 5, 2024 2 mins read

The FTX exchange and the Internal Revenue Service (IRS) have negotiated a deal in which the insolvent exchange would make a payment of $885 million, far lower than the original demand of $24 billion made by the IRS. As per the agreement, FTX debtors are obligated to remit $200 million to the IRS within 60 days of approval. The remaining $685 million will be paid dependent on the availability of

What’s the Deal With Bitcoin ETFs?

May 24, 2024 2 mins read

Hey money nerds (and curious newbies!), let’s talk about Bitcoin ETFs, the new kid on the investment block. You might’ve heard whispers about Bitcoin, the king of crypto, but maybe the whole digital wallet thing feels a little too Wild West for your taste. Enter Bitcoin ETFs, your chance to invest in the Bitcoin game without the digital tumbleweeds. So, what’s the deal with Bitcoin Exchange-Traded Funds (ETFs)? Think of

The US SEC’s potential approval of a spot Ether ETF sparks excitement

May 21, 2024 2 mins read

Recently, the cryptocurrency community has speculated about the SEC approving a spot Ether (ETH) ETF. Eric Balchunas, a notable Bloomberg ETF analyst, tweeted that the ETF’s clearance was likely. Break out this news’ facts and ramifications. Increased Approval Chances: Bloomberg ETF analysts Eric Balchunas and James Seyffart increased the spot Ether ETF approval likelihood from 25% to 75%. Recent speculation suggests the SEC may change its position on this politically

Ripple Labs requests the court to seal sensitive documents in the US SEC case to protect its financial data

May 15, 2024 2 mins read

Ripple Labs requested the Southern District of New York to keep certain documents connected to the SEC’s Motion for Judgment and Remedies on May 13, 2024, confidential. The “Remedies Materials” provide financial data, including audited accounts, revenue, and expenses. Attorney Andrew J. Ceresney, representing Ripple, sent a letter to Judge Analisa Torres to clarify the motion. According to him, revealing Ripple’s financial status, business tactics, sources of income, and expenditure

Two US SEC lawyers resign after a Utah judge blasts the agency for power abuse in a crypto case

April 23, 2024 1 min read

Two US SEC lawyers resigned after a Utah federal judge accused the agency of “gross abuse” of power in a case against crypto firm Debt Box. The case accused Debt Box of defrauding investors of $49 million but was marred by false statements. The judge reprimanded the SEC’s actions, highlighting a significant misuse of authority by the SEC attorneys. The SEC dismissed the lawsuit, but the overseeing judge has yet

The US SEC’s silence casts doubt on Ethereum ETF approvals, worrying industry leaders

April 17, 2024 1 min read

Ethereum exchange-traded funds (ETFs) in the United States are being met with doubt and uncertainty as a result of the Securities and Exchange Commission’s (SEC) failure to effectively communicate with supporters. CEOs Jan van Eck and Eric Balchunas have voiced apprehensions on the likelihood of approval, namely for the month of May. Eric Balchunas, Bloomberg’s Senior ETF Analyst, has revised the probability of approval to 35% as a result of

US, UK probe Garantex’s $20B in crypto, eyeing sanctions evasion

April 1, 2024 1 min read

The United States and United Kingdom are conducting investigations into crypto transactions totaling over $20 billion that are connected to the Russian exchange Garantex. This underscores the worldwide difficulty of implementing sanctions in light of the ongoing conflict in Ukraine. The inquiry focuses on Tether (USDT) transactions conducted via Garantex, a company that was subjected to sanctions in 2022. The investigation is prompted by suspicions that Garantex may have facilitated

KuCoin and its founders face U.S. charges for illicit operations and evading anti-money laws

March 27, 2024 1 min read

Damian Williams, the top prosecutor of the U.S. Southern District of New York, and Darren McCormack, the temporary head of HSI New York, have revealed charges against KuCoin and its founders, Chun Gan and Ke Tang. The accusations pertain to illicit money transfer and violation of the Bank Secrecy Act, namely the absence of a comprehensive program to deter money laundering and terrorist funding, inadequate verification of client identities, and

US lawmakers are hopeful about approving crypto regulations before the upcoming November elections

March 21, 2024 1 min read

Legislators in the United States are hopeful that they may enact major crypto legislation before the November elections, and this includes Senator Cynthia Lummis and Congressman Patrick McHenry. McHenry thinks that the change in leadership from Kevin McCarthy to Mike Johnson as House Speaker has accelerated legislative progress, creating unique chances to adopt legislation pertaining to crypto in a year when elections are taking place. He has high hopes for

Over $11 million worth of XRP moved from Binance to an unknown wallet

March 8, 2024 1 min read

Over $11 million worth of XRP, equal to 18.91 million coins, was moved from Binance to an unknown wallet, marking a huge shift in the crypto market. This follows a similar event in which around 18.34 million XRP, worth $11.2 million, was transferred from Binance exchange to an unknown wallet. Furthermore, these large-scale trades, dubbed “whale movements,” have attracted debate and research within the bitcoin community. These significant withdrawals often

Binance exchange suspends Nigeria Naira (NGN) deposits

March 5, 2024 1 min read

Binance exchange has said it will leave the Nigerian market and stop all services that use the Nigerian naira (NGN), which is the country’s official currency. After March 8, the largest crypto exchange by trading volume will no longer let people withdraw NGN. Any leftover balances will be automatically converted to the stablecoin Tether (USDT). Furthermore, the exchange wants Nigerian users to make a smooth transition, so they have been