Day: May 13, 2025

Animoca eyes New York listing, cites Trump’s crypto-friendly stance

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Hong Kong-based Animoca Brands is preparing for a potential listing in New York, citing US President Donald Trump’s relaxed regulatory stance on digital assets as a window of opportunity to enter the world’s largest capital market. Animoca executive chair Yat Siu told the Financial Times that an announcement could be made soon, with the company currently evaluating various shareholding structures. Siu said the decision to pursue a US listing would not hinge on market conditions but rather on timing and strategic positioning. Animoca, which was delisted from the Australian Securities…

Crypto execs cheer as Australia appoints pro-crypto assistant minister

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Australia’s crypto industry has expressed positivity after the recently reelected government named pro-crypto politician Andrew Charlton as assistant minister for the digital economy, artificial intelligence and other emerging technologies.  Prime Minister Anthony Albanese told reporters in Canberra during a May 12 press conference that Charlton would be the new assistant minister for science, technology and the digital economy, working with Tim Ayres, the minister for industry and innovation.  Ayres and Charlton will administer policies and programs promoting advancements in emerging technologies, science, technology, innovation and the digital economy, according to…

Caitlyn Jenner memecoin buyers to regroup after judge tosses suit

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The lawyer for a group of Caitlyn Jenner memecoin buyers said they will continue their legal fight against the ex-Olympian after a judge threw out the case for failing to adequately support the securities and fraud claims it brought. Jenner had escaped a class-action lawsuit from buyers of her self-titled memecoin, Caitlyn Jenner (JENNER) after California District Court Judge Stanley Blumenfeld Jr. said in a motion filed on May 9 that it was “sufficient to conclude that all nine causes of action are deficient” and sided with Jenner in dismissing…

Craig Wright sent enemies to legal ‘hell,’ says judge in restraining order

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A British High Court has issued a restraining order against computer scientist Craig Wright preventing him from filing further defamation suits.  In a May 12 judgment, High Court Judge Edward Mellor said Wright’s repeated false claims and aggressive legal actions created legal “hell” for individuals and developers in the Bitcoin (BTC) community, adding that Wright sought to “weaponise legal systems” to intimidate and silence critics. His lawsuits forced people into costly and time-consuming legal defenses, often based on fabricated evidence, the judge added as he handed out a General Civil…

Trump-owned Truth Social denies it is launching a memecoin

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Truth Social, the social media network owned by Trump Media, has denied it is launching a memecoin following circulating rumors on social media. “Contrary to rumors, Truth Social is not launching a memecoin,” the official Truth Social account posted on its platform. The social media platform is owned by the Trump Media & Technology Group, with US President Donald Trump owning a majority stake in the company. “There’s no truth whatsoever about Truth Social launching a memecoin. Don’t be fooled by false information people are circulating,” Donald Trump Jr., the…

Cardano (ADA) Dips: Temporary Correction or Start of Deeper Move?

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Cardano price started a fresh increase above the $0.750 zone. ADA is now correcting gains from $0.8650 and testing the $0.7750 support. ADA price started a decent increase above $0.750 and $0.7750. The price is trading below $0.80 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.820 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.80 resistance zone. Cardano Price Dips To Support In the…

SEC hacker once Googled ‘if I am being investigated by the FBI’

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Eric Council Jr., the SIM swap hacker who helped compromise the Securities and Exchange Commission’s X account last year, made $50,000 performing similar attacks and even searched how to tell if the FBI is investigating him, recent filings show. The recent filing was part of the prosecutor’s request to sentence him to two years in prison over his role in the hack, which saw the SEC X account publish a false announcement that a spot Bitcoin exchange-traded fund was approved, shaking up the markets.  Council searched: “How can I know…

SEC permits Dell to dismiss shareholder Bitcoin proposal

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Key Takeaways Shareholders want Dell to embrace Bitcoin, but the SEC rules proposal can be dropped. Dell argued the proposal concerned ordinary business operations and should remain under management’s control. Share this article The US SEC has granted multi-billion dollar tech firm Dell Technologies permission to exclude a shareholder proposal that would have required the company to evaluate Bitcoin as a potential treasury reverse asset, according to a recent letter issued by the agency. The proposal, put forward by the National Center for Public Policy Research (NCPPR) in January, sought…

Dubai taps Crypto.com to enable crypto payments for govt services

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The government of Dubai has signed an agreement with crypto exchange Crypto.com to launch crypto payments for government services.  The agreement, formalized during the Dubai fintech Summit on May 12, is part of Dubai’s cashless strategy, which hopes to foster the city’s transition to “a fully digital, cashless society,” by introducing “a new digital payment channel across its official platforms,” the Dubai Department of Finance (DOF) said on May 12. Once the service goes live, individuals and business customers of government entities can pay service fees with crypto through Crypto.com’s…

XRP Price Retraces Gains But Maintains Its Bullish Structure

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…