Month: January 2023

Ooki DAO misses lawsuit response deadline, default judgment on the cards

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The Commodity Futures Trading Commission (CFTC) has begun the process of getting a default judgment in its case against Ooki DAO after the latter missed the deadline to respond to the lawsuit.  According to a Jan. 11 court filing, the regulator has requested the court for an “entry of default” against the decentralized autonomous organization (DAO), stating it had missed the deadline to “answer or otherwise defend” as instructed by the summons.  If approved, the entry of default will establish Ooki DAO has failed to plead or defend itself in court…

XRP Tops List Of Gainers As Whale Interest Spikes

XRP has been on the front lines of crypto news for the past couple of weeks as Ripple’s lawsuit with the Securities and Exchange Commission (SEC) heats up. The increased attention has translated to more market movement, and whales are looking to take advantage of this. Whales Move Into XRP XRP’s trading volume saw a spike on Tuesday following the upward rally in the crypto market. This saw an increase in the price of the digital asset but perhaps most important for the day was the fact that Binance Smart…

Brazilian Cryptocurrency Law Likely to Be Reviewed by Lula’s Government – Regulation Bitcoin News

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The recently approved Brazilian cryptocurrency law will likely be reviewed and revised by the newly inaugurated government of Luis Inacio “Lula” Da Silva. According to statements made by the former rapporteur of the law, Expedito Netto, the new government will likely review the law to include some issues that were left behind for its approval. Brazilian Crypto Law Still Not Final, Former Rapporteur States The recently sanctioned Brazilian cryptocurrency law will likely be reviewed by the newly appointed congress of the country, according to statements made by its former rapporteur,…

FTX Finds $5B, Bitcoin Extends Rally

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Bitcoin (BTC): The largest cryptocurrency by market value was recently trading at the $17,500 level, almost the same from the past 24 hours. In futures trading, the three-month BTC futures listed on the Chicago Mercantile Exchange, widely considered a proxy for institutional activity, are drawing a premium over the cryptocurrency’s going spot market price for the first time since FTX went bust. Equities closed higher as traders eyed Thursday’s U.S. inflation report. The tech-heavy Nasdaq Composite closed up 1.7%, while the S&P 500 and Dow Jones Industrial Average (DJIA) were…

Kingdomverse Hosts the King’s Crown Mobile Game Tournament with Cash and Crypto Prizes Alongside SAKURA GUILD GAMES

Place/Date: Hong Kong – January 11th, 2023 at 10:22 pm UTC · 2 min read Source: Kingdomverse Kingdomverse, the first “Mobile Games Metaverse” will host the King’s Crown Tournament with its mobile game, Defend the Kingdom (DTK). Set to take place between January 16, 2023 11:00am HKT to February 6, 2023 11:00am HKT, the tournament will boast a staggering prize pool. Top 1,500 players will win a share of 250,000 $KING (Kingdomverse’s native token) and top 100 players will win a share of $5,000 USDC. Kingdomverse will partner with SAKURA…

Miami-Dade gains right to remove FTX name from Heat arena

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Miami-Dade County will soon start to remove FTX’s advertising brand from the NBA’s Miami Heat arena, after granting the right from a United States bankruptcy judge in Delaware on Jan. 11, the Associated Press reports.   County officials negotiated in 2021 a $135 million deal with the crypto exchange for renaming rights to the Miami Heat’s arena as FTX Arena until 2040. A number of entrances, the roof of the arena, the basketball court, the security polo shirts, as well as many of the cards employees use to access the facility…