Bitcoin News and Finance: What You Need to Know

According to a report, former National Football League quarterback Tom Brady was paid $55 million to feature in the collapse cryptocurrency exchange FTX’s advertisements. As part of the arrangement, Brady would devote 20 hours of his time each year for three years. Celebrities Paid to Promote FTX The former U.S. National Football League (NFL) quarterback Tom Brady was paid $55 million just to feature in the collapse crypto exchange FTX’s sports commercials. Brady’s fellow celebrity sportsman and basketball star Stephen Curry was reportedly paid $35 million to promote the crypto exchange. Details of Brady and Curry’s outsized payments from Sam Bankman-Fried (SBF)’s crypto exchange were made public by author Micheal Lewis. In his comments made during an interview, Lewis, who claims to have seen confidential documents that back his story, said as part of the deal Brady would devote just 20 hours of his time each year for three years. Despite receiving millions of dollars worth of F...

Valr, the South Africa-based crypto exchange, recently said it had won initial approval from the Dubai virtual assets regulator. The crypto exchange’s Head of Growth, Blake Player, said Valr has been attracted by the Middle East region’s significant crypto flows and in particular Dubai’s growing reputation “as a forward-thinking and pragmatic jurisdiction.” Valr Cannot Offer Any Virtual Asset Services Just Yet The South African cryptocurrency exchange, Valr, recently said it had “won an initial approval” from Dubai’s crypto assets regulator, the Virtual Assets Regulatory Authority (VARA). According to the crypto exchange, winning this approval is a critical step for Valr which is seeking to establish a presence outside South Africa. The approval however does “not allow Valr to undertake any virtual asset services yet.” Explaining the rationale behind the decision to seek an operating license from VARA, the crypto exchange’s CEO Farzam Ehsani highlighted VARA’s role as a world-lead...

The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase’s attempt to have the regulator’s lawsuit against it dismissed. The exchange had alleged that the agency overstepped its authority and abused its discretion in claiming that digital assets offered on the trading platform were unregistered securities. SEC Adds Arguments to Support Its Claim That Crypto Assets on Coinbase Amounted to Securities The securities regulator in the United States is not giving up on its litigation against America’s leading cryptocurrency exchange. On Tuesday, the SEC asked a federal judge to reject the attempts of Coinbase to have the Commission’s lawsuit against it dismissed. In its legal case filed in early June, the SEC alleged that Coinbase evaded its regulations for years and infringed upon various securities laws by illegally operating an unregistered exchange, brokerage and clearing agency. The lawsuit came after the regulatory body sued , the world’s largest cr...

FTX creditors might see a silver lining following the recent partnership between Anthropic and Amazon, as the tech behemoth unveiled plans to pour up to $4 billion into the budding artificial intelligence (AI) startup. Over on the social media haven X, a cadre of FTX creditors, united under the banner of “FTX 2.0 Coalition,” explained how FTX’s vested stake in Anthropic could pave the way to compensating customers and making them whole. FTX Creditors Eye Payday as Amazon Pumps Billions into AI Startup Anthropic On the cusp of the artificial intelligence (AI) boom, Anthropic, a rival to Openai, garnered a substantial $580 million in a Series B funding round in April 2022. Spearheaded by FTX chieftain Sam Bankman-Fried, the fundraising endeavor also saw notable contributions from Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Center for Emerging Risk Research (CERR). Amid FTX’s financial debacle, its share in Anthropic has been thrust into the limelight, more so f...

Sergio Massa, Argentine economy minister and presidential candidate, has announced that, if elected, his new government plan would include launching a national digital currency that local media has called the “crypto peso.” Massa also stated that this plan would involve a tax reduction for transactions that use this new currency. Argentine Presidential Candidate Sergio Massa Announces National Digital Currency Sergio Massa, the current Argentine economy minister and a presidential candidate, has declared that his government plan would include the creation of an Argentine digital currency. During the first presidential debate, Massa stated that this proposal would be linked to a tax reduction for transactions that leverage this new currency. Detailing his digital currency proposal, he stated : We are going to launch the Argentine digital currency. Just as your children propose in their platform economy the possibility of trading with their cell phone or card, we are going to do it...