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North Carolina lawmakers have introduced twin bills in the House and Senate which could see up to 5% of crypto assets allocated to state retirement funds.
Ripple chief legal officer Stuart Alderoty said the firm had agreed to drop its cross-appeal with the SEC and will be refunded roughly $75 million from an August 2024 judgment.
Paul Atkins, US President Donald Trump's pick to chair the Securities and Exchange Commission, is scheduled to appear before the Senate Banking Committee on March 27.
Gianni Infantino, President of FIFA, announced the "FIFA Coin" plan at a White House summit, hoping to launch their own cryptocurrency. The aim is to leverage the $170 billion football industry and the 5 billion global football fans. They will invite cryptocurrency experts to collaborate and help realize this project.
Argo Blockchain, a bitcoin mining company listed on Nasdaq, has announced that it has signed a $40 million senior secured convertible loan agreement, with an initial financing amount of $15 million and the remaining $25 million to be completed in the next 18 months. Three multinational institutions have invested (specific institution names have not been disclosed) and will join the Argo board. The new funds will be used to expand its mining facility in Baie Comeau, strengthen the balance sheet, and conduct a series of potential merger and acquisition transactions.
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