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Animoca Brands plans return to stock market by 2025

Animoca Brands, a prominent player in blockchain and non-fungible token (NFT) gaming, has outlined its intentions to relist on the stock market by 2025, signaling a strategic move to capitalize on the growing digital economy and investor interest in blockchain-based entertainment.

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Animoca Brands, a prominent player in blockchain and non-fungible token (NFT) gaming, has outlined its intentions to relist on the stock market by 2025, signaling a strategic move to capitalize on the growing digital economy and investor interest in blockchain-based entertainment.

The announcement comes as Animoca Brands continues to expand its footprint in the digital gaming and NFT sectors, leveraging blockchain technology to innovate and enhance user engagement. The company’s plans to return to the stock market reflect confidence in its growth trajectory and market opportunities within the evolving digital landscape.

Founded in 2014, Animoca Brands has established itself as a leader in blockchain gaming, partnering with major brands and developing popular decentralized applications (dApps) that integrate NFTs. The company’s decision to relist aims to provide investors with an opportunity to participate in its future growth and capitalize on the burgeoning digital entertainment market.

In preparation for its return to the stock market, Animoca Brands remains focused on expanding its portfolio of blockchain-based games and NFT projects. The company’s strategic initiatives include enhancing gaming experiences, exploring virtual worlds, and integrating blockchain technology to empower users with digital ownership and monetization opportunities.

As Animoca Brands navigates its path towards relisting, industry observers anticipate heightened investor interest in blockchain and NFT-related stocks, driven by the sector’s rapid growth and innovation. The company’s commitment to transparency, innovation, and strategic growth positions it favorably within the dynamic digital economy.

Looking ahead, Animoca Brands’ plans to relist on the stock market by 2025 underscore its long-term vision and strategic foresight in harnessing blockchain technology’s transformative potential. The move reflects its dedication to expanding its market presence, driving shareholder value, and shaping the future of digital entertainment and gaming.

In conclusion, Animoca Brands’ announcement to relist on the stock market by 2025 highlights its strategic focus on capitalizing on the digital economy’s growth and investor appetite for blockchain and NFT-related investments. The company’s anticipated return to the stock market signals a pivotal moment in its journey to unlock value and propel innovation in the evolving landscape of digital entertainment.

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Binance tightens South African compliance rules for crypto transfers

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Binance is tightening compliance measures for crypto transactions in South Africa, announcing it will fully implement the country’s Travel Rule requirements beginning January 2025. The move aligns with regulations set by South Africa’s Financial Intelligence Centre (FIC) and reflects the exchange’s broader efforts to meet global anti-money laundering standards.

Under the new rules, Binance will require South African users to include verified personal information—such as names, addresses, and account details—when sending or receiving crypto between platforms. These changes are designed to increase transparency and traceability of digital asset transfers, making it harder for illicit actors to exploit decentralized networks.

Binance emphasized that users must complete know-your-customer (KYC) verification before transferring crypto to or from external wallets. Transfers to non-compliant platforms may be restricted or flagged, while internal transfers within Binance or to Travel Rule-compliant entities will remain unaffected.

The announcement follows South Africa’s decision in 2023 to designate crypto as a financial product, placing digital asset providers under the supervision of the FIC. The country has since taken steps to integrate crypto into its formal regulatory structure, including licensing requirements and mandatory reporting obligations.

With enforcement beginning in 2025, Binance urged users to familiarize themselves with the new procedures to avoid disruptions. The exchange also plans to provide additional guidance and tools to help users remain compliant as the deadline approaches.

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Ethereum bounces back as market dominance recovers from all-time low

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Ethereum has staged a notable recovery after recently experiencing its lowest market dominance since its early days. The turnaround comes as ETH surged nearly 4% in the past 24 hours, climbing back above the $3,100 mark and narrowing its underperformance gap relative to Bitcoin.

For much of 2024, Ethereum has trailed behind Bitcoin and a growing wave of altcoins, with its market share dropping below 15% — levels not seen since 2015. The slump was driven by investor focus on Bitcoin ETF momentum, lackluster institutional interest in ETH, and rising competition from layer-1 and layer-2 networks offering faster and cheaper alternatives.

Despite these challenges, Ethereum’s fundamentals remain strong. Data shows a healthy uptick in active addresses, transaction volumes, and total value locked in DeFi protocols built on Ethereum. Additionally, hopes remain high for the approval of a spot Ethereum ETF in the U.S., with analysts suggesting a potential turnaround in institutional flows if approved.

Traders are now watching whether this rebound signals a sustained trend reversal or just a temporary relief rally. With key upgrades and ecosystem developments still in the pipeline, Ethereum’s ability to regain dominance may hinge on reigniting both investor confidence and broader developer activity.

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SEC says it won’t re-file fraud case against Hex’s Richard Heart

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The U.S. Securities and Exchange Commission (SEC) has confirmed it will not pursue a retrial in its fraud case against HEX founder Richard Heart, effectively bringing an end to one of the agency’s high-profile crypto enforcement actions.

The decision follows a recent court ruling that dismissed several key allegations against Heart, including claims that he misled investors and violated securities laws through the promotion and sale of HEX, PulseChain, and PulseX tokens. While the SEC initially signaled it would consider further legal options, it has now opted to forgo additional litigation.

Heart, a controversial figure in the crypto world, had long denied the SEC’s accusations, framing the lawsuit as an overreach by regulators. The agency had alleged that Heart raised over $1 billion from investors while misrepresenting how funds would be used and failing to register the offerings.

With the SEC stepping back, the dismissal marks a rare instance in which the regulator has chosen not to continue a crypto-related fraud case, potentially signaling a reassessment of its approach amid growing legal pushback and mounting scrutiny over its enforcement tactics.

Although the case is now closed, legal analysts suggest the outcome could influence future regulatory efforts and may embolden other crypto founders facing similar challenges. Heart, meanwhile, has positioned the development as a vindication, reaffirming his stance that HEX and related projects were never in violation of U.S. securities laws.

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