22 May 2025, 10:27

AVAX Soars 10% as Avalanche Will Power FIFA’s Blockchain Project

The world’s biggest football organization, FIFA, has picked Avalanche to launch its own blockchain initiative. Dubbed FIFA Blockchain, it will operate as a Layer-1 network and will deliver digital collectibles and “next-generation fan engagement at a global scale.” The official announcement , which went live earlier today, added that FIFA Blockchain will aim to streamline operations, optimize user experience, and deliver consistent, interoperable digital products to its fan base of billions of people. The organization has decided to use blockchain to satisfy the growing needs for verifiable digital ownership and direct engagement between holders and audiences. Unlike traditional systems, blockchain will allow the creators to create purpose-built networks that can “scale efficiently and support meaningful user experiences.” FIFA decided to tap Avalanche in its blockchain endeavor due to its structure that enables the “deployment of sovereign networks, known as L1s, that are optimized for high throughput, low latency, and full governance control.” They operate independently but are fully interoperable with the entire Avalanche ecosystem as well as the Ethereum Virtual Machine (EVM) standard. FIFA Blockchain will be led by a tech company with Web3 experience called Modex. Its CEO, Francesco Abbate, said the move enhances their ability to deliver unique digital collectibles and immersive fan experiences, powered by the speed, scalability, and EVM compatibility. “FIFA’s selection of Avalanche technology represents a pivotal moment in the evolution of blockchain infrastructure. As one of the world’s most recognized organizations, FIFA’s move underscores Avalanche’s unique ability to support custom, high-performance networks at global scale,” reads the statement. AVAX’s price reacted to the news as it’s up by over 10% on a daily scale, some of which could of course be liked to the overall market-wide price pumps. The post AVAX Soars 10% as Avalanche Will Power FIFA’s Blockchain Project appeared first on CryptoPotato .

22 May 2025, 10:11

FIFA Unveils Avalanche-Powered Blockchain for Enhanced NFT Marketplace Experience

The recent announcement from FIFA, as reported by CoinDesk, reveals a significant advancement in blockchain technology with the introduction of a dedicated Layer-1 blockchain based on the Avalanche network. Dubbed

22 May 2025, 08:30

Solana Gears up to Disrupt the Mobile Status Quo With Seeker

Solana Mobile made two announcements focused on disrupting the current mobile phone ecosystem: Its second hardware development, the Seeker phone, will begin shipping on August 4. Along with it, a new platform called TEEPIN will also debut, featuring an ecosystem token at its center. Solana Mobile Launches TEEPIN, Announces Shipping Date for Seeker Solana Mobile

22 May 2025, 06:59

Tom Emmer revives Blockchain Regulatory Certainty Act that protects non-custodial developers

Minnesota Representative Tom Emmer has reintroduced the Blockchain Regulatory Certainty Act in Congress, with renewed bipartisan backing and industry support. The Blockchain Regulatory Certainty Act seeks to clarify that developers and service providers who do not custody consumer funds, such as miners, validators, and wallet providers, should not be classified as money transmitters. By doing so, the bill aims to prevent these actors from facing licensing obligations under state or federal money services laws. Emmer, who co-chairs the Congressional Crypto Caucus alongside Democratic Representative Ritchie Torres, said in a May 21 notice that the measure provides “commonsense clarification” to protect innovation from being pushed overseas. He stressed that without legal certainty, the U.S. risks losing developers to crypto-friendly jurisdictions. Torres also echoed this view, describing the updated version of the bill as a “smarter, sharper framework” shaped by past feedback, offering clear rules without compromising oversight. “If we want to keep the next generation of builders in the United States, this kind of legal clarity is essential. We cannot afford to let outdated or misapplied regulations drive American talent and technology overseas,” he added. You might also like: Tom Emmer’s anti-CBDC bill clears US House Financial Services Committee Representative Emmer first unveiled the bill in 2018 to provide clarity around how non-custodial blockchain developers are treated under money transmission laws. Since then, it has seen multiple reintroductions . The most recent version prior to this came in 2023 as H.R. 1747 , but similar language was voted down in committee markup. Emmer and Torres say they’ve taken that feedback seriously and returned with a revised framework designed to address earlier concerns while still defending core innovation principles. Several industry advocacy groups have rallied behind the bill, including Coin Center, the Blockchain Association, the DeFi Education Fund, the Digital Chamber, and the Crypto Council for Innovation. According to Cody Carbone of The Digital Chamber, the bipartisan bill would “finally give [developers] the freedom to build in the United States.” The bill’s reintroduction comes amid rising political tension over digital assets, with several Democratic lawmakers growing increasingly resistant to crypto legislation, especially with scrutiny mounting over President Donald Trump’s ties to the industry. For the legislation to pass, it will need to secure majority support in both chambers of Congress, but it remains unclear whether Emmer and Torres have the necessary votes. While the bill has gained backing from key industry groups and bipartisan sponsors, broader congressional support has yet to fully materialize. Read more: Tom Emmer named Vice Chair of Digital Assets Subcommittee, slams SEC’s Gensler

22 May 2025, 06:33

New Document Says XRP Holders Own A Slice of Ripple’s Future Cash Flows

Crypto researcher SMQKE has released a follow-up tweet further elaborating on his assertion that XRP holders “own a slice of Ripple’s future cashflows.” In this latest post, SMQKE provides a structured analogy comparing XRP and its utility within the Ripple ecosystem to the dynamics of a pharmaceutical startup and a drug patent. The explanation offers a conceptual framework for understanding XRP’s value proposition without conflating the token with equity or security instruments. In his previous tweet, SMQKE claimed that XRP purchasers are effectively buying into the future licensing revenue Ripple could generate from its transaction settlement technology. To reinforce this idea, he cited the documented excerpt from a 2025 academic text titled The Future of Crypto Regulation. XRP HOLDERS OWN A SLICE OF RIPPLE’S FUTURE CASHFLOWS Read closely. “At the end of the day, XRP purchasers have bought, effectively, a SLICE OF THE FUTURE CASHFLOWS that Ripple would make from the licensing of its transaction settlement system.” Of course it’s… pic.twitter.com/kADEC1GbRT — SMQKE (@SMQKEDQG) May 19, 2025 The document states, “What XRP entitles the holder to is the token itself, which is integral to executing transactions on the Ripple settlement network,” and further explains that “XRP should increase in value, as the full functionality of the system requires the token.” The Drug Patent Analogy Building on this foundational logic, SMQKE’s new tweet emphasizes that XRP’s value is intrinsically tied to the success and continued development of Ripple’s software layer, Ripplenet. He said, “Buying XRP is like buying a share in a drug patent.” He points out that while neither the patent nor the technology behind it is a security, the value of both depends on the success of the company that promotes and develops them. In this analogy, Ripple is portrayed as the pharmaceutical startup, XRP as the drug patent, and the Ripplenet software as the drug itself or its applications. He adds that XRP holders function similarly to those who invest in the patent, not because they receive guaranteed returns, but because the value of their holdings is entirely contingent upon the broader system gaining traction. Blockchain technology, he explains, is the infrastructure that allows these interests to be held and exchanged. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Supporting Documentation from Legal Scholarship The excerpt from the legal academic article that SMQKE references strengthens the basis of his analogy. It explicitly states that XRP is “integral to executing transactions on the Ripple settlement network” and that its value may rise proportionally with the system’s adoption. Furthermore, the text notes, “The XRP token embodies, in effect, a licensing right for the Ripple transactional system.” This interpretation frames XRP as an operational necessity rather than a speculative asset disconnected from utility. Clarifying XRP’s Distinction from Traditional Securities SMQKE’s updated message reinforces the view that XRP does not represent an equity stake in Ripple , nor does it provide entitlement to dividends or ownership in the company. However, its utility within the transaction system makes it a critical component of Ripple’s business model. In effect, the token’s worth is inherently linked to the operational success of the network it powers. This documented analogy provides an interpretive tool for those seeking clarity on XRP’s economic structure. While XRP is not a traditional security, its functional necessity to the Ripple ecosystem and its potential to appreciate due to that necessity position it as a unique digital asset within the crypto landscape. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post New Document Says XRP Holders Own A Slice of Ripple’s Future Cash Flows appeared first on Times Tabloid .

22 May 2025, 06:18

Microsoft takes legal action against infostealer Lumma

Tech giant Microsoft says it has taken legal action against the information-stealing malware Lumma Stealer and has blocked thousands of websites related to the software. Microsoft said in a May 21 blog post that a federal court in Georgia allowed the firm’s digital crimes unit to take down, block or suspend nearly 2,300 websites critical to Lumma’s operations, and it has collaborated with local and international law enforcement agencies to dismantle the project’s infrastructure. The company said the US Department of Justice seized Lumma’s central command structure and disrupted marketplaces where the tool was sold to other cybercriminals. Microsoft says that Lumma has been sold via underground forums since 2022 and that it has undergone multiple upgrades since its launch. Domains seized by Microsoft. Source: Microsoft Blog Europol’s European Cybercrime Center and Japan’s Cybercrime Control Center also facilitated the suspension of locally based Lumma infrastructure. Lumma is a malware tool that allows malicious actors to steal everything from passwords, credit card information, bank account details, and crypto wallet information. Between March 16 and May 16, Microsoft said it identified over 394,000 Windows computers infected by the Lumma malware and worked with law enforcement agencies and cybersecurity firms to sever communications between the tool and the infected devices. Malicious activity on the rise Crypto drainers are software designed to steal the contents of crypto wallets and are common on phishing sites, malicious extensions, fake airdrops and more. Earlier this week, Chinese printer manufacturer Procolored had reportedly distributed Bitcoin-stealing malware alongside its official drivers, resulting in the loss of around $953,000 worth of crypto. Related: Beware of ‘cracked’ TradingView — it’s a crypto-stealing trojan Last month, an AMLBot report said that crypto drainers are now being sold as a SaaS product, allowing unsophisticated bad actors to rent the service for as little as $100. A Feb. 7 report from blockchain analytics firm Chainalysis said that almost $51 billion worth of crypto was lost in 2024 due to fraudulent activity and that professional crime networks, fraud cartels, nation-state-sponsored hackers and AI-powered scams have taken center stage. The FBI’s cyber arm reported that Americans lost around $9.3 billion in 2024 through crypto scams and frauds. The most vulnerable age group was above the age of 60. Meanwhile, North Korean hackers have stolen nearly $3 billion worth of cryptocurrencies between 2017 and 2023, which crypto firm Paradigm said have become more sophisticated over the years. Magazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs