Tag Archives: AA News

Earlier this year, the SEC’s crusade against cryptocurrencies seemed to be coming to a head after Judge Analisa Torres sided mostly in favor of Ripple, who ruled that XRP is, broadly speaking, not a security and that its purchase could only be considered an investment contract in certain circumstances. The two parties, however, are still duking it out, with a final decision expected in early 2024. Terraform Labs Attempted to Capitalize on Ripple’s Headwinds Given the success...

Uniswap’s native token – UNI – has demonstrated a noteworthy surge of 28% over the past week alongside the rest of the crypto market. It is currently trading above $7.71 with a market capitalization of $4.61 billion. The latest data indicated that UNI may be poised for more growth. Industry expert Ali Martinez said that UNI has successfully turned a key supply wall at $7.23 into a solid support level. This support is distributed across 3,500 addresses, collectively holding...

Bitcoin miners are experiencing significant gains, thanks to a surge in transaction fees that have reached their highest levels since April 2021, primarily driven by the increasing demand for Ordinals inscriptions. The positive momentum in the market throughout this year has served as a valuable recovery for miners, compensating for the challenges faced in the unfavorable conditions of 2022. As such, miners appear to have cashed in on this remarkable rally this month. Bitcoin...

After temporarily scaling back in India, Worldcoin has launched its services in Singapore. According to the latest announcement, individuals in Singapore will be able to verify their “unique humanness” at an Orb. The move follows the release of World ID 2.0 and the open-sourcing of the Worldcoin iris recognition pipeline in mid-December. Worldcoin’s Worldwide Expansion Apart from World ID verifications, Worldcoin revealed that Tools for Humanity (TFH), a contributor to the...

According to on-chain firm Arkham Intelligence, a wallet linked to former U.S. President Donald Trump has moved over $2.4 million worth of ether (ETH) to the crypto exchange Coinbase in the past few weeks. Arkham Intelligence had initially identified digital assets believed to belong to Trump in August, basing its findings on financial disclosures filed by the former President earlier that month. Trump’s Ethereum Wallet Shows Sales Totaling $2.4 Million About three weeks ago,...

ARK Invest – the institutional asset management firm led by Cathie Wood – made a significant move by liquidating all of its remaining holdings in the Grayscale Bitcoin Trust (GBTC), totaling $200 million. In the previous month, GBTC stood as the largest holding in ARK’s Next Generation Internet ETF. However, the asset management firm has now completely exited this position. The adjustment in the portfolio comes ahead of the anticipated decision by the Securities and Exchange...

Vitalik Buterin, the co-founder of Ethereum, has proposed measures to reduce the load on the Ethereum blockchain and simplify its proof-of-stake (PoS) consensus. The proposal aims to decrease the number of signatures validators must make to maintain the network’s operation, ultimately reducing the overall load on the Ethereum blockchain. Ethereum Co-Founder Proposes Adjustments Ethereum’s attempt to achieve decentralization and involve regular users in staking by supporting...

Coinbase insiders seem to be disposing of COIN shares this December, with the co-founder Fred Ehrsam III appearing to be the most active seller, according to data from Insider Alerts. Several executives and top shareholders at the exchange have recently been selling company shares, with some following the trend set by Cathie Wood’s asset management firm, Ark Invest, which comes as Coinbase’s stock reaches a new yearly high. Coinbase Insiders Sell Over $120 Million in Shares...

China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. The prominent crypto figure faced charges for running illegal business operations and engaging in unauthorized foreign exchange trading. This move underscores China’s continued crackdown on illicit activities within the industry. Crypto OTC Illegal Ventures Dong,...

Tether, the company behind the popular stablecoin USDT, announced a significant milestone in its growth, with its market value reaching $91 billion. It was also revealed that over 2023, the firm has added approximately $4 billion in excess reserves to its stablecoin’s consolidated reserves, showcasing its commitment to stability and resilience in the volatile digital currency market. Tether’s Ardoino Reveals Company’s Growth and Plans The announcement was made by Tether’s...