Tag Archives: AA News

A recent development has seen a substantial increase in transaction activities on major Ethereum Virtual Machine (EVM) chains. According to Etherscan, a widely used blockchain analytics platform, 95% of these transactions can be attributed to inscriptions. The Ordinals Inscriptions Wave Ordinals inscriptions, which involve embedding unique data in transaction call data to create non-fungible tokens (NFTs) directly on the blockchain, have increased in popularity. This new...

Earlier this week, a BreachForums user by the name of Miembro announced the sale of access to a Binance data request portal, built and maintained to accommodate police officers and government officials worldwide in their attempts to track down cybercriminals. The sale has since been paused, owing to a blunder involving a crypto mixer being used by a buyer to send funds to the seller turned out to be an invalid address. Access to De-Anonymized Data However, the sale will...

Genesis, a bankrupt crypto lender, has successfully won a legal bid to prevent its parent company, Digital Currency Group (DCG), from selling or diminishing its ownership stake in the firm until the completion of Chapter 11 bankruptcy proceedings. This move by Genesis is aimed at securing vital tax benefits, which hinge on its continued status within the tax-consolidated group of which DCG is the common parent. Genesis Battles to Preserve $700M Tax Benefit in Reorganization...

The Solana Saga smartphone has garnered the unfortunate title of the worst smartphone of the year, as declared by popular YouTuber Marques Brownlee (MKBHD). Notably, the phone has experienced a surge in demand, leading to a sell-out, which occurred concurrently with an increase in the price of a memecoin developed on the Solana smart contract platform. Solana Saga Phone Labeled ‘Failure of 2023’ In a comprehensive overview of the leading phones of 2023, Brownlee, a prominent...

Bitcoin (BTC) layer 2 blockchain Stacks (STX) has soared again after billionaire investor Tim Draper voiced support for the emerging protocol. Trading for just $1.18 at 7 pm ET on Tuesday, the asset trades for $1.53 at writing time – a 26% rise since the venture capitalist’s comments made the rounds on social media. The Bitcoin Migration During an interview with Coin Bureau earlier that day, Draper named Stacks as the first “showstopper” of a crypto project that he learned...

Brian Armstrong, the co-founder and CEO of the largest American cryptocurrency exchange, Coinbase, believes being anti-crypto could have ugly political effects in the upcoming United States elections in 2024. In a Tuesday tweet, Armstrong stated that taking a stand against the novel technology would be “a really bad political strategy” for several reasons, blasting well-known crypto critic Democratic Senator Elizabeth Warren and Republican Senator Roger Marshall for “lobbying...

Michael Novogratz, the founder of Galaxy Digital, expressed his opinion on Senator Elizabeth Warren’s stance against the cryptocurrency space on X. The post comes in response to Warren’s announcement of additional support from her colleagues for the Digital Asset Anti-Money Laundering Act, a bipartisan bill aiming to address concerns about the use of cryptocurrencies in illegal activities, including money laundering and drug trafficking. Novogratz Calls Warren A ‘Disingenuous...

A group of three super PACs backed by major cryptocurrency executives and investors has raised $78 million to influence the 2024 elections and support crypto-friendly candidates. A super PAC is a political action committee that pools campaign contributions from members and donates them to campaigns for or against candidates or legislation. Crypto has caused deep division within American politics, with one side wanting to restrict and ban it and the other wanting to encourage...

Financial technology company Revolut is reportedly planning to halt cryptocurrency purchases for its business clients in the United Kingdom. As stated by Revolut, the suspension will enable the company to make necessary adjustments in response to the new rules on crypto promotion by the UK’s Financial Conduct Authority (FCA), which will take effect in January 2024. Revolut to Temporarily Stop Crypto Purchases Revolut’s UK business customers will only be able to sell and hold...

Zcash, a privacy coin built on Bitcoin tech and one of the more popular privacy-focused cryptocurrencies, will be welcoming Josh Swihart as the new CEO of its developer, the Electric Coin Company (ECC). Stepping Down For Self-Care In an article posted on Zooko’s personal Medium – which is separate from the one usually used to post Zcash-related content – the former CEO stated that the eight years at the helm of the ECC had led to a certain degree of conflation between himself...