Tag Archives: AA News

A recent study indicates that Canadians’ enthusiasm for crypto investment has diminished in comparison to the previous year. Moreover, they are now less inclined to perceive crypto as a significant factor in the current economy or anticipate its future importance. On November 29, the OSC released its “Crypto Assets Survey 2023,” conducted in collaboration with Ipsos in late May. The survey, which included 2,360 Canadians representing a proportional cross-section of the...

Although most weekends tend to go relatively quiet for the volatile cryptocurrency industry, this one saw a more impressive price surge for BTC and several assets. This resulted in tapping a new 19-month peak for the primary digital asset and millions of dollars liquidated, mostly for short positions. As CryptoPotato reported earlier today, BTC had soared to a multi-month peak at $39,000 on Friday evening for the first time in over a year and a half. The asset failed to...

The largest US-based crypto exchange experienced a threefold increase in law enforcement requests in the current year compared to 2020, as revealed in its latest transparency report. The total number of requests during the reporting period amounted to 13,079, marking approximately a 6% rise from the previous year. Notably, the United States maintained its position as the leading country in both 2022 and 2023, with a slight uptick in the number of requests in 2023. Coinbase...

Following the JPEX fiasco, it appears that another crypto trading platform called Hounax reportedly scammed some Hong Kong investors, causing them to lose over $15 million. Meanwhile, some of the victims believe that the city-state regulator’s warning about the platform came after they already locked their money in Hounax. Hounax Crypto Exchange Allegedly Disappears With Customer Funds About 131 supposed investors between 19 and 78 years old fell victim to an alleged crypto...

The world’s largest cryptocurrency exchange, Binance, has experienced ailing on-chain activities since its $4.3 billion settlement with the United States Department of Justice (DOJ) less than two weeks ago. According to a report by market analytics platform CryptoQuant, Binance’s reserves have steadily declined as users continue to withdraw their assets. Binance Reserves Decline Binance’s reserves have witnessed a 20% drawdown from their all-time high, accounting for the...

The crypto market has just witnessed its worst month in 2023 in terms of exploits, with criminals carting away assets worth hundreds of millions of dollars through various attacks. Blockchain security firm CertiK revealed in a tweet that bad actors stole approximately $363 million across more than 14 incidents. #CertiKStatsAlert? Combining all the incidents in November we’ve confirmed ~$363M lost to exploits, hacks and scams This makes November the most damaging month this...

The Dogecoin-funded SpaceX ‘Doge-1’ Moon Mission is moving closer to launch after securing key regulatory approval from the National Telecommunications and Information Administration (NTIA). The clearance is a significant step toward obtaining the final Federal Communications Commission (FCC) license, which will specifically address the X-Band and S-Band communications for the satellite, marking a crucial milestone for the mission. DOGE-1 Satellite Project Receives Approval...

A recent report from Grayscale Investments revealed an unexpected diversity in Bitcoin (BTC) ownership, with 74% of addresses holding less than 0.01 bitcoin, equivalent to approximately $380. Grayscale’s research dispels the inaccurate public belief that Bitcoin is predominantly owned by a few individuals, revealing around 40% of BTC’s supply is concentrated among institutions like exchanges, miners, governments, public companies, and long-term holders. Bitcoin’s Widespread...

AntPool – a prominent Bitcoin mining pool – has announced its decision to refund the staggering $3 million transaction fee that made headlines last week. The incident occurred when a user mistakenly submitted an 83 BTC gas fee, prompting AntPool’s risk control system to temporarily freeze the transaction during packaging. AntPool to Reimburse 83 BTC Gas Fee According to an update on November 30th, AntPool has set a deadline for the original owner to verify their identity...

Bitcoiners are blasting the British Broadcasting Corporation (BBC) following the outlet’s recent article discussing the blockchain network’s energy consumption. The public broadcaster cited a study claiming that every Bitcoin transaction consumes “a back yard swimming pool” worth of water, though critics say that the claim is based on “junk science.” Does Bitcoin Use Too Much Water? As published on Wednesday, the BBC’s article claimed that Bitcoin’s water consumption relates...