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Tag Archives: AA News

Solana-Based Products Lead with 74% AUM Increase in October: CCData

October witnessed significant advancements in the industry owing to the launch of six ETH Futures ETFs, offering investors a chance to delve into Ether futures. Bitcoin responded positively to the developments. Further gains were fueled by speculations about BlackRock’s application approval of a spot BTC ETF in the United States. As a result, the total assets under management (AUM) for digital asset products surged by 6.74%, reaching $31.7 billion in October. This represented...

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US Appeal Court Rules in Favor of Craig Wright in Bitcoin Ownership Dispute

The United States Court of Appeals for the Eleventh Circuit has ruled in favor of self-proclaimed Bitcoin creator Craig Wright in his legal dispute with Ira Kleiman over rights to bitcoin (BTC) worth billions of dollars. According to an official document, the Appeal Court ruled that the district court’s verdict would stand as there is no proof it relied on an erroneous legal standard and that there would be no new trial for the case. Wright’s Bitcoin Ownership Dispute In...

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Tether Sets the Record Straight: No Violations of Sanctions Laws, No Terrorist Ties

Last week, the Wall Street Journal inaccurately reported that Hamas and affiliated terror groups had received tens of millions of dollars in cryptocurrency, which was allegedly being used to support the ongoing conflict in the Middle East. However, blockchain analytics firms, such as Chainalysis and Elliptic, have contradicted this claim, suggesting that the actual funding amount was more likely in the range of a few thousand dollars. Despite these clarifications, the Wall...

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Sam-Bankman Fried Takes the Stand In Court, But With No Jury

FTX founder Sam Bankman-Fried testified for the first time during his own fraud trial on Thursday, in what expert onlookers are calling a “hail mary” to rescue himself from conviction. The examination pertained to scandalous private Signal messages he’d shared with his former colleagues, and whether or not he was ever authorized to delete such messages. Skimming the Terms of Service As reported by CNN, Bankman-Fried argued that using heavily encrypted messaging apps like...

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FTX Group Claim Prices Surge Amidst Proposals from 3 Bidders

Prices for FTX Group claims have seen a notable uptick following revelations that the bankrupt crypto exchange is considering proposals from three potential buyers for its inactive exchange. FTX claims’ valuations now range between 50 and 53 cents on the dollar, an increase from last week’s low-to-mid 40 cents range. Cherokee Acquisition Reports Rise in FTX Claim Values Cherokee Acquisition, a firm specializing in brokering bankruptcy claims, has recently reported a surge in...

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Meta’s Reality Labs Division Reports Unexpected $3.7B Loss in Q3

Meta Platforms Inc.’s ambitious pursuit of the metaverse concept, championed by CEO Mark Zuckerberg, continues to come at a staggering financial cost. In its recently released third-quarter earnings report, Meta disclosed that its Reality Labs division, responsible for developing metaverse-related technologies, recorded an operating loss of a colossal $3.7 billion. The revelation underscores the steep financial toll of Meta’s foray into virtual reality (VR) and augmented...

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JPMorgan’s JPM Coin Processes Over $1 Billion in Daily Transactions: Report

JPMorgan has processed more than $1 billion in daily transactions via its digital asset, JPM Coin, solidifying its position as one of the most extensive uses of blockchain technology by a traditional financial institution. The bank has ambitious plans to expand its utilization further, according to Takis Georgakopoulos, the Global Head of Payments, who also said that a similar asset designed for retail investors will be the next stop. “JPM Coin gets transacted on a daily...

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UNI Sell-Off Concerns Grow as Uniswap Foundation Makes Rare Token Transfer

UNI’s price has seen a substantial upswing in recent days. Alongside this upward momentum, a massive sale of the tokens from an address has sparked fears of yet another potential downturn. The move was unexpected, but UNI’s price has remained largely unfazed by the massive token movement, at least for now. According to on-chain expert Lookonchain’s tweet, the Uniswap Foundation – which is the team behind the development and expansion of the Uniswap protocol – transferred 6.8M...

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The First Token on Uniswap Skyrockets to $5.5 Million Following Burn Event

The price of HayCoin (HAY), the first-ever token floated on the decentralized exchange Uniswap, witnessed a remarkable surge, reaching a peak of $5.5 million per token on Thursday. This massive price increase followed token burning by long-term holders, indicating a notable development in the market. HAY Token Surges to $5.5 Million On Oct. 26, HAY witnessed a surge in its token price, reaching $5.5 million. This notable increase occurred shortly after a long-term holder,...

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Elliptic Addresses WSJ Claims About Crypto Terrorist Financing

Are Hamas terrorists really raising tens of millions of dollars using crypto? Blockchain surveillance experts at Elliptic say the truth is a bit more nuanced. The firm released a blog post on Wednesday dissecting prior claims from the Wall Street Journal about crypto being a major source of financing for the organization, which were later cited by U.S. Congress. Crypto Terrorism: Myth VS Fact In its report earlier this month, the WSJ cited Elliptic in claiming that $130...

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