Tag Archives: AA News

Javier Milei, a far-right libertarian, has emerged as the winner in Argentina’s presidential run-off election. Milei’s victory is crucial amidst Argentina’s ongoing inflation crisis. Notably, he is known for advocating the use of Bitcoin and has proposed replacing the Argentinian Peso with the U.S. dollar to respond to the current economic situation. Milei Wins Argentina Presidency Amid Inflation Crisis Javier Milei has emerged victorious in Argentina’s presidential run-off,...

Bitcoin (BTC)’s price will reach $150,000 by 2025 thanks to the upcoming “halving” and spot ETF approvals, wrote Bernstein in a Monday report. Analysts for the $691 billion asset manager’s crypto unit have modeled the asset’s future price based on its marginal production cost for miners, which they argue “acts as the price floor for every new cycle.” Defining Marginal Cost In its report, Bernstein subscribed to the Bitcoin 4-year cycle theory – the idea that Bitcoin’s price...

United States prosecutors arrested three people for allegedly stealing $10 million from financial institutions and laundering the stolen funds using cryptocurrency exchanges. The individuals could each get up to over 80 years in prison if found guilty of the allegations. Defrauding Banks and Channeling Proceeds to Crypto Exchanges A press release by the U.S. Attorney’s Office for the Southern District of New York announced the arrest of Zhong Shi Gao, Naifeng Xu, and Feo...

The U.S. Securities and Exchange Commission (SEC) in its latest report revealed that the number of enforcement actions filed in the fiscal year 2023 (FY2023) increased by three percent from the previous record in the financial year of 2022. Some of the enforcement actions involved heavyweights in the crypto industry, with various accusations against cryptocurrency businesses and executives ranging from fraud to securities violations. Nearly $1 Billion Distributed to Harmed...

Unstoppable Domains is currently facing criticism for allegedly appropriating the open-source advancements of the Ethereum Name Service (ENS) through the filing of a patent named “Resolving Blockchain Domain Names” in January this year. In an open letter, Nick Johnson, the lead developer of ENS, expressed significant concerns about Unstoppable Domains’ patent applications related to blockchain domain names while highlighting ENS’ advocacy for open source, open standards, and...

Ripple Labs and the SEC are in discovery for the remedies phase of the Ripple case until February. Meanwhile, Gary Gensler recently gave a speech in which he quoted the first SEC chair, Joseph P. Kennedy. That’s what started the X skirmish between the Commission and members of the crypto industry. Gary Gensler’s SEC Remarks Irk Ripple Labs In his speech, Gensler touted the original SEC chair’s words as a model for the agency’s ethical behavior as a government regulatory...

The Dogecoin team made an exciting announcement on X this week, revealing that Astrobotic has scheduled the launch of a physical DOGE to the moon. Notably, the coin will be included in the DHL Moonbox and transported via ULA’s Vulcan Centaur Rocket on December 23, 2023. Dogecoin to the Moon The initiative traces back to a Dogecoin community fundraising campaign initiated in 2015. The cryptocurrency’s journey to the moon is now set to materialize through a collaborative effort...

XRP token prices pared back profits the week ending Sat, Nov 18. After a wild mid-October run-up from $0.49 to $0.72, XRP fell to $0.61 by Sunday morning Tokyo time. Meanwhile, the notorious XRP case attorney John Deaton took to X to remind readers that “XRP is a utility token at its core.” Amicus Lawyer for Ripple Lawsuit Outlines Victory The thing that drove me nuts was that a few career securities lawyers would argue XRP is a security. I would always counter with...

Research conducted by TRM Labs reveals that the growth rate of crypto-denominated fentanyl sales has slowed down in 2023. The first three quarters of the year saw an increase of just under 60% in these sales, a sharp decline from the 155% average growth rate recorded since 2019. TRM Labs Study Shows Slowdown in Crypto Fentanyl Sales According to a study by TRM Labs, the growth of fentanyl sales denominated in cryptocurrency has slowed significantly in 2023. The research,...

The crypto space is constantly evolving, with new ideas and projects emerging now and then. The steady growth is attracting more people and, in turn, giving top names in the industry more influence. Crypto tax software firm CoinLedger has compiled a list of the most popular personalities in the digital asset industry using their respective social media followings as a yardstick. The names were obtained from a list of the 30 most influential people in the crypto sector in...