Tag Archives: AA News

John Deaton, prominent crypto lawyer and founder of Crypto Law, has once again shared his opinion on the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). According to a tweet, the pro-XRP lawyer believes that a settlement of $20 million or less in the lawsuit between the crypto company and the U.S. regulator is a 99.9% legal victory for the former. A 99.9% Legal Victory Deaton stated that people who argued that the SEC got a 50-50...

Bitrace has recently unveiled a concerning trend within the Telegram coin exchange robot ecosystem, primarily involving the TRC20 USDT cryptocurrency. This trend includes a substantial number of addresses associated with gambling, money laundering, stolen coins, and fraudulent activities, which can potentially taint innocent users’ addresses and expose them to financial threats. Bitrace Research Reveals Concerns on Telegram Coin Exchange A recent study by Bitrace Research has...

According to the latest report from Immunefi, from January to October 2023, over $1.41 billion has been lost to hacking and fraudulent activities in 292 specific incidents. In October 2023 alone, losses amounted to approximately $22.2 million, primarily attributed to hacking and fraud. The most frequently targeted blockchain networks during the period were BNB Chain and Ethereum, accounting for 83.3% of the total losses among targeted chains. Immunefi disclosed that BNB Chain...

Space and Time, a data warehousing player, announced that it will enable its novel zero-knowledge (ZK) proof for SQL operations to work with Google Cloud’s warehouse, BigQuery. Dubbed ‘Proof of SQL,’ Space and Time’s new ZK protocol, will enable developers leveraging BigQuery to cryptographically confirm query results were computed accurately and on untampered data. BitQuery is the latest to incorporate the ZK-proof technology while citing that the end goal is to establish...

Stablecoins are often viewed as assets that pose systematic risks to the financial market. However, these pegged tokens have become the most popular category among investors amid adverse market conditions. QuickNode’s latest on-chain report revealed a notable surge in stablecoin activity across blockchain networks. Stablecoins saw a 45% growth in active addresses and a 41% increase in transactions between the first and third quarters. Contrastingly, DeFi experienced...

German asset management powerhouse DWS Group, with a staggering $900 billion in assets under management, is poised to make a significant foray into cryptocurrencies. The firm is gearing up to introduce exchange-traded funds (ETFs) dedicated to digital assets for retail investors, signaling a pivotal moment in the convergence of traditional finance and the burgeoning crypto space. DWS Group Contemplates Crypto DWS Group is set to join the ranks of major financial institutions...

The market is getting ready for yet another month of token unlocks. Data suggest that there were substantial unlocks exceeding $10 million in November, featuring tokens such as SUI, IMX, HFT, APT, APE, AVAX, OP, and others. Nearly $400 million worth of assets will enter circulation following the unlock events. Token Unlock: November Edition According to the TokenUnlocks website, SUI is the first token to be unlocked this month on November 3rd. These newly unlocked tokens –...

In a recent revelation, Elastic Security Labs has uncovered a sophisticated cyber intrusion by North Korean hackers believed to be associated with the Lazarus group. This incident, tracked as REF7001, involved the use of a new macOS malware named Kandykorn, which has been specifically designed to target blockchain engineers involved in cryptocurrency exchange platforms. North Korean Hackers Target Crypto Engineers with Discord-Distributed Malware Elastic Security Labs has...

Amir Bruno Elmaani, famously known in the cryptocurrency world as “Bruno Block” and the founder of the Oyster Protocol has been sentenced to four years in prison for tax offenses amounting to over $5.5 million. The United States Attorney for the Southern District of New York, Damian Williams, announced the verdict, highlighting the severity of Elmaani’s actions that violated both tax laws and investor trust. Conviction of Tax Offenses Elmaani’s conviction stems from a series...

Bitcoin is a store of value currency and inflation hedge likable to “exponential gold,” wrote Jurrien Timmer, Head of Global Macro at Fidelity, in a post to X on Wednesday. The analyst argued that both Bitcoin and gold boast distinct but attractive risk/reward ratios right now and that both may be players on the “same team” regarding their investment theses. Gold Versus Bitcoin: A Historic Look As outlined by Timmer, Bitcoin began is rallying again this year in line with “the...