Tag Archives: AA News

Web3 domain service provider – Unstoppable Domains – has announced foraying the .com Namespace allowing users to purchase “.com” addresses. The decision to enter the world’s most popular type of traditional web2 top-level domain (TLD), which boasts over 157 million registrations through its website, aligns with its recent expansion efforts. Expansion According to the official press release shared with CryptoPotato, Unstoppable Domains has become the first player in the...

Research by blockchain security firm Hacken has found that most of the crypto projects rug-pulled in the third quarter of 2023 had no audit reports. According to the Q3 2023 Security Insights report, only 12 out of 78 examined rug pulls conducted and reported audits. Most Rugpulled Projects Are Not Audited An independent third-party audit offers a detailed review of a token, identifies the project’s vulnerabilities, and alerts investors. Hacken noted that rug pulls are one of...

The United States is the world’s largest cryptocurrency market, accounting for 24.4% of global transaction activity, according to a recent report by Chainalysis. The report, released on October 23, revealed that there was an estimated $1.2 trillion in value received on-chain between July 2022 and June 2023 in the U.S. Moreover, institutional activity makes up 76.9% of North America’s crypto transaction volume, and activity is split between centralized exchanges and DeFi, it...

Galaxy Digital, the crypto venture led by U.S. billionaire Mike Novogratz, has projected a substantial capital influx into spot Bitcoin exchange-traded funds (ETFs). According to the estimations, these ETFs could witness an impressive $14.4 billion in inflows during their inaugural year, potentially reshaping the investment landscape. The venture contends that the allure of spot Bitcoin ETFs surpasses existing investment avenues, such as trusts and futures, which currently...

In September, a Seattle startup lab of white hat hackers sent proof to a senior writer at WIRED Magazine that they could crack the IronKey S200 thumb drive containing 7002 Bitcoins. But former Ripple CTO Stefan Thomas incredibly refused an offer by the Seattle startup, named Unciphered, to access the USB drive for him. Fmr. Ripple CTO Getting Closer to His 7002 Bitcoins Thomas told WIRED that he had already hired another team to work on the problem for him. The former Ripple...

Bitcoin price surged in a breakout rally to briefly touch $35,000 this month. But Euro Pacific Capital’s founder and chief global strategist doesn’t think it will last. This month saw the ever-widening buzz surrounding a hotly anticipated approval by the SEC of a spot Bitcoin ETF. The excitement has pushed blowout Bitcoin sales on crypto exchanges. But leave it to “Dr. Doom” (as Peter Schiff was nicknamed by the CNBC crowd during the housing bubble) to balk at Bitcoin’s...

The top 10 centralized crypto exchanges (CEXs) recorded a spot trading volume of $1.12 trillion in Q3 2023, indicating a significant plunge from the Q2 total of $1.42 trillion. According to the CoinGecko 2023 Q3 Crypto Industry Report, the third quarter spot trading volume for the top 10 CEXs represented a 20.1% decrease from Q2. Analysts called the quarter a turbulent one for crypto exchanges. CEX Spot Trading Volume Plunged in Q3 Among the top CEXs, Binance – the world’s...

As different jurisdictions gear up for regulations on the digital asset sector, DeFi remains a tricky subject. The International Organization of Securities Commissions (IOSCO) had recently weighed in on the matter and recommended that governments should identify the “Responsible Person” behind ostensibly decentralized finance applications and subject them to regulatory oversight similar to conventional financial market participants. Prominent blockchain software company –...

In a recent study conducted by Coinbase, a paradigm shift has emerged among the young American population. An impressive 38% of younger Americans now believe crypto and blockchain technology can provide significant economic opportunities not commonly found in the traditional finance sector. Interestingly, this stands in stark contrast to older generations, where approximately 26% share the same belief in the potential of blockchain technology. Younger Generations Attraction...

Crypto exchange Kraken has confirmed that it plans to close all trading, deposits, and withdrawals for Tether USD (USDT), Wrapped Bitcoin (WBTC), and other reserve-backed assets in Canada. The suspension follows a similar stablecoin clampdown at other Canadian exchanges, amid regulatory guidance pertaining to the legal standing of such tokens. No More Value-Pegged Tokens At Kraken According to an email received by CryptoPotato from Kraken on Friday, the firm is now “required”...