Tag Archives: AA News

Bakkt, the New York-based digital assets platform, has joined LightSpark as one of the first partners in a bid to offer Universal Money Address (UMA) for KYC-verified transactions on top of the Lightning Network for B2B clients. LightSpark is headed by CEO David Marcus, who was previously in charge of Meta’s ambitious Diem project that never went live. Marcus’s new company has launched a service to make fast transactions leveraging Bitcoin on scaling solution, the Lightning...

In the dynamic world of SocialFi, where the battle for supremacy is relentless, a certain Friend.Tech user made waves by dumping 850 ether (ETH) worth of keys on Monday. This move was followed by a switch to a rival platform, New Bitcoin City (NBC), a social app built on the Bitcoin blockchain. NBC Surges as Friend.Tech Sees Outflows This development comes at a critical point for Friend.Tech, which, while initially a trailblazer in the SocialFi space, is now facing stiff...

Market sentiment has experienced a significant upturn, with a noticeable trend in digital asset investment products attracting inflows for four consecutive weeks, accumulating a total of $66 million. This recent four-week streak of inflows has now reached $179 million. Following a recent increase in prices, the total Assets under Management (AuM) have surged by 15% from their September lows, reaching nearly $33 billion, marking the highest point since mid-August, according to...

The Depository Trust and Clearing Corporation (DTCC) removed BlackRock’s Bitcoin ETF, iBTC, from its ETF list shortly after its addition on Monday. Bitcoin’s price dropped by 3% in response, falling from $34,527 to $33,432 within 30 minutes shortly after the removal was noticed. The drop appears to have triggered $37 million in long liquidations across the crypto market within the past hour, according to CoinGlass. Bloomberg analyst James Seyffart speculated that the...

While Bitcoin has nearly doubled in value since the start of the year, one of its close neighbors in the investment universe has proven a more profitable buy: mining companies. Nearly all publicly-traded Bitcoin mining firms have soared over 100% since January 1, benefitted by both BTC’s rising value and positive business developments. Bitcoin Miners VS BTC Shares for Marathon Digital (MARA), one of the largest public miners by hashrate, are currently up 158% year to date....

Cryptocurrency investigator ZachXBT has revealed on social media that his X account and a few others received a subpoena from a court requesting additional information for unspecified reasons. On October 21, he shared two screenshots regarding the request. The first depicted the court’s request for specific information that X was mandated to provide. The second screenshot displayed the notice sent to the social media platform regarding the legal inquiry. Subpoena Reasons...

The proactive approach to framing crypto-specific guidelines comes as a respite after years of conversations about an outright ban on the sector that was initially mooted by the Reserve Bank of India. The Indian government may have shelved its plans to impose a blanket ban on crypto, but there’s still a long way to go, and the latest development depicts that the country’s approach has been a bit of a rollercoaster ride. A “Positive Precedent” for the World Indian financial...

According to ChainArgos, a blockchain intelligence firm, the situation surrounding TEURO has become increasingly complex. TrueUSD, the stablecoin company responsible for currencies like TUSD and TGBP, has publicly stated that they have no association with TEURO. However, it is undeniable that the TEURO contract was deployed using one of TrueUSD’s private keys, ChainArgos says. TrueUSD confirmed a security breach as of the latest September 18, 2023 update. Considering that...

The Worldcoin Foundation has announced its plans to strategically transition its Orb device operators’ payments from USDC to the native WLD tokens. This decision comes as the circulating supply of WLD tokens surpasses 1% of its total token supply of 10 billion tokens. WLD Token’s Rise to 1% Circulating Supply The Worldcoin Foundation intends to remunerate orb operators responsible for enrolling individuals into the Worldcoin network by utilizing WLD tokens instead of USDC...

A medical doctor pleaded guilty to using the dark web in a murder-for-hire plot against his girlfriend. The individual paid a total of over $25,000 worth of bitcoin to carry out the murderous plot, which was averted by authorities. $25,200 in Bitcoin for a Murder Plot According to a press release by the US Department of Justice (DOJ), James Wan, a 54-year-old medical doctor from Georgia, tried to employ the services of a hitman through the dark web marketplace to have his...