Tag Archives: AA News

On-chain analysts at Glassnode and Ark have developed a new framework for analyzing the Bitcoin network’s “economic state.” The framework, called “Cointime Economics (CE),” will help increase the accuracy of on-chain analysis, which savvy investors and traders often use to read where Bitcoin’s price is heading. What is Cointime Economics? According to lead Glassnode analyst James Check, CE moves away from analysis based on Bitcoin’s unspent transaction outputs (UTXOs), which...

The US Federal Bureau of Investigation (FBI) discovered that the North Korean hacking collective – the Lazarus Group – has drained cryptocurrencies worth millions of dollars through several attacks in the past few years. The security agency believes the wrongdoers could soon cash out 1,580 BTC (worth almost $41 million at current prices). Stay Focused on the Lazarus’ Actions The FBI released a statement to notify cryptocurrency companies about a potential move that the...

A collective of 50 Russian customers of the non-custodial decentralized wallet – Atomic Wallet – have reportedly launched a class action lawsuit against it after becoming victims of a recent $100 million exploit.  Some believe the North Korean hackers – the Lazarus Group – were responsible for the heist. However, Boris Feldman (who coordinates the victims’ efforts) thinks there might be Ukrainian involvement in the attack. Working on Recovering Lost Assets According to recent...

In a significant move within the crypto realm, Circle, the company behind USD Coin (USDC), said it will extend support for its stablecoin to six more blockchains in the next two months. Based on a joint release by Coinbase and Circle, USDC, already available on nine blockchains, including Ethereum, Arbitrum, Avalanche, Stellar, Tron, Flow, Algorand, Hedera and Solana, will be rolled out on additional chains. While the release does not mention names, earlier reports from...

A former engineer at Alameda Research has come forward with claims on X that his entire life savings were stolen by Sam Bankman-Fried (SBF), his former boss. Aditya Baradwaj paints a vivid picture of the rise and fall of FTX, exposing the contradictions, grand visions, and heartbreaking consequences that ensued. As an engineer at Alameda Research, I had my entire life savings stolen from me by my former boss: Sam Bankman-Fried. Now, after months of recuperation from the...

Decentralized exchange aggregator 1inch announced expansion across the Coinbase-incubated layer-2 blockchain, Base. 1inch also mentioned that Base is poised to gain advantages from “Coinbase product integrations and convenient fiat onramps,” which will also be extended to projects within the ecosystem. The team also revealed the deployment of the 1inch Aggregation Protocol and the 1inch Limit Order Protocol on Base. The latest expansion will enable 1inch users to get access...

The likelihood of another Federal Reserve policy rate hike grew stronger on Friday after Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium. During the speech, Powell reiterated that the Federal Reserve remains committed to bringing inflation down to 2%, despite some economists suggesting that achieving that target may be difficult. “Two percent is and will remain our inflation target,” said Powell. Getting there, he added, will require a “period of...

Binance, the world’s largest cryptocurrency exchange, announced the termination of its crypto debit cards for customers in the Latin America and Middle East regions from September 2023. According to a response to inquiries by an X (formerly Twitter) user, the Binance crypto debit cards will no longer be available in the affected regions from September 21. Binance Halts Crypto Debit Cards in Select Regions A crypto debit card, just like similar products, enables users to...

Although the lion’s share of the stablecoin market is occupied by USD-pegged assets – with a smaller subset of such pegged to the euro – companies all over the world have started launching stablecoins pegged to their native currencies in a bid to offer companies and consumers an alternative to traditional payment services. One of these firms is Num Finance, a small Argentine fintech company, which just launched nCOP – a stablecoin built on the Polygon network and linked to...

Darshan Bathija – Chief Executive Officer of the cryptocurrency lending platform Vauld – revealed that the entity will implement several amendments, including appointing a new CEO. The bear market has significantly affected the Singapore-based company, which laid off a substantial chunk of its workforce in 2022 and suspended withdrawals and deposits. The problems did not end there, and Vauld filed for protection against creditors in July last year. What’s New Around Vauld?...