Tag Archives: AA News

Ethereum network’s active deposits have reached an eight-month high. This metric depicts the total number of all incoming and outcoming transactions involving deposit addresses and accounts for both user-to-exchange transactions – from a personal wallet to a deposit address, as well as from a deposit address to the main exchange wallet. According to the latest data compiled by crypto-analytic Santiment, the deposits hitting an eight-month high could potentially foreshadow...

Voyager Digital is planning to self-liquidate its assets and shut down operations after failing to secure purchase deals with Binance as well as FTX.US. The planned FTX-Voyager acquisition failed as a result of the exchange sliding into an abrupt bankruptcy and the subsequent arrest of its chief, Sam Bankman-Fried. However, the collapse of the deal with the American arm of crypto giant Binance was seen as a major blow to the digital asset industry’s efforts to establish...

According to CoinGecko research, the residents of the United States seem the most interested in memecoins such as Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and Pepe Coin (PEPE). India and the United Kingdom rank respectively second and third.  Despite being the first memecoin, DOGE has lost its leading position in numerous countries. Morocco is the only nation in the top 10 where Elon Musk’s favorite digital asset captured the most interest.  The Trends This Year...

Polkadot announced that Deloitte Switzerland is integrating the former’s parachain KILT blockchain technology for issuing reusable digital credentials to support KYC and KYB processes. With this move, Deloitte has become the latest major enterprise partner to come to the Polkadot ecosystem. The digital credentials in question will have extensive use cases such as regulatory compliance for banking and decentralized finance (DeFi), age verification for e-commerce, private...

Brian Armstrong, the co-founder and chief executive officer of major American cryptocurrency exchange Coinbase, revealed that the company is still 100% committed to the US market, despite the lack of regulatory clarity in the country. The CEO’s disclosure came as a response to a question from shareholders, who were curious about Coinbase’s plans to move operations out of the US and the implications of such for customers, during an earnings call for Q1 2023 on Thursday....

Technology entrepreneur, philanthropist, and co-founder of multinational technology giant Apple, Steve Wozniak, has criticized Elon Musk, billionaire CEO of Tesla and also owner and CEO of Twitter, for failing to fulfill the promise to launch self-driving cars. Wozniak also said Tesla could kill, referring to the car model as an example of artificial intelligence (AI) “gone wrong.” Wozniak Slams Musk on Failed Promise In a recent interview with CNN, Steve Wozniak was asked...

Bankrupt crypto exchange FTX missed the potential to own billions of dollars worth of SUI tokens after it sold its warrant rights to the native token of the nearly launched layer-1 blockchain too early. Following the much-anticipated launch of the Sui mainnet, the price of the SUI token rose to over $3 before dropping in value. At SUI’s current price, FTX’s SUI tokens would have been worth around $1 billion. FTX Loses out on Gains on SUI After Selling its Token Warrants FTX’s...

The Casablanca Court of Appeals ruled that the 21-year-old Frenchman – Thomas Clausi – will serve an 18-month prison sentence for orchestrating a crypto scheme. The defendant must compensate the victims of his scam and pay a fine of 3.4 million euros ($3.7 million) to customs authorities.  Crypto fraudsters have been quite inventive recently, draining significant sums from investors. Fortunately, law enforcement agencies have arrested and sent to jail some of them.  For...

The government of Kenya plans to impose a 3% tax on cryptocurrency transfers to narrow the fiscal deficit of the country and boost its domestic revenues. Kenya is among the leaders on the African continent in terms of crypto adoption. Patrick Njoroge – Governor of the Central Bank – has previously suggested that bitcoin could solve the nation’s problems with its depreciating official currency. Crypto Included in the New Bill As reported by Bloomberg, Kenya’s lawmakers might...

Payment giant Stripe announced the launch of a fiat-to-crypto onramp to streamline process the for Web3 companies to enable US-based customers to purchase crypto. The company will also be opening the onramp to all Web3 users, in addition to the ones who joined the waitlist over the last few months. The onramp, whether embedded on a company’s site or hosted by Stripe, focuses on optimizing conversion and authorization rates. Such a mechanism in place makes it more likely that...