Tag Archives: AA News

The leading cryptocurrency exchange – Coinbase – has reportedly disabled new customer sign-ups on its platform in India. However, the company remains committed to the Asian country despite the recent rumors that it might pull out of the local market. No More Sign-ups According to a TechCrunch report, Coinbase has prohibited new sign-ups in India in June this year. A spokesperson of the firm shed more detail: “We stopped allowing new user sign-ups on our exchange product in...

Over the past year, FTX has filed numerous lawsuits against previous business partners, attempting to claw back funds allegedly spent without justification or in subprime deals. Often, these funds were indeed spent on a whim, whether at networking parties or, presumably, gaming. However, LayerZero’s CEO Bryan Pellegrino argued that this could not be farther from the truth in this case. Multimillion-Dollar Lawsuit In the lawsuit filed on the 8th of September, FTX’s new...

In a recent interview with Yahoo Finance, Coinbase CEO Brian Armstrong shared insights into the company’s plans and its interest in flatcoins. Armstrong also shared more details on the future of cryptocurrency and the necessary next steps amid growing regulatory scrutiny. Armstrong Discusses Coinbase’s Future Plans Coinbase’s exec talked about ‘flatcoins’ in the interview, which is an emerging concept that has yet to gain much traction in mainstream crypto discussions....

Bitcoin slid to $25,000 on Monday, after a period of flat trading over the weekend at roughly $25,800. Other digital assets followed suit, with XRP down 6% on the day to just $0.47. The drop marks Bitcoin’s lowest price level since mid-June when the asset reeled from back-to-back U.S. government lawsuits against two of the world’s largest crypto exchanges, Coinbase and Binance. The asset rallied when BlackRock filed for a Bitcoin spot ETF days later, and again when Grayscale...

Prominent blockchain investigator ZachXBT has yet again accused four popular crypto traders of a pump-and-dump scheme. At the center of the controversy are – TraderNJ, PetaByte, XO, and Trader SZ – who allegedly profited from the gains at the expense of their followers. There are many telltale signs of a pump-and-dump scheme. The crypto industry, for one, is swarmed with influencers who continuously “take shady promotion deals without any level of transparency, hurting both...

The dYdX Foundation, a non-profit organization behind the decentralized crypto exchange dYdX, has released its semi-annual report detailing its ecosystem growth and milestones reached in 2023. According to the report, the foundation fostered the development of the dYdX protocol and grew the community in preparation for the release of the v4 open-source software – the dYdX Chain. The Journey So Far in 2023 The foundation said the regulatory challenges of the crypto industry,...

The United Kingdom Financial Conduct Authority (FCA) said it will extend the deadline for crypto firms to implement the strict marketing rules created to protect consumers. According to an official release, the core rules will still come into effect from October 8, 2023, while measures that require greater technical development, like the 24-hour cooling-off period, can be implemented from January 8, 2024. FCA Extends Deadline for New Crypto Rules The FCA has labeled...

Grayscale’s victory over the SEC could be seen as a major setback for the financial regulator, which has intensified its enforcement efforts against the cryptocurrency industry. However, this landmark win did not translate into a notable increase in the accumulation of crypto assets in the spot market. In fact, CCData’s latest report disclosed that the losing streak continued in August despite minor fluctuations. Spot Volumes Takes Hit The total trading volume for spot and...

The world’s most valuable company – Apple, with market cap nearing $3 trillion, has reportedly secured the rights to the upcoming book about FTX’s founder – Sam Bankman-Fried. The book will likely be one of the many documentaries, including short TV series, to be released about SBF and his former empire. Apple Gets the Book FTX’s demise was undeniably the biggest news in the second half of 2022 in the cryptocurrency industry, perhaps even in finance. The once-prominent...

Vitalik Buterin, the co-founder of the second-largest blockchain, Ethereum, had his X account hacked to portray a phishing site that reportedly drained over $800,000. The fraudulent post has been deleted since, and the account has been restored. The blockchain security resource PeckShield was among the first to alert about the ongoing hack later last night, showcasing the suspicious post coming from Buterin’s account. It read that Consensys has decided to distribute...