Tag Archives: AA News

Bankrupt crypto lender Celsius Network submitted an “adversary complaint” against EquitiesFirst Holdings on Wednesday, as per the confidential adversary complaint. The moves come as Celsius attempts to recoup assets from the private lender which reportedly owes $439 million. The debt comprises $361 million in cash and 3,765 BTC as of July 2022. EquitiesFirst: The ‘Mysterious’ Debtor to Celsius The filing stated that Celsius is seeking injunctive relief and a declaratory...

Ryan Salame, a former high-ranking executive at the crypto exchange FTX, has entered a guilty plea in connection with criminal charges related to the extensive fraud case involving FTX’s founder, Sam Bankman-Fried. As part of the agreement, Salame has agreed to pay $5 million to debtors of FTX, and $6 million in fines to the government. He will also forfeit two Massachusetts homes and one 2021 Porsche automobile. Another Witness Against SBF Appearing in court on Thursday,...

Tornado Cash developer Roman Storm has reportedly pleaded ‘not guilty,’ denying all charges related to money laundering exceeding $1 billion, including allegations connected to a cybercrime group associated with the North Korean government and violations of United States sanctions. Storm, who is a naturalized US citizen and the co-founder of the controversial coin mixer, was granted release on a $2 billion bond shortly after his arrest in August. Dev Pleads Not Guilty...

Chainlink has forged several collaborations with prominent companies but on the price side of things, its native token has yet to recoup its losses. Over the past month, LINK was down by approximately 14%. Surging past the crucial resistance level at $6 was a feat given a broad bearish market for altcoins this week, but the token could potentially be poised for more gains. According to Santiment, the “shark” tier of LINK investors has been amassing coins. As a result, the...

The U.S. Financial Accounting Services Board (FASB) has passed a unanimous vote to drastically change the way crypto asset values are recorded on publicly traded companies’ balance sheets. Experts predict the change will make crypto more attractive to hold by exposing big investors to the upside potential of their assets. How FASB’s Change Impacts Crypto On Wednesday, the Board held a meeting to evaluate comments on the proposed change, which would have crypto assets marked...

Blockchain analytics firm Arkham Intelligence has found that on-chain wallets tied to the Grayscale Bitcoin Trust (GBTC) hold more than $16 billion in BTC. In a recent tweet, the crypto data tracking platform said that the trust’s issuer, Grayscale Investments, is the second largest global bitcoin holder, with the assets spread across more than 1,750 different addresses. Grayscale Holds Over $16B in BTC Arkham noted that Grayscale has refused to identify GBTC’s on-chain...

Millions of digital assets have been stolen by cyber adversaries via DNS hijacking attacks for phishing purposes, targeting users’ wallet seed phrases, or creating deceptive webpages that closely resemble legitimate sites. Attacks on Domain Name Systems (DNSs) play a crucial role in the internet’s infrastructure, providing insights into security incidents in Web 2 that have directly affected the Web3 industry. However, transitioning to decentralized frontends has emerged as a...

Cathie Wood’s asset management firm, ARK Invest, has filed for the United States’ first Ether (ETH) spot ETF weeks after regulators placed the company’s Bitcoin ETF application on the backburner. Fellow investment manager VanEck has submitted a similar 19b-4 application, starting the clock for when regulators must approve or deny each submission. Ark’s Ether ETF Pitch In an S-1 filed with the Securities and Exchange Commission (SEC) on Wednesday, the ARK21Shares Ethereum ETF...

The leading cryptocurrency exchange – Coinbase – has reportedly started offering crypto loans to US institutional investors.  The move could signal the company’s willingness to strengthen its position in America despite the regulatory uncertainty and the issues with local watchdogs. Recall that the US SEC filed a lawsuit against Coinbase in June, accusing the trading venue of breaching several rules and offering trading services with unregistered securities. Capitalizing on...

With crypto market apathy in full effect, decentralized finance (DeFi) activity has plummeted across the board in 2023 – all but in one sub-sector. Liquid staking protocols are approaching an all-time high in total value locked (TVL), having appreciated nearly 293% since their June 2022 lows. The Rise of Liquid Staking According to DeFiLlama, liquid staking protocols now hold $20.5 billion in assets – up from slightly over $5 billion 15 months ago. Lido alone boasts $14.1...