Tag Archives: AA News

A research conducted by Melbourne’s RMIT University estimated that Australian criminals who have employed cryptocurrencies, such as bitcoin, in their schemes had received harsher sentences than those who used fiat.  The study outlined the role of digital assets on the Dark Web, claiming they are among the main payment methods supported there. Less Mercy to Criminals Using Crypto The analysis reviewed 59 cases involving people who have used cryptocurrencies in their offenses...

On April 13, Solana said that its flagship, security-conscious, crypto-first Android device from Solana Mobile is available to those who pre-ordered. The firm will begin taking new orde1111rs for the device on May 8, it added. The Saga crypto smartphone was originally announced in mid-2022. It stated that the team has been using Saga for months now, along with “hundreds of developers.” Saga will be able to manage and store crypto assets, mint NFTs, and run decentralized...

San Francisco’s law enforcement agents have reportedly detained the 38-year-old tech-consultant and entrepreneur – Nima Momeni – for the alleged murder of Bob Lee (founder of the mobile payment service that allows users to buy and sell bitcoin – CashApp). The incident happened last week when Lee was stabbed to death in the Rincon Hill neighborhood. Numerous prominent individuals, including Twitter’s owner Elon Musk, castigated San Francisco for the violence in the city. The...

The Securities and Exchange Commission (SEC) is furthering its plans to bring crypto exchanges under its regulatory purview – including DeFi exchanges.  The agency has announced that it is reopening an old proposal surrounding consumer protection laws to explicitly put digital asset trading within its scope.  Regulating DeFi Per a press release from the SEC on Friday, the reopening reiterates that existing rules governing securities exchanges also apply to digital asset...

Pierre Wunsch – Governor of the National Bank of Belgium – thinks the European Central Bank (ECB) should keep raising the interest rates to combat the bothersome inflation. The institution lifted the rates to 3.5% in March (the highest since the financial crash in 2008). The Federal Reserve also has a similar strategy in the States, with interest rates currently standing at a range of 4.75% to 5%.  While raising the benchmark aims at limiting the money supply and thus...

The ongoing legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple has taken another turn as the San Francisco-based blockchain company has countered the SEC’s argument regarding its fair notice defense strategy. According to a document filed on April 13, Ripple insisted that the case cited by the SEC did not provide any grounds to dismiss the fair notice defense. The blockchain company also substantiated its claims that the securities...

Arthur Hayes – co-founder of BitMEX – believes the altcoin season (a time frame during which the alternative coins outperform Bitcoin and reduce its dominance in the crypto market) is already here. Assets like Ether (ETH), Arbitrum (ARB), and Dogecoin (DOGE) have marked substantial gains in the past 24 hours, whereas BTC has been relatively stable at a range of $30-31K. Enter the Alt Season In one of his most recent tweets, Hayes presented a price chart of Ether (ETH),...

Tornado Cash has, once again, found itself as the nexus of pilfered funds from a DeFi protocol. An Ethereum wallet address associated with the exploiter of the DAO Maker breach from 2021 sent $600,000 worth of DAI stablecoin through the controversial coin mixer. According to the blockchain security firm, PeckShield, the wallet had been dormant for more than 200 days. The movement was detected nearly seven months after another wallet linked with the exploiter transferred...

Open-source blockchain platform EOS announced the beta launch of its Ethereum Virtual Machine (EVM) mainnet, designed to enhance interoperability between the network and the Ethereum Blockchain. The EOS Network Foundation (ENF) also inked a strategic partnership with market maker and investment firm DWF Labs through an investment deal of $60 million to further the platform’s growth and development. EOS Unveils EVM Mainnet According to a press release sent to CryptoPotato, the...

Tron founder Justin Sun has been issued a summons by the U.S. District Court for the Southern District of New York in connection to a recent lawsuit from the Securities and Exchange Commission (SEC).  The billionaire will be subject to “default judgment” if he fails to respond to the summons within 21 days, implying that he will face penalties.  In a Wednesday filing, the court ordered Sun to contact SEC attorney Adam B. Gottlieb with a response to the agency’s complaint. ...