Tag Archives: AA News

Twitter’s main logo abruptly changed on Monday into a picture of the infamous “Doge” meme – a Dogecoin (DOGE) predictably pumped as a result.  The cryptocurrency is up 25% in the past hour, now trading for $0.1.  Elon Pumps Doge (Again) When logging into Twitter, the bluebird that once appeared on Twitter’s loading page has now been replaced by an icon of Doge. Meanwhile, the similar icon used to return to one’s homepage Twitter feed in the upper left corner of the desktop...

A large Ethereum MEV bot was targeted in a sandwich attack on Sunday, netting an attacking validator roughly $25 million in funds.  A sandwich attack is when an attacker places a large trade on either side of a target’s transaction, manipulating the price and profiting from the price change.  In this case, the money was taken from maximal extractable value (MEV) bots  – bots focused on rearranging transactions within a block to maximize the profits it generates for...

Vitalik Buterin encouraged the deployment of Zero-knowledge Ethereum Virtual Machines (zk-EVMs) on the Ethereum mainnet. In a blog post, Buterin stated that the zk-EVMs would speed up Ethereum’s verification process without affecting the network’s decentralization and security. zk-EVMs to Interact With Ethereum’s Multi-Client Philosophy According to the Russian-Canadian programmer, Ethereum maintains its security and decentralization through its multi-client philosophy, which...

Dfinity Foundation –  a not-for-profit organization that develops the Internet Computer protocol – announced the launch of a “twin” token that is 1:1 cryptographically secured by Bitcoin. Dubbed “ckBTC,” the new token is being touted as liquid and cost-efficient that will enable layer-2 capabilities on Bitcoin by making it faster and cheaper to transact without compromising security. According to the official press release shared with CryptoPotato, Internet Computer aims to...

Crypto firms in the United Kingdom are struggling to obtain banking services, Bloomberg reported Sunday, citing multiple sources. Local crypto executives expressed frustration with rejected applications, frozen bank accounts, and overwhelming paperwork. The situation was exacerbated by the departure of United States-based lenders Silvergate Capital, Signature Bank, and Silicon Valley Banks. Banking Restrictions Hinder Crypto Firms in the UK According to the report, the...

The Arbitrum Foundation found itself at the receiving end of significant backlash over its governance voting system. The drama centers around the sale of 10 million in ARB tokens for fiat by the Ethereum layer 2 solutions provider even before the community had formally ratified its budget. Following the community outrage, the Arbitrum Foundation acknowledged that the first governance proposal – AIP-1 – “will likely not pass.” Arbitrum Drama According to the Twitter thread,...

The expansion of crypto payments in the non-profit sector has opened avenues for donors. Non-profit organizations of different shapes, sizes, and missions have seen continued success as a result of this emerging philanthropy landscape. The expansion of the donation option has already generated results. According to the latest data compiled by prominent crypto charity platform, ‘The Giving Block,’ cryptocurrency donations are set to surpass a whopping $10 billion in the next...

43% of the 1,500 Singaporean respondents in a recent Independent Reserve survey said they own some amount of cryptocurrencies. In comparison, last year’s research estimated the figure to be around 40%, while the adoption levels were 43% in 2021 (during the bull run). 77% of the HODLers said they have two or more digital assets, with diversifying portfolios being the main reason behind the investment. The New Trends Following the Market’s Revival Apart from the surging crypto...

Tron Founder Justin Sun’s tenure as Grenada’s Ambassador to the World Trade Organization (WTO, came to an end on March 31.  The end of Sun’s diplomatic status comes shortly after the SEC accused the Tron boss of fraud and market manipulation. Justin Sun, in a tweet thread, announced the end of his term as Grenada’s representative to the WTO, which took effect on Friday, March 31, 2023. Sun stated he gained valuable experience during his time as ambassador, adding that he was...

Research by the Boston Consulting Group (BCG) suggests that the tokenization of global illiquid assets could become a $16 trillion industry by 2030. Real-world assets include equities, bonds, investment funds, and other financial instruments. They can also include commodities such as gold and silver and real estate. Furthermore, analysts are predicting that this will become a catalyst for mainstream crypto adoption. One crypto sector is estimated to reach $16 Trillion by...