Tag Archives: AA News

Nansen – a blockchain market intelligence firm – released a report on Tuesday analyzing how the earliest whales to onboard Coinbase’s layer 2 blockchain – Base – are using their money. Here’s what the company found. Early whales largely allocated to Ethereum and its layer 2 networks. As of August 7, the most value held by these whales ($19.6 million) was on Ethereum itself, followed by Base ($17.6 million), Arbitrum, and Optimism. Regarding tokens, ETH was the most common...

Sam Bankman-Fried was reportedly sent to jail on Friday as US Judge Lewis Kaplan denied his lawyers’ request to delay detention. The former crypto mogul’s court date is set for October 2nd, and he could sit in a jail cell until then if the appeal is unsuccessful. CryptoPotato reported last month the allegations presented by the New York Times that SBF had tried to intimidate one of the key witnesses in his legal battle against US authorities – the former leader of Alameda...

The Securities and Exchange Commission (SEC) has filed to postpone its decision on whether to approve or deny the Ark 21Shares Bitcoin ETF for listing on BZX. This marks the agency’s first delay on the latest wave of Bitcoin spot ETF applications, possibly indicating a similar short-term fate for rival applicants. Questions For the Public In its Friday letter, the SEC said it seeks public comment on BZX’s application, which would list the very first Bitcoin spot ETF on a...

The once-prominent cryptocurrency exchange Bittrex has reportedly agreed to pay $24 million in penalties to resolve its quarrel with the United States Securities and Exchange Commission (SEC). The agency has previously accused the platform of offering services to American clients without obtaining the necessary registration. The exchange shuttered its US operations and filed for bankruptcy protection shortly after the regulator targeted it. As reported by Bloomberg, Bittrex...

Argentina’s Agency for Access to Public Information (AAIP) disclosed that it is currently conducting an investigation on Worldcoin to determine whether it complies with security and privacy rules. The cryptocurrency project, which saw the light of day in July, sparked huge controversy due to its eye-scanning requirements. Other countries, including Kenya and Germany, have also raised concerns on the matter. Argentina Joining the Club The aforementioned agency said it will...

The initial response to Coinbase’s layer 2 blockchain – Base – has been favorable so far. It has garnered substantial engagement in both DeFi operations and cross-chain bridge transactions. The daily active users on Base, for one, surpassed 100,000 for the first time. More importantly, the figure came just a day after the much-anticipated launch of the blockchain’s mainnet. Base was already live for testing by developers but launched for the public officially with more than...

Cryptocurrency trading platform Kraken dethroned its rival Coinbase to become the most liquid United States exchange for altcoins in July. According to a tweet by Dessislava Laneva, a research analyst at crypto data platform Kaiko, by the end of July, Kraken had claimed 47% of the market depth in the US for the top 10 altcoins. Kraken Claims Largest U.S. Market Depth for Altcoins As of January 2023, Kraken had only a 39% share of the market depth of altcoins, while Coinbase...

Evernode – a layer 2 smart contract solution built on top of the XRP Ledger (XRPL) – announced the first details of its airdrop intended to reach XRP holders. Such investors should provide a snapshot of their possessions by the beginning of September and must hold their tokens on-chain. The team behind the decentralized platform revealed that it will airdrop 5,160,960 Evers to eligible XRP holders. Investors will be required to send a snapshot of their stash (stored directly...

As BTC’s USD exchange rate settled Thursday from a Tuesday high above $30,000 to the mid-$29Ks, a Family Guy crypto meme started making the rounds on X.com: JUST IN – If You Had Invested $100 In #Bitcoin When Peter From ‘Family Guy’ Said “#Bitcoin” For The First Time, You’d Have $6,637.08 today a profit of 6,537.08% ? pic.twitter.com/p75UlynUVM — Simply Bitcoin (@SimplyBitcoinTV) August 10, 2023 A $100 investment in Bitcoin the day Peter Griffin said, “Bitcoin” on Family...

Jinwook Shin, CEO of cryptocurrency exchange Bitsonic, has been apprehended by South Korean law enforcement on August 7th. He is currently being investigated for allegedly embezzling investments and deposits from users of the exchange. According to the report by South Korean news agency Chosun Biz, Shin is being accused of fraudulently manipulating cryptocurrency prices and trading volume on Bitsonic, which led to the misappropriation of approximately 10 billion won ($7.5...