Tag Archives: AA News

The number of average daily active addresses on the BNB Chain spiked to 1.4 million in the second quarter of 2023, signaling a 25.6% increase from the figure recorded in Q1. According to a report by crypto intelligence firm Messari, the number of daily active addresses almost reached an all-time average of approximately 1.5 million recorded in Q4 2021, during the end of the last bull season. BNB Chain Sees Increase in Daily Active Addresses Messari’s researchers found that...

FTX and Genesis have come to an agreement in principle to settle claims made by both parties in their ongoing legal brawl. Both bankrupt firms had previously claimed that the other party owed money. However, the legal counsel representing both wrote to bankruptcy Judge Sean Lane stating that they had agreed to a settlement. The exact settlement details remain undisclosed. The letter filed by their representatives at the United States Bankruptcy Court for the Southern District...

Well-known crypto critic, Senator Elizabeth Warren, won support from Washington-based banking advocacy group, the Bank Policy Institute (BPI), for newly introduced bipartisan legislation that seeks to regulate the crypto industry and eliminate loopholes for illicit activity. Its support has been viewed as a peculiar move because both Warren and the Wall Street banks have hardly agreed on the same things before. In fact, the Senator has been known to blast at the trade group...

Italian motorcycle manufacturer Ducati partnered with XRP Ledger to enter the Web3 space. The main goal is to launch its first-ever digital collectible, which is a video sequence of all the Ducati logos that have appeared on the tanks of motorbikes produced in Borgo Panigale from 1946 to the present day. The first release is essentially a gift to Ducati fans as it pivots into the Web3 world and is scheduled to be launched on Wednesday, 26 July. Users are required to sign up...

Deloitte, a prominent member of the renowned “Big Four” accounting, consulting, and professional service firms, has joined forces with Chainalysis, a blockchain analytics company, this week. The newly formed strategic alliance aims to offer comprehensive solutions and services for digital asset data and analytics. The collaboration will enable their shared clients to utilize Chainalysis’ exclusive blockchain dataset and analytics software and training program, as well as...

Amidst a lack of bullish cues in the market, SHIB rose by almost 6% over the past day, which pushed its monthly gains to nearly 12%. The meme coin’s surge can be attributed to the Shibarium Beta Bridge, which went live for public testing this week. The move is part of an ambitious roadmap that seeks to transform the Shiba Inu project into a complete ecosystem. The team behind SHIB announced the release of the Shibarium Bridge beta version for public testing, which would allow...

A Tennessee couple was charged for operating a $6 million digital assets commodity pool scheme by the Commodity Futures Trading Commission (CFTC) this week. The United States derivatives market regulator charged the owners of a Clarksville real estate company, Michael and Amanda Griffis, for allegedly defrauding more than 100 people across the country. The couple was also accused of failing to register with the CFTC in connection with a multi-million dollar commodity pool...

Artificial Intelligence (AI) is all the rage owing to the success of OpenAI’s ChatGPT, which has taken conversations about the space to a whole new level. Off late, several AI-related crypto tokens have sprung up, capturing the imagination of investors amidst a dull market. After initial gains, however, these assets underwent significant value reductions. Prominent blockchain analytical firm Kaiko also echoed a similar sentiment. According to its latest analysis, AI-related...

Supporters of war-torn Ukraine have reportedly donated over $225 million worth of crypto to the country in its fight against Russia.  Prominent companies and figures part of the digital asset industry, such as the world’s largest cryptocurrency exchange Binance and Tron’s founder Justin Sun, have also contributed to the nation’s efforts. The Strong Start Followed by Stagnation According to a Crystal Blockchain report (seen by CoinDesk), Ukraine has received almost a quarter...

The popular cryptocurrency exchange – Crypto.com – secured regulatory approval from the central bank of the Netherlands to register as a provider of digital asset services.  The company previously received certain types of authorization from numerous other European nations, including the United Kingdom, France, Italy, Spain, and more. Crypto.com announced it has complied with the Netherlands’ Money Laundering and Terrorist Financing (Prevention) Act to obtain a green light...