Tag Archives: AA News

Binance’s venture capital and incubation arm, Binance Labs, has announced investing $10 million in LayerZero Labs-based lending and borrowing protocol, Radiant Capital. The capital raised in the strategic funding round will be deployed to tech and product development to expand on oracle support, collateral expansion, Ethereum mainnet deployment, cross-chain liquidations, dual-emissions support, abstracted repayments, and full LayerZero messaging support. According to the...

With a swath of Bitcoin spot ETF applications knocking at the regulators’ doorsteps, it’s only a matter of time before the U.S. Securities and Exchange Commission (SEC) is forced to issue a decision on whether or not to approve them. Estimates show that the agency may approve the first application as early as August. First Deadline Incoming According to Bloomberg ETF analyst James Seyffart, the ARK 21shares Bitcoin ETF – which has been denied alongside other spot ETFs in past...

The “BITCOIN” cryptocurrency has skyrocketed by over 300% in value over the past week – gains the world’s largest cryptocurrency could only hope to gain through a massive influx of investor capital. That said, a closer look shows that’s not exactly what happened. “BITCOIN” is actually the ticker symbol for a relatively new meme token, called HarryPotterObamaSonic10Inu (ERC-20). Data from CoinMarketCap shows that the token is suddenly generating over $14 million in daily...

The Solana network has not suffered any outages in the last five months and has been 100% uptime since February. The enhanced network performance marks a striking transformation from the previous year when layer-1 network outages caused severe disruptions. A new report released by Solana Foundation stated that the subsequent upgrades, including the rollout of QUIC TPU, Stake weighted QoS, and localized fee markets, have helped the network to handle high traffic and demand....

The Department of Justice (DOJ) of the United States plans to reinforce its team responsible for investigating cryptocurrency-related crimes with more prosecutors. The unit will also have a new leader, with Claudia Quiroz replacing Eun Young Choi at the helm. The team has played a major role in many of the DOJ’s crypto cases, such as bringing charges against Bitzlato and the investigation into Binance. Bringing NCET to ‘the Next Level’ The DOJ disclosed that it will more than...

The bipartisan legislation introduced earlier this week – titled the Crypto-Asset National Security Enhancement (CANSEE) Act – that seeks to regulate the decentralized finance (DeFi) sector has caused quite a stir. Cypto advocacy groups are voicing objection to the bill arguing that such an approach would stifle innovation in the United States. Coin Center, for one, lashed out at the bill and called it a messy, arbitrary, and unconstitutional approach to DeFi. CANSEE: A...

The leading cryptocurrency exchange Bitget revealed its plans to expand into the Middle East region, specifically the United Arab Emirates and Bahrain.  The financial heart of the UAE – Dubai – has turned into a hotbed of cryptocurrency activity, attracting numerous companies with its friendly approach to the industry. Binance, Bybit, OKX, and other exchanges have recently obtained approval to offer services in the area.  A Move Focused on ‘Core Values’ According to a...

The cryptocurrency exchange BitMEX announced that it had extended its collaboration with one of the most successful Italian soccer teams – AC Milan.  This could be considered another proof that the company continues its recovery following the prolonger bear market last year when it laid off employees and saw its CEO resigning from his post. Renewing the Partnership BitMEX disclosed that it has transitioned to a Premium Partner of AC Milan according to the new terms. The...

On-chain analysts at CryptoQuant have confirmed previous rumors that the United States government has sold another large batch of Bitcoin (BTC) connected to the defunct darknet marketplace, Silk Road.  In a report shared with CryptoPotato, the firm said that the firm sold 8,200 BTC from Silk Road hacker James Zhong on July 12. This was slightly under previous estimates, indicating that the government had moved roughly 9,826 from its known wallets. It’s also less than the...

The landmark victory for Ripple in its lawsuit against the U.S. Securities and Exchange Commission (SEC) may have ignited a bull market for neighboring altcoins, according to a recent report from CryptoQuant. The crypto market intelligence firm provided a series of stats reflecting growth in altcoin market activity over the past week, versus relative stagnancy within the Bitcoin (BTC) and Ethereum (ETH) markets. The Return of Alt Season When analyzing price performance based...