Tag Archives: AA News

XRP – the native token of Ripple – has been one of crypto’s best performers ever since the enterprise blockchain provider notched a landmark win in its legal battle against the US Securities and Exchange Commission (SEC). According to Kaiko, XRP trades have recently comprised 21% of the total crypto trading volume, leaving BTC in second position with 20%. Ripple’s court victory acted as a catalyst for the native coin of the organization, which has soared by over 55% in the...

The American authorities have reportedly arrested Brandon Austin and his father, Eugene “Hugh” Austin, over accusations that they run a massive crypto fraud, embezzling over $10 million from investors. Brandon, who has already pleaded guilty, will hear his sentence on September 6. Conning Investors to Fund a Lavish Lifestyle According to recent coverage, federal agents detained the 27-year-old Brandon Austin in April and his dad on July 5. US Attorney Damian Williams said the...

Several traditional media outlets reported recently that Binance, the world’s largest crypto exchange, has or will have to dismiss thousands of employees in the wake of its legal battle with US regulators. The company’s CEO confirmed the layoffs but disagreed with the “FUD” reported numbers of terminated staff members. CNBC, WSJ Reports Citing a person familiar with the matter, the Wall Street Journal claimed on Friday that Binance had already dismissed over 1,000 people as...

Ripple’s XRP has undoubtedly been the hottest story throughout the past few weeks. T he legal battle between the company and the US Securities and Exchange Commission culminated last week when US Judge Analisa Torres ruled that secondary sales of XRP didn’t constitute investment contracts. [embedded content] Expectedly, XRP exploded by over 70% and is seemingly on its way to $1. The question is, will it be able to achieve this massive feat in 2023? We decided to ask none...

The landmark decision by Judge Torres in the legal battle between Ripple and the US SEC could positively impact the entire crypto industry, said the former’s CEO, Brad Garlinghouse. He also hopes that the ruling will serve as a wake-up call to US Congress for the upcoming regulations. A Win for Everyone Nearly three years after the SEC sued Ripple for allegedly selling its native cryptocurrency (XRP) as unregistered security, Judge Analisa Torres, presiding over the case,...

US prosecutors have charged Soufiance Oulahya, presently in legal custody in Morocco, with stealing cryptocurrencies and NFTs worth $450,000 from a victim in Manhattan by creating a fake OpenSea marketplace in 2021.   A release from the United States Attorney’s Office Southern District of New York said the defendant illegally obtained the seed phrase of the victim by spoofing and used it to steal their collection of digital art.  Details of the Case Oulahya stole four NFTs...

A crypto wallet service – Klever – revealed that an already known exploit caused by low entropy mnemonic affected several users. The incident first came to light when users reported suspicious activity within their wallets earlier this week. As per the company’s update, the algorithm called Random Generation, used by Bip39 implementation, was previously used by numerous cryptocurrency wallet providers. However, a flaw in the algorithm compromised the security and...

Robert Kiyosaki, the author of several best-seller books, continues to display his support for bitcoin, gold, and silver above all other assets. In his latest tweet on the matter, he praised the aforementioned three assets while warning that the rich will get richer in the wake of the US government’s policies. Sticking With BTC The largest US stock market indexes registered some gains over the week, with the Dow jumping by over 3% and the S&P 500 by just shy of that...

The recently hacked cross-chain router protocol Multichain announced it is shutting down its operations, citing a lack of operational funds and information about its CEO Zhaojun, who is in the custody of Chinese police. The latest update provided by the team confirmed the rumors about the exec’s arrest. On July 14, Multichain took to Twitter to reveal that Zhaojun has been out of contact with the team since being apprehended by the Chinese police from his home. His sister was...

Lawyers representing Sam Bankman-Fried (SBF) requested Judge Lewis Kaplan to issue an order permitting certain people to visit their client without the necessity of security checks. Despite being allowed to reside at his parents’ house, the former CEO of FTX is subject to strict restrictions. He must wear an electronic monitoring bracelet, while a security guard must be present should he invite guests. SBF’s Wish Bankman-Fried’s attorneys sent an official letter to New York...