Tag Archives: AA News

Non-custodial decentralized finance (DeFi) protocol, Arcadia Finance, is the latest victim of a $455,000 exploit that occurred on both the Ethereum and Optimism networks. Confirming the hack, Arcadia revealed that it is working with security partners to minimize the damage after pausing the contracts. The platform has also roped in law enforcement to deal with the issue. Blockchain security expert PeckShield was first to notify the attack on Arcadia and claimed that it was...

Blockchain detective ZachXBT has implicated a YouTuber with over 120,000 subscribers in over $1.5 million worth of crypto scams over the past two years. Some of those scams are connected to the infamous Monkey Drainer, an anonymous and boastful phishing scammer known for stealing people’s NFTs. Linking “Blue” to Monkey Drainer Before entering the world of crypto scams in July 2021, the scammer – known as either “BlueXBT” or “JB Adventures” (Jack) – had grown his YouTube...

Robert F. Kennedy – a US presidential candidate from the Democratic party and an outspoken advocate of the cryptocurrency industry – revealed owning between $100,001 and $250,000 worth of bitcoin.  The disclosure comes approximately two months after the Miami BTC conference, where he said he is not a crypto investor. Kennedy Owns Over 3 BTC According to a financial disclosure report seen by CNBC, the Kennedy family held up to $250K in bitcoin as of June 30. While this could...

One of the biggest British banking institutions – Standard Chartered – has reportedly forecasted that bitcoin’s price could reach $50,000 by the year’s end and skyrocket to $120,000 by the end of 2024.  The bank has not always been that bullish. Eric Robertsen – Global Head of Research at Standard Chartered – suggested in December 2022 (shortly after the FTX crash) that bitcoin could sink to $5,000 in 2023, whereas gold could soar to $2,250 per ounce. Those predictions have...

Changpeng Zhao – CEO of crypto exchange Binance – believes his company has formed “a tight team” partly due to the “Fear, Uncertainty, Doubt” (FUD) that surrounds it on a regular basis.  The firm has been coping with regulatory issues with the US Securities and Exchange Commission (SEC), the Department of Justice (DOJ), and other watchdogs over the years. CEO Zhao has been constant in his statements, claiming Binance cooperates with regulators, whereas some media outlets have...

John Deaton, a pro-Ripple lawyer representing thousands of XRP holders, believes the United States Securities and Exchange Commission (SEC) strategically capitalized on Ripple’s commitment to transparency and used it to target the company and its CEO, Brad Garlinghouse. The attorney shared his thoughts in response to a Twitter post by Delphi Labs’ general counsel Gabriel Shapiro about the use of Know Your Customer (KYC) systems in the crypto space. KYC for Large Crypto...

Bitcoin and Ethereum are trading at an enticing discount on Binance.US, but not all users will be able to leverage it. At nearly $27,500, Bitcoin is trading about $2,500 lower on Binance.US compared to global spot markets. Ethereum, on the other hand, was trading at $1,700 – a discount of $200, offering market participants a better price than other crypto exchanges. Discount Concerns Crypto users took to Twitter to address the situation and termed it a “depeg” of...

Despite bitcoin’s relatively flat trading at between $30,000 and $31,000 lately, BTC sharks and whales have purchased approximately $2.14 billion (calculated at current prices) worth of the leading digital asset since June 17.  According to Santiment’s data, those investors own around 13.02 million BTC, equaling over $391 billion. The Recent Accumulation Spree The analytics platform focused on cryptocurrencies – Santiment – estimated that bitcoin sharks and whales (those who...

The Portuguese soccer megastar Cristiano Ronaldo launched a new NFT collection called “Forever CR7: The GOAT.” The digital items are live on Binance NFT Marketplace and depict historic goalscoring moments from his career. Ronaldo’s memorable bicycle kick goal against Juventus in 2018 is featured as a Super Super Rare NFT with a bidding price of 15,000 USDT.  A Closer Look of CR’s NFTs The world’s largest cryptocurrency exchange inked a deal with one of the greatest soccer...

Conor Grogan – the head of product at Coinbase – said he found $322,000 worth of digital assets that belonged to a person who was unaware of that since the funds were transferred after Ethereum’s hard fork in 2016. The executive discovered that the owner of the crypto stash had previously become a victim of hackers who drained their entire life savings. Lucky Day for Numerous Investors Thanks to Grogan Coinbase’s director announced on Twitter that he had tracked down “6+...