Tag Archives: AA News

It’s been over half a year since the Harmony bridge was breached, allowing hackers believed to be a part of the Lazarus Group to make off with about $100 million in cryptocurrencies at the time they were stolen. Multiple Cashout Attempts Nearly $91 million of those funds have seen attempted cashouts so far. The most recent attempt at laundering the stolen funds saw about $27 million worth of crypto being moved. The operation was detected by security researchers, although it...

The South Korean authorities reportedly issued an arrest warrant to a former Chief Executive Officer of the e-commerce giant TMON. He supposedly accepted bribes in Terra (LUNA) worth billions of won to promote the infamous blockchain project. Terra Keeps Splashing the Water As reported by a local media outlet, an ex-boss of the Korean e-commerce company TMON was slapped with an arrest warrant due to his interaction with the collapsed cryptocurrency project Terraform Labs....

Input Output Global (IOG), the organization behind the Cardano blockchain, has launched a valentine upgrade for its Standards for Efficient Cryptography (SECP) primitives on the network’s mainnet. With the update, developers can now use a broader range of native multi-signature designs to build secure and cost-effective decentralized applications (DApps). Happy St. Valentine’s day. 💙 We are pleased to report that the #Valentine upgrade – support for #Plutus SECP...

Ordinals keep making headlines as there are now more than 100,000 inscriptions carried out on Bitcoin’s network. This has had a notable effect on the network state itself and has sparked a massive debate within the community. Inscriptions are Bitcoin’s version of a non-fungible token (NFT), and they have been making strides throughout the past couple of weeks. Multiple high-end sales already took place within the range of the first 1,000 inscriptions, with Ordinal Punks...

Taurus SA – a Swiss entity that provides an infrastructure to issue, custody, and trade cryptocurrencies – raised $65 million to improve its platform and expand internationally.  Major monetary institutions, including Credit Suisse, Deutsche Bank, and Arab Bank Switzerland, led the financing. Facing Towards Other Continents Taurus disclosed it will use the funds from the Series B fundraiser to hire more engineers who could develop its platform, offer additional security to...

Lee Reiners, policy director at the Duke Financial Economics Center, recommended that banking agenices restrict the crypto industry from accessing the banking system while testifying to the Senate Banking Committee on Tuesday.  The professor claimed that crypto has produced nothing of benefit during the 14 years since Bitcoin’s whitepaper was published.  What to Do About Crypto The hearing, titled “Crypto Crash,” explored why crypto needs tighter regulation and safeguards to...

The United States Securities and Exchange Commission (SEC) plans to propose new rules that would toughen the requirements for cryptocurrency firms to become qualified custodians for institutional fund managers. Although the draft proposal will be submitted on Wednesday, the affected area remains unclear, Bloomberg reported, citing people familiar with the matter. Crypto Firms to Face Scrutiny as Qualified Custodians According to the report, the SEC intends to submit a draft...

Since the launch of the new controversial Bitcoin-based non-fungible token (NFT) protocol Ordinals in mid-December, miners on the largest blockchain have made nearly $600,000 in BTC transaction fees. According to data from blockchain data platform Dune Analytics, a total of 81,468 Ordinals have been inscribed into the Bitcoin network. This has caused an upsurge in user activity and, as a result, increased the number of non-zero Bitcoin addresses. BTC Miners Cash Out From...

A new survey conducted by the world’s largest cryptocurrency exchange Binance discovered that having an interest in crypto could make people more attractive. Binance conducted the study from February 6 to 9, 2023, surveying 2,600 participants aged 18 to 46. Interest in Crypto is a “Significant Plus” The survey discovered that an active interest in crypto could be a “significant plus” in a potential romantic relationship. A total of 83% of respondents disclosed that liking...

African victims are speaking up about FTX after a variety of promotional schemes lured them into putting their money into the now-defunct industry giant.  One such deal was an ambassador program promising 40% commissions to members who invited their friends to join the exchange.  Africans Speak Out FTX Africa promoted its ambassador program in early August – roughly 3 months before the exchange froze user withdrawals and filed for bankruptcy, due to a multi-billion dollar...