Tag Archives: AA News

With less than a year remaining until Bitcoin’s fourth ever halving, speculation has already begun on whether this one will be followed by the same or similar bull runs as the previous ones. In-depth data shows that the asset’s price performance has been rather identical before and after the last two such events. The Halving Effect Upon creating the network, the anonymous developer Satoshi Nakamoto incorporated an event called the halving, which occurs every 210,000 blocks...

The United States Securities and Exchange Commission has issued a response to Coinbase’s recent filing, in which it claims that the exchange made a “calculated decision” to act as an unregistered securities intermediary. The company filed to dismiss the SEC’s charges back in June. The agency launched a full-on legal operation against two of the behemoths of the crypto industry in early June when it filed consecutive lawsuits against Binance (and its US affiliate) as well as...

Bitcoin (BTC)’s performance this year is modeling that of previous 4-year market cycles, signaling the early innings of another potential bull market, according to market analysis firm Reflexivity Research. The firm published a report this week exploring drivers behind the asset’s strong performance in Q2, examining both market structure and on-chain data. Who Is Buying Bitcoin? As the report states, Bitcoin’s present tailwind to two critical events this year: the banking...

The stablecoin issuer announced the listing of Euro Tether (EUR₮) and Tether Gold (XAU₮) on XT.COM, which is being touted as the “world’s first social-infused exchange.” The latest move will enable users on the platform to access XAU₮ – which represents ownership of physical gold – as well as the ability to transact with EUR₮ – a stablecoin pegged 1:1 to the euro. The expansion news comes amidst increasing scrutiny in the stablecoin sector. The addition of EUR₮ and XAU₮ will...

One of the leading cryptocurrency mining companies – Marathon Digital – produced 979 BTC in June, 21% less than the 1,245 BTC mined in May. As of the end of last month, the company owned 12,538 BTC, making it one of the biggest corporate holders of the primary digital asset. The June Figures The US-based BTC miner announced that the extremely hot weather in Texas last month and the emergence of Ordinals, which “significantly increased transaction fees,” have negatively...

Simon Hoadley – a 66-year-old retired financial advisor who lives in East Sussex, the UK – has reportedly become a victim of a “horrendous” cryptocurrency scam that drained nearly $100,000 from him. Fortunately, legal experts managed to recover nearly all the lost funds. Scammers Have No Mercy As reported by Mirror, Hoadley was looking to earn some extra money during the COVID-19 pandemic as his dad was dying from cancer, whereas his wife was living in a care home. At that...

The first Bitcoin ETF application was filed way back in 2013 by Cameron and Tyler Winklevoss. However, the US regulators have not approved any such application to date.  But now, they are seemingly under tremendous pressure, with some of the biggest players in traditional finance throwing their hats in the ring. Race for BTC ETF Hots Up  In the latest, the world’s largest fund manager – BlackRock – filed on June 15 for a spot Bitcoin investment trust fund through iShares, the...

The hype surrounding Artificial Intelligence (AI) is taking multiple industries by storm, and the digital assets industry appears to be readily embracing the tech. Lightning Labs has become the latest platform to tap the space. The team behind the Bitcoin Lightning Network announced the release of a new set of developer tools to enable the Lightning and AI developer communities to interact with Bitcoin seamlessly. Lightning Labs Taps AI According to the official blog post,...

Uniswap Labs has shared some detail about its much-anticipated v4 release, which is currently undergoing active development. In a new post, the team behind the DeFi juggernaut Uniswap said it is thinking about the launch of the upcoming version in terms of three milestones. If no security issues or delays with respect Cancun hard fork and audit process occur, V4 is likely to be launched later this year. Updates on Uniswap V4 According to Uniswap Foundation’s governance lead,...

According to US Bankruptcy Judge Sean Lane, Genesis, whose repayment plan was pending approval, will first have to resolve its outstanding issues with FTX. The announcement came mere hours after Cameron Winklevoss’ ultimatum to DCG CEO Barry Silbert expired, meaning yet another lawsuit against Genesis’ parent company is also on the horizon. A response to said ultimatum, which would have forced DCG to stick to a repayment plan, may now be out of DCG’s control to begin with....