Tag Archives: AA News

A year after invading Ukraine, Russia’s military fundraising groups have raised millions of dollars in cryptocurrencies despite sanctions imposed by the U.S. and other countries. While it appears that Russian military procurement and disinformation groups have raised about $4.2 million, comparatively smaller than Ukraine’s over $212 million, research by blockchain analytics firm Elliptic has discovered that the nation has raised as much as $20 million in cryptocurrencies....

A low-profile but highly influential senior executive at Binance has spoken out as the company begins legal battles against two top market regulators in the United States. Yi He, who boasts a massive fortune as one of the company’s early shareholders, has also had children with Binance CEO Changpeng Zhao (CZ). The SEC Lawsuit He spoke to Bloomberg in a series of interviews – one of which took place in Dubai last month, shortly before the Securities and Exchange Commission...

Coinbase’s developed Layer 2 network – Base – is gearing up for a mainnet launch. Since its deployment on testnet earlier this year, Base has already met 4 out of 5 of the criteria for the upcoming event while giving security the top-most priority in its goal to attract the next million developers and a billion users on-chain. As such, the team tasked with protocol security has doubled down efforts to improve the security of Base and Optimism over the last six months. The...

American multinational investment giant – Citigroup Inc. – is reportedly reviewing its partnership with Metaco. The Swiss firm, which specializes in crypto custody for institutional investors, had partnered with Citi a year back to develop and pilot the latter’s digital asset custody capabilities. The latest development comes amidst tumultuous market conditions that have significantly strained the relationships of traditional financial firms that tapped into the digital...

Bankrupt crypto lender Celsius has been granted permission to begin liquidating its altcoins into Bitcoin (BTC) and Ether (ETH). This will occur before distributions to creditors take place, who expect to receive their assets denominated only in the top two cryptocurrencies by market cap.  According to Bankruptcy judge Martin Glenn, Celsius “may sell or convert any non-BTC and non-ETH cryptocurrency, crypto tokens, or other cryptocurrency assets other than such tokens that...

The US Securities and Exchange Commission has reportedly issued a warning that the recent Bitcoin Spot ETF filings by financial giants, such as Fidelity and BlackRock, could lack comprehensive details. The agency has a long history of rejecting such products in the States, and its current war on crypto is likely not helping. BlackRock made the headlines a few weeks ago when it filed to launch a Bitcoin Spot ETF in the States, which, if approved, would be the first such...

Litecoin’s upcoming halving is less than five weeks away, which is expected to happen on August 2, 2023, at block 2,520,000. Leading up to the much-anticipated fact, the network hash rate has already reached a historic high, thereby serving as a positive catalyst for the Litecoin miners As a result of this increased confidence, LTC was up by more than 15% over the past week, climbing near the crucial $100 mark. According to the data compiled by Bitinfohcharts, Litecoin’s hash...

The leading South Korean cryptocurrency exchange – Upbit – has recorded a trading volume of more than $350 million for the Bitcoin Cash (BCH)/Korean Won (KRW) pair for the past 24 hours. In comparison, trades involving Bitcoin (BTC) have been three times less. BCH has been among the best performers in the crypto market lately, with its USD valuation up over 180% for the past two weeks. BCH Grabs the Attention of Koreans  As revealed by Wu Blockchain, BCH/KRW trades on South...

Prominent crypto wallet service provider Ledger has announced the launch of a new trading and settlement network technology dubbed Tradelink. The new product offering is designed for asset managers, custodians, and exchanges/OTC with off-exchange trading capabilities and aims to eliminate unnecessary complexities while simultaneously boosting operational speed. As per the company’s website, Tradelink enables trade on multiple exchanges without on-chain liquidity re-balancing,...

A Canadian House committee published a report on Wednesday providing 16 recommendations for how the nation’s government should regulate the blockchain industry – and they’re remarkably bullish. Crypto exchange Coinbase praised the report, saying it was “encouraged by the forward-thinking approach of the parliamentary committee.” Opening Canada to Crypto In its first recommendation, The Parliamentary Standing Committee on Industry and Technology (INDU) asked that the Canadian...