Tag Archives: AA News

Cryptocurrency exchanges will supposedly not promote their products and services during Super Bowl LVII this Sunday (February 12). The bear market in 2022 shook the industry to its core, wiping out close to $2 trillion and causing multiple bankruptcies. One of the most active advertisers at last year’s Super Bowl was FTX, whose demise in November still echoes across the industry.  From ‘Crypto Bowl’ to No Ads at All The most anticipated event in the National Football League...

The US-based cryptocurrency miner TeraWulf produced 157 BTC in January, a 25.6% increase compared to December.  Snow blizzards towards the end of 2022 crippled its operations and increased electricity bills. The weather normalized in January, hence the better production results. Expansion Plans for 2023 TeraWulf boosted its mining activities with an increased number of machinery last month. It received 6,100 miners from Bitmain, bringing the total to 18,000. Additional 15,900...

Binance, the biggest exchange in crypto, seeks to revive trust in the industry after an onslaught of hacks and scams that ravaged its reputation last year.  The company is helping bring together a consortium of fellow businesses intent on proving how well the space can cooperate with regulators. Bringing Back Trust As reported by CoinDesk, the consortium already includes multiple companies, spanning from individual projects, to exchanges, to blockchain analytics firms. Its...

As the Securities and Exchange Commission (SEC) continues vying for regulatory presence over the crypto market, a high-profile industry lawsuit looks poised to answer more questions about how far its authority should reach.  Lawyers defending Ishan Wahi – a former Coinbase manager accused of insider trading – are challenging the SEC’s claim that a list of 9 cryptos Wahi interacted with are, in fact, securities.  Which Cryptos Are Securities? Per an argument filed on Monday,...

The single edition non-fungible token (NFT) of professional basketball star Giannis Antetokounmpo was sold for 113.9 ETH ($187,000) on Sorare NBA over the weekend. Sorare NBA is a licensed NFT-driven fantasy basketball game, and the sale set a new milestone, being the platform’s highest single transaction since its launch in October 2022. The 1/1 Antetokounmpo NFT was auctioned through Sorare NBA’s Ethereum-based platform. The sale price of the NFT was thrice the price of the...

Dubai’s Virtual Assets Regulatory Authority (VARA) prohibited all activities involving privacy coins such as Monero (XMR) and Zcash (ZEC). The regulator has also enforced certain rules on the domestic cryptocurrency sector to turn the city into an “international hub for virtual assets.” Dubai’s new Policy According to the recently released document, operations with anonymity-enhancing digital assets like XMR and ZEC are now forbidden in the financial heart of the United Arab...

The Singapore-based cryptocurrency platform Juno announced that all services are “now up and running again.” It increased daily withdrawal limits at the beginning of the year and urged customers to transfer their holdings into self-custody wallets, citing issues with its previous custodian partner – Wyre.  Back on Track Juno temporarily halted cryptocurrency purchases on its platform in early January and auto-converted the stablecoins – USDC, USDT, mUSDC – to USD. It also...

BitMEX co-founder and macro-market analyst Arthur Hayes is deploying his dry powder into Bitcoin sooner than previously planned, according to his latest blog post.  Hayes argued that despite his fears of a future crypto market retracement, there is still an opportunity to profit now from the ongoing risk asset rally that began last month.  The Rally Isn’t Over Hayes began his post, titled “Be Present”, by alluding to his previous post covering Bitcoin’s celebrated rally in...

The US-based cryptocurrency miner Riot Blockchain produced 740 BTC last month, a 62% increase compared to January 2022 and a new monthly all-time high for the company. The positive start of the year contrasts the disappointing production levels and shrinking revenue towards the end of 2022. Hitting an ATH Despite experiencing issues with its mining fleet, Riot produced a record amount of bitcoin in January – 740 BTC. CEO Jason Les revealed that the recent winter storms in...

A group of South Korean officials reportedly arrived in Serbia last week to look for the infamous Do Kwon. The 31-year-old has been on the run since the collapse of his blockchain protocol Terra. The latter’s native token – LUNA – and algorithmic stablecoin – UST – plunged to essentially zero last year, affecting numerous investors and the entire cryptocurrency market. As covered by Bloomberg, a team of South Korean authorities, along with a senior Justice Ministry official,...