Tag Archives: AA News

Bitcoin has been moving higher as the equity markets fetched more gains. The world’s largest cryptocurrency by market capitalization climbed over $23,000 on Tuesday. Since the beginning of the year, both Bitcoin and Ethereum added 40% surges to their trajectory, retracting the entire post-FTX dump. Needless to say, the ongoing rally has sparked concerns over its sustainability on the backdrop of last year’s bloodbath, as well as subsequent numerous fake-out rallies. However,...

Gemini – the Winklevoss-owned cryptocurrency exchange – has commenced its third round of job cuts in under a year, dismissing another 10% of its workforce.  Cameron Winklevoss claims the layoff was motivated by a combination of macroeconomic pressure and “unprecedented fraud” within the crypto industry. Gemini’s Shrinking Team As reported by The Information on Monday, the outlet received an internal message from Winklevoss stating that he’d been left with “no choice” but to...

One of the poorest countries – the Central African Republic (CAR) – formed a team of 15 agencies, whose responsibility will be to draft a “comprehensive” cryptocurrency bill. The nation made the headlines last year, becoming the second after El Salvador to embrace bitcoin as a legal tender. Another Crypto Step Faustin-Archange Touadéra – President of the Central African Republic (CAR) – revealed that the government established a committee of 15 experts to design a pertinent...

On January 23, South Africa’s Advertising Regulatory Board (ARB) introduced new cryptocurrency-focused rules into the nation’s advertising code to protect consumers from misleading advertising. The new guidelines aim to ensure that cryptocurrency advertisements accurately state the risks involved with all cryptocurrency investments, making it clear to consumers that they stand to lose their capital due to market volatility. “Advertisements must expressly and clearly state...

MistTrack – a crypto tracking and compliance platform – has published updates on its investigation of the Harmony bridge hack that compromised $100 million last June.  They found that the infamous North Korean hacking organization, The Lazarus Group, are likely behind the theft.  The Movement of Funds In a Twitter thread on Monday, MistTrack said Lazarus passed the stolen funds through multiple exchanges and blockchains while attempting to cover their on-chain tracks. ...

The price of Ethereum, BNB Coin, Solana, and other DeFi altcoins kept running this week. New data in a report out from DappRadar reveals there were more NFTs sold in 2022 than the year before. DappRadar: NFTs Sales in 2022 Soared In more good news for cryptocurrency’s DeFi platforms, NFTs sold last year topped sales numbers from the year before. A new report from on-chain analytics firm, DappRadar, reveals the extent that NFTs are reshaping digital ownership in the 2020s. 101...

Privacy tools have always been heralded as a key to financial freedom in the crypto industry. In the Ethereum ecosystem, discussions surrounding the subject matter have revolved mostly around privacy-preserving transfers of ETH and mainstream ERC20 tokens. In a bid to improve the state of privacy on the network, its co-founder Vitalik Buterin has proposed a stealth address system. “Last Remaining Challenge for Ethereum” The concept of Stealth addresses using elliptic curve...

As global influencers rubbed elbows at Davos, the IMF issued recommendations for crypto to global regulators. Depending on who you ask, crypto regulation could hurt the industry or open up vast new markets for normie investors. In a note published over the week, the International Monetary Fund wrote: “During times of stress, we’ve seen market failures of stablecoins, crypto-focused hedge funds, and crypto exchanges, which in turn raised serious concerns about market integrity...

Circle – the issuer of the second largest stablecoin by market cap, USDC – is preparing to launch a permissionless protocol for letting users transfer their stablecoins between blockchains.  The company said the protocol can be embedded into dapps, and provide the most “capital efficient” path for cross-chain USDC transfers. Bridging USDC In a tweet on Monday, Circle CEO Jeremy Allaire said the Cross-Chain Transfer Protocol (CCTP) will “help foster more scalable, efficient,...

One of the biggest critics of the cryptocurrency industry – Peter Schiff – expected bitcoin’s spike at the start of the year to cease shortly after it began and advised investors to sell their holdings when the asset was trading at around $18,000. The uptrend, though, continued, and BTC currently stands at $22,800 – a 27% increase since the American financial commentator shared his views. Another famous person whose grim prediction has failed as of the moment is Jim Cramer....