Tag Archives: AA News

Glassnode published a report on Monday breaking down investors’ on-chain behavior after the U.S. Securities and Exchange Commission (SEC) sued two of the world’s largest cryptocurrency exchanges.  The report acknowledged a boost to the number of short-term crypto holders sending their balances onto exchanges.  Exchange Deposits and Withdrawals The report echoed findings from last week showing that Binance experienced significantly higher withdrawals immediately following the...

Artificial intelligence is venturing into the mainstream quicker than ever before, with AI-based chatbots such as OpenAI’s ChatGPT booming in popularity. It’s also had a considerable effect on the cryptocurrency industry, as a bunch of AI-related cryptocurrencies (and not so related) soared in value in the beginning of 2023, as the AI mania was just gathering steam. Now, a gamified approach to the popular Turing Test is revealing some fascinating results as to how far...

The BNB Chain core team is set to take over a substantial Binance Coin (BNB) loan position belonging to the decentralized lending platform Venus Protocol as it approaches its liquidation threshold. The $150 million BNB loan belonged to a hacker who exploited a cross-chain infrastructure on the BNB Chain in October 2022, resulting in the loss of more than $100 million in crypto assets. BNB Chain to Take Over Venus’ $150M Loan Position According to the BNB Chain team, $30...

EOS once charted in the top ten cryptocurrencies by market cap. Now it stands in the top 50. The setbacks in its journey have been one of the most talked about in the industry. But EOS Network Foundation’s La Rose believes the formative years of EOS have taught them a lot and that the blockchain project is just getting started, all thanks to the community. EOS Network Bumpy Ride EOS – which launched with great fanfare, an active community, and strong tech – faced several...

Amidst heat waves, a multi-year drought, and devastating floods, environmentalists have shifted their focus to celebrities using emissions-spewing private jets. The latest high-profile individual from the crypto industry who has made it to the list is Cardano founder Charles Hoskinson. The exec’s private jet is reportedly among the top 15 biggest polluters in the US, according to Climate Jets, a website that tracks the estimated emissions from private jets owned by the...

The Securities and Exchange Commission alleged that some of the largest altcoins, such as ADA, MATIC, and SOL, are unregistered securities. Most assets slumped in value shortly after the allegations went out. Now, though, the organizations between the blockchains and the tokens have published official statements to refute the SEC’s claims. Polygon Responds MATIC traded at $0.9 last week, just a few days before the SEC went after Binance and Coinbase, alleging in the lawsuits...

Arbitrum has managed to rake in a significant market share as demand for Ethereum rollups soars. According to data shared by CoinShares, Arbitrum remains the top destination for capital flows away from Ethereum, among other protocols as well as layer 2s. As of May-end, the network attracted capital worth $4 billion. Closely following Arbitrum is Polygon raking in capital worth $3 billion, followed by Optimism with $983 million, and dYdX with $342 million, the stats revealed....

Due to unclear regulations in the United States, more than half of the bitcoin (BTC) that crypto firms hold for their customers has moved to offshore and international exchanges. According to a CryptoQuant research report shared with CryptoPotato, BTC reserves on U.S.-based crypto exchanges are down to 2017 levels, as they are being lost to non-U.S. platforms. Offshore Exchanges Dethrone US Crypto Platforms The significant decline in BTC reserves on American exchanges stems...

A joint investigation by the FBI’s Money Laundering Squad and Internal Revenue Service-Criminal Investigations led to a 75-month prison sentence for 64-year-old Arizona entrepreneur Reginald Fowler.  A former co-owner of the professional American football team Minnesota Vikings, Fowler has also been asked by the court to pay a forfeiture of $74.02 million and restitution of $5.31 million to the Association of American Football (AAF), a short-lived American football minor...

The market took a beating over the past 24 hours, and certain altcoins performed a lot worse than others. A lot of the worst-performing cryptocurrencies were also named in the lawsuit that the US Securities and Exchange Commission filed against Coinbase. The agency alleges that they are securities. These include Cardano’s ADA, Solana’s SOL, NEAR, Polygon’s MATIC, and so forth. Bitcoin is down 3.4%, while Ethereum – 5.7%. Even though both of them decreased, it’s nowhere near...