Tag Archives: AA News

Leading cryptocurrency exchange, Binance, has just concluded its first metaverse reality show dubbed “Build The Block.” The show ends with the blockchain project zkPass emerging as the winner, opening the way to several awards from the exchange. zkPass is a decentralized privacy-protecting identity protocol that harnesses Multi-party Computation (MPC) and Zero-knowledge Proof (ZKP) technology to enable users to prove their verifiable data in the Web2 and Web3 networks. zkPass...

Tesla boss Elon Musk is guilty of insider trading against his followers using Dogecoin (DOGE), alleged memecoin investors in a court filing against the tech entrepreneur on Wednesday.  The accusations are a follow-up to a $258 billion class action lawsuit filed by the same group in June 2022, accusing Musk and his companies of causing hundreds of billions in losses for Dogecoin holders.    Elon Musk Dogecoin Agenda Per the amended filing in a Manhattan federal court on May...

Popular crypto exchange Coinbase will launch Bitcoin and Ethereum futures contracts for institutional investors on June 5, the company said on its website.  The company will launch these products through CFTC-regulated Coinbase Derivative Exchange, promising lower fees than other US-regulated derivatives exchanges.  BTI and ETI for Institutional Investors   Coinbase has partnered with leading FCMs (Futures Commission Merchants), brokers, and front-end providers to enable...

The Twitter account belonging to OpenAI CTO Mira Murati was hacked on Thursday, and used to promote a scam crypto token supposedly backed by the company.  The tweet stayed online for roughly an hour, garnering 80,000 views from platform users before being taken down.  Another Scam AI Token The hacker promoted a fraudulent airdrop for ‘OPENAI’ token, described as a “groundbreaking token driven by artificial intelligence-based language models.” Mira Murati’s (CTO at @OpenAI)...

In a report recently published by the Consumer Financial Protection Bureau (CFPB) of America, regulators warn that crypto and fiat held on mobile apps may not actually benefit from the FDIC’s policy of insuring up to $250k per depositor. Non-Bank Services Not Covered According to the report, an unfortunate consequence of the rise of payment services and apps such as PayPal or Venmo is that consumers are often given the impression that in the event of the platform going...

Will the Federal Reserve stop raising interest rates next month? For Bitcoin investors, the answer may not actually matter.  According to BitMEX co-founder Arthur Hayes, Bitcoin’s price and inflation will rise in tandem precisely because of hawkish central bank policy – contrary to what modern monetary theory would suggest.  How Rising Rates Will Increase Inflation In a Thursday blog post titled “Patience is Beautiful,” Hayes outlined why the economy’s ever-expanding...

Michael Novogratz, the founder and CEO of Galaxy Digital, believes the crypto space is lackadaisical right now due to low participation from institutional investors. During an interview with CNBC, the American investor said the market lacks enthusiasm as most of the recent activities in the space are coming from retail buyers while large-scale players are withdrawing. “Quite frankly, crypto is lackadaisical, I’d say. There’s a constant bid from retail. We’re seeing it through...

The Winklevoss-led crypto exchange Gemini announced it has started the process of acquiring a crypto license to serve customers based in the United Arab Emirates (UAE). As part of its global expansion plans, Gemini revealed engaging with stakeholders throughout the region to learn more about local regulatory requirements and the needs of UAE crypto investors. In other exchange-related news, Crypto.com said it had acquired a Major Payment Institution license for Digital...

Sustainability-focused Bitcoin mining firm CleanSpark is expanding its ASIC fleet by 12,500 units after investing $40.5 million into new hardware.  The added equipment is projected to bring CleanSpark’s total hash rate to over 16 exahashes per second (EH/s).  CleanSpark’s Mining Discount According to a press release from CleanSpark on Thursday, the firm’s newly purchased fleet of Antminer S19 XP machines worked out to a cost of $23 per terahash ($/TH).  Data from Hashrate...

OPNX – the crypto bankruptcy claims exchange launched by Su Zhu and Kyle Davies – released a whitepaper for its new ‘OX’ governance token on Wednesday. Details around the coin’s tokenomics caused the price of FLEX – the platform’s existing native token – to spike on the day. OPNX, FLEX, and OX Following the reveal, FLEX trades for $1.14 at writing time, up 19% from $0.96 24 hours ago, and from $0.75 a week ago, according to CoinMarketCap. By contrast, CoinGecko reflects a...