Tag Archives: AA News

Ethereum co-founder Vitalik Buterin has warned against ‘”overloading” Ethereum’s social consensus – which, if discouraged or resisted – could bring “high systemic risks to the ecosystem.” While admitting the “natural urge” to try to extend the Ethereum blockchain’s core functionality, Buterin added that such actions could end up making the consensus layer more fragile. Risks of Overloading Consensus Layer Over the years, several proposals have emerged suggesting the use of...

Although typically regarded as a volatile asset with major price fluctuations, bitcoin has been stuck in a tight range for the past several days. However, all that could change in the following days, at least according to similar historical developments. Aside from a price dive on May 12 to a two-month low, BTC’s recent performance has been rather uneventful. The asset went to a high of $27,600 last week and then dipped by a grand, which was the most substantial price move of...

A Russian man has been charged by US authorities for his alleged connection to multiple ransomware schemes that netted him and other attackers nearly $200 million – much of which came through crypto.  Some of the victims of those ransomware attacks included hospitals, schools, and police departments.  $200 Million in Ransomware Payments The culprit – Mikhail Pavlovich Matveev – was part of three ransomware gangs: Lockbit, Babuk and Hive. Collectively, they have obtained...

In a recent interview, the former partner of Sam Bankman-Fried doubled down on his belief that the FTX founder is the crypto spin-off of Bernie Madoff. Nevertheless, Scaramucci added that he is sticking with crypto and bitcoin and provided his company’s intrinsic BTC value at the moment. The former White House Director of Communications for the Trump administration entered the cryptocurrency space shortly after the COVID-19 pandemic broke out and has become a permanent member...

Artificial Intelligence has been the biggest thread alongside memecoins in 2023. ChatGPT took the world by storm, and with it, this emerging technology was brought to the forefront of mainstream attention. Everyone seems to have an opinion on AI, and the cryptocurrency industry is no exception. Many projects that incorporate some form of it in their roadmap have seen explosive growth. And, of course, as it’s almost always the case with crypto – even if they don’t use AI but...

The Democrat candidate for U.S. President took to the “Nakamoto Stage” at the Bitcoin 2023 conference to make some powerful pledges. Robert F. Kennedy shared his own experiences with Bitcoin stating that he would protect the rights of Americans to hold and use the asset if he is elected president. “As president, I will make sure that your right to hold and use Bitcoin is inviolable,” Kennedy went on to add, “I am an ardent defender and lifelong defender of civil liberties,...

With the US debt ceiling talks leading to no results, economists are wondering whether this situation could turn out to be a massive global financial crash, despite politicians still claiming that there will be a soft landing. Robert Kiyosaki, however, doesn’t believe this assertion and urged investors to turn to gold, silver, and bitcoin to protect themselves. Republicans and Democrats are still unable to decide whether the US should raise the debt ceiling, and questions...

Brooklyn-based crypto firm Coin Cafe has been ordered by the office of the Attorney General to refund over $4 million to cryptocurrency investors. The restitution comes after investigations revealed that the company charged users exorbitant fees without their consent. “Free” but not Free In a press release on May 18, the New York Attorney General’s office claimed that Coin Cafe charged investors high fees to store bitcoin with the company’s wallet, despite advertising the...

The Ho Chi Minh City People’s Court ruled that the Vietnamese residents – Ho Ngoc Tai and Tran Ngoc Hoang – will spend their lives in prison for kidnapping an individual and stealing $1.5 million worth of bitcoin from him. 14 other people who also took part in the crime received sentences between 9 and 19 years.  No Mercy  The 34-year-old Tai and the 40-year-old Hoang were slammed with life imprisonment for orchestrating a sophisticated kidnapping and later draining $1.5...

Christian Staub – Managing Director for Fidelity International’s business in Europe – said the investment giant intends to remain part of the cryptocurrency ecosystem.  However, he added that it will not urge people to buy bitcoin due to its “volatile and nascent” nature. The lack of pertinent regulation in the space is another present obstacle for the firm. Crypto to Become ‘More Sophisticated’ The multinational investment firm that has introduced several cryptocurrency...