Tag Archives: AA News

In one of the latest collaborations between public and private entities, the world’s largest cryptocurrency exchange, Binance, announced that it helped Indian authorities bust a purported legitimate online gaming app that defrauded users of more than Rs 400 crore ($47.6 million). According to a blog post, the Binance Financial Intelligence Unit (FIU) provided critical aid that enabled India’s Enforcement Directorate (ED) to trace the funds siphoned by the operators of the...

An analysis by market intelligence platform IntoTheBlock has discovered the number of daily active addresses for major cryptocurrencies. This metric offers insights into the intensity of user activity on these networks. According to data gathered by IntoTheBlock, these crypto assets include large-cap altcoins like Solana (SOL), meme coins like Dogecoin (DOGE), and the largest of the bunch Bitcoin (BTC). Solana Tops the List Atop the list is Solana, with a daily active address...

US investors showed increased demand for the spot Bitcoin ETFs during the entire trading week, with more than $1 billion entering the 11 such US-based funds. Interestingly, the interest for their spot Ethereum counterparts has also picked up, as they registered their second-best week since going live in July. Over $1B in Bitcoin ETFs in a Week CryptoPotato reported last weekend the growing net inflows into the spot Bitcoin ETFs, especially after the US Federal Reserve cut the...

U.S. authorities have charged Russian citizens Sergey Sergeevich Ivanov and Timur Shakhmametov for allegedly operating a cryptocurrency money laundering service tied to Russian cybercrime. The U.S. Department of State has issued a $10 million bounty for information leading to the arrest or conviction of each. International Crackdown on Russian Cybercrime The United States Treasury, in coordination with international partners, announced it had taken action to disrupt the...

A digital asset lobby group backed by Coinbase, Stand With Crypto, has been forced to change its crypto-friendly ranking of Democratic presidential candidate Kamala Harris. The group, which runs a website that ranks the level of support U.S. politicians have shown for crypto, had characterized Harris as “Supports Crypto,” giving her a “B” grade. Group Deemed Harris’ New York Remarks Supportive of Crypto The ranking followed remarks the Vice President made on September 22 at a...

A Coinshares report has revealed that the role of Ethereum (ETH) in crypto is being shaped by two main pillars: marketplaces and stablecoins. However, while the network is making waves in these areas, the path forward for new applications remains unclear. Decentralized Exchanges Dominate The report, released on September 24, indicated that marketplace and stablecoins made up slightly more than half of Ethereum’s current use cases. Decentralized Finance (DeFi) protocols and...

A Singapore court has reportedly granted a four-month moratorium to Indian cryptocurrency exchange WazirX, following the company’s request for a temporary reprieve. The moratorium, however, comes with some conditions, including full transparency of the exchange’s wallet addresses and financial records. Court’s Conditions This development comes after WazirX was hit by a massive hack in July, which resulted in the loss of $234 million, affecting 45% of its customers’...

Federal prosecutors have indicted New York City Mayor Eric Adams following corruption investigations that have triggered the retirements and resignations of several members of his administration. Adams, a former police captain, made the headlines in 2021 when he pledged to take his first three paychecks in Bitcoin (BTC) when he became mayor. Charges Remain Unclear According to reports from the New York Times, it is still unclear what Adams is being charged with since the...

LINK, the native cryptocurrency of the Ethereum-based decentralized blockchain oracle network Chainlink, has witnessed a price breakout fueled by strong on-chain activity and increasing investor confidence. An analysis by blockchain intelligence platform Santiment revealed that technical indicators for LINK suggest there is a potential for continued price gains and that the asset’s long-term outlook remains positive. Positive Sentiment Around Chainlink According to Santiment,...

Bitcoin’s price is on the run again, as the asset has jumped past $65,000 for the first time in a month. This has more than 90% of its holders in profit, which could actually mean danger for the largest cryptocurrency. Bitcoin is steadily climbing, and with it, the number of holders in profit. If $BTC breaks $65k, well over 90% of holders will be in profit; a level we last saw in July, when Bitcoin ultimately failed to reach a new high. The question now is: will this time be...