Tag Archives: AA News

On December 28, NFT artist Lucréce reported via Twitter that he is in talks with Arthur Breitman, co-founder of Tezos, to get an explanation from Manchester United soccer about why its new NFT collection uses designs and styles similar to his own. Lucréce’s collection is much older than United’s and has higher prices, reaching approximately 21 ETH ($24,919) per NFT. In contrast, each of the Red Devils’ 7,777 NFTs sold for about $40, running out of stock immediately after...

Leading cryptocurrency exchange Binance has announced that it is changing the burning mechanism for Terra Classic (LUNC) trading fees. According to the exchange, the changes are in response to two controversial proposals – Proposal 10983 and 11111 – where LUNC burn is being re-minted as a development fund. Binance Makes Changes to LUNC Burn Mechanism As part of the changes, Binance said it would reduce its LUNC spot and margin trading fees from 100% to 50% starting December...

FXT founder and former CEO Sam Bankman-Fried (SBF) borrowed over $546 million from his trading house, Alameda Research, to purchase a 7.6% stake in Robinhood earlier this year. According to an affidavit filed in the High Court of Justice Antigua and Barbuda on December 12 before the arrest of SBF, the former billionaire teamed up with FTX co-founder Zixiao (Gary) Wang to borrow the funds. They were used to support Emergent Fidelity Technologies, another FTX affiliate, to...

Wading through the wreckage of FTX and Alameda, it is clear that some communities were hit a lot harder than others. Several DeFi protocols sporting close ties with the two entities have suffered. Solana, for one, has been hit the hardest since the collapse. The once top 10 market cap asset, SOL has slid to the 17th position, and the struggle may continue in 2023 as well. Solana FUD Solana (SOL) had an impressive run-up last year and was one of the best-performing tokens of...

Cryptocurrency investor Avraham Eisenberg has been arrested in Puerto Rico on charges of commodities fraud and manipulation for allegedly stealing more than $100 million from decentralized finance (DeFi) protocol Mango Markets. This marks the first time a U.S. resident has faced charges for manipulating a DeFi platform. Eisenberg Drains $110M from Mango Markets Recall that Eisenberg admitted that his team used a “highly profitable trading strategy” to drain Mango Markets of...

This December 27, Kaspersky Lab announced that the North Korean hacking group ‘BlueNoroff’ stole millions of dollars in cryptocurrencies after creating more than 70 fake domains and impersonating banks and venture capital firms. According to the investigation, most of the domains mimicked Japanese venture capital firms, denoting a strong interest in user and company data within that country. “After researching the infrastructure that was used, we discovered more than 70...

Dmitry Medvedev – a Russian politician who served as President of the country between 2008 and 2012 – thinks 2023 could see the crash of the International Monetary Fund (IMF) and the World Bank. He suggested that such an event could reduce the power of the euro and the dollar and boost the usage of cryptocurrencies. Tron’s Founder – Justin Sun – agreed with Medvedev’s “insightful comment.” He also maintained that crypto adoption is gradually rising in China and that “the best...

While most crypto-assets struggled to keep their price upwards due to the crypto winter, Litecoin appeared to have been decoupling from its peers, which aided its trajectory. In fact, it has been posting gains over the past month. Despite a promising attempt at a comeback, the developer activity on the network was lagging. Data from Santiment shows that the development activity first gained traction in early September before skyrocketing in October. The figures went downhill...

Bitcoin mining giant Argo Blockchain has requested trading of its shares and unsecured notes on the NASDAQ stock exchange be suspended until December 28th. The company, which trades on both the NASDAQ and the London Stock Exchange (LSE), said that it wants to make an announcement before resuming its trade on Wednesday. The latest development comes just two weeks after Argo warned that it is at risk of holding “insufficient cash” to keep up with its operations in the next...

The United States Department of Justice has reportedly launched a criminal probe into the hack that saw almost $400 million drained from FTX. According to a report by Bloomberg, which cites people familiar with the matter, the United States Department of Justice is launching a criminal probe into the $400M FTX hack. The report outlines that it’s unclear whether the exploit was carried out by an inside man or the work of a hacker. You Might Also Like:...