Tag Archives: AA News

Binance CEO, Changpeng “CZ” Zhao is rich; well, mega-rich. But he’s just not as rich as Bloomberg thinks, at least, he said so. But even though he is one of the richest men in the world, he is far from reaching the wealth of other tech industry billionaires, contrary to Bloomberg’s inaccurate assertions. On April 27, the CEO of Binance, the world’s largest cryptocurrency exchange, stated that his fortune is nowhere near the $28.2 billion claimed by Bloomberg in its report on...

Crypto-supportive Republican policymakers Patrick McHenry and Cynthia Lummis provided the latest updates on digital asset legislation at Consensus 2023 – and they’re highly optimistic.  The former believes President Biden will have signed the first bill into law directly forming rules around cryptocurrency within the next 12 months.  Progress on the Lummis Bill During their panel discussion on Friday, Lummis began by clarifying that the next installment of her digital asset...

Stacks CEO Muneeb Ali spoke at Consensus 2023 on Friday about Bitcoin’s potential as a settlement layer, and the revival of developer culture within the community. Ali noted how a small, specific change to Bitcoin’s base layer could unlock a vast array of applications that can be built via layer 2 technology.  According to the developer, Bitcoin requires “very little modification” at its base layer to enable true “ZK rollups” – a layer two scaling solution for batching...

The world’s largest cryptocurrency exchange – Binance – aims to begin operating on the Japanese market after June this year.  This will mark the company’s return to the Land of the Rising Sun after leaving in 2018 due to regulatory issues.  Sakura Exchange BitCoin (SEBC) announced that Binance Japan will start providing services and products to local customers after June 2023.  The crypto giant acquired SEBC in November last year for an undisclosed sum to strengthen its...

Former NSA contractor Edward Snowden spoke at Consensus 2023 regarding the latest developments in artificial intelligence, and how it could be leveraged for both human flourishing and greater surveillance.  Snowden called out OpenAI’s “cruel joke” in branding itself with the name that it chose, given that it won’t provide open access to its training data. He said that Stable Diffusion is guilty of similar activity, deliberately crippling its training set from version 1.5 to...

The armed wing of the alleged terrorist organization Hamas – Al-Qassam Brigades – will reportedly stop receiving donations in bitcoin out of concern for the safety of the contributors.  The Israeli authorities have previously estimated that the entity funded some of its military campaigns through cryptocurrencies. The Defence Ministry seized over 100 digital wallets associated with the group over the past few years. Going Back to Traditional Methods A local media...

Brian Armstrong, the chief executive officer of American crypto exchange Coinbase, and the company’s chief legal officer, Paul Grewal, have responded to a Wells Notice issued by the U.S. Securities and Exchange Commission (SEC) weeks ago in preparation for enforcement action. In a recent YouTube video, the Coinbase executives insisted that the SEC’s notice was unnecessary. The U.S. government has yet to develop clear rules for the crypto industry, and the exchange’s...

With Bitcoin currently trading at $29,150, the asset will need to appreciate by over 3000% for Balaji Srinivasan – former CTO of Coinbase – to win his $1 million Bitcoin bet by June 17.  The investor and entrepreneur spoke at Consensus 2023 about his motivations and rationale behind the bet, and the likelihood that he may actually be right. Is $1 Million Bitcoin Still in Play? Before the Consensus Mainstage via video on Friday, Balaji reminded the audience that the great...

Analysts at Bernstein Private Wealth Manager think the shaking banking system in the United States could benefit bitcoin adoption and potentially increase the price of the asset. The experts went further, advising people to invest in BTC, which could soon enter a new bull run due to the shaking condition of traditional finance. Weak Banks Could Pump BTC up Analysts Gautam Chhugani and Manas Agrawal believe the banking crisis in America could worsen in the future and suggested...

The shares of First Republic Bank have declined to a record low after the lender announced that depositors withdrew over $100 billion in the first quarter. It has been under massive pressure since a series of bank failures in the United States sparked fears of a wider crisis. The private-sector initiatives are being led by the First Republic Bank’s advisers but are yet to reach an agreement. US officials have now stepped in to coordinate urgent talks to rescue the commercial...