Tag Archives: AA News

Pierre Wunsch – Governor of the National Bank of Belgium – thinks the European Central Bank (ECB) should keep raising the interest rates to combat the bothersome inflation. The institution lifted the rates to 3.5% in March (the highest since the financial crash in 2008). The Federal Reserve also has a similar strategy in the States, with interest rates currently standing at a range of 4.75% to 5%.  While raising the benchmark aims at limiting the money supply and thus...

The ongoing legal dispute between the United States Securities and Exchange Commission (SEC) and Ripple has taken another turn as the San Francisco-based blockchain company has countered the SEC’s argument regarding its fair notice defense strategy. According to a document filed on April 13, Ripple insisted that the case cited by the SEC did not provide any grounds to dismiss the fair notice defense. The blockchain company also substantiated its claims that the securities...

Arthur Hayes – co-founder of BitMEX – believes the altcoin season (a time frame during which the alternative coins outperform Bitcoin and reduce its dominance in the crypto market) is already here. Assets like Ether (ETH), Arbitrum (ARB), and Dogecoin (DOGE) have marked substantial gains in the past 24 hours, whereas BTC has been relatively stable at a range of $30-31K. Enter the Alt Season In one of his most recent tweets, Hayes presented a price chart of Ether (ETH),...

Tornado Cash has, once again, found itself as the nexus of pilfered funds from a DeFi protocol. An Ethereum wallet address associated with the exploiter of the DAO Maker breach from 2021 sent $600,000 worth of DAI stablecoin through the controversial coin mixer. According to the blockchain security firm, PeckShield, the wallet had been dormant for more than 200 days. The movement was detected nearly seven months after another wallet linked with the exploiter transferred...

Open-source blockchain platform EOS announced the beta launch of its Ethereum Virtual Machine (EVM) mainnet, designed to enhance interoperability between the network and the Ethereum Blockchain. The EOS Network Foundation (ENF) also inked a strategic partnership with market maker and investment firm DWF Labs through an investment deal of $60 million to further the platform’s growth and development. EOS Unveils EVM Mainnet According to a press release sent to CryptoPotato, the...

Tron founder Justin Sun has been issued a summons by the U.S. District Court for the Southern District of New York in connection to a recent lawsuit from the Securities and Exchange Commission (SEC).  The billionaire will be subject to “default judgment” if he fails to respond to the summons within 21 days, implying that he will face penalties.  In a Wednesday filing, the court ordered Sun to contact SEC attorney Adam B. Gottlieb with a response to the agency’s complaint. ...

Ethereum-based decentralized exchange (DEX) SushiSwap released an update about its plans to return stolen funds to users affected by the $3.3 million exploit over the weekend. According to an announcement from the exchange’s official Twitter handle, users whose assets were taken by white hat security teams would be refunded quicker than those who lost theirs to the black hat hackers. The $3.3 Million SushiSwap Hack Recall that the popular decentralized exchange was exploited...

On April 12, Andrew Bailey, governor of the Bank of England, stated during a press conference at the Institute of International Finance in Washington that stablecoins should be regulated in the same way as fiat money. According to Bailey, stablecoins lack an “assured value,” one of the main characteristics that people look for when investing in this type of “digital money” that seeks to resemble fiat. He argues that because of this, the country needs to focus on providing a...

The Singaporean cryptocurrency miner – Bitdeer – expects to go public on April 14 after finalizing the SPAC merger with Blue Safari Group Acquisition Corp. The former displayed its intentions to enter Nasdaq in November 2021. However, shareholders of Blue Safari delayed the initiative three times in the past several months due to the harsh environment caused by the bear market. The ‘Significant Milestone’ As announced by the US Securities and Exchange Commission (SEC),...

The Bitcoin price (BTC) began to bubble up from the $27,900 handle on Sunday, Apr 9. By Monday, it had entered into full rally territory, shooting up to $30,450 by Tuesday. But most of Jim Cramer’s audience probably missed the opportunity to make a cool 23% gain as he CNBC “Mad Money” host told viewers to avoid Bitcoin on Mar 14. Cramer Does It Again Moreover, Cramer told CNBC watchers that they should sell any BTC they have: “Bitcoin went up today. And I would argue now it...