Tag Archives: AA News

Gold may finally be prepped to break past its $2000/oz resistance and shatter its reputation among crypto bros of being a “Boomer Rock” in 2023, according to macro strategist Mike McGlone of Bloomberg Intelligence.  The analyst believes that as the macroeconomic environment gets worse, investors are once again retreating to gold as a safe haven – alongside US Treasuries and Bitcoin.  Gold’s Return to Form In a shared excerpt from McGlone’s Bloomberg Terminal report, the...

Crypto exchange Binance announced the opening a new blockchain hub in Georgia. The establishment of this new “Web3 outpost” is expected to help Binance strengthen blockchain education and accelerate the adoption of crypto in the region. Binance had forged several strategic partnerships, initiatives, as well as community events in the transcontinental country that is known for being crypto-friendly. Blockchain Hub in Georgia According to the official blog post, the blockchain...

On March 23, CNBC reported that a group of Binance angels shared techniques that allow users to bypass the platform’s KYC, residency, and verification systems. CNBC confirmed the information by reviewing hundreds of messages posted on a Discord server and a Telegram group controlled and operated by Binance, which apparently ran from 2021 to March 2023. Crypto is banned in China, but Binance employees and volunteers tell people how to bypass the ban https://t.co/ddssYTwimH —...

A study conducted by the cybersecurity company Kaspersky determined that approximately a third of the US crypto investors have had some portion of their stash stolen by hackers.  Bad actors usually con victims by luring them to enter a counterfeit website or urging them to join a dubious investment platform.  ‘People Need to Take Care to Protect Themselves’ Kaspersky surveyed 2,000 American adults to estimate that around 30% of those who have hopped on the crypto bandwagon...

A 60-year-old Indian woman lost nearly $30,000 in a crypto investment scam after she was approached on the matrimonial site where she had registered herself to look for a life partner. The con man told her that he was a US-based engineer and can make her earn quick profits through bitcoin investments.   Investment in Love Gone Wrong According to media reports, the Mumbai woman, who is a retired executive from a private company, registered on a matrimonial website in early...

The hacker behind the largest DeFi exploit of 2023 continues to demonstrate controversial behavior, as this time, they returned the majority of the funds stolen from Euler Finance. In two separate transactions, the perpetrator sent back over $100 million worth of ETH to the protocol. CryptoPotato reported the flash loan attack, which took place earlier in March, that saw $198 million worth of USDC, staked ether, wrapped BTC, and DAI siphoned off the DeFi lending protocol....

Animoca Brands has established itself as one of the most prominent investors in NFT, blockchain gaming, and metaverse-focused firms. But its appetite for metaverse appears to have taken a hit. In the latest development, the Hong Kong-based blockchain gaming giant has reportedly reduced the target for its metaverse fund by 20%. The report suggests that the company is scaling down its initiative in response to the volatility in the crypto sector. The fund Animoca Capital, which...

According to a recent Statista report, India’s crypto community could surge to more than 156 million members by the end of the year.  Most people expected to jump on the bandwagon are educated younger individuals with middle-income status who seek alternatives to the shaking banking system. Indians Could Flock to Crypto in the Near Future The survey estimated that over 11% of India’s population will have dived into the cryptocurrency sector by the end of 2023. The country’s...

After a 2-year investigation, Hindenburg concluded Block (previously known as Square) “systematically took advantage of the demographics it claims to be helping.” The report accused the firm of facilitating “fraud against consumers and the government” as well as “avoiding regulation.” It further called Block’s loans and fees to be “predatory” in nature and designed to “mislead investors with inflated metrics.” The US-based short seller said its research involved numerous...

Scammers adapt better than we can imagine and change depending on the market situation. This revelation was made in a recently hosted webinar by prominent blockchain analytics firm Chainalysis wherein it gauged crime trends in the industry market during the crypto winter. The data gathered by the firm revealed how scammers adapted to the developments and volatility of the crypto market. Not all scams behaved the same way in the context of the bear market. This time around, it...