Tag Archives: AA News

Greepeace’s latest marketing stunt in its campaign against the Bitcoin mining industry appears to have backfired, with BTC boosters welcoming its artistic fruit.  Meanwhile, Bitcoiners continue to blast the organization’s efforts to disparage the network as environmentally harmful, remaining committed to its proof of work consensus mechanism.  The Skull of Satoshi In a tweet on Friday, Greenpeace echoed previous claims that Bitcoin is causing “dangerous amounts of real-world...

Yesterday, lawyers from the FTX Group announced their intention to settle out of court with Modulo Capital, a measure that effectively wiped the VC firms’ books by about 99%. Mysten Takes it in Stride Today, in another bid to raise as many funds as possible, FTX outlined intentions to sell its stake in Mysten Labs back to Mysten. Unlike Modulo – a company whose capital seems to have been almost entirely FTX-sourced – Mysten Labs, the creators of the Sui blockchain, is a solid...

The United States Securities and Exchange Commission has often talked about the purported “dangers” of crypto-assets while highlighting the need to strongly regulate the industry. It wasn’t until the FTX blow-up that the regulator stepped up its aggression. In yet another instance stigmatizing the asset class, the securities watchdog has released a bulletin urging investors to exercise caution when dealing with cryptocurrencies. SEC’s “Investor Alert” The SEC’s Office of...

The leading stock exchange – Nasdaq Inc. – could make another push toward the cryptocurrency sector by launching custody services by the end of the second quarter of this year.  Fidelity and Bank of New York Mellon are other financial behemoths that offer such options. Ira Auerbach – Senior Vice President and Head of Nasdaq Digital Assets – said in a recent interview that the global exchange group will aim to obtain all necessary approvals and form the technical...

With the much-anticipated Shapella upgrade just around the corner, the Ethereum Foundation has increased the bug bounty. According to the latest developers’ call, the reward was updated as part of the last-minute testing efforts. Bug Bounty In the 105th All Core Developers Consensus (ACDC) call, Security Researcher at the Ethereum Foundation – Fredrik Svantes – revealed that the maximum bug bounty for identifying a vulnerability in the Shanghai/Capella upgrade has been...

Arbitrum’s much-anticipated token airdrop shook up the crypto space as on-chain activity of the popular layer-2 solution soared to levels not seen before. With the introduction of the ARB token, Arbitrum finally transformed into a DAO. Meanwhile, the hunters of this cash rain raked in an impressive amount of ARB tokens. In the first hour alone, over 42 million ARB tokens were claimed. New data found two “super airdrop hunters” that received 1.4 million ARB, worth around $1.92...

Shares in Deutsche Bank – Germany’s largest lender – began to crash on Friday as financial industry fears continue to spread following a string of global bank failures this month.  Meanwhile, the cost of default insurance on the bank’s potential collapse has risen to four-year highs. Is Deutsche Bank Next? Deutsche Bank (DBK) shares fell from 9.06 EUR to 8.25 EUR on Friday – an 11% decline on the day, and 26% descent from a month prior. The bank’s slide was coupled by...

US prosecutors have reportedly accused the notorious Co-Founder of Terraform Labs – Do Kwon – of orchestrating a cryptocurrency scam that drained at least $40 billion from investors. The authorities of Montenegro arrested the 31-year-old developer earlier this week after he was on the run for several months, hiding in numerous countries and falsifying his identity. The US Pressing Charges According to a Bloomberg coverage, US prosecutors named Kwon as the main culprit behind...

The London-based cryptocurrency platform – Luno – announced that its long-reigning CEO Marcus Swanepoel will step down from his post to become an Executive Chairman. James Lanigan, who previously served as the firm’s Chief Operating Officer, will replace him. The new boss will aim to raise funds from new investors (other than DCG) and prepare Luno for eventual public listing. Marcus Swanepoel – a South African former banker who founded Luno ten years ago – praised his...

Treasury Secretary Janet Yellen suggested that her department might be willing to further backstop bank deposits if needed, only one day after seemingly ruling out the possibility. Her comments were followed by brief fluctuations in bank stocks, which then continued their downward daily trend. Are Deposits Backstopped or Not? In her prepared testimony before the House Appropriations Subcommittee on Wednesday, Yellen reiterated comments from the day prior explaining that the...