Tag Archives: AA News

Telegram has added a new feature enabling users to send each other the world’s largest stablecoin, tether (USDT). USDT runs on several blockchains, but for now, Telegram has added support for the stablecoin only on Tron. According to an update on March 22nd, USDT-TRON – TRC20 – has been added to the popular messaging app’s wallet function, thereby expanding its payment capabilities for buying and selling crypto. USDT is the third crypto-asset joining Bitcoin and The Open...

Republican congressman Tom Emmer has introduced more crypto-related legislation – this time to help blockchain developers from unreasonable financial reporting requirements.  The new bill may help to correct controversial language within the Biden Administration’s infrastructure bill in late 2021, which could theoretically label a swath of the blockchain network participants as digital asset “brokers.” Clearing the Air on Crypto Reporting Shared over Twitter on Thursday,...

Ethereum layer 2 scaling solution Arbitrum has initiated its long-awaited token airdrop, bringing protocol governance rights to the entire community.  The governance token, ARB, trades for $1.38 at writing time – falling significantly from when the airdrop began.  ARB spiked to $8.67 apiece following its airdrop at 9:05 am ET, before quickly plummeting to nearly $1.00 within an hour, according to data from CoinGecko. Heavy traffic at the time of the airdrop caused the claim...

The much-anticipated Arbitrum ARB governance token airdrop marks the beginning of its transition into a self-executing DAO governance, and the activity on the network has soared to levels never seen before. The Ethereum-layer 2 scaling system that uses Optimistic rollups technology to facilitate faster and cheaper transactions has already been on a roll lately. The daily transaction on Arbitrum has now hit an all-time high of 1,312,052. The last peak was registered a month...

Do Kwon, the co-founder of Terraform Labs, who has been on the run since the $40 billion collapse of the Terra-Luna ecosystem in May, has been reportedly arrested by the local police in Montenegro. According to a tweet by Montenegro’s minister of interior, Filip Adzic, the police apprehended someone suspected of being Kwon at the Podgorica airport, and authorities are waiting for official confirmation of identity. Recall that Kwon was reportedly last seen in Serbia after...

The Brazilian supermodel Gisele Bündchen said her financial advisers pushed her into investing in the now-bankrupt exchange FTX, describing it as “a sound and great” opportunity. She and her ex-husband – the NFL legend Tom Brady – are among the numerous people who parted with substantial funds due to their involvement with the former crypto giant. Praying for Justice The massive demise of the cryptocurrency exchange FTX in November last year left multiple investors...

The banking sector could potentially undergo a much-needed revamp, but until then, investors appear to be scrambling for a safety net. As the traditional financial world is rocked by the Credit Suisse chaos and the failure of a series of US banks, investors have flocked to the largest stablecoin, Tether (USDT). The turmoil has once again helped the controversial asset extend its lead. Tether Market Cap Silicon Valley Bank (SVB), Signature Bank, and Silvergate Capital, once...

The Securities and Exchange Commission (SEC) is prepping for official enforcement action against Coinbase – America’s largest cryptocurrency exchange – for selling unregistered securities.  The agency issued a Wells Notice against the exchange on Wednesday, following a slew of other investigations and lawsuits launched against Coinbase’s competitors in recent months.  Coinbase VS SEC In an SEC filing, Coinbase explained that the Wells Notice warned of violations of Federal...

MetaMask is integrating with crypto fintech platform MoonPay to expand its offering in Nigeria. According to MetaMask developer ConsenSys, Nigeria happens to be one of the major markets for the crypto wallet service globally, ranking third in active mobile users. The latest move to gain a stronger foothold in the country comes in response to the inadequacies in the local financial system, as an estimated 90% of credit/debit card attempts to purchase crypto in Nigeria are...

The Brazilian market welcomes Coinbase, the latest global crypto exchange to enter the country, willing to compete with other established giants, such as Binance, Mercado Pago, and Nubank, which have been operating in Brazil for years and have a massive number of users.  On March 21, Coinbase, the US-based cryptocurrency exchange, announced its expansion into Brazil through a series of updates that will streamline user transactions.  According to the announcement, the...