Tag Archives: AA News

The authorities of the United States pressed charges against Irina Dilkinska (who served as Head of Legal and Compliance at OneCoin) for her alleged role in the infamous crypto scam and deported her from Bulgaria to the US. She could receive a maximum potential prison sentence of 20 years for allegedly committing wire fraud and additional 20 years for supposedly violating money laundering laws. A Possible Jail Time for Another OneCoin Member In a recent press release, the US...

The Council fo Economic Advisors showed outright disregard for the purported benefits of Bitcoin and other cryptocurrencies in the President’s Economic Report released on Tuesday.  The report claimed that cryptocurrencies lack fundamental value, and also do not “act as effective alternatives to money.” Crypto: Expectations VS Reality The White House report included two dedicated sections pertaining to digital assets: one titled “The Perceived Appeal of Crypto Assets,” and the...

Despite fears surrounding the US banking sector, the Fed has followed through on its plans to quell inflation with an interest rate hike of 25 basis points on Wednesday. The decision notably affected the price of Bitcoin, which pumped $300 within 5 minutes of the announcement. Bitcoin started the day trading at $28,216, before rising to $28,417 ahead of FOMC.  The asset then broke upwards to $28,752 following the interest rate decision. It trades for $28,480 at writing...

Multi-chain non-fungible token (NFT) marketplace Magic Eden has launched a “fully audited” marketplace on the Bitcoin network as interest in Ordinal NFTs continues to grow. In a press release, Magic Eden said it released the marketplace in honor of Bitcoin’s culture. Riding on the “lightning pace of adoption” that followed the launch of the Ordinal theory, the platform aims to empower collectors and creators, giving them access to appropriate tools. Magic Eden Catches Ordinal...

Hackers have managed to infiltrate the Twitter account of a Circle executive to falsely state that the stablecoin issuer was conducting a USDC airdrop. The fake airdrop leads to a phishing website likely designed to steal users’ tokens. Circle CEO Jeremy Allaire confirmed that the Twitter account belonging to Dante Disparte, the company’s chief strategy officer and head of global policy, was hacked. Perpetrators used Disparte’s account to announce a fake USDC airdrop to the...

The United States Bankruptcy Court for the Southern District of Texas ordered Core Scientific to transfer approximately $20.8 million worth of mining equipment to the energy infrastructure firm – Priority Power.  The entities had a dispute over two mining facilities located in Texas that were supposed to supply Core Scientific with 1,000 megawatts of electricity.  The Judge’s Decision The judge involved in Core Scientific’s bankruptcy case – David Jones – ordered the company...

Jatinder Singh, the 37-year-old partner of Thevamanogari Manivel, a Melbourne woman who mistakenly received $10.5 million instead of a $100 refund from digital asset exchange Crypto.com, has been granted bail by the Victorian County Court. Although Senior Constable Conor Healy argued that roughly $7 million had been recovered and Singh could flee with the outstanding balance, Judge Daniel Holding insisted on granting the bail. Court Grants Singh Bail Recall that an employee...

Jared Grey – the “Head Chef” (CEO) of the automated market maker Sushi Swap – is attempting to establish a $3 million legal defense fund after being subpoenaed by the Securities and Exchange Commission (SEC).  Grey declined to comment further on the ongoing investigations but said he and Sushi were cooperating with the agency.  In a blog post on Tuesday, Grey said that the new Sushi Dao Legal Defense Fund would cover “reasonable attorney’s fees” for core contributors who have...

Ever since FTX unceremoniously imploded back in November, regulators and courthouses in both the USA and the Bahamas have been working furiously to get as many FTX-held assets back into the hands of their original owners, with varying degrees of success. While court cases in the US have temporarily stalled, owed in part to SBF’s plea of innocence, Bahamian regulators were able to seize some assets from the get-go and appear to be closing in on FTX Digital Markets, the...

Former Coinbase CTO and venture capitalist Balaji Srinivasan has many skeptical of his latest prediction that Bitcoin will moon to $1 million within 90 days. What could he really be after with such a bullish public bet? On Tuesday, Balaji explained that his $2 million gamble isn’t about making money, but about settling an “ideological matter” surrounding U.S. dollar inflation. The Printing is Coming In a tweet response to angel investor Jason Calcanis on Tuesday, Balaji...