Tag Archives: AA News

The BNB Smart Chain will go through a hard fork tomorrow. The upgrade will take place at around 08:00 AM (UTC) at block height 22,107,423. The changes are aimed at mitigating the cross-chain infrastructure between the Beacon Chain and the Smar Chain in an attempt to re-enable the cross-chain back. What is the BNB Smart Chain Moran Hard Fork? According to a release on Github, the BNB Smart Chain will go through a hard fork tomorrow – October 12th. The upgrade is called Moran,...

XRP has been one of the best performers in an otherwise stagnant and even declining cryptocurrency market where most of the coins are charting declines. The cryptocurrency is up over 20% measured from the lows on September 28th and the price it’s trading at the time of this writing, as seen in the chart below. Source: Binance via TradingViewThe SEC Lawsuit Going Well for Ripple One of the biggest variables in XRP’s future price performance lies within the outcome of the...

Ripple continues to be embroiled in a legal tussle with the SEC, and certain community members have claimed significant corruption on the agency’s side for targeting the blockchain firm. Cardano founder Charles Hoskinson has cleared his stance on the matter and backed Ripple by saying that layer-1 protocols aren’t securities. The XRP Army, however, isn’t happy with Hoskinson’s take on the debate surrounding corruption inside the SEC. Fragment the Space XRP proponents believe...

The American YouTuber, actor, and social media personality – Logan Paul – sits on a $623,000 unrealized loss due to his investment in a non-fungible token (NFT), part of the Azuki collection. His interaction with cryptocurrencies is not successful, too. Due to the market crash, the valuation of his holdings has shrunk by over $500,000. Logan Paul’s Crucial Paper Losses Similar to many other individuals, the popular YouTuber hopped on the crypto bandwagon last spring when the...

Huobi Token (HT) – the native cryptocurrency of Huobi Global – spiked by approximately 18% hours after Justin Sun confirmed he will take an advisory role in the exchange. The recently announced Global Advisory Board will aim to guide the company’s business efforts and expansion plans, as well as receive a fresh investment. Huobi announced the establishment of the new unit yesterday (October 9th) and immediately invited some industry leaders to join it. One of those...

The Merge was this year’s biggest event. It marked the long-awaited transition of Ethereum from a Proof-of-Work governance consensus to a Proof-of-Stake one. Besides other benefits, one of the most notable differences was the supply change. Since miners no longer mine ETH, the issuance has dropped by over 99%. At the time of this writing, the supply change of ETH since the Merge has surpassed 9,000 and sits at 9,700. This is to say that only 9,700 ETH has been added to the...

The field of algorithmic stablecoins has taken a massive hit after the infamous collapse of the entire Terra ecosystem (including UST). Following the crash, the community got split into two – those who support the new version of Terra, which retained the name, and those who support the old version of it – Terra Classic. Within the past 24 hours, the stablecoin called Terra Classic USD, or USTC, soared by 40%, as uncharacteristic as this may be for a cryptocurrency designed to...

Company founders Ola Muse and Karthik Kalyanaraman left Coinbase in August. It only took them two months to raise and close the seed round, which was led by Redpoint Ventures with participation from Mysten Labs and Howard University. Their firm, Scale3, is an infrastructure startup that focuses on supporting blockchain node operators. Node operation is a complex process that needs highly technical support and rapid response when problems arise. As the Web 3 infrastructure...

The US Department of Justice confiscated 719 bitcoins from the 35-year-old Canadian – Sebastien Vachon-Desjardins – for participating in the NetWalker ransomware attacks. At the time of the seizure, the amount of cryptocurrency equaled nearly $22 million. Prison Time for the Criminal According to a recent announcement, Vachon-Desjardins was involved in a sophisticated type of ransomware known as NetWalker. The malicious software targeted victims all over the globe, including...

Brazil’s Federal Police reportedly halted the operations of a criminal gang led by the businessman Francisco Valdevino da Silva, a.k.a “Bitcoin Sheikh.” The authorities claimed that the wrongdoers defrauded thousands of people in the past few years and laundered up to 4 billion Brazilian reals ($766 million). Another Crypto Ponzi Scheme in Brazil GloboNews revealed that Brazilian law enforcement agents raided the address of da Silva and many of his partners on suspicion that...