Tag Archives: AA News

Eric Wall, a creditor of Mt. Gox, confirmed that new reports swirling that 137,000 BTC sent to creditors would soon be dumped on the market are false. In a recent Twitter thread, Wall said the repayment system is not live yet. While addressing the rumors floating around across social media channels, the former CIO at Oslo-based crypto investment firm Arcane Assets said the payouts will also occur in tranches over months instead of offloading thousands of BTC all at once,...

Leading providers of corporate and business formation services in UAE, Virtuzone has partnered with Binance to accept cryptocurrency payments via Binance Pay. As per the official press release, Virtuzone aims to bring barriers to entrepreneurship by facilitating cryptocurrency payments for company setup. Creating more opportunities for global businesses in a bid to tap into UAE’s thriving startup community is another key focus area behind the strategic partnership. Binance...

The bitcoin mining difficulty is expected to see its largest increase in over seven months later this week. This comes as the hash rate has surged by almost 30% in the past two weeks. Largest Increase in Mining Difficulty Since January? The bitcoin mining difficulty adjustment is an essential part of the world’s largest blockchain that makes it either easier or harder for miners to do their job depending on the number of entities plugged into the network. Essentially, the...

On August 27, Jordan Belfort, the man that inspired the award-winning movie The Wolf of Street, said during an interview with Yahoo Finance that he was wrong when he claimed that the price of Bitcoin would reach Zero. As Belfort put it, when he made that claim in 2017, he “hated cryptocurrencies” because the market was surrounded by scams. This has been slowly changing over the years but remains an adverse effect of decentralization. “At the time that I really hated crypto, I...

A recent research conducted by Study.com revealed that 64% of US parents think cryptocurrencies should be a subject part of their children’s education. However, the moms and dads are not that supportive of non-fungible tokens (NFTs) since only 25% said they should be included in the school programs. The mayor of New York City – Eric Adams – is also a proponent of such educational amendments. Last year, he labeled cryptocurrencies as a “new way for paying for goods and...

Before the world was hit by COVID-19, crypto assets such as Bitcoin and Ether showed little correlation with financial markets. Post-pandemic, the lines have become increasingly blurry. In a new blog post, IMF economists said several Asian countries have fiercely adopted digital assets in the last couple of years while highlighting the need for regulation. The organization noted that digitalization can prompt a much-needed shift to an environmentally-conscious payment system...

The extensive report published recently by crypto auditing firm Elliptic shows the methods used by cybercriminals to misappropriate and profit from the immense hype generated by NFTs, extolled for the benefit of wary consumers. Between phishing, scam projects, stolen and plagiarized NFTs, market manipulation, and rugpulls, the total value of financial crime connected to NFT trading adds up to over $100 million, with an average of $300k for every instance of monkey business....

A recent survey carried out by Pew Research Center estimated that 46% of American cryptocurrency investors think their entrance into the market has done worse than expected. Only 15% admitted their investments have turned more successful than initially thought. The study further disclosed that the share of crypto investors in the US had remained relatively the same compared to figures from September last year. The lack of significant changes comes despite the fact that...

CoinSwitch Kuber’s CEO Ashish Singhal on Saturday provided more details about the searches at his office and residence by India’s financial crime investigating agency the directorate of enforcement (ED), two days ago. He refuted the recent allegations that his firm has been investigated for certain illicit activities. CoinSwitch CEO Explains In a Twitter thread, Singhal explained that the ED’s searches were not linked to any investigation related to the Prevention of Money...

Early this week, KuCoin released a survey regarding the new developments in India’s blockchain and crypto space – Into The Cryptoverse Report India, which revealed the number of crypto investors in the country to be in the range of 115 million as of June 2022. These people have either traded or held crypto assets in the past six months, the study claimed. Crypto Investors Have a Youthful Profile The KuCoin’s India survey presents a cheerful crypto investment landscape in the...