Tag Archives: AA News

Smartphone-based blockchain mining project Pi Network has issued another clarification on the unauthorized listing of Pi coins, saying they are not available for trading yet. Pi Network has been in existence since 2018 and launched its Pi coin for mining by its community members, called “Pioneers,” in March 2019. These assets can be traded once Pi Network upgrades to Open Mainnet. Pi Network Disclaimer Right now, the network is in the Enclosed Mainnet state, which makes its...

The Commodities and Futures Trading Commission (CFTC) has charged Mango Markets exploiter Avraham Eisenberg with violating federal commodities laws during his $110 million manipulation attack in October.  The commission seeks various forms of penalties and relief from the attacker, some of which include trading bans, restitution, and disgorgement. Eisenberg’s Crime Per the complaint filed on Monday, the CFTC said that Eisenberg misappropriated over $100 million from the Mango...

The developers of Gala Games announced a major partnership between the blockchain gaming platform and the popular actors Dwayne Johnson (better known as “The Rock”) and Mark Wahlberg. The price of the entity’s native token – GALA – spiked by nearly 70% shortly after the disclosure. Gala Games revealed that it will develop two films with the Hollywood superstars. The team said buyers of the movie tickets will be able to scan a QR code and win digital assets. The platform...

Solana Foundation’s Remote Procedure Call (RPC) endpoints went offline on January 8th as a result of a bug in the Validator client’s test release 1.14. According to an update by Solana Status, the bug affected those nodes that adopted the latest test release and advised those operating on the node to change over to 1.13. RPC endpoints are essentially the nodes that connect decentralized applications (DApps) and wallets to the blockchain. The incident, however, did not impact...

Sam Bankman-Fried (SBF) and his former right-hand, Gary Wang, are unable to retain ownership of almost half a billion dollars worth of Robinhood shares, according to a court document dated January 6th.The US Department of Justice (DOJ) has seized the executives’ holdings in response to charges of wide-ranging fraud against Bankman-Fried and FTX, with which the equity investments may be involved.  No More Robinhood Shares The document, filed in a New Jersey bankruptcy court,...

The consumer price index excluding food and energy (core CPI) numbers will be released by the United States government on Thursday, January 12. Although the most recent months saw a decline in the inflation rates compared to the peaks in the summer of 2022, the estimates still show a painful picture. Here Are the Expectations The upcoming CPI numbers will play a crucial role in the US Federal Reserve’s decision on whether to continue its current monetary policy of raising...

Hayden Adams, the Uniswap creator, was just a 23-year-old native of the suburbs of New York in 2017 when he was laid off from his role as an engineer at Siemens. Adams began by writing an application from scratch, and his friend built a sleek new interface for Uniswap on top of what he describes as an “incredibly shitty” React codebase. Fast forward five years, and Uniswap has still managed to retain its position as a DEX leader. Uniswap’s Continued Dominance According to...

Cardano founder Charles Hoskinson has announced the launch of his new hospital called “Hoskinson Health & Wellness Clinic,” which will allow customers to pay for medical services using ADA, the native token of the Cardano ecosystem. Announcing the development a few days ago, Hoskinson said the hospital would be open for business by February 2023. However, the Cardano founder did not reveal whether his new medical center will accept other major crypto assets such as...

Amid the bear market and the fall of FTX, the crypto industry is still struggling to get back on its feet as innovation and technological advancement continue. However, the market has shown signs of improvement in the first week of 2023, with the Ethereum ecosystem leading the way. According to a report by blockchain data analytics firm Nansen, Ethereum liquid staking platforms have seen a significant increase in price in recent weeks. Liquid Staking Protocols Spike as Staked...

Financial markets for everything, including crypto, remain on pause as we mark off the first week of 2023. At this time of global economic uncertainty, people are holding their cash close. Here’s why it’ll be increasingly important for governments to hold their Bitcoin close. Bitcoin’s price barely budged after the release of the latest jobs report. It moved less than a percent, holding above $16,900 as the job data suggested more rate hikes. Bitcoin Is Poised To Become The...