Tag Archives: AA News

A reported 31% of Cardano’s staking pool operator (SPO) nodes are now running the protocol’s latest software. The update fixes a critical bug found in Cardano’s previous implementation, which raised questions about whether the network’s upcoming Vasil hard fork should be postponed.  According to data from PoolTool, about 55% of nodes are still operating on v1.34.1. To be ready for the upgrade to Vasil, 75% of SPO nodes must be on the newest version. “This is again umpteenth...

South Korean securities companies have reportedly set their focus on the crypto industry and plan to set up digital asset exchanges in the first half of 2023. Such firms include Mirae Asset Securities and Samsung Securities. The domestic financial regulators have been quite strict with crypto-related entities in the past few years. Last year, prompted by the mandatory requirements that the Financial Intelligence Unit (FIU) enforced, over 60 trading venues halted their...

Ethereum 2.0 client Teku has released version v22.8.1, considered as another major step toward the Merge. As per the official announcement, it is a required update that keeps the Bellatrix upgrade on track for September 6th that will kick off the long-awaited process of the Merge and set everything in motion. All mainnet nodes will have to upgrade to the required Teku version to transition to Proof-of-Stake (PoS) and include connecting to a local execution client’s engine...

Ronin hackers have transferred the stolen assets from Ethereum to the Bitcoin network, according to new findings by blockchain investigator and developer ₿liteZero. Recall that after the Ronin bridge hack in March, the attackers moved the $625 million worth of USDC and ETH to Ethereum-based crypto mixer Tornado Cash, making it difficult for authorities to trace the movement of the funds. But Tornado wasn’t the end as the hackers took further steps in obscuring the...

John Haar – a former member of Goldman Sachs’ Asset Management division – published an article detailing what he perceived were commonly held views about Bitcoin, sound money, and economics on Wall Street. He listed multiple reasons for which members of traditional finance either object to or fail to appreciate Bitcoin’s potential as global money.  Ignorance of Economic History As explained in a blog post for Swan on Monday, Haar said that “virtually no one” has spent time...

Tornado Cash has become a common money laundering platform with rapidly growing incidents across Ethereum and Binance Smart Chain on a consistent uptrend. A substantial magnitude of the illicit funds has lost their trail after going through the mixer. According to a new report by blockchain security platform SlowMist, 74.6% of stolen funds (or nearly 300,160 ETH) on the Ethereum network were transferred to the controversial cryptocurrency tumbler during the first half of...

The European Central Bank unveiled a discussion paper this week on the pros, cons, and economics of implementing central bank digital currency (CBDC). It suggested that CBDCs could help stave off dominance from BigTech firms in the payments market due to “network externalities” surrounding the use of a medium of exchange.  Ultimately, the paper posits that CBDC may be “the only solution to guarantee a smooth continuation of the current monetary system.” The Threat of Digital...

The world-famous cryptocurrency exchange platform FTX increased its revenue by more than 1,000% during 2021, from $89 million to $1020 million, according to company financial documents leaked to news outlet CNBC. According to the documents, FTX’s net revenues during 2021 grew exponentially to more than $387 million. A significant increase compared to the $14 million it made in 2020. The Crypto Winter is a Billion Dollars Opportunity In 2022, the company has continued its hot...

The professional American football team, Houston Texans, has become the latest National Football League (NFL) team to accept Bitcoin as payment for its single-game suites. The club said it had already made its first crypto sale after selling a suite to digital marketing agency EWR Digital. Single game suites are exclusive football viewing spaces in stadiums that accommodate a small number of fans who want access to unique benefits such as food and beverages and a preferred...

Accused crypto money launderer Denis Mihaqlovic Dubnikov has been extradited to the United States from the Netherlands to face charges in the District of Oregon. The US Department of Justice (DOJ) said Dubnikov was charged by a federal grand jury in Portland for his alleged role in an international crypto money laundering conspiracy last August. According to the official press release, the indictment stated that the 29-year-old Russian citizen and his accomplices had full...