Tag Archives: AA News

In a surprising turn of events, Ethereum developers faced an unexpected setback as they attempted to launch their new test network, Holesky, on Friday. This hiccup affected what was supposed to be a celebratory technological milestone, marking the first anniversary of the groundbreaking “Merge” upgrade of Ethereum. Holesky Testnet Faces Genesis File Mishap On Sept. 15, Ethereum developers faced an unexpected hurdle as they attempted to initiate the Holesky test network. While...

A weekly market report by America’s largest cryptocurrency exchange, Coinbase, has outlined several reasons why the forthcoming mass token liquidation by its bankrupt rival FTX is unlikely to cause market shocks in the ecosystem. The research report, written by Coinbase head of institutional research David Duong, disclosed that analysts at the exchange found some factors that should mitigate the risks of market shocks when the assets are eventually sold. FTX’s Forthcoming...

In a recent turn of events, Ant Group, a Chinese financial technology giant, reportedly decided to divest its $100 million investment in A&T Capital, signaling a retreat from the volatile crypto sector. These reports come a few months after the resignation of A&T founding partner Yu Jun, who was later investigated for his workplace misconduct while serving as an executive at A&T Capital. Ant Group to Retreat From A&T Capital A&T Capital was founded in 2021...

Ethereum’s layer-2 solutions are outperforming the blockchain they were designed to bolster. Both Base and zkSync Era have shown remarkable performance so far despite the incessant bear market. For the first time in history, Base and zkSync Era surpassed Ethereum’s Transactions Per Second (TPS) rate of 10.18 on September 17th. According to data compiled by L2Beat, the Coinbase-incubated layer-2 network achieved a TPS of 12.93, marking an impressive 49.76% increase within just...

Cryptocurrency exchange CoinEx, which recently suffered a breach, has called on the hacker to negotiate with the company while also promising a generous bounty reward if they decided to return the stolen assets. The notorious North Korean-sponsored Lazarus Group was identified as the hackers behind the attack on CoinEx. Let’s Dialogue, Says CoinEx to its Hackers In an open letter on Sept. 15, CoinEx stated that the hack incident served as a lesson for the company and made the...

Karl Sebastian Greenwood, co-founder of OneCoin and wingman for Ruja Ignatova, also known as “Cryptoqueen,” was sentenced to 20 years imprisonment for his involvement in one of the biggest crypto scam projects. Ignatova, who was included in the Federal Bureau of Investigations (FBI) Ten Most Wanted Fugitives list, is rumored to have been murdered in 2018. 20 Years in Prison for Cryptoqueen’s Wingman According to Bloomberg, Swedish citizen Karl Sebastian Greenwood was...

Stablecoin issuer Paxos, in one of the latest developments, released the first transparency but unaudited report for the recently born Paypal USD, or PYUSD stablecoin, affirming the stability and reliability of the assets. This latest report also highlighted that, as the curtains fell in August, the lion’s share – over 90% – of PYUSD was held in Paxos wallet, with another approximately 7% scattered across various exchanges such as Kraken, Gate.io, and Crypto.com.  Paxos’...

In what’s described as a rapidly evolving landscape of financial and economic crimes threatening the internal security of the European Union, Europol has applauded the independence and protection offered by blockchain technology. Europol has also raised concerns over the rising criminal activity within decentralized finance (DeFi). Europol Warns of Rising Criminal Activity in DeFi and NFT Space Europol, the European Union Agency for Law Enforcement Cooperation, recently...

Former Deutsche Bank investment banker Rashawn Russell intends to plead guilty to cryptocurrency fraud charges.  Russell initially contested the allegations against him; however, the case has now been forwarded to a magistrate judge for a change of plea hearing, signifying a shift in Russell’s legal strategy. Rashawn Russel Set to Plead Guilty to Crypto Fraud Charges Russell, a licensed broker aged 27, had previously denied involvement in deceptive crypto transactions....

The US Securities and Exchange Commission (SEC) has claimed that Binance has failed to provide sufficient documentation despite previously agreeing to expedited discovery. BAM, the organization responsible for Binance’s US affiliate, has submitted approximately 220 documents. However, the SEC’s legal representatives have alleged in a new filing that many of these documents consist of “unintelligible” screenshots and lack essential dates or signatures. Binance-SEC Courtroom...