Tag Archives: AA News

More carnage swept through the crypto markets today, with another $300 million worth of trades liquidated within an hour. This happened as Bitcoin’s price plunged as low as $31,000 – its lowest level since July 2021. According to Glassnode, exactly $314.3 million in trades have been cleared within the last hour and $724.99 million within the last 24 hours. Interestingly, about half of the lost positions were on ETH trades ($154 million) while significantly less were lost on...

Fortress Protocol – an algorithmic money market and defi lending protocol – has been drained of all funds following an oracle manipulation attack. The stolen crypto has since been bridged from Binance Smart Chain to Ethereum and mixed using the privacy protocol Tornado Cash. Buying Out the Protocol Blockchain security firm CertiK shared information about the hack with CryptoPotato on Monday. It began with the hacker using ETH to purchase a substantial amount of FTS – the...

The American entrepreneur and founder of Cardano – Charles Hoskinson – opined that ADA (the native token of his blockchain protocol) has been underperforming recently because crypto is in a bear market. In his view, nothing can move the USD valuation up during the current situation. Bear Market is Here 2022 and especially the last few weeks have not been kind to the cryptocurrency industry as the prices of most digital assets are far away from their top levels registered in...

Many Cubans are now using cryptocurrencies as an alternative means of exchange due to limitations imposed by US sanctions on the country’s traditional payment rails. Over 100,000 Cubans are reportedly using digital assets, largely thanks to mobile internet reaching the country just three years ago.  Cuba’s Crypto Economy NBC News recently interviewed Nelson Rodriguez – a Cuban cafe owner who now accepts both Bitcoin and Ethereum for payments. He said he believes in the...

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced fresh sanctions on a cryptocurrency mixer called Blender.io, which happens to be used by the Democratic People’s Republic of Korea (DPRK). OFAC Sanctions Coin Mixer In the official press release, the OFAC revealed that North Korean hackers had used Blender to launder digital assets as well as to carry out state-sponsored cyber attacks. The website was reportedly engaged in the...

Cloud data storage, primarily controlled by big techs like Amazon and Microsoft, is partly what the blockchain-powered Web3 aims to revolutionize through decentralization. The largest search engine in the world is planning its foray into such a promising field. Google’s cloud group, whose parent company has reportedly shifted its major source of revenues from advertisement to cloud computing, has announced forming a new team specifically for building blockchain...

After launching five Permissionless Pools, Clearpool established its first-ever permissioned pool that allows institutional lenders to earn yields up to 15% by staking USDC. The project partnered with Jane Street Capital – a global proprietary trading company aiming to enter the cryptocurrency industry. Permission Pool Decentralized capital markets provider Clearpool launched a permissioned pool on Tuesday, enabling borrowers with higher Know-Your-Customers (KYC) requirements...

In its most recent research, the Bank of International Settlements (BIS) estimated that nine out of ten central banks explore how to release their own CBDC. Moreover, 50% of those financial institutions are currently developing such products or passing through experiments. Most Central Banks Are Interested in CBDCs The international monetary institution – BIS – questioned 81 central banks to determine their stance on CBDCs and how close they are to launching one. Per the...

Sunshine Tour – a professional golf tournament held in Southern and Eastern Africa – partnered with Luno to bring cryptocurrencies closer to the participants. Apart from prizes in fiat currency, the top golfers will receive awards in bitcoin. BTC Reaching the Golf Course The primary cryptocurrency keeps making its way through the sports industry. The latest such example came from the prestigious golf championship – Sunshine Tour. The tournament, based in numerous African...

Blockchain analytics firm Chainalysis’ latest report indicates that NFT activities have slowed down in 2022, with growth beginning to pick up again since mid-April. The document also noted that growing interest derived from retail investors – as shown in the rising number of small-sized transfers – has not yet overridden the market share dominated by institutional investors. NFT Activities Stabilized in 2022 In the wake of the impressive growth in 2021 – culminating in...