Tag Archives: AA News

Tornado Cash was added to the US sanctions list by the Office of Foreign Asset Control (OFAC) on August 8. Two days later, Alexey Pertsev, a coder tied to the crypto mixing service, was arrested by Dutch authorities. The blacklisting and the subsequent events sparked an outcry from privacy proponents, with many protesting and engaging in acts of civil disobedience. But according to intelligence firm, Kharon, Pertsev was formerly employed by a company linked to Russia’s...

Federal Reserve chairman Jerome Powell spoke about FOMC’s future goals at the annual Jackson Hole symposium on Friday. He said that FOMC’s overarching directive remains to bring inflation back down to 2%, which “will likely require maintaining a restrictive policy stance for some time.”  After a preliminary pump, Bitcoin’s price swung wildly following his comments. Trading at $21,234 at 12:30 UST on Friday, Bitcoin quickly pumped to $21,819 by 13:05 UST – just an hour before...

SCBX Pcl – formerly known as Siam Commercial Bank – withdrew its intentions to purchase a 51% stake in the crypto asset firm Bitkub for $500 million. The financial institution said the exchange needs to solve its regulatory issues before going back to the table. Despite being close to shaking hands with Bitkub, the organization scrapped plans to acquire a majority stake in the platform for 17.85 billion baht ($497 million). However, its decision is not final, and a possible...

Yong-beom Kim – First Vice Minister of South Korea’s Ministry of Economy and Finance from 2019 to 2021 – will join the blockchain and digital technology research institute Hashed Open Research as its Chief Executive Officer. The entity aims to act as a bridge between local cryptocurrency experts and the government. According to a document shared with CryptoPotato, Yong-beom Kim’s main task as a top executive of Hashed Open Research will be to establish a constructive dialogue...

The proposal to create Uniswap Foundation has received overwhelming support from the community members, paving the way for it to become a reality. Announcing the news, Devin Walsh, along with Ken Ng, had submitted the initial idea, tweeted Wednesday, “Last night our proposal to create the Uniswap Foundation passed its final vote!” Both Walsh and Ng are Uniswap community members and former Uniswap Labs executives. The proposal put to voting from August 17 to August 23 needed...

Well-known crypto influencer Ben Armstrong, aka “BitBoy Crypto,” recently filed a lawsuit against fellow YouTuber Erling Mengshoel Jr., aka Atozy. While the former claims that Atozy’s eight-month-old video titled “This Youtuber Scams His Fans … Bitboy Crypto” caused him significant distress and damage to his business and reputation, in addition to inflicting emotional distress, the community isn’t buying it. Even as BitBoy Crypto has his troupe of ardent followers, Armstrong...

Binance – the world’s largest crypto exchange – has released a statement explaining how it will ensure a smooth transition to a proof of stake (POS) Ethereum next month. In particular, it covered how it will compensate users in the event of an Ethereum fork, during which two different blockchains and versions of ETH could emerge.  Binance’s Merge Plan Per the company’s statement on Thursday, there are “two likely scenarios” that could occur during the merge that may impact...

The Ethereum Foundation has confirmed that the long-awaited Merge is expected to come sooner than previously expected. “Following years of hard work, Ethereum’s proof-of-stake upgrade is finally here! The successful upgrade of all public testnets is now complete, and The Merge has been scheduled for the Ethereum mainnet.” According to a new blog post, the mainnet migration to a proof-of-stake network will complete between September 10 and 20 with the Bellatrix upgrade, which...

The US Department of Justice (DOJ) charged three residents of Miami – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – with defrauding banks and a cryptocurrency platform for over $4 million. The men used fake identification to buy digital assets, while later, they lied to financial institutions that the transactions were not authorized so they could net more money. For their crime, the trio faces up to 30 years in Federal prison. Halting the...

Two prominent YouTube content creators – Erling Mengshoel (aka Atozy) and Ben Armstrong (aka BitBoy Crypto), are at loggerheads over a video made almost a year ago. With the dispute taking a legal turn, Atozy, for one, has found an unexpected ally in popular crypto personality – Cobie. Cobie, whose real name is Jordan Fish, has come to Atozy’s rescue. To help defend the lawsuit, the UpOnly podcast host has donated $100,000 to the YouTuber. In a brief Twitter thread, Atozy...