Tag Archives: AA News

After the recent v0.15.3. update to the Lightning Network, a critical security vulnerability was discovered by independent cybersecurity researchers that would potentially allow bad actors to stop lnd nodes from parsing transactions. A Lightning Network Daemon (lnd) is a full implementation of a Lightning Network Node, along with the services and plug-ins that allow it to connect to the rest of the Lightning network, a Layer-2 blockchain for Bitcoin that enables smart...

Nayib Bukele – the Bitcoin-bullish President of El Salvador – has predicted that the central banking model of today’s western economies will eventually give way to a more trustworthy, decentralized system.  In an interview with Tucker Carlson that aired on Tuesday, Bukele criticized both the Federal Reserve and the media’s reaction to his country’s Bitcoin adoption.  Need for a New Model During the interview, Bukele argued that the Federal Reserve’s capacity to print money is...

The Federal Reserve on Wednesday hiked its benchmark interest rate by another 75 basis points after its regularly scheduled Federal Open Markets Committee meeting.   As usual, Bitcoin experienced volatility upon the announcement, immediately soaring by over $200. The announcement, which happened at 18:00 UST on Wednesday, marks a new policy rate of 3.75% Markets expected a 75-point rise prior to the meeting but had priced in a roughly 10% chance of a 50-point rise. ...

Kathleen Breitman – Chief Executive Officer of the blockchain platform Tezos – thinks the ongoing cryptocurrency bear market is nowhere near its end. However, she believes a “small minority” of useful crypto applications will survive the challenging times and “thrive” in the future. The End of the Crypto Winter not Close Despite the recent revival of the cryptocurrency market, Breitman argued that the sector is far from starting a new bull run. In her view, enthusiasm and...

Ethereum (ETH) was on an absolute rampage to finish October with 20% 7D gains and record ETH short liquidations. Adding to the Web3 blockchain’s tailwinds, Alphabet Inc.’s Google just unveiled Blockchain Node Engine with support for Ethereum. In Blockchain Node Engine, Google boasts a fully managed node-hosting service for Web3 developers. Google Cloud touts Cloud for Web3 as a way for blockchain devs to: “Build and scale faster with simple, secure tools and infrastructure...

Mohamed El-Erian – Chief Economic Adviser at Allianz – thinks bitcoin will never emerge as a global reserve currency, and its price will not surpass the $100K milestone. Still, he believes the cryptocurrency sector will survive the ongoing bear market and remain a vital part of “the ecosystem of payments.” Bitcoin Isn’t Going to the Moon In a recent interview for CNBC, El-Erian described bitcoin as a technological innovation that reached its peak (nearly $70,000 in November...

Leading global payment processor Visa has launched a new non-fungible token (NFTs) solution dubbed “Visa Masters of Movement,” designed to engage football fans in the FIFA World Cup Qatar 2022. Visa has been the official payment partner of the International Federation of Associations of Football (FIFA) since 2007. The payments giant described its new product as the “first of its kind” hybrid experience that features a pre-event NFT auction and immersive activation for...

Nikolai Mushegian – an early contributor to MakerDAO – has been found dead at 29 after reportedly drowning at sea in San Juan, Puerto Rico.  The developer was known within the crypto community for supporting multiple projects and technologies, with some calling him the “DAI architect.” Mushegian’s Passing The local news outlet El Nuevo Dia confirmed Mushegian’s death on Friday, revealing he’d been “swept away by sea currents” at Conando Beach in San Juan.  The beach’s strong...

The finalization of the Twitter-Musk deal triggered a massive price expansion for the first-ever memecoin, which has soared by nearly 100% in less than a week. As a result, DOGE addresses richer than $1 million surpassed 1,000 for the first time since April 2022. The cryptocurrency market has recently taken a breath of fresh air after several months of prolonged crypto winter, and Dogecoin has been at the forefront. The token’s price started surging on the news that Elon Musk...

Leading American cryptocurrency exchange Coinbase is seeking permission to file an amicus brief, also known as “friend of the court,” in support of Ripple Labs’ ongoing court case with the United States Securities and Exchange Commission (SEC).  According to a court document submitted on October 31, the exchange sought permission from Judge Analisa Torres of the United States District Court for the Southern District of New York Judge to file the petition against the...