Tag Archives: AA News

Right as the weekend was about to start, crypto Twitter sounded the alarm on a possible rugpull scam on Aptos. A relatively new blockchain environment touted as a “Solana-killer,” Aptos is a Layer-1, PoS blockchain built by two former devs from the Diem Group, Mo Shaikh and Avery Chang. The pair reportedly worked on developing Libra/Diem, Meta’s now-defunct stablecoin project. Although Diem was halted due to regulatory pressure – who worried that allowing Meta to create its...

Famous whistleblower and ex-NSA contractor Edward Snowden clapped back at the self-styled Bitcoin creator Craig Wright on Monday, after the latter accused Snowden of being a traitor.  The intelligence expert suggested that Wright has committed fraud, and is lying about his identity as Bitcoin’s creator.  The feud began with Snowden publishing a copy of Bitcoin’s whitepaper on Twitter, in celebration of the document’s 14th birthday.  Snowden added that its creator remains...

A DOJ investigation into suspected bank fraud at Tether – issuer of the world’s largest stablecoin, USDT – has reportedly been transferred to another team within the department, according to a Monday article from Bloomberg. Tether, however, has claimed that the information presented in the article is inaccurate, and a case of “sensationalized journalism.” Bloomberg’s Report As reported by Bloomberg, the alleged probe is now led by US Attorney Damian Williams of Manhattan. ...

Decades of easy money policy at the central bank have prepared the U.S. for an epic financial fallout to come, according to the popular financial commentator Peter Schiff.  During a recent episode of “The Peter Schiff Show,”, the renowned crypto critic outlined how markets have been rendered “drunk” and inefficient due to the Federal Reserve’s decisions.  Drunk on Cheap Money As summarized in a blog post from SchiffGold, Schiff believes that today’s record-high inflation...

After less than a week as “Chief Twit,” Elon Musk is pushing for the social platform’s first major change – starting with its verification service. The CEO is reportedly forcing his employees to put a paywall behind Twitter’s coveted blue checkmark. If they don’t comply, they will be fired from the company. Musk’s plan is specifically to quadruple the cost of Twitter Blue – a monthly subscription service that offers additional features at Twitter – from $4.99 to $19.99. The...

Indian investigation agencies are probing three crypto exchanges for their roles in illegal drug trade transactions after they were alerted by the Financial Intelligence Unit (FIU), which has zeroed in on nearly 200 such transactions. These financial dealings for suspected drug deals in Nigeria, the Cayman Islands, and the British Virgin Islands were reportedly carried out through three Indian digital asset management companies, a report in the Economic Times said.  Illegal...

On Oct. 26, crypto giant Binance announced Binance Oracle, a new service that will source, verify, and feed off-chain data to smart contracts running on the BNB Chain. The company claims that the Oracles will provide a “more reliable, secure, and accurate data sourcing solution for smart contracts.” The new service, which launches this month, will enable existing Web3 dApps and BNB Chain partners to access oracle data sources. The company confirmed that more than ten projects...

Crypto adoption is shooting through the roof despite the bear market and uncertainty surrounding asset prices, according to recent findings from the leading decentralized application (dApp) analytics platform DappRadar.  The analysis, dubbed the Blockchain Behavior Report, outlined major trends that affected the blockchain space in the last quarter, including regions where crypto adoption accelerated in both usage and regulatory efforts. Countries That Led Crypto Adoption in...

Avraham Eisenberg, the software coder and crypto trader behind Mango Markets’ $100 million exploit, believes “profitable traders” like himself attract a lot of jealousy and hate from other crypto traders. Eisenberg shared his belief with Laura Shin during an interview on the Unchained Podcast on Friday. He argued that the public is bound to hate and criticize people who execute profitable arbitrages. Hate for Profitable Traders Recall that the Mango Markets exploit, which...

As the global financial ecosystem continues to witness major changes, young investors in the United States are increasingly leaning towards crypto assets as an alternative investment option to add to their retirement plans. 50% of Young People Want Crypto in 401(k) A recent survey by the U.S. asset manager, Charles Schwab, which polled about 1,100 401(k) retirement plan participants aged between 21 and 70, revealed growing interest in the nascent digital asset industry. ...