Tag Archives: AA News

Bitcoin briefly blew past the highest levels of 2022 overnight after reclaiming several key resistance points. Owing to the resurgence of the positive trend, crypto funds have seen fresh investment inflows. The latest data reveals that digital asset investment products saw inflows totaling $193 million last week. This marks the largest volume since mid-December 2021. According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, European funds...

The evasion of Goods and Services Tax (GST) by crypto exchanges was figured in the Indian Parliament on March 28. Minister of State for Finance Pankaj Chaudhary informed that 11 such digital asset platforms were fined for tax evasion in 2021-22.  Tax Evasion by Crypto Exchanges The total tax evasion by these companies amounted to Rs. 81.54 crore (appr. $1.08 million), and with a fine, the Central Goods and Services Tax (CGST) authority recovered Rs. 95.86 crore ($1.2 million)...

Crypto ETP issuer ETC Group has announced the launch of three crypto exchange-traded products tracking the performance of Avalanche, Cosmos, and Polygon. New Crypto Investment Vehicles According to a report by ETF Stream, the latest investment vehicles – ETC Group Physical Avalanche ETP (AVAL), the ETC Group Physical Cosmos ETP (ATME), and the ETC Group Physical Polygon ETP (MTCE) – will track the price of the AVAX, ATOM, and MATIC. The three new products were unveiled via...

The continued investments from some of the most high-profile financial juggernauts in Canada reflect a belief that institutional adoption of crypto and blockchain will keep growing. This western Candian province, which boasts a rich entrepreneurial history, is now looking to play a crucial role in the digital asset industry. Alberta to Becoming Crypto Hub? According to the latest report, Alberta’s ambitions are soaring high as the authorities are looking to position the...

With Bitcoin finally breaking above the $45,000 resistance level that held it down for months, the market is finally reflecting overall optimism. The Crypto Fear & Greed Index has now reached 60 – the highest reported number since Bitcoin’s all-time high in November. Back in Bullish Territory The Crypto Fear and Greed Index is an overall measure of crypto market sentiment gauged by Alternative.me – a software connecting platform. Its basket of indicators includes...

The anonymous hacker behind the theft of over $50 million from the Solana-based stablecoin protocol Cashio has set some conditions for returning the stolen funds to affected users. The Cashio hacker has set forth conditions for returning funds stolen from the decentralized platform. Data from Etherscan shows someone in control of the wallet linked to the exploit detailing how restitution could happen for people affected by the attack. The hacker gave six conditions, part of...

Two wallets by Robinhood hold around $6 billion worth of Dogecoin (DOGE) for its customers. This is evident by a report from Dogecoin Whale Alert, a site dedicated to analyzing real-time transactions on the DOGE blockchain and tracking transfers of 4M DOGE or more. According to the data collected by Dogecoin Whale Alert, Robinhood wallet333495 has six addresses holding Dogecoin, with DBs4WcRE7eysKwRxHNX88XZVCQ9M6QSUSz string more than 30 billion DOGE, equivalent to $4...

The United States Government Accountability Office (GAO) recently assessed the financial/ non-financial risks and benefits that blockchain technology can provide. It identified four policy options that various institutions could adopt to help enhance the noted advantages while mitigating risks. The Blockchain Technology Assessment Released on Wednesday, the assessment’s recommendations are targeted toward local/ state governments, federal agencies, Congress, industry, and...

The lack of knowledge among common investors about cryptocurrencies and how to safely invest in them is resulting in a growing number of frauds. In a recent example, the Crime Investigation Department (CID) of Ahmedabad Police in India’s Gujarat province registered a case where the victim was duped of Indian Rupees (Rs.) 22 lakh (approximately $27,000). Details of the Case As per the First Information Report (FIR) lodged with the police, Harshad Patel was introduced by his...

Non-fungible tokens continue to be used for some humanitarian reasons, and the latest example came from South Africa. A digital collection of Nelson Mandela’s original arrest warrant from over half a century ago was sold for more than $130,000 to fund a heritage site. Mandela NFT Sold for $130K Prior to becoming South Africa’s first black president, Nelson Mandela was a part of a political organization (African National Congress – ANC), in which he became a leader of...