Tag Archives: AA News

Following days of inactivity, Bitcoin was struck by another wave of upward volatility on Tuesday. After nearly reaching $20,000, the asset left $100 million in liquidations in its wake.  Bitcoin’s price sat at roughly $19,270 at 12:40 UTC on Tuesday, before rapidly climbing upwards over the next few hours.  The coin touched $19,500 about an hour later, experiencing another hour of flat trading before climbing again to $19,834 by 16:00 UTC. The price is now $19,792, at writing...

CashApp is now fully compatible with the lightning network for sending and receiving Bitcoin payments.  The full integration makes Bitcoin significantly easier to use as a means of payment via a commonly used consumer app.  CashApp Integrates Lightning The mobile payment service enabled users to send lightning payments to external lightning wallets (ex. Chivo Wallet, BlueWallet, Muun Wallet, etc) back in February. However, the ability to receive lightning payments from...

South Korea’s top monetary regulator – the Financial Service Commission (FSC) – thinks cryptocurrencies and stablecoins could facilitate money-laundering activities. As such, it will reportedly closely monitor the actions of the country’s largest crypto holders (those who own over $70,000 worth of digital assets). According to a local coverage, the Financial Intelligence Unit (a division of the FSC) will oversee the transactions of South Korea’s crypto whales. The regulator...

Gary Gensler – chairman of the Securities and Exchange Commission (SEC) – said on Monday that crypto markets are, ironically, not decentralized. The chairman argued that there is significant market dominance among a few “intermediaries” in the industry, which is stifling competition.  Centralization in Financial Markets According to the chairman’s prepared remarks at the Securities Industry and Financial Markets Association’s annual meeting, central intermediaries in...

A survey conducted by BlockFi shows that female generation Z and millennials who are new to investments are willing to put their money in crypto before anything else. This October 24, U.S-based cryptocurrency company Blockfi released its latest edition of a crypto survey focused on assessing women’s investment patterns. The results showed that one in ten women picked cryptocurrencies as their first investment. Besides those results, a previous research, the Real Talk: Women x...

The thorough analysis and several investigations that the US Securities and Exchange Commission (SEC) has launched on notorious crypto-related entities seem to be working out for the industry so far. 60% of the respondents in a recent survey said they are more likely to enter the digital asset ecosystem after seeing how the regulator interacted with several troubled firms, including Celsius Network, Three Arrows Capital (3AC), and Yuga Labs. Investors Fond of the SEC’s...

The Tel Aviv Stock Exchange (TASE) – Israel’s sole equity and debt marketplace – now plans to establish a blockchain and digital asset-based trading platform. The exchange will focus on the development of distributed ledger and smart contract technologies while creating various types of tokenized digital assets.  Focusing on Future Tech Tel Aviv’s blockchain-related plans were detailed within its 2023 to 2027 strategy document published on Monday. Among the four strategic...

The cryptocurrency platform FTX will distribute approximately $6 million to reimburse victims affected by a recent phishing attack. CEO Sam Bankman-Fried revealed this is a one-off decision, underlining that the company will not compensate such customers in the future. Only This Time Last week, hackers targeted several FTX users and drained $1.26M worth of cryptocurrencies. One victim discovered that their account using the 3Commas API had traded the DMM: Governance (DMG)...

Binance is on the verge of uncovering the hacker(s) behind the $570 million exploit on its cross-chain bridge, BSC Token Hub, earlier this month. In a recent interview with CNBC’s ‘Squawk Box Europe,’ Binance CEO Changpeng “CZ” Zhao said the firm had received substantial tips from law enforcement authorities to identify the hacker(s) that drained two million BNB tokens. Binance “Narrowing Down” A series of attacks on targeting vulnerabilities in cross-chain bridges over the...

Last week, Mango Markets lost $115 million worth of crypto due to a “profitable trading strategy” employed by Avraham Eisenberg and his team. While technically an exploit of the Mango Markets platform, no hacking was used in the operation, which, so far, seems to have been strictly legal. Eisenberg went on to pay back $67 million to ensure that the platform users would be reimbursed. Bots Beaten at Their Own Game However, Eisenberg’s mischievous streak didn’t go anywhere –...