Tag Archives: AA News

American law enforcement agents seized approximately $34 million worth of digital assets tied to illicit Dark Web activity. The operation marked one of the largest confiscations of cryptocurrencies ever executed by the US authorities. ‘Operation TORnado’ was a Success According to a recent announcement by the Department of Justice, the hacker is a South Florida resident who used an online alias to sell more than 100,000 illegal items across marketplaces on the Dark Web. For...

Jamie Dimon – CEO of JP Morgan Chase – showed strong support for decentralized finance and blockchain technology in a recent letter to shareholders. His new take appears to be a 180 from his previous takes on crypto, and more in line with those of his company. Blockchain and Defi are ‘Real’ The letter, issued yesterday, discussed a range of topics such as the geopolitical climate, macroeconomic conditions, the changing competitive landscape, and company investments. When...

Kakao Piccoma – a Japanese subsidiary of South Korea’s mobile app operator Kakao Corporation – reportedly acquired a controlling stake in the crypto platform Sakura Exchange Bitcoin. Through this move, Kakao intends to utilize blockchain technology and Web3 in its future operations. According to a recent report by Business Korea, Kakao Piccoma purchased more than 50% stake in Sakura Exchange Bitcoin, becoming its largest shareholder. Nevertheless, the exact size of the deal...

The newly developed processor for the proof-of-work algorithm can deliver up to 580 GH/s hash rate and can operate up to 26 J/TH power efficiency. The tech giant believes the new processing chip, Blockscale ASIC, will be a gamechanger that empowers blockchain applications to maintain decentralization via proof-of-work while asserting the principle of environmental sustainability. Scalability and Sustainability Intel, one of the largest semiconductor chips manufacturers in...

The Cardano Foundation – a non-profit overseeing Cardano’s development – has announced a three-year collaboration with the University of Zurich (UZH) to bolster academic blockchain research and education. The organizations’ research topics will include consensus protocol efficacy and Ouroborus attack vectors, among other things. Helping Cardano and All of Blockchain “Ouroborus” is the name of Cardano’s consensus mechanism, which Cardano.org calls  “the first provably secure...

Chengpeng Zhao, aka CZ, CEO of Binance – believes that cryptocurrencies are a terrible option for evading sanctions. Cryptocurrencies have come in aid to the Ukrainian government as well as the several NGOs that have managed to secure donations to help the war-stricken country distribute emergency resources and push back against Russian invasion. However, concerns regarding deep-pocketed Russian oligarchs trying to slip past the impact of Western sanctions by using...

A group of Ledger users has filed a class-action lawsuit in the United States District Court of Delaware against Global e-commerce platform Shopify, its third-party data consultant TaskUs as well as the hardware wallet maker itself. Another Lawsuit According to the official document, the plaintiffs accused Shopify and TaskUs of their “failure to exercise reasonable care in securing and safeguarding” user data connected to the 2020 data breach that affected Ledger SAS crypto...

Frankfurt’s Central Office for Combating Cybercrime (ZIT) and the Federal Criminal Police Office (BKA) conducted a joint operation against the Russian Darknet Marketplace “Hydra Market.” The authorities shut down its server infrastructure and seized over $25 million worth of bitcoin. ‘Hydra Market’ is Down According to a federal police statement, German law enforcement agents “secured the server infrastructure of the world’s largest illegal Darknet marketplace Hydra Market...

CELO’s price went up by more than 60% since the start of April to its highest point in over three months. This comes amid the project’s latest initiative that plans to spend $20 million to incentivize the development of Celo on- and off-ramps. Celo’s Connect the World Project The announcement from earlier this week informed that the Celo Foundation had allocated $20 million for the new Connect the World campaign. The main focus is to invest in teams and projects wanting to...

Thailand-based venture capital firm SeaX Ventures secured a $60 million fundraiser to accelerate the development of global startups throughout Southeast Asia. The company vowed to invest the proceedings in various sectors, including blockchain and Web3. Engaging With Blockchain via the Latest Fund A recent press release revealed that SeaX Ventures raised $60 million to help international startups expand their operations in Southeast Asia. Initially, the fund target size was...