Tag Archives: AA News

South Korean Prosecutors have confirmed that Do Kwon might have fled Singapore as he was believed to be in hiding there. In a text message on Thursday, reported by Bloomberg, they said reports suggesting that Kown flew to Dubai for a possible stopover before escaping to an unknown destination are “not false.” Hunt for Do Kwon  Kwon left South Korea in April, and certain reports suggested he was in Singapore until the arrest warrant was issued against him. His family and key...

Gavin Wood – creator of Polkadot and co-founder of Ethereum – has exited his leadership position from the network’s major infrastructure provider, Parity Technologies. However, he will still remain closely involved with the company.  Though he will no longer be CEO, Wood will remain Parity’s majority shareholder, and will transition into a new role as its “Chief Architect.” “The role of CEO has never been one which I have coveted,” said Wood in a statement about the...

The global recession will probably last until the spring of 2024, guessed Tesla CEO Elon Musk over Twitter on Friday.  The billionaire cast his prediction in response to Dogecoin creator Billy Markus, who made a tweet joking about an “impending global recession,” and “nuclear apocalypse.” Musk replied that it would be nice to have one year without any “horrible global event.”  Another account – Tesla Owners Silicon Valley – then asked the billionaire how long the recession...

The Berlin-based neobank – N26 – established a cryptocurrency service that will enable customers to buy and sell 100 cryptocurrencies. The largest fintech bank in Latin America – Nubank – also hopped on the bandwagon, launching its own cryptocurrency in Brazil. Interestingly, Berkshire Hathaway – the conglomerate holding company spearheaded by the famed investor and crypto critic Warren Buffett – is among the financial backers of the banking institution. Even though the...

Fidelity Digital Assets – the cryptocurrency subsidiary of the finance giant Fidelity Investments – will allow its institutional clients to trade Ether (ETH). The service will be available on the company’s crypto platform from October 28, 2022. Fidelity Expands its Crypto Scope Earlier this month, the company doubled down on its cryptocurrency efforts by introducing an Ethereum Index Fund. In a recent Twitter announcement, Fidelity Digital Assets revealed the launch of...

FTX CEO Sam Bankman-Fried (SBF) posted a draft of a set of standards to create clarity and protect customers as the US awaits full federal regulatory regimes. While highlighting the significance of regulatory oversight and customer protection, SBF said there needs to be an open economy where peer-to-peer transfers, code, validators, etc., are presumptively free. He believes establishing standards is necessary until regulation hit the scene to help inform and protect...

DappRadar – a Dapp discovery and analysis platform – has released a report covering the current state of the Metaverse, its use, and levels of adoption. While metaverse-related trade has slowed massively this year, other metrics continued interest in the space.  Is the Metaverse Still Active? The “metaverse,” according to DappRadar, has two meanings. One refers to the “classical metaverse” that relies on Web 2 technologies, which fuse current gaming and social experiences...

After Binance became the second-largest entity by voting power in the Uniswap DAO, the CEO of the popular DEX, Hayden Adams, took it to Twitter to describe the situation as “unique” while adding that “UNI technically belongs to its users.” He accused Binance of using user funds to pile up governance votes. Hayden Adams on Binance Adams claimed that it was unclear how the crypto exchange intended to engage with the decisions of the DEX and argued that Binance users would...

Twitter’s anonymous Bitcoiner Hodlonaut has officially won their lawsuit against Craig Wright – the Australian computer Scientist who claims to be Bitcoin’s creator, Satoshi Nakamoto.  According to the ruling, Norwegian judge Helen Engebrigtsen declared that Hodlonaut had “sufficient factual grounds to claim that Wright had lied and cheated in his attempt to prove that he is Satoshi Nakamoto.” The Twitter user claimed in 2019 that Wright is both a “fraud” and “scammer,” in a...

On October 19, the United States Department of Justice (DOJ) accused two Venezuelan citizens and five Russians of using cryptocurrencies to launder money for Russian oligarchs by selling oil barrels from sanctions-hit Venezuela. According to the press release, the defendants smuggled millions of barrels of oil to Russia and China, laundering “tens of millions of dollars.” They used crypto to launder part of the funds . Among the Russian defendants are Yury Orekhov, Artem Uss...