Tag Archives: AA News

Tether – the issuer of USDT, the world’s largest stablecoin – is yet to freeze addresses associated with the privacy protocol Tornado Cash. That means USDT holders can still technically use the smart contract to obfuscate their funds.  However, it remains unclear whether Tether’s permissiveness amounts to a violation of U.S. sanctions. Tether and Tornado According to a statement from Tether on Wednesday, the Office of Foreign Assets Control (OFAC) has established no...

Brian Armstrong – Chief Executive Officer of Coinbase – expects the ongoing crypto winter to last around 12 to 18 months. However, he admitted that his company is prepared for a prolonged bear market because it coincides with a broader macroeconomic crisis. Armstrong believes Coinbase will not have problems enduring the negative conditions since it has passed through similar market declines four times in its ten-year-old existence. It Should be Over by the end of 2023 In a...

The US Office of Foreign Assets Control (OFAC)’s placement of popular crypto tumbler Tornado Cash as an entity on the Specially Designated Nationals (SDN) sanction list has raised many eyebrows. The subsequent removal of its source code from the Microsoft-owned GitHub, which also shut down the user accounts of three individuals who contributed code to the project, prompted an outcry from privacy and free speech advocates. While forks of the open source software have remained...

A group of leading Indian blockchain influencers with expertise in trading, NFT, Metaverse, cybercrime, etc., recently announced the formation of the India Blockchain Forum (IBF). The event at Hyderabad in India’s Telangana state was attended by the state government’s principal secretary for industry, commerce, and information technology, Jayesh Ranjan, said media reports. Hyderabad is India’s second largest tech hub after Bengaluru. IBF to Adopt Collaborative Model The...

The leading athletic apparel company – Nike – has surpassed many prominent names with its NFT sales this year. According to the latest stats, Dolce & Gabbana, Tiffany, Gucci, and Adidas are reaping millions from NFTs, but it’s Nike that tops the chart. Dune Analytics researcher Noah Levine’s data showed the above businesses leading the NFT wave. Nike’s NFT-related projects have generated over $185 million in revenue, placing itself as the biggest earning brand. The iconic...

CNBC Mad Money host Jim Cramer’s name has become almost synonymous with finance television. But that hasn’t stopped him from giving some regrettable investment advice over the course of years. Despite being a prominent personality in the finance world for decades, his deeply ill-fated predictions have attracted significant ire from the community. On a lighter note, another well-known trader is now inverse trading against him. Crypto trader AIgod is the one behind the cheeky...

Hodlonaut’s request to be put to be placed under judicial management with the Singapore High Court was agreed upon, but the judicial managers – Samtrade Custodian Limited and S.A.M Fintech Pte Ltd – disagreed with the lender’s proposed candidate. By avoiding the forced liquidation of assets, the company had earlier said that undergoing judicial management would provide it with the best chance of recovery instead of filing for suspension. According to the latest announcement,...

Coinbase is being sued by one of its users for failing to keep its customers’ accounts accessible in periods of high market volatility. Acting on behalf of all Coinbase wallet and account holders, plaintiff George Kattula alleges that the exchange “does not properly employ standard practices to keep consumers’ accounts secure”. Unkept Promises at Coinbase? According to the plaintiff’s filing, Coinbase “improperly and unreasonably locks out its consumers from accessing their...

An attacker trying to steal funds from Rainbow Bridge on Saturday was stopped within 31 seconds, losing 5 ETH in the process. Alex Shevchenko – CEO of Aurora Labs – broke down how the protocol mounted its automated defense, without needing an immediate response from the security team.  Another Successful Bridge Defense In a Twitter thread on Monday, Shevchenko said that someone attempted to send a fabricated NEAR block to the Rainbow Bridge smart contract.  Rainbow Bridge is...

SudoRare – a decentralized non-fungible token (NFT) marketplace – is reportedly the latest crypto project that had rug-pulled its customers. The project, established earlier today, shut down its operations six hours after launch after it was rug-pulled for 519 ETH (around $850,000 going by current prices). The blockchain security company – PeckShield – indicated that the wrongdoers behind the protocol have already sent the drained funds to three different wallets, each...