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Tag Archives: AA News

Bitdefender Releases Tool To Decrypt Files Affected by REvil/Sodinokibi Ransomware

How did the hacker escape the police? -He Ransomware. Jokes aside, the victims of the infamous REvil/Sodinokibi ransomware now have a reason to celebrate, as they can have access to their files again. A few hours ago, the cybersecurity company Bitdefender announced that it succesfully developed a tool to decrypt files altered by the REvil/Sodinokibi ransomware, returning them to their natural state. The Infamous REvil/Sodinokibi Now Has a Cure According to the announcement,...

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StanChart Chairman: Financial Institutions Need Cryptocurrency Presence

José Viñals – Chairman of the British financial institution Standard Chartered – believes that the cryptocurrency space is an area where every financial institution “needs to be present.” According to him, businesses dealing with digital assets will go through a significant growth period in time. ‘Crypto Is Here to Stay’ In a recent interview for CNBC, the Group Chairman of Standard Chartered – José Viñals – revealed his support for the cryptocurrency industry. He opined that...

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OpenSea’s Head of Product Is Out Following Accusations of NFT Insider Trading

Nate Chastain, Head of Product at popular NFT marketplace OpenSea, appears to have stopped working with the company after being accused of NFT flipping using insider knowledge. Head of Product is Out Since being called out two days ago, Chastain’s Twitter profile has been updated to include the phrase “Past: @opensea”, suggesting that he is no longer employed with the marketplace. Though this is not definitive proof that he was released from OpenSea due to the accusations,...

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Canadian Political Party Leader Says He Supports Bitcoin Ahead of Elections

Maxime Bernier – leader of the fast-growing “People’s Party” of Canada, has confirmed that he supports the Bitcoin and cryptocurrency space just a week prior to a federal election in the country. Bitcoin: A Counter to Central Banking Bernier revealed his opinion for Bitcoin in a tweet earlier this week, after many had asked him whether he supported the asset and any of the alternative coins. “Of course I do,” he replied. “I hate how central banks are destroying our money and...

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Over $1B Worth of ETH Burned in the Aftermath of Ethereum’s London Upgrade

Following the implementation of the long-anticipated Ethereum’s London hard fork on August 5, 2021, fresh data shows that more than a billion dollars worth of ETH has become unusable through a burn mechanism. Over 300k ETH Burned According to Dune Analytics, a total of 303,681.05 Ether, which is worth $1.032 billion at the time of writing, that was originally designed to be rewarded to miners as part of fees, has been burned in less than two months since the last network...

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South Korea to Delay Cryptocurrency Taxation Laws: Report

The ruling Democratic Party of South Korea intends to delay the upcoming taxation policy of digital assets. According to the officials, taxing bitcoin and altcoin investors still lacks proper infrastructure. Delaying The Crypto Taxation The Democratic Party of South Korea has objections in regards to the upcoming law that plans to start taxing gains made from cryptocurrency investments. According to a recent report, they have even passed a bill that could suspend the...

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Financial Institutions Are Coming Big Time for Bitcoin and Crypto, Says Binance CEO

Changpeng Zhao – Chief Executive Officer at Binance – opined that a growing number of traditional monetary institutions had turned their sight into cryptocurrencies recently, especially bitcoin. He also mentioned that the trading platform would change its structure to comply with the regulatory requirements. Financial Institutions Are Flocking into BTC In a recent interview for The South China Morning Post, Changpeng Zhao – Founder and CEO of Binance – shared his views on the...

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Venture Firm Raises $350 Million to Double Down on Its Cryptocurrency Involvement

Jump Capital – a Chigaco-based venture capital firm – decided to expand its cryptocurrency engagement by closing its latest fund at $350 million. The company has made 30 investments in the digital asset space in 2021 alone. Jump Capital’s Seventh Fundraise The American venture capital firm – Jump Capital – closed its largest fundraising round to date – $350 million. By doing so, the company intends to invest in cryptocurrency sectors like Web 3.0, DeFi, and blockchain and...

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Fidelity Urges The SEC to Greenlight Its Bitcoin ETF Application

The American financial services corporation – Fidelity Investments – urged the U.S. Securities and Exchange Commission (SEC) to approve its Bitcoin exchange-traded fund. According to the company, the regulator should allow the initiative as investors’ demand for digital assets has significantly increased recently. Looking for The SEC’s Approval According to a recent filing, the multinational investment management giant – Fidelity Investments – pressured the U.S. Securities...

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Despite The Pressure from Coinbase, Estonia Would Not Open Its Doors for Bitcoin Yet

The Prime Minister of Estonia – Kaja Kallas – opined that the country should be very cautious about employing cryptocurrencies in its economic system. She added that even one of the leading digital asset exchanges – Coinbase – urged the government of the small Baltic nation to make Bitcoin legal tender. As of the moment, though, Kallas does not feel “positive about this.” Following El Salvador’s Move Is Not on The Horizon The recently elected Prime Minister of Estonia – Kaja...

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