Tag Archives: AA News

Johann Steynberg, a South African known for running the multi-million dollar Ponzi scam Mirror Trading International (MTI), was recently arrested in Brazil. This would be yet another large-scale arrest for the country. A few months ago, Claudio Oliveira of the Bitcoin Banco group was also put behind bars for the disappearance of 7,000 Bitcoin from his investors in 2019. Brazil Scores Another Point Against Crypto Scams Johann Steynberg managed to fraud thousands of people all...

The United Kingdom government backed Hedera and Neuron Innovation as the duo conducted a trial on the drone data collation and storage using a public ledger consensus. Hedera Network Used to Track Drones Neuron Innovation, a London-based aviation company, has conducted a drone data collection trial sponsored by the government of the United Kingdom. The test was made possible using a public ledger consensus protocol developed by Hedera. The collaboration between Hedera and...

A recent report by Electric Capital Developer shows that more developers are getting involved in the decentralized technology space. The 2021 paper shows that $100 billion worth of smart contracts has been locked in Web.3.0 project platforms. $100 Billion Controlled by 1,000 Developers DeFi projects which rarely record remarkable success are also among the focus of the study. Among the most intriguing aspect of the data leads to some centralization, as the majority of the...

Amid crashing crypto prices after the bull run in October and November 2021, US SEC data reveals that Coinbase executives have been on a selling spree over the past three months. Overall, the insiders dumped more than $90 million worth of COIN. COIN Sell-off By Executives According to a recent filing with the SEC, Coinbase co-founder Fred Ehrsam and Chief Product Officer Surojit Chatterjee together sold COIN stocks worth over $40 million in December 2021. Ehrsam and...

One of the world’s biggest tennis tournaments – the Australian Open (AO) – is entering both the NFT and Metaverse side of the cryptocurrency industry. This year’s championship will also be held in Decentraland — a leading virtual reality platform. At the same time, fans will be able to participate further by buying non-fungible tokens linked to live match data. AO Dives into the Metaverse As Omicron cases in Australia surge, the organizers of the Australian Open decided to...

Andreessen Horowitz – a leading venture capital firm and a prominent investor in the cryptocurrency space – has raised a fresh $9 billion to further its involvement in the growing industry. Andreessen Horowitz (a16z) is amongst the leading venture capital companies investing in all sorts of crypto and tech-related projects. According to a recent announcement, the firm has raised a fresh $ billion “to invest via our Venture, Growth, and Bio Funds.” Out of the total number,...

China’s leading messaging application – WeChat Pay – will reportedly begin supporting the e-CNY. The app has more than one billion users, meaning the initiative could significantly boost the distribution of the digital yuan. WeChat Adopts Digital Yuan Payments According to a recent CNBC report, WeChat Pay – a multi-purpose messaging and mobile payment app – will begin supporting digital yuan settlements. The company’s move is expected to rapidly increase the number of...

Spanish politician and deputy of the Ciudadanos in the country’s Congress, María Muñoz, has proposed the creation of a national strategy to attract Bitcoin miners and other crypto-related activities following the protests in Kazakhstan. María Muñoz took it to Twitter yesterday to bring up a proposition where Spain positions itself as a future Bitcoin mining hub.  The protests in Kazakhstan have repercussions all over the world, also for Bitcoin. We propose that Spain...

Steven Galanis, the CEO of the leading marketplace for personalized video shoutouts – Cameo – joined the NFT world by purchasing a Bored Ape Yacht Club art for 100 ETH. At the same time, Migos’ Takeoff said he bought a Mutant Ape Yacht Club NFT. After the stellar 2021 NFTs had, specific projects from the industry continue to attract business people and celebrities in 2022 who allocate funds to digital arts and even update their Twitter profile picture to include them. BYAC is...

Prominent crypto investor Katie Haun is reportedly planning to raise a whopping $900 million for a pair of cryptocurrency investment funds. This could be a significantly large debut for a new venture capital firm. Katie Haun’s High Target for First Venture Firm Haun, who is set to depart as a partner at Andreesen Horowitz (a16z), has high targets for her new venture firm, according to Financial Times. The investor has doubled down on a $300 million early investment fund...