Tag Archives: AA News

Changpeng Zhao, founder and former CEO of the world’s largest crypto exchange, Binance, has decided to donate tokens he received from anonymous market participants to victims of the Test (TST) and Broccoli meme coin projects. The prominent crypto figure clarified that while he has decided to help victims of TST and Broccoli, his actions should not be interpreted as an endorsement for any of the tokens. What Led to CZ’s Donations? On February 15, a pseudonymous Chinese...

Chainlink’s (LINK) sharp 40% decline over the past month now raises questions about a potential rebound. The downturn coincides with a network contraction, indicating reduced activity. The token is currently trading at a little over $18. However, certain factors signal that a rebound might just be on the horizon. Comeback For LINK According to the latest findings by popular crypto analyst Ali Martinez, the MVRV Ratio, which measures trader profitability, reveals that those...

The US arm of the world’s largest cryptocurrency exchange has restarted all USD-based services for local investors after a nearly three-year hiatus. The announcement, shared by the company earlier today, indicates that the services are operational as of February 19 and will be gradually rolled out to “all eligible customers in the coming days.” The list of features to be available for US-based clients includes deposits and withdrawals in the greenback by linking a bank...

Bubblemaps, in collaboration with popular YouTuber Stephen Findeisen a.k.a. Coffeezilla, has identified pseudonymous crypto trader Naseem as the likely account that profited over $100 million trading the official TRUMP meme coin. While the research does not definitively prove Naseem is behind the trading activity, Bubblemaps stated that there are “too many connections to ignore.” Blockchain Clues or Insider Edge? According to Bubblemaps’ update, an address labeled 6QSc2...

Richard Schueler, widely known as Richard Heart, the founder of Hex cryptocurrency, has been placed on Interpol’s global wanted list through a Red Notice. Issued at the request of Finnish authorities, it follows allegations of tax fraud and assault in the country. Tax Fraud and Assault Charges The Red Notice is a formal request to law enforcement agencies worldwide to locate and provisionally arrest an individual pending extradition, surrender, or similar legal actions....

Last week saw $308 million in inflows into digital asset investment products, although this was overshadowed by a major outflow of $576 million on December 19th. The last two days of the week saw total outflows of $1 billion. The recent price declines led to a $17.7 billion drop in the total assets under management (AuM) for Digital Asset ETPs, which is likely influenced by the hawkish stance of the Federal Reserve’s dot plot published on Wednesday. Bitcoin Posts Strong...

Corporate Bitcoin investor MicroStrategy has announced a Special Meeting of Shareholders to address proposals that aim to advance its Bitcoin-focused 21/21 Plan while simultaneously streamlining capital-raising efforts. In a letter from the Executive Chairman, the company outlined three major agenda items to be decided during the meeting, which will be conducted virtually. MicroStrategy’s New Proposals The first proposal seeks to amend the company’s Second Restated...

The Russian government has extended its winter ban on local crypto mining operations to six years as energy consumption in the country rises to alarming levels. About a month ago, the government ordered crypto mining entities to pause their operations for the winter season. However, the ban has now been extended. According to a report from local media Tass, the Russian Cabinet of Ministers has banned crypto mining, including local participation in mining pools, in select...

Litecoin has had an impressive rally this year, surging by almost 50%. The latest market crash, however, briefly dragged the altcoin below $87. The selling pressure has since subsided as Litecoin currently trades above $107. Underpinning its price trajectory is the strong network growth. Litecoin Network Engagement Soars Litecoin’s network activity has witnessed a notable surge. In fact, data compiled by IntoTheBlock revealed that the average daily active addresses rose to...

After a 9.8% drop in Bitcoin’s value over the past week, investors are showing signs of caution, worried about the potential for further declines. Despite this, Japan-based Metaplanet has reaffirmed its confidence by buying nearly 620 BTC. Interestingly, the latest acquisition marks its largest Bitcoin purchase to date. Metaplanet’s Largest Single BTC Acquisition According to the company’s official press release, the acquisition, executed as part of its Bitcoin Treasury...