Tag Archives: AA News

The hacks and exploits on DeFi projects continue, and the latest victim to fall is the decentralized exchange platform – DODO. The attack targeted several V2 Crowdpools, and the stolen amount could go as high as $3.8 million.DODO Victimized by HackersThe decentralized finance sector is no stranger to malicious attacks and harmful exploits. The decentralized exchange and liquidity provider DODO is the latest to join the growing number of victims.As the first complaints occurred on Twitter, the...

The SEC lawsuit against Ripple Labs continues to harm the payment processor as the company has officially ended its relationship with the international money transfer provider – MoneyGram. Nevertheless, Ripple hopes to revisit the relationship in the future, especially if it prevails against the Commission. CryptoPotato reported in late December 2020 that the US Securities and Exchange Commission brought charges against the blockchain-based payment processor and its executives for conducting...

The leading payment processor, PayPal, announced today that it has agreed to purchase the digital asset custody company, Curv. It said that it will complete the acquisition in the first quarter of the year.Rumors Confirmed True As PayPal Acquire CurvReports surfaced last week that PayPal was planning to acquire cryptocurrency security firm, Curv. There were no concrete evidence to buttress the claims, but the leading payment giants have now made it official via a press release today.The...

With the impending legal battle between the SEC and Ripple, the CEO of the payment processor said that XRP will endure even if the company doesn’t.Simultaneously, Jesse Powell, the CEO of the veteran US exchange, Kraken, believes that offering XRP trading carries “huge asymmetrical risk.”XRP Will Endure, Says Ripple CEOEver since the US Securities and Exchange Commission brought charges against Ripple for conducting an unregistered security offering, the company’s executives have tried to...

Dogecoin has become the center of attention of famous individuals once again. Mark Cuban said that his NBA team had become the largest DOGE merchant, Elon Musk made an electronic-god reference, while John McAfee used its growing popularity to defend his alleged pump and dump schemes.McAfee Touted DOGE Before MuskThe love story between the CEO of Tesla and SpaceX and the popular meme coin is well-known within the cryptocurrency space. Musk has outlined his support for the asset on multiple...

Yet another Bitcoin ETF is to reach the markets in Canada as the country’s securities regulator has issued “a receipt for the final prospectus” for CI Global Asset Management’s application. Dubbed CI Galaxy Bitcoin ETF (BTCX), it’s expected to launch on the Toronto Stock Exchange (TSX) on March 9th, and Mike Novogratz’ Galaxy Digital Capital Management will act as the sub-advisor. Founded in 1965, CI Global Asset Management is an asset manager with over $180 billion in AUM as of January 2021....

The institutional bitcoin frenzy continues to spread like an epidemic. After several United States mega corporations added the digital currency to their balance sheet, the floodgates have been opened to major institutions across the world. Norwegian holding company Aker ASA said today that it will establish a new unit dedicated to bitcoin investment and the digital asset’s underlying technology.Miss Out? “No Way”!Asian smartphone giants, Meitu yesterday joined the league of institutional...

The hype around non-fungible tokens (NFTs) continues to escalate as demand for primary sales is only growing higher.The last manifestation of this was earlier during the BossLogic NFT drop that took place on the OpenSea marketplace, causing it to essentially crash under the high traffic.OpenSea Crashes as Traffic SurgesOpenSea, touted as the largest NFT marketplace crashed last night under a serious surge in traffic caused by an NFT drop.The platform took it to Twitter to explain what...

India’s Finance Minister told CNBC that the country’s reserve bank is not shutting out cryptocurrencies entirely. She said that while the Reserve Bank of India will decide which unofficial cryptocurrencies will be used and regulated, there will be “a window for experiments” in the industry.New Lease Of Life For Bitcoin In IndiaIndia’s minister of finance, Nirmala Sitharaman, spoke briefly on the country’s standpoint on digital assets in a CNBC virtual townhall. She said that several...

Chinese tech company Meitu has announced a massive purchase of 380 BTC and 15,000 ETH, representing an entry of about 40M USD, as of writing these lines, into the cryptocurrency market.This came just one month after tech mogul Elon Musk, the founder of Tesla, announced that the company would be purchasing 1.5B USD worth of Bitcoin.Although a large Hong Kong-listed firm publicly buying Bitcoin is undoubtedly noteworthy in and of itself, it’s interesting to note Meitu founder Cai Wensheng’s...