Tag Archives: AA News

On Sunday, Loopring, an Ethereum zero-knowledge roll-up protocol, announced a significant security vulnerability attack on its smart wallets, linked to the Loopring Official Guardian. The project is collaborating with security and law enforcement agencies to investigate how the two-factor authentication system was compromised and to track down the cybercriminals. Loopring Official Guardian Exposed In a comprehensive announcement shared on platform X, Loopring disclosed that...

Ahmad Shadid, the founder of the decentralized physical infrastructure network (DePIN) protocol io.net, has announced that he is stepping down as CEO “effective immediately.” He said that despite the allegations against him in the past, his resignation as CEO is to allow io.net to move forward without interference. COO Tory Green Takes Over “Today I am stepping down as the CEO of http://io.net, effective immediately.” Shadid posted to X on June 9. He added that the current...

Regulators will inevitably approve a Dogecoin ETF after both Bitcoin and Ethereum hit US public markets, according to BitMEX co-founder Arthur Hayes. During a Sunday interview alongside Real Vision CEO Raoul Pal, the two investors reviewed their favorite meme coin and crypto picks this cycle, as well as the top risks currently looming over the industry. Why Memecoins Will Keep WInning: Arthur Hayes According to Hayes, meme coins still have plenty of runway this cycle, with...

UwU Lend, a decentralized lending platform, has become the latest victim of a malicious hack. According to the blockchain security firm, Arkham, the lending protocol saw $19.3 million stolen by bad actors. Although the cause of the hack is yet to be identified, some users claim that the project’s founder is the one behind the attack. UwU Lend Loses $19.3M UwU Lend was forked from the open-source codes for AAVE v2, an Ethereum-based lending protocol. It offers a cohort of...

Ethereum witnessed its strongest week in terms of capital inflow since March, with total inflows amounting to $69 million over the past week, as per the latest stats by CoinShares. The latest influx can be attributed to the surprise decision by the US Securities and Exchange (SEC) to allow spot Ether ETFs. As a result, Ethereum’s YTD inflows surged to almost $81 million. The improvement in investment products based on Ethereum had a significant impact on other digital asset...

A recent report from blockchain intelligence firm Elliptic titled “AI-enabled crime in the cryptoasset ecosystem” has shed light on the emerging threats posed by artificial intelligence (AI) in cryptocurrency crime. The report, supported by case studies, identifies five emerging types of AI-enabled crimes, ranging from deepfake scams to state-sponsored cyberattacks, emphasizing that these threats are still in their infancy. AI Deepfake Scams AI, while having the potential to...

Juan Tacuri, 46, of Greenacres, Florida, a senior promoter behind the Forcount cryptocurrency Ponzi scheme, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme, which reaped $8.4 million from primarily Spanish-speaking investors, has been described as one of the more shocking frauds targeting vulnerable communities. Forcount Promoter Juan Tacuri’s Guilty Plea Damian Williams, the United States Attorney for the Southern...

Family offices, known for their entrepreneurial spirit, are embracing new investment opportunities. Though cryptocurrencies account for 5% of portfolios, an allocation that would have been unthinkable a decade ago, they remain strikingly split over the role of the asset class. According to the recently published 2024 BNY Mellon Wealth Management Study, approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering them,...

Analysts at market intelligence platform CryptoQuant have identified a surge in demand for bitcoin (BTC) from large investors and permanent holders. While this could mean many things for the crypto industry, it is deemed a positive sign per the laws of demand and supply. In the latest CryptoQuant weekly report, market experts said that accelerating BTC demand growth is necessary for a sustainable price rally. Hence, BTC may soon witness a substantial increase in prices....

“It is only a matter of time until Bitcoin makes a new all-time high,” said 10x Research CEO Markus Thielen in a note on June 7. The analyst has observed a “head and shoulders” chart pattern, which is nearing completion. This could result in a “rally towards 83,000 soon,” he said, predicting that this may occur within the next week if resistance is broken. However, bitcoin did hit resistance and retreated to just over $69,000 on June 7. Nevertheless, the analyst remains...