Tag Archives: AA News

Alex Thorn, the Head of Research at Galaxy Research, speculated that the SEC could differentiate between Ethereum (ETH) and staked Ether, possibly classifying the latter as a security. He noted that this distinction could provide a regulatory loophole for approving spot Ethereum ETFs. Spot Ethereum ETF Approval Loophole In a May 21 post on X, he stated, “If the speculation about a 180 from SEC on the Ethereum ETFs is true, I would guess they try to thread a needle between...

Bitwise executives have secret information about massive financial players who are investing in BTC – but they won’t specify which ones. During an interview published on Tuesday, Bitwise CEO Hunter Horsley discussed how institutional and regulatory acceptance of Bitcoin as an investable asset is evolving faster behind the scenes than most realize. The Secret Bitcoin Buyers For one, Horsley confirmed what he’d hinted at in a previous tweet: that a certain nation’s sovereign...

U.S. Bankruptcy Judge Sean Lane approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return approximately $3 billion in cash and crypto to its creditors. This ruling means that its parent company, Digital Currency Group (DCG), will not recover anything from the bankruptcy proceedings. DCG Left with No Recovery Judge Lane’s ruling comes after overruling an objection from DCG, which argued that the repayment to Genesis’...

As the reaccumulation phase of this cycle stretches on, Litecoin whales have tapped into the spree, refusing to be left out. Data from crypto market intelligence platform IntoTheBlock revealed that LTC’s largest investors accumulated more than 2.75 million litecoins in the past 30 days, indicating significant activity. LItecoin Whales Accumulate 2.7M LTC The tweet by IntoTheBlock disclosed that addresses linked to Litecoin whales recorded their largest daily inflow since...

Ether (ETH) surged 10% on Monday in the span of a few minutes following credible rumors that the asset could receive its own spot ETF in the United States within days. ETH traded for $3150 on Monday at 17:44 UTC, before surging to $3450 within 25 minutes. This followed a tweet from Bloomberg ETF analyst Eric Balchunas at 17:20 UTC that he and his partner, James Seyffart, were upping their odds of ETH ETH approval this month from 25% to 75%. “Hearing chatter this afternoon...

A UK judge has officially ruled that Craig Wright is guilty of forgery “on a grand scale” following the computer scientist’s decisive court loss in March. In a written judgment published on Monday, High Court Justice James Mellor said Wright lied “extensively and repeatedly” in court to support his “biggest lie” – his claim to be Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Wright’s Overwhelming Forgeries “Dr. Wright presents himself as an extremely clever person,” wrote...

American broadcaster and Bitcoin proponent Max Keiser believes the stablecoin issuer Tether and El Salvador, as well as the declining United States dollar (USD), will push BTC’s price to $220,000 in no distant time. In a Saturday tweet, Keiser said the USD is doomed because inflation will “sky harder,” while this happens, BTC will be well on its way to $220,000. The USD Is “F****d” In comments sent to CryptoPotato, Keiser explained that Tether’s stablecoin business is...

A confidential United Nations report obtained by Reuters reveals that North Korea’s notorious cybercriminal group known as the Lazarus Group transferred millions of stash of stolen cryptocurrency back to the Asian country last year. In March 2023, these North Korean hackers illicitly took $147.5 million worth of cryptocurrency from HTX, a crypto exchange owned by TRON founder Justin Sun. A year later, they funneled the funds into the isolated nation using the sanctioned...

Ontario’s self-styled ‘Crypto King,’ Aiden Pleterski, was arrested and accused of fraud and money laundering related to an alleged Ponzi scheme following one of the most extensive fraud investigations the region has witnessed. The 25-year-old, along with his associate, 27-year-old Colin Murphy, allegedly stole approximately $30 million from unsuspecting victims. Crypto King’s Arrest The charges stem from a 16-month investigation known as ‘Project Swan’ conducted by Canadian...

Two siblings who attended the Massachusetts Institute of Technology (MIT) are now facing allegations of exploiting a vulnerability in the Ethereum blockchain. The duo reportedly swindled $25 million within 12 seconds, which the prosecutors labeled as a first-of-its-kind caper. If convicted, both of them could potentially serve sentences exceeding 20 years in prison. Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are facing federal charges in Manhattan for fraud and...