Tag Archives: AA News

.A Republican-led effort to free American banks to provide crypto custody services has been shut down by the Democrat-led White House. On Wednesday, the House of Representatives discussed and prepared to vote on House Resolution 109 (H.J. Res. 109), which would strike down prior accounting guidance from regulators to banks planning to offer the service to customers. Hours before the vote began, however, the Biden Administration stated its intention to veto the resolution if...

Binance CEO Richard Teng has advocated for the release of Tigran Gambaryan, head of the crypto exchange’s Financial Crime Compliance team, who has been detained by the Nigerian government for over 70 days. Gambaryan reportedly flew to the country in February for talks on collaborative policy meetings, only to be detained later. This move by the Nigerian authorities has set a dangerous new precedent for all companies worldwide, Teng said in his statement. Arrest of Executives...

A proposal to list and trade shares of prominent asset manager Grayscale’s Ether futures exchange-traded fund (ETF) has been withdrawn, as per a new document filed on Tuesday. The filing by the US Securities and Exchange Commission (SEC) revealed that the application for the Grayscale Ethereum Futures Trust ETF, filed by NYSE Arca, Inc. in September last year, was withdrawn on May 3. Previously, the agency had delayed consideration of Grayscale’s ether futures ETF, with the...

The individual associated with a recent $71 million wallet phishing attack has finally begun transferring the funds to new addresses. The scammer’s wallet remained inactive for the last six days after converting the stolen 1,155 WBTC into around 23,000 ETH. Scammer Transfers Stolen Crypto The bad actor stole Wrapped Bitcoin (WBTC) on May 3 after creating a wallet address closely resembling the victim’s in an “address poisoning” scam. The address featured similar alphanumeric...

Layer 2 networks have witnessed massive activity this year, even as their native tokens slumped amidst intense volatility across the broader market. These solutions have witnessed relatively steady activity since the beginning of the year. However, the latest analysis by IntoTheBlock revealed that Base continues to be the primary attraction for new capital. Investors Flock to Base Over the course of this week, net ETH deposits into the Base have exceeded 6,500 ETH, marking a...

During the ongoing cycle, BTC and ETH have witnessed a growing divergence in their respective performances. According to Glassnode’s findings, this can be attributed to a general trend of weaker capital rotation, particularly in comparison to previous cycles and all-time high breakthroughs. Ethereum Receives Weak Capital Flows Leading up to bitcoin’s peak established on March 14, Glassnode observed a surge in speculative activity. As per its latest on-chain weekly report,...

One of crypto’s most powerful government nemeses believes journalists question him about the burgeoning asset class way more than necessary. Securities and Exchange Commission (SEC) chairman Gary Gensler appeared for a nine-minute interview with CNBC on Wednesday and blamed the host for asking for such an “outsized ratio” of crypto-focused questions. Gensler Is Tired Of Crypto Questions Gensler’s interviewer, Andrew Ross Sorkin, suggested that journalists’ focus on the...

On May 7, the crypto oracle solutions provider announced that RD Technologies was integrating Chainlink CCIP and Proof of Reserve to power its Hong Kong dollar stablecoin. Chainlink’s Cross-Chain Interoperability Protocol will be integrated to enable secure and reliable cross-chain transfers of HKDR and easier access to the new stablecoin. Additionally, the firm is also adopting Chainlink’s Proof of Reserve (PoR) to help provide reliable on-chain verification of HKDR’s...

The hacker behind the attack on cryptocurrency exchange Poloniex in November 2023 recently transferred over 1,100 Ether (ETH) to sanctioned crypto mixer Tornado Cash. The hacker sent the Ether in batches while still holding over $180 million worth of assets across different blockchains. Poloniex Hacker Launders 1,120 ETH According to data from Arkham Intelligence, the Poloniex hacker transferred 100 ETH in 11 batches to Tornado Cash, brining to the total to 1,100 ETH (worth...

Hong Kong’s Bitcoin ETFs experienced their first setback after launching on April 30, following their first cumulative daily BTC outflows on Monday. The outflow came from the China Asset Management Bitcoin ETF, while the other Hong Kong-based products had no flows. Hong Kong ETFs See Modest Inflows According to Farside data, the China AMC Bitcoin ETF saw an outflow of $4.9 million on Monday. In contrast, the other Bitcoin and Ethereum ETFs in Hong Kong reported “zero” flows...