Tag Archives: AA News

MicroStrategy has proposed a new Bitcoin-based strategy for combatting online spam – though Bitcoiners are skeptical as to whether it’s a good idea. During the annual MicroStrategy World conference on Wednesday, the company’s executive chairman Michael Saylor unveiled “MicroStrategy Orange” – an open-source decentralized identity solution built on Bitcoin. What is MicroStrategy Orange? MicroStrategy described their technology as an “enterprise-grade platform for implementing...

Aave Labs, the team behind the DeFi lending platform Aave, has proposed a slew of major upgrades and expansions two years after introducing its V3. The suggested improvements include Aave V4, Aave Network, a Cross-Chain Liquidity Layer, non-EVM L1 deployments, and a fresh visual identity. Aave V4 According to the latest blog post, Aave V4 will be built with a brand-new architecture featuring an efficient and modular design while aiming to minimize disruptions to third-party...

The largest American cryptocurrency exchange, Coinbase, has added support for the Lightning Network on its platform to enable faster and cheaper payments. According to a blog post, the Lightning Network integration on Coinbase will reduce the cost of sending bitcoin (BTC) globally by 20x compared to the 2% charged on United States credit card transactions and the $30 paid for wire transfers. Coinbase Integrates Lightning Network Coinbase’s Lightning Network integration was...

The United States Department of Justice (DOJ) has charged and arrested Roger Ver, an early BTC investor known as Bitcoin Jesus, for evading taxes of up to $50 million. According to an official release, the DOJ unsealed the indictment against Ver on April 29 and ordered his arrest in Spain during the weekend. U.S. DOJ Charges Ver for Tax Evasion The DOJ’s indictment accused Ver of filing false tax returns, committing mail fraud and tax evasion between 2011 and 2017 through his...

The crypto market has faced a massive correction over the past month – and new investors are proving incapable of stomaching the volatility. Blockchain data show that 2024 Bitcoin buyers, who entered a raging early-year bull market in which Bitcoin (BTC) surged to a new all-time high, are now panic selling at a loss as the asset’s price reverses course. Paper Hands Bitcoin Buyers According to Glassnode, on-chain “realized losses” have surged over the past two months during...

The Federal Reserve decided to maintain its benchmark interest rate of 5.25%% to 5.5% at the highly anticipated Federal Open Market Committee Meeting (FOMC) on Wednesday, following a fearsome 6% drawdown in Bitcoin’s price earlier that day. Within five minutes of the announcement, Bitcoin’s price rose from $57,300 to $57,700 Per a press release, the central bank said it also plans to slow down the rate at which it sells US Treasury securities starting in June, reducing its...

Binance founder and former CEO – Changpeng Zhao a.k.a CZ – received a four-month prison sentence after pleading guilty to violating US anti-money laundering laws at the world’s largest cryptocurrency exchange. In the first tweet following the sentencing, CZ revealed his intention to remain a passive investor and holder in the crypto industry while simultaneously highlighting the importance of compliance in the industry. CZ Reacts In his final tweet before beginning his...

On April 30, Ripple announced a partnership with HashKey Group, furthering its collaboration with financial services giant SBI Group. The joint venture with HashKey DX, a Tokyo-based specialized consulting company of the HashKey Group, aims to introduce XRP Ledger (XRPL) enterprise solutions to the Japanese market. HashKey DX will deploy supply chain finance solutions to Japan through the partnership, which was highlighted by company CEO Brad Garlinghouse in a post on X....

A griefing attack on the Bitcoin testnet recently caused a surge in network activity, resulting in the generation of over 165,000 blocks, equivalent to three years’ worth of blocks in just one week. The attacker, Jameson Lopp, co-founder and Chief Security Officer of Casa, publicly took credit for the incident, facing backlash from other Bitcoin developers. Lopp Defends Attack as ‘Trivial Exploit’ Speaking on the decentralized social media platform Nostr, Lopp described the...

The trading day continues in an even more painful manner for bitcoin as the primary cryptocurrency took another hit and slumped to its lowest price position in over two months of under $59,300. The altcoins’ situation is worse, with ETH dropping below $3,000, SOL dumping by 8%, and a few double-digit price declines. Bitcoin/Price/Chart. Source: TradingViewIt was just earlier today when the bitcoin bulls had taken charge and initiated an impressive leg up that resulted in the...