Category: AA News

Bitcoin Miner Revenues Surpass Ethereum for the First Time in a Year: Report

Bitcoin Miner Revenues Surpass Ethereum for the First Time in a Year: Report

For the first time in almost a year, revenues for Bitcoin (BTC) miners surpassed those of Ethereum (ETH) in June. But even then, both digital assets have shown dwindling profit margins owing to the prevailing crypto winter. According to a July 5 report by Binance, last month, Bitcoin miners generated $656.47 million. Meanwhile, Ethereum miners […]

Continue Reading

Circle Taps New York Community Bank as its Latest Custodian for USDC Reserves

Circle Taps New York Community Bank as its Latest Custodian for USDC Reserves

Circle has tapped a New York state-based community bank as its latest custodial provider for USDC reserves. The move reflects Circle’s strategy to deepen partnerships with Community Banks across the U.S., attempting to make payments more inclusive to underserved communities. Under the new agreement, New York Community Bancorp’s bank subsidiary, New York Community Bank, will […]

Continue Reading

US Millennials Own More Crypto Than Mutual Funds: Survey

US Millennials Own More Crypto Than Mutual Funds: Survey

According to a research conducted by the investing firm Alto, 40% of the American millennials (those aged 26-41) hold cryptocurrencies. Nearly the same share of people own individual stocks, the survey estimated. Millennials and Their Affinity for Crypto The poll further informed that more US millennials had distributed some of their wealth into crypto than […]

Continue Reading

US and UK Set to Team Up Regulating Cryptocurrencies

US and UK Set to Team Up Regulating Cryptocurrencies

Her Majesty’s Treasury hosted the regulatory pillar of the US-UK Financial Innovation Partnership with its counterpart, the US Treasury Department, on Jun 29th. Both parties acknowledged the importance of teaming up to support safe innovation and strengthen regulatory outcomes for digital assets across jurisdictions. On Stablecoins According to the joint statement issued, top domestic watchdogs […]

Continue Reading

DNS Hijack Compromised Ankr’s Services for Polygon and Fantom

DNS Hijack Compromised Ankr’s Services for Polygon and Fantom

Web3 infrastructure firm Ankr is known for offering node endpoints, staking services, and other products to proof-of-stake blockchains. On Friday, a hacker forfeited a scam-like pop-up on Polygon and Fantom network by hijacking Ankr’s domain name system (DNS) to steal users’ seed phases. The project soon recovered the human-made errors and stated that no funds […]

Continue Reading

3AC Files for Bankruptcy as Voyager Digital Suspends Withdrawals

3AC Files for Bankruptcy as Voyager Digital Suspends Withdrawals

A Chapter 15 bankruptcy is a move that protects a firm’s U.S. assets while liquidation is carried out in the British Virgin Islands. Additionally, it prevents creditors from seizing assets in the United States and is applicable for insolvency proceedings involving more than one country. According to Bloomberg, three representatives of the Singapore-based crypto hedge […]

Continue Reading

DOJ Indicts 6 People in 4 Crypto Scams Including Baller Ape NFT Rug-Pull    

DOJ Indicts 6 People in 4 Crypto Scams Including Baller Ape NFT Rug-Pull   

The US Department of Justice (DOJ) has indicted 6 people in 4 different cases of cryptocurrency frauds, including Baller Ape NFT rug-pull, worth nearly $130 million. Baller Ape NFT Scam According to a release from the agency, Vietnamese national Le Anh Tuan, 26, pulled down the website and fled with investors’ money after the first-day public […]

Continue Reading

Coinbase Seeks Further Expansion Into Europe Amid Crypto Bear Market

Coinbase Seeks Further Expansion Into Europe Amid Crypto Bear Market

The U.S.-based cryptocurrency exchange giant Coinbase is looking to gain regulatory approval in more European countries as a way to expand its presence in the region. Strengthening European Presence Nana Murugesan, Coinbase’s vice president of international and business development, revealed that the crypto company is targeting Italy, France, Spain, Switzerland, and the Netherlands to set […]

Continue Reading

CFTC Handles its Biggest Bitcoin-Related Fraud Scheme Worth $1.7 Billion

CFTC Handles its Biggest Bitcoin-Related Fraud Scheme Worth $1.7 Billion

The Commodity Futures Trading Commission (CFTC), a U.S. federal regulatory agency, charged a South African citizen and a global foreign currency commodity pool with alleged fraud and registration violations worth nearly $2 billion in BTC. Fraudulent Scheme Raked in $1.7 Billion in Bitcoin According to a press release on Thursday (June 30, 2022), the CFTC […]

Continue Reading

EU Agrees on Hard-Hitting Crypto Regulatory Framework 

EU Agrees on Hard-Hitting Crypto Regulatory Framework 

On June 30, European Union policymakers hammered out an agreement on what will become the first major regulatory framework for the cryptocurrency industry. The Markets in Crypto-Assets (MiCA) legislation will make things more challenging for crypto exchanges and stablecoin issuers operating in Europe. Under the new regulations, stablecoin issuers such as Tether and Circle will […]

Continue Reading