Tag Archives: AA News

Ethereum, alongside the rest of the crypto market, experienced a notable resurgence in the past several weeks, with its price jumping to a 19-month peak at $2,400. This comes amid growing anticipation regarding the approval of a spot ETH ETF in the States. However, the second-largest blockchain network has not seen its user count increase, which leads to the question of whether ETH’s price will climb further should that change. No New Users for Ethereum As mentioned above,...

The Starknet Foundation – the organization behind the Ethereum Layer 2 network Starknet – announced plans to allocate over 1.8 billion STRK tokens across multiple initiatives soon. The move is aimed at driving the adoption and growth of the Starknet blockchain. Allocation of 1.8 Billion STRK Tokens According to the official announcement, 900 million STRK has been allocated to the Provisions Committee to distribute ownership of the network’s native token and to reward past and...

Despite Bitcoin (BTC)’s stellar performance this year, its role in an average investor’s portfolio is still questionable, according to Bloomberg. In an opinion piece published for the outlet on Friday, financial analyst and crypto advisory expert Aaron Brown said the asset’s dubious correlations to traditional asset classes leave it out of place when bought alongside stocks, currencies, or gold. Is Bitcoin’s Volatility A Good Thing? BTC is up 160% since the start of the year,...

Bybit and OKX have achieved record highs in their combined Derivatives market share. According to the latest Exchange Review by CCData, Bybit now holds an aggregated market share of 11.94%, while OKX dominates with 20.2%, totaling over 32% in November. This surge in market share comes when industry giant Binance is experiencing a decline in its dominance despite an overall increase in trading volumes. Binance Leads in Derivatives Volume as OKX, Bybit Show Growth November has...

LayerZero Labs has announced in a recent post on X that it plans to launch its own token in the first half of 2024. This announcement was made following months of community speculation and discussion about the potential creation of a LayerZero token. LayerZero Announces ZRO Token Launch With $3M Airdrop “We’ve heard the community discussion over the last few months and the lack of clear communication around this. We’ll state now in no uncertain terms that there will be a...

Conversations about launching spot Bitcoin exchange-traded funds (ETFs) in the United States have moved to advanced stages, Reuters reported Thursday, citing unnamed sources. According to the report, the U.S. Securities and Exchange Commission (SEC) has begun to ask potential spot Bitcoin ETF issuers detailed and technical questions about the products, a move the sources said indicated that the regulator might soon approve their pending applications. U.S. Spot Bitcoin ETF...

Five months after Ripple’s resounding legal triumph over U.S. regulators, the company’s cryptocurrency has shed virtually all of its former gains against its digital competitors. The XRP/BTC price ratio has returned to its level from prior to July 13, after which XRP rallied against the market’s leading crypto asset by ~80% within a week. Back To Reality For XRP In mid-July, U.S. district Judge Analisa Torres ruled that XRP sales on the secondary market did not constitute...

The government of El Salvador has teamed up with stablecoin issuer Tether to launch the “Adopting El Salvador Freedom Visa Program,” designed to benefit the economy, the culture, and the people of the nation. This new citizenship-by-investment initiative offers a residency visa and a route to citizenship for 1,000 individuals who are prepared to make a significant $1 million investment in Bitcoin within the country. El Salvador’s Citizenship Program Applicants are required to...

Jack Dorsey’s Block has announced the full, global rollout of Bitkey – the firm’s self-custodial Bitcoin (BTC) wallet – in a bid to encourage HODLers to take full control of their coins. “Move your Bitcoin off the exchanges,” said Dorsey via X (formerly Twitter) on Thursday, attaching a link to Bitkey’s website which is currently selling the wallets for $150 apiece. Bitkey’s Unique Security Model Per a press release from Block on Thursday, Bitkey’s rollout is available to...

In a strategic move, the popular online brokerage platform Robinhood has announced the launch of its cryptocurrency trading feature in Europe. The platform has intentions to expand its range of tokens and introduce additional features, such as cryptocurrency transfers, staking, and educational rewards, in the year 2024. This development follows Robinhood’s recent expansion plans beyond the United States. Robinhood Launches Crypto Trading App Robinhood’s latest crypto product...