Tag Archives: AA News

Cardano (ADA)’s price flashed a ‘Death Cross’ over the weekend – a bearish technical indicator signaling downward price momentum and a potential incoming tailspin.  This comes two weeks after the U.S. Securities and Exchange Commission (SEC) sued Coinbase, naming ADA as a security in the process. The Death Cross occurs when an asset’s 50-day simple moving average crosses beneath its 200-day moving average.  According to TradingView, nearly all of Cardano’s moving average...

Alibaba Group – a Chinese technology company specializing in e-commerce – announced that Joseph Tsai will replace Daniel Zhang as the entity’s new Chairman.  The Taiwanese-Canadian billionaire businessman is known as an advocate of the cryptocurrency industry, and his name has been involved with several digital asset projects. Recent sources revealed that Blue Pool Capital – an organization that manages the personal wealth of Tsai – participated in two of the funding rounds...

The hawkish approach of the US Securities and Exchange Commission (SEC) has caused many prominent cryptocurrency companies to look abroad. Gemini is amongst them. Gemini, the cryptocurrency exchange led by Tyler and Cameron Winklevoss, has announced plans to expand its headcount in Singapore. The company revealed in a blog post that it plans to increase its Singapore offices to over 100 employees. They also plan to include an engineering base in India as part of the APAC...

The cryptocurrency payments company – Wyre – announced it will cease operations, citing current “market conditions.”  The firm has gone through several ups and downs in the past few years, with its main problems starting in 2023 due to the ongoing uncertainty in the digital asset market.  The San Francisco-based crypto entity said it will no longer provide its services, blaming the current challenging times in the finance sector. The move aims to “protect the best interest of...

One of the leading cryptocurrency exchanges – Crypto.com – was recently rumored to have conducted proprietary trading, whereas some of its teams might have traded assets for profit.  The company rejected the accusations, asserting it has adopted best practices to operate in the industry. Crypto.com Under Fire Five people with direct knowledge of the matter supposedly told Financial Times that the cryptocurrency platform had deployed internal teams to engage in illegal...

ChatGPT has been all the rage since its launch in November 2022, and updates, particularly access to GPT-4 version for ChatGPT Plus paid subscribers, have kept it in the news throughout the period so far.  The AI-powered Chatbot may soon have several additional features, including collaborative and connected workspaces. Additionally, users can upload files along with their questions. These upgrades will make the Chatbot provide more accurate and intelligent responses....

Crypto exchange giant Binance has moved at least nine figures worth of its Bitcoin to a new blockchain address, the company announced on Monday.  The move has not affected the safety of user funds, which remain locked away with Binance in cold storage.  Massive Move From Binance’s Wallet According to data from Blockchain.com, Binance’s new cold storage wallet (as referenced by Binance) received 15,000 BTC at 05:47 am on Monday, worth $399 million.  The transaction included a...

Analysts at American multinational financial services giant JPMorgan said in a report that the Hinman documents released last week in the Securities and Exchange Commission’s legal tussle with the blockchain payments firm Ripple would likely trigger more decentralization in the crypto realm. The research report, seen by CoinDesk, further noted that the documents provide a significant advantage for ether (ETH), the second largest crypto asset by market cap. A Boost for Ether...

Billionaire Twitter co-founder Jack Dorsey plans to allocate more capital to the Bitcoin ecosystem after pledging $5 million to the network’s core developers through his grantmaking organization Start Small. The firm will distribute the funds to the Bitcoin development non-profit, Brink, over the next five years in $1 million annual installments.  According to its website, Brink exists to “support the Bitcoin developer community through funding, education, and mentoring.” ...

An analysis by crypto market data provider Kaiko revealed that USD Coin (USDC) is currently the most liquid stablecoin on centralized exchanges (CEXs), with approximately $38 million bids preventing a .1% price deviation of the asset. USDC’s liquidity is followed by that of Tether (USDT), Binance USD (BUSD), True USD (TUSD), and Dai (DAI). The data compiled by Kaiko includes the .1% bid-side depth across all markets that use USDC as a base asset. USDC – the Most Liquid on...