Tag Archives: AA News

Following last year’s stablecoin implosion, international leaders have emphasized the importance of setting up global regulations and norms for this sector. Despite such calls, only a few have taken concrete steps to enact these measures. In contrast, Singapore’s central bank has taken a proactive approach by introducing a structured framework, outlining various prerequisites, aiming to bring transparency to stablecoin issuers and their operations. Singapore’s Stablecoin...

Web3 decentralized domains service provider – Ethereum Name Service (ENS) – raked in $235,000 in fees on August 13. The figure is the highest since September 11, 2022. Over the past couple of years, ENS has stood as a mainstay within the Web3 realm, enabling individuals to generate easily understandable domain names and wallet addresses for cryptocurrencies. According to data from Arkham Intelligence’s dashboard, ENS DAO (0xFe…44b7) holds more than $132.4 million in assets,...

Binance filed a motion requesting a protective order against the US Securities and Exchange Commission (SEC), claiming the regulator is conducting a “fishing expedition” instead of seeking the narrow and “limited” discovery authorized by the Consent Order to ensure the security and availability of customer assets. The motion asserts that Binance has already provided the SEC with the necessary information. Binance Sees Protective Order Against SEC According to the filing,...

Bitcoin has tapped a new all-time high against the Argentine peso, shortly after a Bitcoin-supportive presidential candidate came first in the nation’s primary elections. The asset now trades for $10,258,244.60 ARS, up 21% over the past 5 days. Pressure on the Peso Compared to the US dollar, Bitcoin has performed remarkably well against the peso over time given that the latter currency’s persistently high inflation. Last month, the nation’s annual inflation rate skyrocketed...

Investment products for XRP, the native crypto asset of the Ripple network, have recorded the 16th consecutive week of institutional inflows since the start of 2023. According to data analyzed by CoinShares in its latest Digital Asset Fund Flows Weekly Report, XRP saw $0.5 million in inflows during the past week. XRP Sees Inflows for the 16th Week CoinShares found that digital asset investment products saw inflows of $29 million following three weeks of outflows. Bitcoin...

Chainlink has expanded its integrations to a total of 12 by tapping the Coinbase-incubated layer-2 network Base. According to a recent update, Base joins the likes of Ethereum, Arbitrum, Avalanche, BNB Chain, and Polygon, among other projects. The decentralized oracle network had first announced implementing its price feeds into Base a day before the latter’s mainnet launch. The integration essentially enabled developers building on the layer-2 blockchain to access Chainlink...

Crypto fund inflows are running positive again after a three-week lull period, with the vast majority of capital rushing into Bitcoin (BTC). The renewed interest follows the release of inflation figures for July, which came in slightly better than expectations. Bitcoin Funds Back In Profit According to CoinShares’ weekly digital asset flows report, inflows to crypto funds totaled $28.5 million last week, with $27 million heading into Bitcoin. This follows a three-week period...

Javier Milei – a 52-year-old Argentine politician, businessman, and economist – collected the most votes in the country’s primary presidential elections. The leader of the political coalition La Libertad Avanza (Freedom Advances) is a keen advocate of bitcoin and a fierce opponent of the central bank. He has also gained popularity due to a crypto scandal involving the dubious digital asset platform called CoinX. Milei advertised the entity on his Instagram account in December...

Fidelity recently asked its X followers to choose a new bill denomination. Two hours later, more than half the answers were cryptocurrencies. It’s another sign of crypto’s ascendance in the global economy. The trillion-dollar multinational finance company wanted to know what new bill denomination their social media followers would come up with: You get to choose a new bill denomination (don’t ask, just roll with it). What are you choosing, and why? — Fidelity Investments...

Jan Hatzius and David Mericle – economists at the banking giant Goldman Sachs – predicted that the US Federal Reserve will start lowering interest rates from the second quarter of 2024.  Many experts have previously suggested that such a pivot could boost investor interest in risk-on assets, including stocks, commodities, and cryptocurrencies.  Still Uncertain About the Pace According to Hatzius and Mericle, the US central bank – the Federal Reserve – will start a gradual...