Tag Archives: AA News

According to the crypto market data provider Kaiko, Bitcoin’s correlation with the S&P 500 Index has dropped to a two-year low at just 3%, highlighting the asset’s increasing independence from traditional finance.  Some experts have argued over the years that such a development could act as a catalyst and push BTC’s price to a new all-time high. As revealed by Kaiko, the last time Bitcoin’s correlation with the S&P 500 Index stood at 3% was in August 2021. ??...

An appeal by the U.S. Securities and Exchange Commission (SEC) against Judge Analisa Torres’ ruling on XRP will affirm the decision, according to Stu Alderoty, the chief legal officer (CLO) of Ripple Labs. During an interview with TechCrunch’s Chain Reaction, Alderoty said the judge’s decision was right as it was a “faithful application of the law.” SEC Appeal to Amplify XRP Ruling Recall that the SEC hinted at a potential appeal to Judge Torres’ decision about a week after...

While Twitter’s sudden rebranding to X has caught many by surprise, it seems Elon Musk has had a radical transformation for the platform in mind for a while. Here’s what we know about how he plans to change the old “Twitter” – and what it might mean for crypto. Baking In Financial Services In a tweet published on Tuesday, Musk said that Twitter was acquired by X Corp. both to accelerate X’s growth and to “ensure freedom of speech,” one of the billionaire’s primary commitments...

Bahrain-headquartered crypto exchange Rain announced receiving the first Financial Services Permission (FSP) from Abu Dhabi Global Market’s Financial Services Regulatory Authority to operate a virtual assets brokerage and custody service. The license would enable Rain to offer institutional and retail clients in the UAE the ability to buy, sell and store digital assets. The brokerage will also allow users to on- and off-ramp to the UAE dirham. Announcing the development, Rain...

The world’s largest cryptocurrency exchange – Binance – will purportedly launch services on its new platform in Japan next month.  The firm pulled out of the Land of the Rising Sun in 2018 after having a major dispute with the local regulators.  Binance’s CEO – Changpeng Zhao (CZ) – has supposedly confirmed the news in a video conference in Tokyo on July 25 (as seen by Bloomberg). The exchange previously announced that it will start operating on the Japanese market after June...

Dogecoin (DOGE) shot up another 10% on Tuesday on greater excitement surrounding Elon Musk’s rebranding of Twitter to “X”. Tuesday’s rise follows a related post on Musk’s Twitter, where the tech mogul appeared to link X to the famous dog meme. Dogecoin and X Musk reposted a nine-second animated graphic of the platform’s new “X” logo. The animation itself was sourced from DogeDesigner – the UX/UI & Graphic Designer at Dogecoin & MyDoge Inc. pic.twitter.com/dxbsqwcYv7...

Bitcoin (BTC)’s supply and demand dynamics suggest that the asset could surge as high as $180,000 by April 2024, according to a research note from Fundstrat on Monday. The forecast – which precedes the U.S. central bank’s next meeting – largely rests on a Bitcoin spot ETF being approved in the United States, which the markets research firm suspects will blow apart BTC’s current price equilibrium. The Impact Of A Bitcoin ETF At present, Fundstrat finds that Bitcoin experiences...

The recently launched Worldcoin human identity verification system elicited mixed reactions among people. While the project deems itself as a privacy-preserving digital identity, many prominent players in the community view the iris scanning process specialized Orb hardware device to be Orwellian. The crypto-focused project, co-founded by OpenAI CEO Sam Altman, has witnessed significant security concerns being raised due to the potential for hackers to exploit it. Slow Mist...

The latest weekly publication of Bitfinex revealed that bitcoin (BTC) balances on centralized exchanges have retraced to levels last seen in January/February 2018. Bitfinex found that the balances have plunged by 32% from the 3.1 million BTC peak in March 2020 to 2.1 million now. At writing time, only 11% of BTC’ circulating supply was found on exchanges, indicating a significant decrease from the 17% recorded in March 2020. Bitcoin Balances on Exchanges Plummet The leading...

The world’s largest country by landmass is set to roll out a digital ruble next week after Russian President Vladimir Putin greenlighted the project on Thursday. The text of the bill amends Russia’s Civil Code to allow the digital ruble to be used for payments, while empowering Russia’s central bank to let real citizens use the currency starting August 1. Accounts for the digital ruble will be managed directly by the central bank, rather than commercial banks.In a statement...