Tag Archives: AA News

Brad Garlinghouse – Chief Executive Officer of Ripple – thinks the US is already lagging behind other nations in crypto because of regulatory uncertainty. He compared the technology’s potential to the Internet, highlighting America’s decision to embrace it in the 1990s, although its merits were relatively unknown at the time. The US is Now Catching up In a recent interview for Bloomberg, Garlinghouse argued that countries like Australia, Japan, Singapore, the UK, and...

The Superior Court of the District of Columbia has dismissed a civil complaint against American business intelligence company MicroStrategy, which alleged that the firm helped its co-founder Michael Saylor evade income tax payments. According to a recent filing, Saylor and MicroStrategy filed a motion to dismiss the complaint in October, and the court ruled in favor of the request on February 28. Court Dismisses Civil Complaint Against MicroStrategy Recall that in August, the...

HSBC, Nationwide Building Society, and other banking heavyweights in the UK are reportedly implementing a new set of restricting rules aimed at purchasing cryptocurrency. The move comes amid a chaotic year for the crypto industry, which witnessed the failure of several industry giants. Same Old Song According to a Bloomberg coverage, the biggest banking institution in the United Kingdom – HSBC – banned clients from buying cryptocurrencies via their credit cards, citing...

BitMEX co-founder Arthur Hayes published an essay on Thursday outlining “realistic potential situations” that could make oil prices boom, and make Bitcoin’s price skyrocket as a result.  The former CEO argued that such a scenario could spur central banks across the world – including the Federal Reserve – to return to a market-friendly loose monetary policy. Oil and the Money Printer In his blog post titled “Curve Ball,” Hayes described three possible futures that could lead...

Some reports have started running rampant following a tweet that CryptoPotato created earlier today. More specifically, the tweet in question is this: RE: @binance – Voyager deal This is what a US Judge responded to an SEC attorney who failed to provide specific arguments: “Deliberative is one thing, but what have you done? If there are reasons to be concerned here, I need to hear specifics.” @cz_binance pic.twitter.com/fzMRzmtyu2 — CryptoPotato Official (@Crypto_Potato)...

U.S. Bankruptcy Judge Michael Wiles made the comments at a court hearing in New York on March 2. The Voyager Digital restructuring plan would involve the sale of just over $1 billion worth of its assets to Binance.US. However, the SEC has opposed the deal claiming that it violates securities laws. When questioned about the reasoning behind the opposition, SEC attorney William Uptegrove failed to provide a definite answer, according to Reuters. In its typical vague approach,...

Cryptocurrency exchange Kraken is stepping away from Signature Bank for processing certain transaction types due to decisions made by the New York-based banking firm.  From now on, non-corporate clients cannot deposit or withdraw dollars from Kraken through Signature.  As reported by Bloomberg Law on Wednesday, deposits to Kraken using Signature will cease on March 15, while customers have until March 31 to withdraw from the company.  The news comes after Signature Bank...

AS Roma – a top Italian soccer club – is now accepting payment in DigitalBits (XDB), the self-described “leading blockchain for brands.” Payments will be taken across five of the club’s flagship retail stores, including Via del Corso, Piazza Colonna, Ottaviano, Porta di Roma, and Fan zone at Stadio Olimpico. AS Roma Accepts Crypto Per a press release shared with CryptoPotato, customers will be able to use DigitalBits to purchase branded AS Roma merchandise.  Payments can be...

Following an ultimately flat February, eager investors are curious: what’s in store for Bitcoin’s price this March? Here’s a look at how Bitcoin has performed each March over the last 12 years. On average, the asset’s price has risen by 10% each time.  Bitcoin, March, and the Halving In its earliest days, March wasn’t a particularly bullish month for BTC. The cryptocurrency fell by 8.2% to just $0.79 in 2011, and went on to move 0% in March of the following year.  Things...

With Bitcoin withdrawing toward $23k, blockchain analytics firm CryptoQuant has noted two data points to keep in mind while monitoring the asset’s future short-term price action.  Analysts for the company found that some large players appear to be topping up the market with sell pressure – including Bitcoin miners.  Dump Alert? According to CryptoQuant analyst abramchart, whale activity is rising on Bitcoin spot exchanges.  The Bitcoin Exchange Whale Ratio – a metric...