Tag Archives: AA News

2TM Group, the holding company of Brazil’s first crypto brokerage Mercado Bitcoin, has ended its merger and acquisition talks with the leading US-based cryptocurrency exchange Coinbase, Bloomberg reported Wednesday, citing people familiar with the matter. Coinbase and 2TM End Buyout Talks According to the report, Coinbase intended to acquire a controlling interest or a minority share in 2TM. CryptoPotato reported in March that the buyout talks first started late last year and...

The renowned American podcaster, UFC commentator, and comedian – Joe Rogan – said bitcoin reminds him of the Internet in its early days. In his view, it has emerged as a “viable form of currency,” which is a serious concern for the US government. Bitcoin Made the Government ‘Freak Out’ During his most recent podcast episode, Joe Rogan reiterated his support of bitcoin, asserting that the current status of the asset is much similar to the early Internet: “I think of bitcoin...

In anticipation of Ethereum’s upgrade to proof of stake, over 10% of ETH’s supply has been sent into the Ethereum 2.0 deposit contract. That’s over $35 billion in staked value at current prices. According to Etherscan, exactly 12,334,098 ETH is generating income through the contract at the time of writing. By comparison, ETH’s total supply is estimated at about 120,642,170 ETH. The smart contract involves staking ETH on the Beacon chain – the future “spine” of the Ethereum...

Two of the main committees of the state of Hawaii – Commerce and Consumer Protection (CPN) and Ways and Means (WAM) – greenlighted the launch of a unit called Blockchain and Cryptocurrency Task Force. The division’s main goals will be to supervise the local digital asset ecosystem and explore the employment of cryptocurrencies. Hawaii Seeking to Regulate Crypto In a letter addressed to Hawaii’s President of the Senate – Ron Kouchi – the two committees outlined the “emerging...

On May 3, U.S. Senator Cynthia Lummis (R-WY) was interviewed by Axios news media and revealed important details about the crypto bill she hopes to introduce before the end of the year. The bill, Lummis says, adapts the legal framework so that cryptocurrencies and traditional assets fall under similar regulatory categories. “We’ve designed it so it works within the customary framework for managing and regulating traditional assets. So, for example, Bitcoin is a commodity. So...

Two banks in Argentina will be allowing their clients to purchase cryptocurrencies via their official websites. The pair are Banco Galicia – the nation’s largest private bank in terms of market value, and Brubank – a fully digital bank. The two entities have partnered with the crypto wallet Lirium for the new service, which will reportedly be available to clients on Monday. For Banco Galicia, the feature will first be available to customers whose salaries are directly...

Cryptocurrency-backed mortgages are repleted with risks akin to those responsible for the 2009 recession, said the US-based rating company Weiss Ratings. Referring to Miami startup Milo, a digital bank that offers crypto-backed home loans, the firm noted that the plans “are fraught with warning signs.”  Milo Home Loans With Digital Assets as Collateral Milo helps customers buy US real estate by pledging digital assets as collateral. According to its website, the project has...

Ripple CEO Brad Garlinghouse recently revealed that the almost two-year lawsuit with the United States Securities and Exchange Commission (SEC) is drawing to its climax and could be resolved before the end of the year. The Long-Awaited Climax Is Near In an interview with Fox Business correspondent Charlie Gasparino, the Ripple boss acknowledged that the company’s ongoing legal battle with the SEC has gone “quite well.” He further noted that his company’s case will set a major...

Last year’s epic crypto bull run helped crypto companies thrive, many beyond expectations. However, the current landscape is entrenched in a sluggish territory, a trend that has translated into figures for the prominent digital asset management firm, CoinShares, which announced the interim results for the first quarter of 2022. According to the official press release, the firm’s total revenue during the first three months of 2022 has shrunk to £27.96 million ($35 million)...

Stock traders and investors who actively manage their portfolio are busy anticipating and scanning the quarterly filings every earnings season, beginning about two weeks after the end of each annual quarter. Crypto stocks, shares in companies built around cryptocurrency, or having high exposure to the digital asset market are no different. Crypto Companies to Release Earnings Reports As required by the SEC, corporations with listed stocks publish earnings reports about the...