Tag Archives: AA News

Blockchain intelligence startup Chainalysis has raised $170 million at a valuation of $8.6 billion, double from $4.2 billion in June last year. Given the current market crash where bitcoin fell below $30,000 on Monday, many believed that the rush of investors backing up crypto startups seen last year might cease. But Chainalysis in the latest round has seen its valuation increasing twofold, suggesting that investors are still favoring businesses in the crypto space. $170...

Bitcoin’s price has now broken well below $30,000, touching down to $28,228 just moments ago. That’s Bitcoin’s cheapest price since January 4th, 2021, retracing some of the gains made in its early bull market. On Wednesday at 20:50 UST, Bitcoin’s price slipped from $29,000 to $28,228 within less than 5 minutes. The price remains at $28,551 at the time of writing, down about 8% on the day. The rest of the crypto market is also struggling with Ethereum barely holding $2000 as a...

A partnership deal between Jack Henry & Associates and New York Digital Investment Group (NYDIG) will enable community financial institutions to offer bitcoin services following increased interest from customers. Millions of American Customers to Trade Bitcoin Jack Henry and Associates (JHA), a leading technology solutions provider and payment processing firm, announced the collaboration with digital asset management firm NYDIG via a press release. The partnership will...

President Nayib Bukele of El Salvador has unveiled development plans for the country’s planned Bitcoin City shortly after the nation made its latest BTC purchase. Bukele Moving Ahead With Bitcoin City Project The El Salvadoran President showed pictures of the architectural model via a Twitter thread, saying, the “City is coming along beautifully.” While details were sparse, with no mention of a completion date, the leader of the Central American country noted that the city...

Coinbase Co-founder and CEO Brian Armstrong squarely blamed the Reserve Bank of India (RBI) for employing “informal pressure” and denying the Unified Payments Interface (UPI) services that led to Coinbase halting its trading services three days after the launch on April 7. Coinbase India Launch Experience Speaking for the first time on the issue, Armstrong explained what led to the suspension of the company’s services in India and how it plans to stage a comeback. During the...

Talos’s valuation has reached $1.25 billion after the latest $105 million Series B funding round led by global growth equity firm General Atlantic. Other Investors include Stripes, BNY Mellon, Citi, Wells Fargo Strategic Capital, and more. Focused on Institutional Clients According to the firm’s press release, Talos, a trading infrastructure firm focused on offering crypto services to institutions, said that the new round of investment will help scale and diversify its...

Digital asset investors residing in London are currently facing threats to the security of their holdings as a new wave of “crypto mugging” surfaces. Muggers Are Targeting Crypto Investors According to a recent coverage by the Guardian, London police have received countless anonymous reports of victims losing huge sums of money in crypto after their phones had been forcefully seized by muggers. Armed with the knowledge that crypto transactions are irreversible, unlike bank...

Terra (LUNA)’s price collapse from Monday continues, now tracing down beneath $16 per coin. Meanwhile, the network’s dollar-pegged stablecoin TerraUSD (UST) continues trading at just $0.8, far below its intended $1.00 value peg. LUNA trades at just $15.84 at the time of writing, down 63.13% in the past 24 hours, and 80.74% over the week. The cryptocurrency doubly serves as a governance token for the Terra blockchain, and the reserve asset made to preserve the stability of its...

KuCoin has announced raising $150 million pre-Series B funding round led by Jump Crypto. The event also saw the participation of Circle Ventures, IDG Capital, and Matrix Partners. The valuation of the exchange surged to $10 billion following the financing round. Beyond Centralized Trading According to the official press release, the Seychelles-based firm said it will focus on expanding its reach beyond centralized trading. It wants to strengthen its presence in new areas,...

Townsquare Media (NYSE: TSQ) – a New York-based radio network and media company – revealed that it purchased $5 million in Bitcoin during Q1 2022 in a recent SEC filing. It claims to believe in the “long-term potential” of Bitcoin – despite being down on its current investment. The filing explains that the company had purchased $5 million in Bitcoin before March 31st of 2022. Its coins are secured through third part custodial services. That said, the Townsquare acknowledges...