Tag Archives: AA News

Sunshine Tour – a professional golf tournament held in Southern and Eastern Africa – partnered with Luno to bring cryptocurrencies closer to the participants. Apart from prizes in fiat currency, the top golfers will receive awards in bitcoin. BTC Reaching the Golf Course The primary cryptocurrency keeps making its way through the sports industry. The latest such example came from the prestigious golf championship – Sunshine Tour. The tournament, based in numerous African...

Blockchain analytics firm Chainalysis’ latest report indicates that NFT activities have slowed down in 2022, with growth beginning to pick up again since mid-April. The document also noted that growing interest derived from retail investors – as shown in the rising number of small-sized transfers – has not yet overridden the market share dominated by institutional investors. NFT Activities Stabilized in 2022 In the wake of the impressive growth in 2021 – culminating in...

Crypto analytics resource Messari published a report on Polkadot’s Q1 performance, outlining the layer-zero protocol’s price action, network usage, latest developments in staking and decentralization, and possibilities ahead. The paper stated that Polkadot has successfully completed 13 parachain slot auctions, with a total of 127.8 million DOT – worth $2.9 billion (at Q1’s end) and around 11% of the total supply – bonded. In addition, 28 more parachain slot auctions are...

American politics has been historically partisan, but crypto may start bringing new changes. As the midterm election is approaching, digital asset firms and organizations are ramping up their lobbying machine, betting heavily on pro-crypto candidates who could potentially bring favorable policies to the industry. The Financial Freedom PAC vows to create an “orange wave” in Washington by 2024. The Orange Wave May Start from Ohio & Oregon In Ohio’s primary election, bitcoin...

Non-fungible token (NFT) platform Zora raised $50 million in a seed funding round to expand its services to customers. The investment was led by prominent venture capital firms such as Haun Ventures, Coinbase Ventures, and Kindred Ventures. Zora’s Valuation Tapped $600 Million NFTs remain an intriguing feature for a big chunk of the crypto participants, allowing many startups to raise multimillion investments to strengthen their position in the field. The latest such entity...

In a recent interview with the Economic Times, billionaire investor and founder of Bridgewater Associates, Ray Dalio, acknowledged the potential of digital assets, especially Bitcoin, emphasizing their impressive performance over the past decade. Dalio: Bitcoin Still Has Unresolved Issues 72-year-old American investor also noted that Bitcoin’s finite supply makes it similar to other universally accepted inflation hedges such as gold. However, he doesn’t see central banks...

The first-ever Portuguese real-estate purchase has been settled for Bitcoin – without involving a conversion back to fiat money. Buying a Home With Bitcoin As reported by the local news outlet Idealista, the deal was for a T3 apartment in Braga, costing the buyer exactly 3 Bitcoin. That’s about 102,000 euros, or 108,000 dollars, at current prices. Until last month, purchasing real estate using cryptocurrencies required buyers to first convert their holdings to euros. However,...

Bitcoin has crossed the halfway line of its third halving, which the community sees as a bullish sign for its price since the issuing rate is reduced by 50%. Less Than 105,000 Blocks Away From Next Halving After Block 735,000 was mined on Thursday by Poolin, earning 0.16215354 BTC ($6,402.45) in fees, Bitcoin officially entered the second half of the third halving cycle. This one – like any other in the past or the future – has 210,000 blocks available to be mined, and half...

The US Securities and Exchange Commission has approved yet another proposal for a futures Bitcoin ETF. According to the official document, Valkyrie’s XBTO Bitcoin Futures Fund is the latest such product to have secured approval from the SEC. Valkyrie XBTO Bitcoin Futures Fund was first filed in August 2021, and its approval follows that of Teucrium. However, the launch date has not been disclosed yet. Unlike its Canadian, European, and Latin American counterparts, the US...

The Central Bank of the Argentine Republic (BCRA) prohibited domestic financial institutions from facilitating crypto opportunities. The announcement comes a few days after two of the largest local banks – Banco Galicia and Brubank – revealed they will allow clients to purchase digital assets via their official websites. Argentina’s Central Bank Blocks the Crypto Offerings Earlier this week, the largest private bank in Argentina in terms of market value – Banco Galicia – and...