Tag Archives: AA News

Israeli crypto custodian Fireblocks has partnered with FIS – the largest processing and payments company in the world – to bring crypto adoption to capital markets. FIS clients can now access a full suite of crypto investment solutions including trading, storage, and Defi. Bringing Crypto to Institutions According to a press release from the company, FIS is granting firms of all types “access to the largest crypto trading venues, liquidity providers, lending desks, and Defi...

Indria Kempis – Mexican senator for the State of Nuevo León – has introduced a bill to formalize the inclusion of virtual assets as a form of currency that may circulate in Mexico. However, it proposes that only the central bank can issue a digital currency, without any mention of Bitcoin. What Happened to the Bitcoin Law? In February, CryptoPotato reported that Kempis was planning to help make Bitcoin legal tender in Mexico. The chances seemed slim at the time, given that...

Polygon Network recently announced intentions to offset its carbon footprint this year. The blockchain project revealed that it had pledged $20 million toward its plans of becoming carbon neutral and climate effective. As per the announcement, Polygon noted that it aims to implement a multilayered strategy targeted at creating a sustainable future for its ecosystem, the crypto industry, and the planet at large. The Green Manifesto Polygon also unveiled its “Green Manifesto: A...

Acala, the Ethereum-compatible DeFi protocol has announced teaming up with Anchor to boost the decentralized stablecoin space of Terra and Polkadot ecosystems. Following Wormhole integration plans, the two parties are all set to bring increased liquidity and yield opportunities for aUSD and UST by serving as gateways into the decentralized finance ecosystems of Polkadot and Terra. Acana-Anchor Network Collaboration Initially, Acala and its Kusama-based parachain – Karura will...

According to research conducted by KuCoin, the growing number of Nigerians investing in crypto is propelled by the lack of proper fiat-based opportunities. The study revealed that over 30 million of Nigeria’s population had traded digital assets in the past six months. The Reasons Behind the Adoption KuCoin’s latest “Into the Cryptoverse Report” found out that 33.4 million Nigerians, or 35% of those aged 18 to 60, have owned or traded cryptocurrencies in the last six months....

Tether Operations Limited, the operator of Tether.io, has announced the launch of USDT on Polkadot’s canary network – Kusama. The company said the move will enable developers to compose trustless applications across chains, communities, and networks. Tether on Kusama According to the press release shared with CryptoPotato, USDT will be deemed with the asset ID 1984 and utilized to power transactions on Kusama’s first parachain – Statemine at launch. The parachain enables the...

On April 12, 2022; Virgil Griffith, a former developer at the Ethereum Foundation, was sentenced to more than 5 years in prison on the charge of conspiracy, after traveling to Pyongyang in 2019, in violation of the international sanctions framed under The International Emergency Economic Powers Act imposed by the government of the United States on the government of North Korea. Griffith pleaded guilty to one single conspiracy charge for delivering a lecture on...

The private equity firm’s latest move demonstrates that traditional investment firms have started buying Web.3.0 projects as part of their investment thesis. A growing interest in a decentralized internet built on blockchain networks continues to incentivize big money to bet on small and medium-sized crypto firms. Silver Lake, the tech investment firm managing over $90 Billion in assets, announced leading the $150 Million investment round for Genesis, an NFT avatar company....

Blockchain gaming platform, Animoca Brands, has completed the acquisition of French game developer – Eden Games. The latter is the publisher of popular racing games including Need for Speed: Porsche Unleashed, F1® Mobile Racing, and the franchises Gear.Club, Test Drive, and V-Rally. The focus will be to capitalize on enhancing its REVV ecosystem while introducing more blockchain-powered racing games. Eden Games Acquisition Animoca Brands is on an acquisition spree, with two...

The United States continues its exploration of a central bank digital currency (CBDC) as the main processor for US securities said it is developing a prototype for studying how such an asset can work in reality. The main goal is to examine how real-time transactions through cash-like tokens can pass through in the clearing and settlement process. Project Lithium The Depository Trust & Clearing Corporation (DTCC), the country’s securities processor maintaining the...