Tag Archives: AA News

The Central African Republic (CAR) has officially become the world’s second country to adopt Bitcoin as legal tender, announced the President’s office on Wednesday. As with El Salvador, the International Monetary Fund (IMF) has heavily criticized the decision. Another Nation Onboards the Bitcoin Standard The news was confirmed by French news agency AFP, following uncertain rumors about legal tender adoption from a standout Forbes report on Saturday. The initial report...

BlueSky, a project funded by Twitter to build a decentralized standard for social media, has stated that the company is not controlled by the company following Elon Musk’s purchase. BlueSky Operates Independent of Twitter In a tweet thread on April 25, BlueSky stated that although it was funded by Twitter, the social media platform does not hold any controlling stake in the platform. BlueSky also clarified that Twitter’s funding came with one condition, that the project...

Vlad Tenev – co-founder of the Robinhood trading app – announced on Tuesday that the company is letting go of 9% of its full-time employees. The company’s share price fell shortly afterward to just $10.00 at the time of writing – 12 cents above its all-time low as a public company. According to the co-founder’s blog post, Robinhood experienced a period of hypergrowth from 2019 to 2021. Net funded accounts grew from 5 million to 22 million, and revenue from $278 million to...

United States prosecutors have slammed charges against two Europeans for allegedly conspiring with recently sentenced Ethereum developer Virgil Griffith to help North Korea evade US sanctions with cryptocurrency and blockchain technology. Two Suspects Tied to 2019 Pyongyang Crypto Conference According to a Department of Justice (DoJ) press release on Monday (April 25, 2022), 47-year-old Spanish citizen Alejandro Cao de Benos and a 30-year-old British citizen, Christopher...

The Singapore-headquartered digital asset exchange – Bybit – expanded its services, enabling crypto options trading. Upon launch, users will be able to trade USDC options and perpetuals through portfolio margin, which employs a risk-based model for experienced investors to increase fund utilization on the underlying price and volatility. Bybit’s Newest Feature According to the document shared with CryptoPotato, the function will enable Bybit’s clients to speculate on the...

EMV-compatible layer 1 protocol, Flare, has received the Algorand Foundation Bridges SupaGrant to build a bridge that will connect the Bitcoin network with Algorand. Flare to Bridge Bitcoin and Algorand The grant partnership between both firms will help boost the growth of the Algorand ecosystem and the DeFi industry at large. In an official press release shared with CryptoPotato on Tuesday, Flare noted that the bridge will enable secure and trustless interoperability between...

Carolyn Rogers – senior Deputy Official for the Bank of Canada (BOC) – recently denied the notion that cryptocurrencies could be a viable hedge against inflation. Citing their volatility, she stated that digital assets “don’t meet the test” of a stable source of payment, or value. Another Banker Against Bitcoin Liberal MP Yvan Baker asked the official on Monday whether digital currencies like Bitcoin could be an effective way for regular people to opt-out of inflation. Like...

0x Labs – a San Francisco based decentralized exchange infrastructure provider – recently closed a Series B funding round led by venture capital firm Greylock Partners. The firm raised $70 million in total, with added help from Pantera, Jump Capital, OpenSea, and famous American actor/ musician Jared Leto. 0x’s valuation remains undisclosed, but it raised $24 million from its ZRX token sale back in 2017, and $15 million in a Series A led by Pantera capital last year. The...

Input-Output HK (IOHK) – the development company and driving force behind Cardano (ADA) – provided updates on Cardano-based NFT loan platforms, multi-chain bridges between the blockchain and Ethereum, etc. According to Input-Output HK’s thread of tweets, the Cardano network is currently housing nearly a total of 900 projects, with the latest example of IagonOfficial, a cloud computing platform, announcing its migration to Cardano last week. Since then, 50% of its token supply...

SushiSwap has come up with a restructuring plan after the exodus of developers and talent in the past months. In the latest blog post, the popular DEX acknowledged the internal crises that plagued the ecosystem after the exits of its top leaders and an apparently failed union with Frog Nation. It has a new vision in place. SushiSwap’s Restructuring Plans SushiSwap has revealed carrying out a reorganization by retaining and installing a “strong and loyal” team. Reportedly new...