Tag Archives: AA News

Over the past years, developed and developing countries have shown a growing interest in central bank digital currency (CBDC). The Bank of Japan has recently announced a cautious approach to the digital Yen, stating that its developmental trajectory will follow similar steps as Sweden did. The final decision on whether to issue CBDC is likely to be made by 2026, BOJ revealed. No Large-scale Pilot Tests Like China BOJ considers the framework of its CBDC closely tied to the...

The blockchain gaming platform Animoca Brands reportedly purchased the Aussie digital agency – Be Media. The latter will become the Australian marketing arm of Animoca, which plans to double down on its NFT and Metaverse endeavors. Animoca Bought Be Media The Hong Kong-based blockchain entity continues to spread its presence globally. According to a recent coverage, it completed the acquisition of the Australian digital agency – Be Media. Found in 2013, the Aussie company...

Another cryptocurrency company with aspirations to become a publicly-traded firm on Wall Street – BlockchainCom – has confirmed its initial plans that it aims to do so by the end of 2022. Ever since Coinbase set up the trend in April last year, the number of crypto-related organizations indicating plans to go public has soared. Bakkt, eToro, Core Scientific, PrimeBlock, and even Circle are some of the examples. BlockchainCom’s Chief Financial Officer – Macrina Kgil –...

Citing fears of Russian intervention, Irish authorities have implemented new integrity rules that prohibit political donations sent in the form of cryptocurrencies. The nation has also incorporated stricter rules on all foreign campaign donations. No Political Crypto Donations in Ireland The near two-month-long war, still called a “special military operation” by the aggressor, continues to create different sorts of problems for many European nations. Aside from the lack of...

Framework Ventures – a crypto-focused venture capital firm – recently secured $400M for its third crypto-focused fund. Half of the money will be invested towards the blockchain gaming space, with the remainder going into web 3 and decentralized finance (Defi) projects. Venturing Into Crypto Gaming As announced by the firm today, the new fund – termed “FVIII” – brings Framework Ventures’ assets under management up to $1.4 billion. Back in 2020, the firm established itself as...

Leading American agencies, including the FBI, the Cybersecurity and Infrastructure Security Agency (CISA), and the Treasury Department, alerted that North Korean-sponsored hackers seek to exploit crypto firms and exchanges in the USA. The wrongdoers’ main goal is to “generate and launder funds” to support the totalitarian regime in the East Asian country. Beware of North Korean-Backed Hackers In a joint advisory, the US agencies highlighted the cyber threat “associated with...

Indian cryptocurrency exchange CoinDCX announced on Tuesday a $135 million Series D funding round. The company’s valuation in the new round has nearly doubled to $2.15 billion from $1.1 billion in August 2021.  Co-founder and CEO of the firm Sumit Gupta announced the news on Twitter, saying he was “excited to share that CoinDCX has raised over USD 135 million in our latest Series D funding round.” The company said it plans to invest the money in expanding its product...

As one of the major crypto exchanges in Europe, CurrencyCom has a solid customer base in both Russia and Ukraine. On Saturday, the company confirmed that it had been attacked hours after announcing plans to halt onboarding new customers from Russia and reassured its customers that the attack was a failure. The owner of CurrencyCom, originally from Belarus, attributed the successful defense to the company’s robust security measures and accused Russia of being responsible for...

There are now a total of 80,300 NFT collections on the Ethereum blockchain, up from 15,540 year over year. Meanwhile, Ethereum addresses holding one or more NFTs have also skyrocketed as the industry is getting widely adopted, despite the recent market turbulence in the crypto space. Interest in NFTs Continues to Increase Though the broader crypto market has been on a months-long downtrend dating back to November 2021, the enthusiasm associated with NFTs activities has shown...

India’s financial crime investigation agency Enforcement Directorate (ED) has sought the help of police in a case of bitcoin theft worth Rs. 6 crores ($790,000) by the investigators who were assisting the police in a crypto fraud case worth over $260 million.     What Is the Case? As per media reports, ED officials visited the office of Pune’s Commissioner of Police in the Maharashtra province last Saturday and collected some information about the crime.  The case pertains to...