Tag Archives: AA News

Metamask continues to push for leadership in the cryptocurrency wallet industry, offering new tools that make it easier for its users to purchase crypto. On October 13, Sardine, a financial platform offering instant ACH settlements, confirmed a partnership with ConsenSys to allow Metamask users in the U.S. to purchase cryptocurrencies with their bank accounts from the wallet’s UI. We don’t fox around We make payments faster & safer for MetaMask users ?...

South Korean tech giant – Samsung – announced a new security system dubbed ‘Knox Matrix’ that links all user devices together in a private blockchain. The main objective is to enhance the security of a multi-device environment. Essentially, if a single device gets compromised, the others shut it out of the network automatically. “Samsung Knox Matrix will function as a user’s own private blockchain system, wherein your connected devices enhance security through multi-layered...

The lower house of Kazakhstan’s parliament – Mazhilis – reportedly greenlighted new bills that aim to establish appropriate rules in the local crypto sector. They will require miners to create authorized entities, register with the regulators, and continue being subject to taxation. Solving the Problem With ‘Gray Miners’ Despite being a global leader in cryptocurrency mining, Kazakhstan has certain issues with the so-called “gray miners” who conduct their operations without...

The Bitcoin-loving billionaire Michael Saylor has spent months pushing for rule changes surrounding cryptocurrencies and their accounting procedures. On Wednesday, was finally granted his wish.The Financial Accounting Services Board (FASB) has agreed to adopt fair value accounting procedures for digital assets. This will theoretically make assets like Bitcoin more attractive for companies to hold on their balance sheets.  The New Accounting Model As reported by the Wall...

Yassine Elmandjra – analyst at ARK Invest – believes bitcoin’s valuation could skyrocket beyond $1 million per coin in the following years. Earlier in 2022, a research team of the company estimated that the market capitalization of the primary cryptocurrency could reach $28.5 trillion by 2030. Bullish Prediction Despite the Bear Market Bitcoin and the broader cryptocurrency market have seen better days. During the past several months, the leading digital asset has lost a...

Consumer price inflation has clocked in above 8% in the latest CPI print. Consumer inflation in the US has remained near or above 8% for the entire year of 2022 so far. It reached its highest point in June, with a 12-month percentage increase above 9%. The US government sprang into action over the persistence of rising consumer prices, increasing Social Security benefits to keep pace. Social Security Gets +8% Cost of Living Adjustment Inflation is a phenomenon with...

The team behind the decentralized exchange – Uniswap Labs – raised $165 million in a Series B funding round, which will be allocated for NFT investments and developer tools. Shortly after the announcement, Uniswap’s native token – UNI – spiked by nearly 6%. Uniswap’s Latest Fundraiser Per a recent announcement, the multi-million initiative was led by prominent names in the financial field, including Polychain Capital, Andreessen Horowitz (a16z), SV Angel, Paradigm, and...

The Switzerland-based fintech company – 21Shares AG – unveiled a Bitcoin exchange-traded product on Nasdaq Dubai, making it the first physically-backed BTC ETP in the Middle East. The firm has recently been on a listing spree, introducing Bitcoin and Ethereum ETNs on Nasdaq Stockholm, crypto ETPs on Euronext Paris and Amsterdam, and more. The Latest Offering The investment product issuer – 21Shares – expanded its global reach by launching a bitcoin exchange-traded product...

The leading crypto asset manager Valkyrie Funds, is all set to liquidate one of the exchange-traded funds (ETFs) it manages. According to the official press release, the company plans to close its Valkyrie Balance Sheet Opportunities FUND (VBB), an investment product offering indirect exposure to BTC. The soon-to-be-delisted fund, under the ticker VBB, was first launched in December 2021 and granted exposure to the securities of US companies with Bitcoin on their balance...

Today marks the 13th anniversary of the very first Bitcoin trade ever conducted in exchange for U.S. dollars. On October 12th, 2009. Exactly 5050 BTC was traded for just $5.02. The transaction was conducted by Finnish developer Martti Malmi, who helped Satoshi Nakamoto work on Bitcoin in its early days. Before the trade, Bitcoin didn’t have any market price.  https://twitter.com/pete_rizzo_/status/1580139675682885633 As one of the oldest transactions, the transfer has been...