Tag Archives: AA News

The leading global accounting firm – KPMG International – claimed in one of its recent reports that the cryptocurrency market has displayed growing maturity in the past several months. This comes despite the ongoing military conflict between Russia and Ukraine and the record inflation that spreads in some countries. It is also worth noting that most digital assets trade far below their all-time high levels from 2021, but that has not stopped investments in the space....

The demand and interest in bitcoin seem to be further fading among retail investors, at least according to data from Googe Trends. At the same time, the searches for the upcoming Ethereum Merge event have skyrocketed to a new all-time high days before the blockchain’s transition to PoS. No Searches for Bitcoin Google trends data shows the behavior and interest of retail investors as they tend to inquire about certain investments on the world’s largest search engine. The rule...

Days before the estimated date of Ethereum’s transition to Proof-of-Stake (PoS), the protocol went through the last shadow fork. Ethereum research and engineering company, Nethermind, took it to Twitter to reveal that the network went through the last shadow fork before The Merge. Transition in Mainnet-Shadowfork-13 (the last shadowfork before The Merge) was successful for all Nethermind nodes! Transition in Mainnet-Shadowfork-13 (the last shadowfork before The Merge) was...

Joshua David Nicholas – a resident of Florida – pleaded guilty that he and other members of the cryptocurrency platform EmpiresX skimmed investors with $100 million worth of digital assets. He now faces a maximum penalty of up to five years in Federal prison. Last month, the US authorities brought to justice another criminal crew from the Florida region. The Miami citizens – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – might spend up to 30...

The digital asset exchange aggregator – Coincub – conducted a study to find out which countries offer the friendliest cryptocurrency tax policies to their citizens. Germany ranked as the world’s crypto tax heaven, while Italy and Switzerland were respectively second and third. Taking a look at the opposite corner, Belgium is the worst nation for cryptocurrency taxation, followed by Iceland and Israel. Interestingly, India (where the government applies a 30% taxation rate on...

The first iteration of The Bitcoin Academy – Jack Dorsey and Jay Z’ (Shawn Carters) ‘s Bitcoin education program – has come to a close. After 12 weeks, the initiative ended by airdropping $1000 in Bitcoin to all participants who opted to receive a grant.  Jack and Jay Z’s Parting Gift As reported by Business Insider, the entire program, including the final airdrop, was personally funded by both Jay-Z and Jack Dorsey. Though it’s unclear exactly how many people received the...

The White House Office of Science and Technology Policy (OSTP) has released a report examining the connection between distributed ledger technologies (DLT) and climate change.  The office determined that crypto’s relationship with the environment is a mixed bag. While acknowledging the positive impact that mining can have on grid stability and renewable development, it can also exacerbate “environmental justice issues” due to greenhouse gas (GHG) emissions and other...

The largest corporate bitcoin holder has filed a new filing with the US Securities and Exchange Commission that will essentially allow it to purchase more BTC for up to $500 million. The news comes as the cryptocurrency surged past the $20,000 level and jumped to a new two-week high. The filing with the securities regulator shows that MicroStrategy plans to sell up to $500 million worth of its stock for “general corporate purposes, including the acquisition of bitcoin.”...

The Japanese government is handing out non-fungible tokens (NFTs) as a supplementary award to local authorities that excelled in utilizing digital technology to solve local issues as well as fostering the digital economy. A total of seven mayors received NFT awards for various initiatives. As per the report from CoinPost, the tokens, which were distributed at the “Summer Digi Denkoshien 2022” ceremony, essentially represent “digital certificates” of achievement. The award...

Singapore’s asset manager Whampoa Group plans to set up a venture capital fund and a crypto hedge fund for investments in digital assets.  Upon early estimations, the company intends to allocate $100 million. $100 Million Venture Capital Fund The group has earmarked $100 million for the venture fund while it plans to raise $50 million for the crypto hedge fund. It has set up a new entity called Whampoa Digital, which aims to attract third-party capital to invest in the...