Tag Archives: AA News

Former BitMEX CEO Arthur Hayes recently explained why he believes Ethereum does not qualify as money – whereas Bitcoin does.   He touched on the deflationary economics surrounding the upcoming Ethereum Merge, and why there’s more to the story when designing an effective monetary instrument.  Gas, or Money? In an interview with the Unchained podcast on Tuesday, Hayes argued that Ethereum can’t be money if it also serves other purposes. “Ethereum has use – you use it to power...

21.co, the parent crypto ETF issuer 21Shares, has announced raising $25 million in a funding round led by Marshall Wace. Following the latest capital infusion, the company is now valued at $2 billion. The firm also said that the post-money valuation makes it “Switzerland’s largest crypto unicorn.” The funding round, which was 21.co’s first in the last two years, also saw the participation of Collab+Currency, Quiet Ventures, ETFS Capital, and Valor Equity Partners. The...

Despite the ongoing bear market, the world’s largest cryptocurrency exchange – Binance – continues to expand its team. Henrique Meirelles, who served as Brazilian Central Bank President and Economy Minister of the country, reportedly joined the platform as an adviser. Contrary to Binance, which went on a hiring spree during the crypto winter, many of its rivals dismissed a chunk of their staff in the past few months. Such examples are CryptoCom, Coinbase, Bybit, Gemini, and...

The Texas-based cryptocurrency mining firm – Core Scientific – produced 1,334 BTC in August and sold 1,125 BTC of that stash for approximately $25.9 million. In June this year, when the crypto market and bitcoin particularly dipped to record lows in years, Core Scientific parted with over 7,000 BTC for around $167 million. One of the leading crypto mining companies announced that August had been a highly successful month for the firm. In the past four weeks, it increased its...

While overall NFT volume has fallen off a cliff since January, Ethereum Name Service (ENS) domain sales have soared over the past week. The collection is now the most highly traded Ethereum-based collection on OpenSea, beating the likes of both CryptoPunks and Bored Ape Yacht Club (BAYC). What’s behind the collection’s sudden climb to the top of the marketplace? ENS VS NFT Performance According to OpenSea, ENS has generated 876 ETH in sales over the past 24 hours alone, at...

Jeremy Allaire – CEO and co-founder of Circle – isn’t sweating over Binance’s latest decision to stop supporting trades for USD Coin (USDC).  In a thread on Tuesday, Allaire broke down why he thinks the development is not only good for Binance but ultimately a boon to USDC utility and adoption. Binance Converges Around BUSD On Monday, Binance announced that all of its customers’ existing funds held in USDC, USDP, and TUSD would be auto-converted into Binance USD (BUSD) on...

The feud between the Cardano founder and the Ethereum Classic community appears to have escalated. After an Ethereum Classic proponent accused Charles Hoskinson of attempting to milk the network following the proposed 20% miner tax, the Cardano founder slammed the entire project. In the latest tweet, Hoskinson called Ethereum Classic a “dead project” that serves “no purpose” or “real compelling argument” for its existence. “I love how a sustainable development fund turns into...

For the first time in roughly 10 days, one of the wallets associated with the troubled cryptocurrency hedge fund, Three Arrows Capital, has moved some funds. On-chain data reveals that the address removed $33 million worth of stETH (staked ETH) from the Curve liquidity pool, alongside roughly $2 million worth of BTC. Data from Etherscan reveals that an address associated with Three Arrows Capital has removed some $33 million (20,945 stETH) from the Curve Liquidity Farming...

Seoul-based TV giant LG Electronics announced the launch of its non-fungible token (NFT) marketplace – LG Art Lab – potentially opening up NFT collecting to a much broader audience. With the latest platform, based on the Hedera blockchain, users will be able to explore, buy, sell and trade NFTs on LG’s smart television sets. LG Art Lab will also incorporate onscreen QR codes to enable users to complete transactions with the help of the company’s crypto wallet for smartphones,...

The Australian Federal Police – an independent agency responsible for investigating crime and protecting the country’s national security – reportedly formed a new cryptocurrency unit. The goal is to detect criminals who use digital assets in their activities, such as money launderers, and bring them to justice. Applying strict regulations on the digital asset sector has been a mission for the Aussie government for a while now. Last year, former Federal Treasurer – Josh...