Tag Archives: AA News

The world’s biggest corporate bitcoin holder MicroStrategy has reported a $146 million impairment charge on its digital asset investment. MicroStrategy Loses $147 Million in an Impairment Charge The day after MicroStrategy CEO Michael Saylor announced that his company bought 660 BTC worth $25 million, the firm reported a loss of $146.6 million in an impairment charge on account of its bitcoin holdings. Business intelligence software maker MicroStrategy said this in its Q4...

A recent estimate by the Russian government has revealed that locals currently own more than 16.5 trillion rubles ($214 billion) worth of cryptocurrencies. Russians Control 12% of Crypto Market According to a Bloomberg report on Tuesday, this figure represents approximately 12% of the total value of global crypto holdings or one-third of the market cap of Russia’s stock index. Citing unidentified people familiar with the matter, the report noted that the crypto holdings...

Meta (formerly Facebook) started the development of its own stablecoin Libra in 2019. Facing public backlash, it tried rebranding it to Libra. Now, Zuckerberg’s company finally gave up, selling Diem’s intellectual property to an investment bank. The former Twitter CEO, Jack Dorsey, shared his views on the failed project with Michael Saylor, the man in charge of MicroStrategy. Meta’s mistake was working on a currency it owned – instead of using an open protocol like Bitcoin,...

The government of the African country Botswana has reportedly passed a bill to impose a comprehensive regulatory framework on cryptocurrency trading. The initiative is part of its efforts to tighten anti-money laundering measures. According to a recent coverage by Bloomberg, Botswana will become the next nation to implement rules in its cryptocurrency ecosystem. The Virtual Assets Bill (as the proposed legislation is called) was approved unanimously today (February 2)....

The world’s largest digital asset manager, Grayscale Investments, announced today the launch of its first ETF. Dubbed Grayscale Future of Finance ETF, it will be the first equity ETF to track the performance of the Bloomberg Grayscale Future of Finance Index. The statement dated February 2nd informed that the new product’s ticker will be GFOF. It will aim to build “upon the thesis that the digital economy will boost global commerce, drive market efficiencies, and provide...

The American fast-food company partnered with Humberto Leon – Co-Founder of fashion brand Opening Ceremony – to create a zodiac collection in the Metaverse. The initiative will honor the Lunar New Year (China’s most significant festival from February 1 to February 15). McDonald’s Joins The Metaverse With its newest endeavor, the US fast-food chain enabled fans to celebrate the Year of the Tiger in the Metaverse. They can experience the “one-of-a-kind collection of zodiac...

Solana ecosystem wallet, Phantom, has recently raised $109 million in a Series B funding round led by the crypto venture capital firm, Paradigm. Phantom Hits $1.2 Billion Valuation With the latest cash injection, Phantom has now attained the status of a crypto unicorn firm, as the funding brings its market value to $1.2 billion. In an official blog post published on Monday, Phantom noted that the funds raised will be used to improve the wallet’s technical capabilities. These...

Speaking at a CNBC program, Silvergate Capital CEO Alan Lane noted on Monday that the organization will launch a stablecoin later this year. Silvergate Stablecoin Silvergate CEO Alan Lane’s revelation that his company is planning to launch a stablecoin through its banking subsidiary Silvergate Bank came during his interview on CNBC’s “Mad Money” program hosted by Jim Cramer. Earlier in the day, the banking organization confirmed that it’s acquiring Diem Association’s IP,...

Minnesota Representative, a longstanding crypto supporter, might become the first U.S. Congressman to take his salary in Bitcoin. Rep Emmer to Be Paid in BTC? In a recent podcast interview with popular BTC bull Anthony Pompliano, Rep. Tom Emmer (R-MN) noted that he would take a portion of his salary in Bitcoin. The host asked Rep. Emmer whether he would use a service that converts some of his earnings into the primary cryptocurrency. “Why not?” the Congressman said. “I think...

Alexis Ohanian – co-founder of Reddit – recently raised $500 million for his venture capital firm 776 Management LLC. He said that the new funds will primarily be used to “double down” on investment in crypto startups. More Money Towards Crypto As reported by Wall Street Journal, Ohanian showed confidence in the growing entrepreneurial and software activity in crypto. As such, the company has 40% of its current funds in the sector, while the remainder goes towards others like...