Tag Archives: AA News

The crypto market is tanking following a negative day on Wall Street, taking Bitcoin’s price to lows it hasn’t seen in 3 months.  Hours ago, the primary cryptocurrency was trading in the upper $46k range. Beginning at around 19:40 UTC, its price collapsed down to $45k. Prices continued to fall over the next two hours, with prices now below $43k at the time of writing. The event hasn’t been kind to bulls. Coinglass data shows $500 million in crypto liquidations having taken...

After a phenomenal run in 2021, the NFT industry continues to grow fast and attract more professional and institutional players. Riding the hype is the NFT-focused venture studio, Metaversal, which secured a $50 million Series A round. $50M Investment Secured According to the official blog post, the investment round saw backing from blockchain investment firm CoinFund and a research-intensive investment company – Foxhaven Asset Management. In addition to the two entities,...

In a bid to bring in regulatory clarity and a framework for the issuance of Bitcoin Bond and securities in the cryptocurrency, El Salvador’s finance minister, Alejandro Zelaya, has revealed plans to send approximately 20 bills to Congress. The Ambitious Bitcoin City According to reports, the aforestated bills will encompass regulations about securities issuance and ensure legal structure and certainty to anyone to wishes to purchase a Bitcoin bond. The Finance Minister,...

The United States regulatory watchdog – Securities and Exchange Commission (SEC) – has delayed the ruling on NYDIG’s proposal for a spot bitcoin exchange-traded fund by 60 days. The original deadline was January 15th. If allowed, NYDIG’s Bitcoin ETF will be the first-ever spot Bitcoin ETF in the country. According to the official filing, the SEC said that it will decide whether to approve the NYDIG’s proposal by March 16. The agency explained that it needs to designate a...

The prominent TV personality – Kevin O’Leary – believes non-fungible tokens could emerge as a “much bigger, more fluid market” than bitcoin. His prediction comes as a surprise since last summer, the Canadian businessman stated that nothing has the chance to replace the primary cryptocurrency. O’Leary’s Most Recent Forecast Kevin O’Leary, a.k.a Mr. Wonerful, is another prominent figure who has displayed mixed feelings towards the cryptocurrency industry over the years. His...

American home rental firm Airbnb Inc. might soon join the growing list of companies that accept cryptocurrencies as payment options for services. Airbnb to Accept Crypto Payments? The possibility of Airbnb supporting crypto payments comes after the company’s co-founder, and CEO Brian Chesky asked users on Twitter to recommend anything they would like the home rental firm to do in 2022. If Airbnb could launch anything in 2022, what would it be? — Brian Chesky (@bchesky)...

NVIDIA, the global manufacturer of graphics processing units and integrated circuit technologies for workstations, personal computers, and mobile devices, wants to step up its efforts to develop more products for the metaverse. The metaverse is a concept that describes the next generation of internet content, where users will be able to interact with objects (and other humans) in virtual worlds in a deeper, multisensorial, richer way. It involves technologies like Virtual...

The People’s Bank of China launched a pilot version of its digital yuan wallet application on mobile phone app stores. This is another effort marking the nation’s desire to be the first to develop its own central bank digital currency (CBDC). China’s Most Recent CBDC Push According to a recent tweet by the local news outlet BlockBeats, the digital currency research institute of PBoC released the “e-CNY (Pilot Version)” app – a mobile wallet for the Chinese CBDC – on iOS and...

The Commodity Futures Trading Commission (CFTC) ordered Polymarket – a decentralized platform that allows users to bet on the outcome of current events – to pay a $1.4 million civil monetary penalty. The agency claimed that the company did not seek a Designated Contract Market (DCM) or Swap Execution Facility (SEF) registration. CFTC on the Hunt Again According to an announcement by the government agency, Polymarket must also “wind down” all markets displayed on its website...

Canaan, one of the world’s largest manufacturers of Bitcoin mining equipment, announced strategic collaboration agreements with several mining companies in Kazakhstan as part of its expansion plans in the region. Canaan’s Expansion Roadmap The latest development of Canaan’s joint-mining business plans with Kazakh firms comes a few weeks after a successful launch of the last batch of mining machines online under its first phase of deployment in the nation. As of December 31st,...