Tag Archives: AA News

Rep. Lee Kwang-jae – a member of the ruling Democratic Party in South Korea – is reportedly planning to receive campaign donations in digital assets. He also intends to issue non-fungible tokens (NFTs) as a receipt for such contributions starting from mid-January next year. Crypto to Fuel Political Campaigns According to a December 30 report by The Korea Held, the cryptocurrencies included in the initiative will be the two biggest by market capitalization – Bitcoin (BTC) and...

New Year’s Eve Party is a glitzy affair in NYC, as with most parts of the world. The celebration in Times Square, for one, generally accommodates around 58,000 people in viewing areas. However, due to the pandemic, the figures will be scaled down among other prohibitions. But visitors can also enjoy New Year’s Eve ball drop from the comfort of their homes – in the metaverse. New Year’s Eve on Metaverse The global real estate firm and the owner of One Times Square in...

The Bank of Israel (BoI) has reportedly instructed local banks to accept profits from digital asset endeavors as long as the source of the money is not related to criminal affairs. The procedure is intended to complement the Money Laundering Prohibition Ordinance, which applies to crypto-related entities and their operations. Israeli Banks May no Longer Refuse According to a recent local report, the central bank of Israel has distributed a draft circular to local banks with a...

The leading Russian bank – Sberbank – created a blockchain exchange-traded fund (ETF) tracking prominent companies in the cryptocurrency industry, such as Coinbase and Galaxy Digital. This is the first such product in Russia, which allows local investors to delve into the digital asset market without having to purchase, store, or sell tokens. Russia Has a Blockchain ETF Sberbank disclosed that the exchange-traded fund is called “Sber – Blockchain Economy” and trades under the...

Bugs and vulnerabilities are part of a blockchain network. Polygon revealed how it dodged a bullet after detecting a vulnerability, introduced a fix, upgraded the network, paid off a bounty to the whitehat hackers, all with a silent patch. Polygon’s Silent Patch According to the latest blog post by the team, it all started when two whitehat hackers informed the bug bounty platform, Immunefi of an issue in the Polygon PoS genesis contract on December 3rd. The vulnerability in...

India’s crypto saga did not have any significant breakthrough this year. As the regulatory climate remained unclear, the country’s market regulator feels mutual fund houses should not come up with fund offers related to cryptocurrency assets. SEBI Not Excited About Crypto NFOs The Securities and Exchange Board of India (SEBI) chairman, Ajay Tyagi, reportedly noted that the regulatory entity does not want the domestic mutual funds to develop any crypto-based new fund offers...

Would you be willing to overpay to have your stalled Bitcoin transaction processed more quickly? Data shows that you most certainly would. The use of Replace by fee —a transaction feature on the Bitcoin network that allows increasing the fee once the transaction is submitted— more than doubled in 2021, in what may be a sign that Bitcoin adoption has also led to increased competition among users to put their transactions on the next block. Replace By Fee: The Old Hidden Secret...

FTX US, the United States division of global cryptocurrency exchange, FTX.com, revealed today that its customers will soon be able to access crypto derivatives and non-fungible token (NFT) services on the platform. According to Brett Harrison, the president of FTX US, the exchange is building a self-hosted wallet that will support FTX NFTs and NFT gaming. The crypto exchange is also looking to offer tokenized stock trading to US customers. – derivatives for US customers–...

One of the largest cryptocurrency mining companies – Marathon Digital Holdings – bought 78,000 Antminer S-19 XP Miners from the Chinese manufacturer – Bitmain. To acquire the equipment, the firm spent nearly $900 million. Marathon Deepens Its Mining Efforts According to the filing with the Securities and Exchange Commission, Marathon Digital Holdings (NASDAQ symbol: MARA) will receive the machinery in the second half of 2022. Bitmain will deliver 13,000 units per month in...

The world of NFTs continues to boom as more and more people seem attracted to the idea of scarce digital art. However, while some projects are surging in value, others are on a rather downward slope. Data reveals that over the past three months, the floor price, which is the lowest price for a non-fungible token (NFT) from a certain collection, for the Board Ape Yacht Club NFTs increased by a considerable 35%. As CryptoPotato reported earlier in December, the floor price for...