Tag Archives: AA News

Bitcoin plunged to a 16-month low, while the altcoins suffered even more in the past week or so. Despite bouncing off and reclaiming some ground, the situation is still dire, and Cardano’s Charles Hoskinson provided his outtake on it. Charles Hoskinson’s Views Cardano Founder Charles Hoskinson noted that the market is deep in a new crypto winter, and it will take weeks or even months for a bottom to appear, following which there will be some respite. According to him, the...

Axie Infinity Shards (AXS) appear to be one of the only cryptocurrencies to trade up slightly in the past 24 hours, despite the current bear market. Buyers appear optimistic over the blockchain game’s Origin Android APK launch, announced over Discord on Thursday. According to the announcement, the update will include UI improvements, and a “full HD graphic” option in the game’s settings. It will also make the game run at a faster pace by having all status and rune effects...

In the same way that the adoption of cryptocurrencies increased worldwide, so did the Ponzi schemes and other frauds related to the crypto ecosystem. OneCoin is one of the most obvious examples; but Europol is focused on closing the case and put its promoters behind bars —no matter how long it takes. On May 11, Europol added Ruja Ignatova, founder of the OneCoin Ponzi scheme, to its list of Europe’s most wanted fugitives, offering a reward of up to €5,000 to anyone who helps...

The Chairman of the Financial Stability Board (FSB) – Klaas Knot – raised concerns that the cryptocurrency sector could harm the monetary network in the future. In his view, the digital asset market is expanding at a fast pace, while some of the tokens are employed by criminals in illicit activities. “For these reasons, policy work on crypto assets is a priority for the FSB,” the executive outlined. The FSB Wants to Regulate “Unbacked” Crypto The lack of an appropriate...

Fasanara Capital Ltd – a London-based asset manager – reportedly closed a $350 million fundraiser and wants to use the financing to invest in cryptocurrency companies and financial technology. The Crypto Crash Works in Favor of Fasanara According to a Bloomberg coverage, Fasanara secured its second fund to back technology startups and companies part of the digital asset industry. Specifically, it intends to allocate the $350 million to crypto exchanges and digital lending...

Grayscale – the world’s largest Bitcoin fund – reportedly met with the Securities and Exchange Commission (SEC) in private last week. The company argued that the commission should approve its transition into a Bitcoin Spot ETF to unlock over $8 billion in value for its investors. Why Convert Grayscale? In a presentation shared with CNBC, Grayscale claimed that a Bitcoin spot ETF would be “no riskier than a Bitcoin futures ETF”. The company believes that both spot and futures...

The Financial Accounting Standards Board (FASB) has unanimously voted to review accounting rules for exchange-traded digital assets in the United States. This could have major implications for corporations seeking a regulatory pathway for better managing cryptocurrencies on their balance sheets. Celebration Among Bitcoiners Microstrategy CEO Michael Saylor claimed the result of the vote was 7-0 over Twitter on Wednesday. Though the official result is yet to be posted by the...

Blockchain intelligence startup Chainalysis has raised $170 million at a valuation of $8.6 billion, double from $4.2 billion in June last year. Given the current market crash where bitcoin fell below $30,000 on Monday, many believed that the rush of investors backing up crypto startups seen last year might cease. But Chainalysis in the latest round has seen its valuation increasing twofold, suggesting that investors are still favoring businesses in the crypto space. $170...

Bitcoin’s price has now broken well below $30,000, touching down to $28,228 just moments ago. That’s Bitcoin’s cheapest price since January 4th, 2021, retracing some of the gains made in its early bull market. On Wednesday at 20:50 UST, Bitcoin’s price slipped from $29,000 to $28,228 within less than 5 minutes. The price remains at $28,551 at the time of writing, down about 8% on the day. The rest of the crypto market is also struggling with Ethereum barely holding $2000 as a...

A partnership deal between Jack Henry & Associates and New York Digital Investment Group (NYDIG) will enable community financial institutions to offer bitcoin services following increased interest from customers. Millions of American Customers to Trade Bitcoin Jack Henry and Associates (JHA), a leading technology solutions provider and payment processing firm, announced the collaboration with digital asset management firm NYDIG via a press release. The partnership will...