Tag Archives: AA News

The government of Dubai is not slowing down its efforts to promote the development of the local crypto industry and its appeal to crypto enthusiasts. On May 03, The Dubai Virtual Assets Regulatory Authority (VARA) announced the purchase of a piece of land in The Sandbox metaverse, meant for the development of virtual headquarters. According to an official statement, the VARA is stepping into the Metaverse to reach a “borderless audience,” while also improving social inclusion...

Popular Bitcoin miner Argo Blockchain has announced taking on additional debt under Argo’s equipment financing agreement from a subsidiary of New York Digital Investment Group (NYDIG). The move will help Argo fund the purchase of mining equipment for its Helios facility in Dickens County, Texas. Argo Seeks Additional Equipment Financing From NYDIG As part of the financing, Argo will borrow up to $70.6 million from NYDIG, the interest rates set at 12%, the official press...

Bitcoin-friendly politician – James David Vance – won the Ohio Republican Senate primary election and will face the member of the Democratic party – Tim Ryan – in November this year. The voting will determine the next senator of Ohio, and, interestingly, Ryan is also a supporter of the crypto sector. Crypto Backers on the Final Stretch The American politician, venture capitalist, and author – James David Vance – secured a victory in the Ohio Senate Republican primary. He won...

The leading private bank in Liechtenstein – LGT Bank – partnered with SEBA Bank to offer direct investments in digital assets for its customers. The cryptocurrencies included in the initiative are the two largest by market capitalization – bitcoin (BTC) and ether (ETH). LGT Enters the Crypto Ecosystem The financial institution noted that the demand for digital assets has risen “sharply” in recent years. To cope with the growing interest, LGT allowed its clients to invest...

The Federal Reserve announced a 50 basis point interest rate hike during May’s Federal Open Markets Committee (FOMC) meeting. This is twice the size of the rate increase from last month, and the largest hike since May of 2000. Fed chairman Jerome Powell began his press conference following FOMC with a direct message to the American people:  “Inflation is much too high”. March’s annual CPI statistic clocked in at 8.5% last month, the highest official inflation level in over 40...

2TM Group, the holding company of Brazil’s first crypto brokerage Mercado Bitcoin, has ended its merger and acquisition talks with the leading US-based cryptocurrency exchange Coinbase, Bloomberg reported Wednesday, citing people familiar with the matter. Coinbase and 2TM End Buyout Talks According to the report, Coinbase intended to acquire a controlling interest or a minority share in 2TM. CryptoPotato reported in March that the buyout talks first started late last year and...

The renowned American podcaster, UFC commentator, and comedian – Joe Rogan – said bitcoin reminds him of the Internet in its early days. In his view, it has emerged as a “viable form of currency,” which is a serious concern for the US government. Bitcoin Made the Government ‘Freak Out’ During his most recent podcast episode, Joe Rogan reiterated his support of bitcoin, asserting that the current status of the asset is much similar to the early Internet: “I think of bitcoin...

In anticipation of Ethereum’s upgrade to proof of stake, over 10% of ETH’s supply has been sent into the Ethereum 2.0 deposit contract. That’s over $35 billion in staked value at current prices. According to Etherscan, exactly 12,334,098 ETH is generating income through the contract at the time of writing. By comparison, ETH’s total supply is estimated at about 120,642,170 ETH. The smart contract involves staking ETH on the Beacon chain – the future “spine” of the Ethereum...

Two of the main committees of the state of Hawaii – Commerce and Consumer Protection (CPN) and Ways and Means (WAM) – greenlighted the launch of a unit called Blockchain and Cryptocurrency Task Force. The division’s main goals will be to supervise the local digital asset ecosystem and explore the employment of cryptocurrencies. Hawaii Seeking to Regulate Crypto In a letter addressed to Hawaii’s President of the Senate – Ron Kouchi – the two committees outlined the “emerging...

On May 3, U.S. Senator Cynthia Lummis (R-WY) was interviewed by Axios news media and revealed important details about the crypto bill she hopes to introduce before the end of the year. The bill, Lummis says, adapts the legal framework so that cryptocurrencies and traditional assets fall under similar regulatory categories. “We’ve designed it so it works within the customary framework for managing and regulating traditional assets. So, for example, Bitcoin is a commodity. So...