Tag Archives: AA News

Two banks in Argentina will be allowing their clients to purchase cryptocurrencies via their official websites. The pair are Banco Galicia – the nation’s largest private bank in terms of market value, and Brubank – a fully digital bank. The two entities have partnered with the crypto wallet Lirium for the new service, which will reportedly be available to clients on Monday. For Banco Galicia, the feature will first be available to customers whose salaries are directly...

Cryptocurrency-backed mortgages are repleted with risks akin to those responsible for the 2009 recession, said the US-based rating company Weiss Ratings. Referring to Miami startup Milo, a digital bank that offers crypto-backed home loans, the firm noted that the plans “are fraught with warning signs.”  Milo Home Loans With Digital Assets as Collateral Milo helps customers buy US real estate by pledging digital assets as collateral. According to its website, the project has...

Ripple CEO Brad Garlinghouse recently revealed that the almost two-year lawsuit with the United States Securities and Exchange Commission (SEC) is drawing to its climax and could be resolved before the end of the year. The Long-Awaited Climax Is Near In an interview with Fox Business correspondent Charlie Gasparino, the Ripple boss acknowledged that the company’s ongoing legal battle with the SEC has gone “quite well.” He further noted that his company’s case will set a major...

Last year’s epic crypto bull run helped crypto companies thrive, many beyond expectations. However, the current landscape is entrenched in a sluggish territory, a trend that has translated into figures for the prominent digital asset management firm, CoinShares, which announced the interim results for the first quarter of 2022. According to the official press release, the firm’s total revenue during the first three months of 2022 has shrunk to £27.96 million ($35 million)...

Stock traders and investors who actively manage their portfolio are busy anticipating and scanning the quarterly filings every earnings season, beginning about two weeks after the end of each annual quarter. Crypto stocks, shares in companies built around cryptocurrency, or having high exposure to the digital asset market are no different. Crypto Companies to Release Earnings Reports As required by the SEC, corporations with listed stocks publish earnings reports about the...

Billionaire hedge fund manager Paul Tudor Jones explained on Tuesday why he’s still bullish on Bitcoin, despite its flat price over recent months. He believes the crypto ecosystem is part of a broader trend toward a borderless internet and globalized world, and that younger generations will bring it about. Centralization VS Decentralization When speaking with Joe Kernen of Squawk Box, Jones specifically described a “generational” and “digital” divide around Bitcoin. While...

NFT buying frenzy has disrupted not only Ethereum. Solana witnessed the clogging of millions of NFT transactions on its network due to bot activity targeted at such mints. Block production resumed on Sunday, and the operators managed to restart the main network successfully. Mitigation Steps In a new blog post, Solana devs outlined three mitigation steps to tackle such congestion issues. QUIC Adoption: Solana core protocols are being reimplemented atop Google-built protocol...

New York’s luxury fitness club Equinox will start accepting payments for gym services in cryptocurrency, according to local media reports. This makes the gym the first in the Big Apple to endorse digital currencies in its business, an anonymous source said. To do so, the company will partner with BitPay, a popular crypto payment service, for the new infrastructure. Equinox Customers Can Now Pay in Cryptocurrency The development is in line with Equinox’s goal of meeting its...

VanEck’s new NFTs are designed to showcase the real-world utility of non-fungible tokens. Global investment manager VanEck has announced the launch of a community NFT based on the Ethereum in partnership with the South Korea-headquartered creative NFT agency, NUMOMO. This is the first such initiative unveiled by the firm and involves the release of 1,000 VanEck NFTs. VanEck Community NFTs According to the official press release, the community NFTs are designed to demonstrate...

Data from blockchain analysis firm Santiment indicates that ETH whales have been accumulating over the past two weeks. They have broken out of a sustained ownership downtrend since the start of the year, and are now back to owning over 12% of the supply. ETH whales, in this context, are defined as addresses holding between 1000 and 10,000 ETH. That’s between about $3 million and $30 million worth of ETH, at current prices. As of Thursday, whale ownership sat at 12.07% of ETH...