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Tag Archives: AA News

Axie Infinity Plot of Land Sells for $2.3 Million Worth of ETH

The NFT market and metaverse have once again been thrown into a state of euphoria as a single plot of digital land on the most popular NFT game in the crypto space, Axie Infinity, sold for 550 ETH. $2.3M for Axie Infinity Plot The plot of land in question is one of the Genesis plots on Axie Infinity, which are considered to be extremely rare as there are just 220 of them in existence. Going by today’s ETH prices, that single piece of land would be worth a whopping $2.3...

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Kevin O’Leary Invests in Crypto Only After Discussions With Regulators

The prominent TV personality  – Kevin O’Leary – said he would not invest in cryptocurrencies before consulting with regulators first. To him, the space lacks clarity, and watchdogs are the ones to say “what is possible and what isn’t.” The celebrity investor added he is keen on the following blockchain projects: Solana (SOL), Polygon (MATIC), and Hedera (HBAR), hinting they could “win long term.” Not Like a ‘Crypto Cowboy’ Kevin O’Leary – also known as Mr. Wonderful as one of...

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The Solana Network Is Greener Than Google: Report

Solana has emerged as a viable alternative to a host of blockchains. In fact, the network is not only efficient when it comes to conducting transactions but is also greener than web browsing giant Google, at least according to a recent report. At a time when the carbon footprint of Proof-of-Work (PoW) based assets has come under scanner, Solana’s latest Energy Use Report for November 2021 demonstrates a brand new trend taking shape that pushes towards a greener crypto...

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Anthony Scaramucci: Cryptocurrency Markets Had Their Black Friday On November 26

Today was an ugly day for the cryptocurrency world. In fact, it was a bad day for the financial markets in general. The U.S. stock indexes fell 2% on average, the FTSE lost 3.64%, the DAX was down 4.15%, oil futures tumbled more than 10%, and cryptocurrencies lost more than $200 billion in capitalization. All because of fears of a new strain of COVID-19 that had speculators and analysts brainstorming scenarios of a possible new lockdown. Recently, scientists discovered the...

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El Salvador Buys The Dip, Adds 100 More Bitcoin To Existing Stash

Nayib Bukele – President of El Salvador – recently announced that his country has purchased another 100 Bitcoin. That’s about $5.4 million worth of the primary cryptocurrency, at today’s prices. El Salvador Continues to HODL As always, the “CEO” of El Salvador (as reads his bio) casually announced the purchase in a tweet on Friday. Despite Bitcoin’s bearish slump this week, the president has not second-guessed his investment. Instead, he took it as a chance to stack sats. “El...

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Fintonia Launches Two Bitcoin Funds For Professional Investors in Singapore

To cater to the rising demand for digital asset funds, the Singaporean fund manager Fintonia Group has announced the launch of two institutional-grade funds tracking the performance of the world’s largest cryptocurrency. Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund are the two new products offered by the financial services firm regulated by the Monetary Authority of Singapore (MAS). Fintonia’s New Bitcoin Offering According to the report, the two...

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Mexico’s Third Richest Person: Buy Bitcoin Right Now

One of the wealthiest Mexicans – Ricardo Salinas Pliego – continues with his support for bitcoin by urging investors to allocate money to it. Comparing the primary cryptocurrency to gold, he gave his preference to the former. It’s The New Gold The Mexican billionaire businessman and Founder of Grupo Salinas – Ricardo Salinas Pliego – has been a bitcoin advocate for years. Last year, he admitted he started investing in the leading digital asset in 2016 when it stood around...

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Jerome Powell Could Slow Down The Cryptocurrency Industry, Mike Novogratz Says

Mike Novogratz is not happy with U.S. President Joe Biden’s decision to pick Jerome Powell to chair the Fed for a second term. And he’s speaking not as a Bitcoiner but as an overall investor: He believes Powell could be detrimental to the markets’ growth. In an interview for CNBC this week, Novogratz hinted that from his point of view, Jerome Powell had failed to understand the political and economic reality of the United States and that the markets have a similar view, being...

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Spanish Regulator Tells off Soccer Star Andres Iniesta for Promoting Binance

Andrés Iniesta – a legendary soccer player who helped Spain win the 2010 World Cup – recently advertised the cryptocurrency exchange – Binance – on some social platforms. However, the National Securities Market Commission (CNMV) warned him that promoting such investments is not wise since digital assets are “unregulated products” that carry some “significant risks.” Iniesta’s Binance Affair On Wednesday, Andrés Iniesta – a soccer star playing for the Japanese Vissel Kobe and...

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India Might Prefer Strict Regulations Instead of Outright Banning Crypto: Zebpay’s CEO

Avinash Shekhar – Chief Executive Officer of the cryptocurrency exchange Zebpay – predicted that the Indian lawmakers are more likely to impose tough rules on the digital assets than prohibit their usage. The exec added that regulation in the sector is necessary as it could bring many innovators and multibillion-dollar companies. The Vibes Do Not Indicate for a Total Ban The cryptocurrency environment in India is controversial, to say the least. The authorities of the largest...

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