Tag Archives: AA News

Rug pulls have grown to become a menace in the space of decentralized finance and have resulted in hundreds of millions stolen from users. Being amongst the most common types of scams, some US politicians have taken aim and want to outlaw them. State Senator Kevin Thomas and Assembly member Clyde Vanel have introduced Senate Bill S8839. The bill calls for penalizing, defining, and criminalizing frauds that are specifically targeted at developers and projects designed to dupe...

The entity aiming to accelerate the adoption of blockchain technology and support cryptocurrency projects – the Vietnam Blockchain Union (VBU) – has reportedly seen the light of day. It was launched by the Vietnam Digital Communications Association (VDCA) in the capital Hanoi. Enter VBU Vietnam has been gradually emerging as one of South-East Asia’s cryptocurrency hubs. A recent coverage reads that the authorities introduced the Vietnam Blockchain Union (VBU) – an...

San Francisco-based fintech giant Stripe announced its latest advance into cryptocurrency by partnering with Twitter. According to the new pilot program, Stripe will let a small group of creators send and receive payments in USDC via its payment platform, Connect. Creators can thus directly manage their account details through the Stripe Express app. Stripe’s Crypto Payment Push The company stated in a blog post that Twitter will be the first company to integrate the new...

Silvergate Bank – a bank dedicated to serving crypto industry institutions – saw its Q1 income nearly double over last year’s figures. However, it also reports falling BTC and ETH spot trading volume from the last quarter. According to the bank’s Q1 earnings report unveiled on Tuesday, income for common shareholders increased 34% from the prior quarter, and 94% from last year. Meanwhile, revenue rose 22% and 93% from last quarter and last year, respectively. The company’s...

One of the most successful soccer clubs in Mexico – Tigres – partnered with Bitso to enable fans to purchase tickets in bitcoin. The latest cryptocurrency adoption does not end there, as the leading delivery platform in South America – Rappi – and the renowned provider of jewelry and precious metals – SFL Maven – revealed the same intentions. Bitcoin Gets one Step Closer to Mexican Soccer Seven-time champion of Mexico’s premium soccer league – Tigres – disclosed it...

According to a forecast on the crypto industry released on April 20 by research firm Insider Intelligence, nearly 34 million Americans will own cryptocurrency by the end of the year. That equates to around 10% of the population, though the company reported a higher figure of 12.8%, possibly taking the adult population figures into account rather than the total. The researchers predicted that the number of U.S. adults who own and use crypto for payments will double digits by...

Denver-based Bitcoin miner Crusoe Energy Systems has announced closing a $350 million Series C equity offering. Expansion to the US and internationally, as well as onboarding more employees in the team, are some of the main objectives that Crusoe has following the event. Crusoe Funding Round According to the official blog post, Crusoe’s $350 million in equity financing witnessed the participation of G2 Venture Partners and a group of prominent technology, energy, climate, and...

The venture capital firm – Andreessen Horowitz – announced it will form a cryptocurrency research unit encompassing various talents from the space. The team’s main goal will be to solve important problems related to the emerging Web3 ecosystem. a16z’s Next Endeavor The leading VC firm – Andreessen Horowitz (known as “a16z”) – has been active on the digital asset scene for years now. In a recent blog post, it disclosed a new project in the field – a crypto research team that...

Blockpass, a digital identity verification provider partnering with various crypto wallets and exchanges, has started offering KYC services to Cardano’s commercial arm, EMURGO. Cardano-based addresses will be added to the Blockpass App, and projects can directly access on-chain KYC services, if needed, to comply with regulatory requirements. Positioned as the axis of the Cardano ecosystem, EMURGO is responsible for developing the community’s NFT marketplace Fibo, Yoroi...

CertiK – a Web 3 and blockchain security firm – has secured an additional $60 million investment from SoftBank Vision Fund 2 and Tiger Global. This follows the firm’s $2 billion valuation last month, after an $88 million round in which Tiger Global also took part. With the new funding, investments in CertiK over the past nine months have surpassed $290 million. It also marks SoftBank’s first investment into the web 3 security space. The Japanese investment manager has...