Tag Archives: AA News

As Ethereum approaches its long-awaited transition to proof of stake, developers have launched the mainnet’s first “shadow fork”. Its purpose is to stress-test existing assumptions about testnests and the mainnet. Preparing for the Merge According to Ethereum Foundation Developer Parithosh Jayanthi, the fork adds merge related fields to the configs of existing testnets. “In doing so, we essentially inherit the state/txs of the canonical testnet,” he tweeted on Friday. Through...

Under threat of greater rate hikes from the Federal Reserve, Bitcoin is plunging to a monthly low, alongside stocks. Hundreds of millions of dollars in liquidations have been set off across the crypto market in the process. Last week, Bitcoin fell back below $45k despite having a bullish late March. This came following hawkish comments from Federal Reserve Governor Lael Brainard, who said that the task of reducing inflation pressures was “paramount” the previous day. Stocks...

American asset management company Ark Invest has sold its holdings of fintech giant PayPal and backed Bitcoin-friendly Cash App. This comes after Cathie Wood, CEO of Ark Invest, revealed her preference for Block’s (formerly Square) Cash App over PayPal’s Venmo at the 2022 North American Bitcoin Conference in Miami. Backing Cash App Wood believes Cash App has embraced an organic growth structure in contrast to Venmo’s “top-down” and frantic approach to Bitcoin and highlighted...

US Rep. Norma Torres (D-CA) introduced the Senate Accountability for Cryptocurrency in El Salvador Act (ACES) Monday. Rep. Rick Crawford (R-AR) co-sponsored the bill. Rep Torres averred: “El Salvador’s adoption of Bitcoin is not a thoughtful embrace of innovation, but a careless gamble that is destabilizing the country.” The bill instructs the State Department and heads of other US federal departments and agencies to study the adoption of bitcoin in the Pacific Central...

Jan van Eck – Chief Executive Officer of the global investment manager VanEck – believes the cryptocurrency industry will continue its progress, while blockchain technology “will completely revolutionize Wall Street.” However, this will not happen so quickly as it requires constant collaboration with regulators, he added. ‘I’m Wowed by All the Technology’ In a recent interview, VanEck’s executive predicted that blockchain technology could “completely” reshape the operations...

The United States could lose its preeminent financial and political influence in the world as other sovereign powers make haste to legalize and adopt Bitcoin as their reserve currency. The threat to America is not merely a matter of leaving an (increasingly plausibly) enormous amount of money on the table. Bitcoin is the largest ever deployment of strong public-key cryptography in history to secure a financial system that is growing parabolically. The cryptocurrency has...

One of the most successful tennis players of all time – Serena Williams – teamed up with Block Inc’s money transfer service provider – Cash App – to provide women and people of color with further financial access to bitcoin. She praised the primary cryptocurrency as the leader in the industry, calling it a ”super-strong investment.” Williams is a Bitcoin Bull The Jack Dorsey-led firm – Block – announced the collaboration with the tennis superstar at the Miami Bitcoin...

Elon Musk, the CEO of Tesla and SpaceX, purchased a 9.2% stake in Twitter, which became known recently, and was appointed to the board of directors shortly after. Now, the billionaire made several propositions to the social media giant’s paid subscription plan, one of which sees the implementation of Dogecoin payments. As reported by CryptoPotato earlier this month, Musk filed documents with the Securities and Exchange Commission showing that he purchased over 70 million...

The Human Genome Project started in 1990. By 2003, with 92% of the genome sequenced, the project was declared complete. This year tech advances have finished the other 8%. Blockchain tech like NFTs can use the information from this marvelous project to build new, better biotech products for humanity. The achievements of the human DNA research were published in the journal Science on Thursday. The UC Santa Cruz-based Telomere-to-Telomere (T2T) Consortium, an open,...

Jason Kilar – Chief Executive Officer of WarnerMedia who prepares to leave the company – argued that the future of Hollywood is in blockchain technology. In his view, the backbone of the cryptocurrency industry might also present new forms of financing. Blockchain: a ‘Potential Wave’ Coming to Hollywood The cryptocurrency sector, and more specifically blockchain technology, found another proponent in the likes of the American businessman – Jason Kilar. In a recent interview,...