Tag Archives: AA News

The US Congress has just passed legislation that could potentially change the way Americans think about Bitcoin and the cryptocurrency industry. The approval of the infamous Infrastructure Bill, which received a final vote of 226 to 206, is a controversial moment for the budding industry. If the bill is signed by US President Joe Biden, then most of the crypto businesses registered in the United States —like Coinbase, Kraken, or even a DEX developed in America— would be...

The number of digital yuan wallets in China has reportedly surged to 140 million, as 10 million of them are corporate accounts. Transactions in e-CNY reached 62 billion yuan, or $9.7 billion. Seven Times More Than in June When speaking of creating a digital version of a national currency, China’s efforts are among the most advanced globally. In recent months, the most-populated nation has launched numerous campaigns aiming to popularize the e-yuan among the locals. Following...

IGM Financial Inc., a 40-year-old Canadian wealth manager, could be next in line to launch Bitcoin and Ethereum services for its clients, suggested the company’s CEO, James O’Sullivan. Founded in 1978, IGM Financial is a large Winnipeg-based investment company with over $260 billion in assets under management. The firm’s Chief Executive Officer – James O’Sullivan – asserted in a recent interview that internal discussions have already begun in regards to adding the two largest...

Cryptocurrencies are continuing to gain traction as a payment option by businesses and governments alike. Recently, Deputy Luizão Goulart of Brazil proposed a bill to allow public and private sector workers to be paid in bitcoin. If passed, this would be the biggest national move to support digital asset adoption since El Salvador’s legal tender law. What’s in the Bill? The bold bill – proposed earlier this week – comes amidst an ongoing regulatory debate in Brazil...

Pivotal upgrades for Ethereum 2.0 have been slow but steady. While technical issues continue to bother the network, something that has dragged on for over two years, researchers have now detailed three scenarios of how Ethereum 2.0’s proof-of-stake (PoS) design could still be attacked. Don’t worry; they can be fixed too. Serious Attacks on Ethereum’s PoS design The world’s second most valuable cryptocurrency, Ethereum (ETH), has managed to notch another ATH in the early hours...

Pat Toomey – Senator and ranking member of the Senate Banking Committee – is not finished fighting the infrastructure bill. He recently vowed to fix flawed language within the legislation that stirred major controversy in August. He’s also taken issue with the newly released stablecoin report, which recommends regulating their issuers like banks. Correcting Language On “Crypto Brokers” The senator aired his thoughts during an interview with Yahoo Finance. In conversation with...

Shiba Inu (SHIB) has seen its price fade over the past few days. Measured since its all-time high, it dropped more than 50% earlier today, before recovering slightly to where it currently trades. Many in the cryptocurrency are currently playing the “I told you so” card as the price of Shiba Inu (SHIB) is down almost 50% since its all-time high charted just a week ago. The tides seem to have turned considerably as the euphoria that the market saw back then has now turned to...

Selling gold for Bitcoin (BTC) appears to be the new strategy among some investors. Jefferies’ Christopher Wood is no exception. He is now trimming his allocation to the precious metal to expand his exposure to the world’s largest cryptocurrency. Wood, who happens to be the global head of the investment banking firm, also believes traditional financial establishments such as banks should focus on blockchain and leverage the technology instead of waiting for it to cause a...

Shortly after becoming a publicly-traded company, Bakkt Holdings has announced that its customers will be able to interact with the second-largest cryptocurrency as well. Owned and operated by the Intercontinental Exchange, Bakkt Holdings is among the largest regulated cryptocurrency platforms providing Bitcoin services to its clients. Its portfolio of available digital assets will double soon, as the firm announced earlier on November 5th. Bakkt will enable its clients to...

Similarly to US investors, Australians displayed an enhanced appetite for cryptocurrency-related exchange-traded funds. Shortly after the launch of BetaShares’ CRYP, the volume went through the roof and set a new record. Understanding BetaShares’ CRYP Echoing the monumental day of the first Bitcoin Futures ETF debut on Wall Street, BetaShares Crypto Innovators ETF (CRYP) pierced through the existing record of $5.8 million within minutes as it debuted on the Australian...