Tag Archives: AA News

After yesterday’s new all-time high at $67,000, bitcoin corrected today with a steep decline to below $64,000. On some exchanges, though, the crash was significantly more violent as BTC dropped as low as $54,000 on Kraken and to four digits on Binance.US. October 20th was a historic day for the primary cryptocurrency as it finally skyrocketed above its previous all-time high and peaked at $67,000. It happened on the wings of the recently approved Bitcoin Futures ETF in the...

One of the leading cryptocurrency exchanges, FTX, just revealed that it finalized massive funding round, the numbers in which are inspired by – you guessed it – the 420 and 69 meme numbers. Memes have become particularly popular and part of the cryptocurrency culture. From food-based tokens, apes, degens, and pop culture numbers, it appears that we’ve seen it all. Yet, Sam Bankman-Fried’s FTX cryptocurrency exchange doesn’t stop to lift eyebrows. In a recent press release, it...

Galaxy Interactive – the affiliate of Galaxy Digital Holdings Ltd. – completed a $325 million funding round to expand further into the digital space. More than 70 LPs participated in the event, including institutional investors, endowments, strategic investors, and family offices. Youngsters Move from The Physical to The Digital World According to a recent announcement, nearly $150 million out of the $325 million has already been invested in new companies, which will join...

Global investment manager VanEck is set to launch a bitcoin futures exchange-traded fund (ETF) next week, shortly after ProShares got the SEC’s green light to launch the first BTC ETF. As per a Wednesday post-effective filing with the Securities and Exchange Commission (SEC), VanEck revealed it had secured approval from the SEC, and it’s now fully authorized to launch its BTC fund next week, after October 23, Saturday. VanEck first applied for the BTC futures ETF in August....

Paul Tudor Jones – billionaire CEO of Tudor Investment Corporation – has reaffirmed his support for Bitcoin. He said that he has cryptocurrency included in his portfolio, and deemed it superior to gold as an inflation hedge. Jones Remains a Bitcoin Believer The hedge fund manager revealed his thoughts on CNBC’s Squawk Box earlier today. The interviewer referred to a previous episode from May of 2020 when Jones showed newfound support for the primary cryptocurrency. He started...

British motor racing team, McLaren Racing, has recently announced the launch of its non-fungible tokens (NFTs) platform, where fans and digital art collectors can purchase its digital collectibles. The new endeavor will be built on the popular Tezos blockchain. McLaren Joins the NFT Craze According to a press release shared with CryptoPotato, the NFT platform, which is dubbed “McLaren Racing Collective,” will serve as a way for the team’s fans and other enthusiasts “to own a...

Digital Currency Group, the organization behind the world’s largest cryptocurrency asset manager, has decided to enhance its Bitcoin position by authorizing the acquisition of $1 billion more worth of shares of Grayscale’s Bitcoin Trust. The press release dated October 20th reads that Digital Currency Group has upped its authorization from $750 million to $1 billion. This means the company will more than triple its current position, which, as of October 19th, 2021, stands at...

San Francisco-based digital asset management firm – Bitwise Asset Management – has announced the launch of its Bitwise Polygon (MATIC) Fund. According to an official press release shared with CryptoPotato, the Fund will serve as a professionally managed investment vehicle that will give Bitwise’s wealthy clients access to MATIC, the Polygon network native cryptocurrency. The firm noted that only accredited Bitwise clients can qualify for private placement subscriptions to the...

One of the leading European economies – France – has reportedly fulfilled its 10-month experiment aiming to test how a central bank digital currency would interact with its debt market. The financial services company Euroclear led the project, in which some of the nation’s largest banks took part. France Pushes for a CBDC Last year, Banque de France – the country’s central bank – collaborated with the Belgian financial services company Euroclear and many of the leading French...

The popular meme-inspired coin and self-proclaimed DOGE killer, Shiba Inu (SHIB), has continued to gain popularity, recording more than 9% growth in the number of holders within the last two weeks. SHIB Addresses Surpass 738k Amid an impressive price performance since October 2nd, retail demand for SHIB remains at large as the meme coin has managed to accumulate more than 60,000 new holders, representing about 9.11% increase in a little over two weeks. There are currently...