Tag Archives: AA News

What’s worse than having money in your account and then suddenly receiving an email saying that you can’t access it because it presumably comes from illicit activities? That is what happened to a group of young Colombians who used to trade crypto in Binance —and they are not too happy about it. For more than five months, a group of Colombian users has reported on social media that their accounts were blocked by Binance because they had received money from illicit activities,...

MaiCoin Group – the parent company of Taiwan’s largest crypto platform – is reportedly considering becoming a publicly-traded firm within the next two years. Ambitions for Nasdaq According to a recent coverage by Bloomberg, MaiCoin will soon complete a Series C funding round, after which the exchange’s valuation could reach approximately $400 million. The trading venue vowed to employ the proceedings to expand its presence in Southeast Asia, and it also plans to pursue a...

Lava Labs has announced raising $10 million in the latest series A funding round. Its valuation has now topped a whopping $100 million. The London-based blockchain gaming startup plans to infuse the capital into developing its new multiplayer Web3 game – AFAR. Lava Labs’ official release revealed that the funding was led by Swiss venture capital firm, Dialectic. It also saw the participation from Animoca Brands, Dragonfly, Defiance, Merit Circle, Dapper Labs, among others, in...

Piyush Gupta – CEO of Singapore’s largest financial institution DBS Bank – believes cryptocurrencies could turn into an alternative to gold and its role in the current financial system. However, he doesn’t think digital assets could become “money as we know it.” Bitcoin on the Same Level as Gold DBS Bank’s top executive aired his thoughts on several popular cryptocurrency topics during a recent interview for The Economic Times. Similar to many proponents of the asset class,...

Russia’s central bank granted the country’s largest lender Sberbank a license to issue and exchange digital assets. The latest move opens new avenues for the nation’s economy hammered by western sanctions. The Approval According to the official statement, local companies will be able to issue their own digital assets to lure market investments, purchase digital assets through Sber’s system, or make other such transactions under the new license. The lender also stated that it...

The price of AAVE – the token behind the popular DeFi lending protocol – has seen a major price pump in the past few days after the launch of Aave V3. Whales have contributed to these gains, accumulating over 70,000 AAVE in the last 2 months. The upgrade – reported by CryptoPotato on Wednesday – introduced cross-chain portals, allowing users to take their assets to versions of the protocol on alternative networks. It also reduced gas costs for all Aave functions by an average...

Last year, the community revived GameStop from what seemed like a slow and painful death under the claws of greedy Wall Street hedge funds. Now, GameStop wants to give back and make the most out of this second chance with the launch of an NFT marketplace to serve gamers, crypto lovers and tech enthusiasts. On March 17, American video games retailer GameStop revealed its intentions to launch an NFT Marketplace by the end of the second quarter of 2022. According to its...

Institutional cryptocurrency exchange LMAX has announced a partnership with Swiss financial services group SIX to launch cash-settled, centrally cleared crypto-asset futures. With the increasing institutional adoption of crypto trading, LMAX Group CEO David Mercer reveals that the company will complete its offering by adding digital asset futures to its portfolio through the latest partnership. LMAX-SIX’s New Crypto Product Offering Based on regulatory approval, LMAX said the...

The San Francisco-based crypto exchange – Coinbase – announced that users can now take advantage of the new feature to fund their non-custodial Coinbase Wallet easier than before. The Newest Product As part of its mission to make cryptocurrency products accessible to the broad public, Coinbase introduced Coinbase Pay. The company explained that the solution is an extension of its existing digital asset wallet that allows users to interact with Web3 applications. Coinbase Pay...

The European Supervisory Authorities – the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), the European Insurance and Occupational Pensions Authority (EIOPA) – issued a warning to investors about cryptocurrencies, deeming the asset class as “highly risky and speculative” in nature. The ESAs Ask Consumers to Make Informed Decisions The warning comes amidst increasing consumer activity and interest in crypto-assets, as well as the...