Tag Archives: AA News

Lugano, a city in southern Switzerland, has introduced Bitcoin and Tether in addition to its own LVGA Points token as legal tender. The initiative was backed by the collaboration between Tether Operations Limited, the tech company behind the largest stablecoin by market capitalization, USDT. Tether and the City of Lugano plan to work toward the shared goal of scaling the city’s blockchain capabilities and transforming Lugano into a major hub for European DLT adoption. Plan ₿...

The US food chain giant Shake Shack is reportedly offering its customers BTC as a reward for spending money at their burger chain using Cash App. Shake Shack is an American fast-casual restaurant that’s based in New York City. It has locations in multiple countries and over 6,000 employees. According to a recent report on The Wall Street Journal, the chain has teamed up with Block Inc’s Cash App to offer Bitcoin as a reward for purchases that are made at their burger chain....

The Department of Financial Services (DFS) will use blockchain analytics technology to build strengthen the enforcement of the sanctions against Russia. Specifically, the effort will be to detect if Russian individuals try to bypass the imposed penalties. Blockchain Technology to Help Monitor Sanction Enforcement The Department of Financial Services oversees numerous key programs and initiatives concerning the monetary sector. As a result of the growing conflict in Ukraine,...

An established player in Metaverse, The Sandbox, is betting big on the technology and is all set to expand business in the metaverse with Cube Entertainment. The partnership aims to promote K-culture content globally via operating virtual space and developing digital assets. The Sandbox-Cube Partnership According to the official blog post, the joint initiative will concentrate on the “detailed collaboration for business expansion” with respect to the metaverse and NFTs. It...

Nigel Green – CEO of deVere Group – believes the Russia-Ukraine conflict could be the catalyst that propels a surge for BTC’s price. The exec suggested that bitcoin reaching $50,000 by the end of March is not out of the question. BTC to Gain Traction Because of the War Despite the Russian invasion of Ukraine and the peace uncertainty across Europe, bitcoin’s price started climbing recently. The asset’s USD value is up by more than 15% over the last five days, as many argue...

Jeremy Siegel – Finance Professor at the Wharton School of the University of Pennsylvania – said the Federal Reserve needs to tighten its interest rates fast. With inflation spinning rapidly out of control, he called on the central bank to protect the dollar from devaluation, and from a possible Bitcoin “take over”. Dollar in Danger, Says Siegel In conversation with Rebecca Quick of CNBC’s Squawk Box on Thursday, Siegel discussed Fed chairman Jerome Powell’s policy response...

The half a decade-old multinational financial service giant has followed the footsteps of Blackrock into filing with the Securities and Exchange Commission to release a Crypto Economy ETF. The document informed that the main goal of the fund will be to “track as closely as possible, before fees and expenses, the total return of an index that is designed to deliver global exposure to companies that may benefit from the development or utilization of cryptocurrencies (including...

Hundreds of NFTs were stolen in the TreasureDAO exploit, conducted through a series of transactions. The attackers were able to exploit a bug in the protocol that enabled them to mint NFTs for free. Soon after, the platform urged its users to delist their non-fungible tokens from the marketplace. TreasureDAO Exploited In yet another major blow to the NFT industry, the latest project to have fallen victim to a massive beach is – TreasureDAO – the biggest NFT marketplace on the...

Legacy investor, fund manager, and philanthropist Bill Miller believes that the financial sanctions imposed on Russia could cause bitcoin’s price to soar. He pointed out that gold is the only reserve asset the largest country by landmass controls on its own, meaning that BTC might gain traction in the days to come. BTC’s Surge Following The Crash of The Ruble The military conflict in Ukraine changed the tides in the financial world drastically. NATO and the EU declared...

Ramani Ramachandran, co-founder and chief executive of Router Protocol, believes that the integration will help advance the mission of achieving a multi-blockchain future. Router Protocol – Avalanche Singapore-headquartered Router Protocol has integrated Avalanche network’s C-Chain to its cross-chain messaging protocol. According to the official press release shared with CryptoPotato, the development will enable users to leverage the Avalanche network by conducting...