Tag Archives: AA News

The NFT sector has seen an explosion of interest throughout last year. In 2021 as well, the market kicked off with booming sales sharply, contrasting with the overall slump in crypto prices in January. After decoupling for a few weeks, NFT sales appear to be cooling down again. NFT Floor Price Take a Hit According to the latest stats, the floor prices of some of the top NFT projects, such as Bored Ape Yacht Club (BAYC), have been on a decline. The NFT market has faced a...

Attorney Joseph Hall, who previously worked at the US Securities and Exchange Commission, claimed there is a “pretty good chance” that the SEC “will lose all the merits” in the lawsuit against Ripple. The American went further, saying he does not quite understand why the watchdog decided to bring this case. The Never-Ending Battle The legal confrontation between the US Securities and Exchange Commission (SEC) and the blockchain company Ripple has been going on for more than a...

Popular crypto exchange FTX has plans to launch a gaming unit to offer mainstream gaming publishers support for non-fungible token (NFT) integration and other blockchain-powered collectibles. FTX to Provide Web3 Operability for Game Studios Bloomberg reported that the company will launch its gaming outfit in the coming months. The so-called FTX Gaming unit is set to function as a “crypto-as-a-service” platform for mainstream game studios. Also, the service will offer support...

Huobi – a former Chinese crypto exchange – wants to re-establish itself in the United States as an asset manager after ceasing operations in the region in 2019. The company expects asset management to be “a bigger business” than the exchange approach. Return of Huobi Company co-founder Du Jun revealed Huobi’s new plans in an interview with CNBC on Monday. He said that the exchange initially left the US market due to a lack of commitment and a poor management team in the...

Worldpay from FIS – a top global fintech provider – recently released a joint report with Crypto.com covering attitudes around cryptocurrency as a medium of exchange. It found huge interest among both merchants and customers in using cryptocurrencies to transact in 2022. Consumers ‘Hungry’ for Crypto According to the report, titled “Crypto for Payments”, there is currently a ~10X disparity between customers and merchants transacting in crypto. Whereas 40% of customers would...

The past few weeks have not been kind to the cryptocurrency industry and the financial markets. In line with the fear of a growing conflict in Ukraine, the civil unrest in Canada, and the Fed’s decision to raise interest rates, the prices of most assets significantly declined. Bitcoin, for one, dropped to $36,000, which is its lowest price since February 3rd. Keeping in mind those events, many envisioned the start of another cryptocurrency bear market. In its recent report,...

El Salvador’s decision to make bitcoin an official payment method inside the nation’s borders has positively affected the local tourism industry, said the country’s Minister of Tourism. Since then, the sector has been up by more than 30% as most visitors come from the United States of America. Tourists Want to Explore The Bitcoin-Loving Country Similar to other Latin American nations, the tourism sector contributes a significant part of El Salvador’s GDP. Prior to the...

Non-fungible token marketplaces have shattered record-breaking trading volumes. But experts believe that the nascent space of NFT may see a crash soon that would mimic the 2019 ICO collapse. NFT Crash, If or When? An NFT crash may happen in the next six months. This was according to Ryan Carson, Chief Operating Officer, PROOF Collective, a podcast that covers the NFT ecosystem in-depth. His tweets regarding the same read, “The quick-flip 10k PFP projects, me-too derivs and...

A new cryptocurrency-themed restaurant called “Doge Burger” has launched in Dubai, allowing customers to pay for their food using digital assets. It will offer many “doge-inspired” burgers which can be delivered directly to customers’ doors. As revealed by Dogeburger’s Instagram page, Doge Burger went live and began accepting orders on Thursday. The restaurant will offer food delivery directly to people’s doors, including various fry and burger options. Its packaging appears...

David Hansson – creator of full-stack framework “Ruby on Rails” – recently confessed that his absolute anti-crypto stance was misguided. In light of Canada’s recent sanctions against Canada’s trucker convoy, he now sees a use-case for cryptocurrency – even in Western democracies. “I Was Wrong,” Says Hansson The dev stack creator explained his revised position in a blog post earlier today, titled “I was wrong, we need crypto”. By no means a total convert, he was still sure to...