Tag Archives: AA News

The Hedera Governing Council recently announced that it had allocated 10.7 billion HBAR, Hedera Hashgraph’s native token, to fund the development and expansion of the ecosystem. The official announcement revealed that the amount worth approximately $4.5 billion at the current market price ($0.42) represents 20% of the token’s total supply. Interestingly, the value of the 10.7 billion HBAR has more than doubled since the Governing Council approved the allocation at a July 14...

Coinbase and the U.S. Homeland Security have struck a million-dollar deal to allow the U.S. government to use the exchange’s services to analyze American citizens’ data. According to official documents, The Immigration and Customs Enforcement (ICE) – a branch of the U.S. Homeland Security Dept. dedicated to cross-border crime and illegal immigration – paid Coinbase $1.36 million in licensing fees for Coinbase Analytics software. Pay to Trace, Pay to Tell This would be the...

The New York-based property management company – Magnum Real Estate Group – would accept Bitcoin (BTC) as a payment method for the sale of three ground-level shops worth nearly $30 million located in Manhattan. In addition, the Autism Science Foundation (ASF) announced it would allow people to make cryptocurrency donations. Initially, the non-profit organization would accept the following digital assets: Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Bitcoin...

The number of people believing that bitcoin could top $100,000 by the end of the year continues to grow, with the latest being Bloomberg’s Senior Commodity Strategist – Mike McGlone. By outlining the growing mass adoption, declining active supply, among other reasons, McGlone predicted that BTC could more than double its value in the next three months. BTC to $100K: Bloomberg This year has already been a wild roller-coaster when it comes down to BTC’s price as it surged from...

Major multinational professional services company Ernst & Young (EY) announced the adoption of the Polygon protocol for the deployment of its blockchains to provide faster transactions and lower costs for its enterprise clients who transact on the Ethereum mainnet. EY Clients Can Now Access Polygon Network The “Big Four” consulting firm stated in the press release from earlier this week that it has integrated its flagship blockchain services such as EY Blockchain Analyzer...

While worries about Bitcoin’s energy use abound, new analysis shows that the network has already consumed more power than it did during the entirety of last year. Bitcoin’s Rising Power Consumption As reported by Bloomberg, “the network reportedly consumed about 67TWh of electricity in 2020, and its total consumption has already surpassed this in 2021”. By the end of the year, the analysts predict that Bitcoin will have used 91 TWh of electricity, rivaling the consumption of...

Satoshi Nakamoto – the pseudonym for the yet undiscovered creator(s) of Bitcoin– has had a faceless bronze statue erected in ‘his’ honor in Hungary. Depicting Bitcoin’s Anonymous Creator The sculpture was unveiled in a technology-themed park in Budapest – the capital of Hungary – where also stands a statue of late Apple co-founder Steve Jobs. Fans pose with Satoshi statue. Source: New York PostAs Nakamoto is an anonymous figure, some have compared the difficulty of designing...

The American financier Anthony Scaramucci believes that bitcoin is a monetary standard that could one day become a global reserve currency. He explained the volatile nature of the digital asset with the fact that it is still in its early adoption days. BTC Is Effective as a Monetary Network During an interview with Natalie Brunell, the Founder and Managing Partner of SkyBridge Capital – Anthony Scaramucci – shared his stance on bitcoin’s merits and its future development. The...

South Korean cryptocurrency exchanges that cannot meet up with the Financial Intelligence Unit (FIU) registration exercise are mandated to inform their customers before midnight today that they will be shutting down operations a week before the September 24, 2021 deadline. The affected trading platforms have been instructed not only to inform their customers that they will be halting operations, but they will also need to provide detailed information about how their users can...

While attending Tuesday’s SALT conference, billionaire fund manager and New York Mets owner Steve Cohen discussed why he had taken a personal and financial interest in the cryptocurrency industry. Interestingly, this comes after dismissing the space for years previously. Cohen: From Skeptic to Supporter As reported by Bloomberg, Cohen says it was his “crypto maniac” son who convinced him to investigate the industry further. He has since spent a number of months meeting...