Tag Archives: AA News

While the Federal Reserve continues to threaten interest rate hikes amid rising inflation, the ECB has taken a different approach. Bank President Christine Lagarde stated they will “not rush into a decision,” deeming inflation as merely a short-term problem. Interest Rates Remain Unchanged As reported by CNBC, the ECB’s refinancing rate will remain at 0%. Meanwhile, its marginal lending rate will stay at 0.25%, and its deposit facility rate will be kept at -0.5%. The decision...

Anton Siluanov – Russia’s Minister of Finance – believes local financial institutions should have a universal license to facilitate cryptocurrency trading services. His viewpoint stands far from the central bank’s proposal to impose a complete ban on all digital asset endeavors. Another Vote in Favor of Regulation A few weeks ago, Russia’s central bank urged the local government to impose a blanket ban on all digital asset endeavors inside its borders. The institution argued...

Wormhole Bridge is back up with developers claiming that all funds are restored following the $320 million hack. Wormhole, a cross-chain bridge from Solana to other networks, suffered a major breach on Wednesday. Hackers managed to take control of 120,000 wrapped Ether worth $320 million. The breach impacted all users that held Ethereum tokens (wETH) on the Solana blockchain. Shortly after the attack, Wormhole updated its users on the situation. They also said that they...

The team behind the popular memecoin has forayed into its first “real-world” venture by partnering with a small Italian fast-food brand called Welly’s. The duo promised healthy, not just fast food options, and to grow globally together. The announcement from Shiba Inu developer – Shytoshi Kusama – explained that the memecoin’s team chose Welly’s because they were looking for someone who shares the same values. As such, they refrained from partnering with “huge centralized...

Blockchain software technology company ConsenSys has acquired Ethereum wallet interface provider, MyCrypto, to integrate it with its popular MetaMask wallet. ConsenSys Acquires MyCrypto Announcing the acquisition in an official blog post on Tuesday, the company noted that MetaMask and MyCrypto will combine their efforts to “improve the security of all the products and create a cohesive user experience across desktop, mobile, extension, and browser wallets.” Currently,...

Dune Analytics – a free blockchain research tool – recently announced an additional $69 420 000 in funding. The round was led by Coatue – a global investment manager focused on tech. According to an announcement from Dune’s blog, the funding will be used to empower another generation of “Dune Wizards” – aka Web 3 data analysts. The group currently only has 16 employees, but will now be hiring many more. While Dune currently provides free blockchain data, it will now invest in...

The government of El Salvador and the American financial technology provider – AlphaPoint – joined forces to improve the technology for the Chivo wallet. The feature allows access to bitcoin for millions of Salvadorans. Chivo Wallet With an Upgraded Version Last year, El Salvador put its name in the spotlight after becoming the first state to accept bitcoin as a legal tender inside its borders. The authorities also introduced the Chivo wallet – a crypto wallet where locals...

The world’s biggest corporate bitcoin holder MicroStrategy has reported a $146 million impairment charge on its digital asset investment. MicroStrategy Loses $147 Million in an Impairment Charge The day after MicroStrategy CEO Michael Saylor announced that his company bought 660 BTC worth $25 million, the firm reported a loss of $146.6 million in an impairment charge on account of its bitcoin holdings. Business intelligence software maker MicroStrategy said this in its Q4...

A recent estimate by the Russian government has revealed that locals currently own more than 16.5 trillion rubles ($214 billion) worth of cryptocurrencies. Russians Control 12% of Crypto Market According to a Bloomberg report on Tuesday, this figure represents approximately 12% of the total value of global crypto holdings or one-third of the market cap of Russia’s stock index. Citing unidentified people familiar with the matter, the report noted that the crypto holdings...

Meta (formerly Facebook) started the development of its own stablecoin Libra in 2019. Facing public backlash, it tried rebranding it to Libra. Now, Zuckerberg’s company finally gave up, selling Diem’s intellectual property to an investment bank. The former Twitter CEO, Jack Dorsey, shared his views on the failed project with Michael Saylor, the man in charge of MicroStrategy. Meta’s mistake was working on a currency it owned – instead of using an open protocol like Bitcoin,...