Tag Archives: AA News

The leading German stock market operator – Deutsche Börse – noted that cryptocurrency exchange-traded products (ETPs) had been highly attractive options for investors over the past year. The company outlined that the average monthly trading turnover in crypto ETNs surged to more than $1 billion, or +922%, than in 2020 ($115 million). Crypto ETPs with a Record Performance Deutsche Börse presented the record numbers in its most recent report. To meet the growing demand for...

The Founder and Chief Executive Officer of Shopify – Tobias “Tobi” Lütke – will join Coinbase’s Board of Directors. The CEO of the cryptocurrency exchange – Brian Armstrong – described him as a “tremendous entrepreneur” who also deeply believes in “the power of crypto.” Lütke to Sit Among The Directors In a recent blog post, Armstrong stated that Coinbase seeks to expand its international scope and build new products. In his view, having “Tobi” Lütke onboard would be highly...

One simple mistake cost a trader $500,000, sparking intense debate in the Ethereum community over security and user experience. To Lose $500K Worth of WETH A post titled “Did I just lose half a million dollars by sending WETH to WETH’s contract address?” made its way to the top of r/ethereum. “Sent ETH to WETH contract and got WETH back (after some googling I found this is how the contract works). Assumed it works the same way backwards and sent WETH back to the contract. No...

Bored Ape Yacht Club (BAYC) non-fungible NFT collection continues to see increased demand, with the latest example recently sold at a value of over $2.8 million. On the night of January 30, 2022, Bored Ape #232 was sold for a whopping 1080.69 ETH ($2.85 million). The sale happened on the NFT marketplace – LooksRare. The features of the purchased Ape NFT include an army green background, a seaman’s hat, sleepy eyes, a smoking jacket, a clean bored mouth, solid gold fur, and...

Bakkt – a digital asset management platform – has seen its shares plummet since going public in October. Trading at over $40 on October 29th, its stock is now as cheap as $3.96 on the NYSE. Down Alongside Crypto According to Google Finance, Bakkt’s stock peaked following its public listing on October 18th. It had tripled its value within a week from $8.76 to $30.60 by the 25th. After about another week, its price surged again on October 31st, touching $42.52. Bakkt’s listing...

The Asian country has dabbled with what sorts of tax it should put on cryptocurrency mining, trading, and transacting for months. However, the Financial Times reported that the authorities had ultimately decided to abandon the idea to tax transactions. Citing Thailand’s new revenue department rules, the FT said the authorities no longer want to implement a 15% withholding tax on digital asset transactions. This comes less than a month after the country presented its latest...

Days after its US branch raised $400 million, so has done the global exchange FTX. Thus, its total valuation grew to $32 billion. CryptoPotato reported last week the funding round in which FTX US raised $400 million from different investors such as Japan’s SoftBank Group Corp and Singapore’s Temasek Holdings. Less than a week later, CNBC reported that the new funding round for the global digital asset exchange FTX saw participation from some of the same investors. With this...

The Asia-based medical services company Zuellig Pharma has developed a blockchain platform to improve its vaccine tracking service and prevent accidents that could compromise the public’s health. eZTracker, Zuellig Pharma’s management system, guarantees the authenticity of vaccines, preventing the smuggling of medical products and the misappropriation of vaccines and supplies during their official distribution. How eZTracker Can Prevent Vaccine Frauds Zuellig Pharma’s...

Popular software programmer and co-founder of BitShares, Steem, and the EOS network, Daniel Larimer, recently announced the rebranding of his earlier endeavors. Daniel Larimer Shares New Vision In a press release shared with CryptoPotato, Larimer noted that his new vision, dubbed Fractally, will deliver the original EOS vision of 2017 to the modern crypto market. He claimed that Fractally will be a unique blend of a decentralized exchange, a social media platform, a...

A state senator has introduced a bill in Arizona that seeks to make bitcoin a legal tender. Although the US federal law doesn’t allow the states to create their currencies, the bill may spark an interesting discussion. State Senator Wendy Rogers, a Republican, has moved a draft bill numbered SB 1341 that seeks to accord bitcoin the status of transactional currency or legal tender. If the bill is discussed in the state senate and house of representative for which a date is not...