Tag Archives: AA News

The largest e-commerce firm in Latin America – Mercado Libre – acquired shares in the 2TM Group (a parent company of the cryptocurrency platform Mercado Bitcoin). Separately, it made a “strategic investment” in another digital asset-oriented organization Paxos. Jumping into Crypto Once Again The leading Argentinean e-commerce platform Mercado Libre, which has displayed a pro-crypto stance during the last several months, continues to support the industry. The company recently...

Ethereum-based play-to-earn game, Heroes of Mavis, has recently completed its seed funding round where it raised $5.5 million from Web3 and metaverse investors, including Binance Labs. Binance and Others Invest in Heroes of Mavia According to a press release shared with CryptoPotato, the project intends to use the new capital injection to develop the game further, attract top talent, and expand its community of supporters. The seed funding round was led by Binance Labs and...

The TON Foundation has announced the onboarding of Andrew Rogozov as a founding member. He will oversee Product Efforts at the blockchain project, initially launched by Telegram’s Durov brothers in 2018. Increasing Interaction Between TON and Telegram Likely The Ton Foundation announced a recent press release shared with CryptoPotato. The document informed that Rogozov will now contribute with his leadership experience to assist TON to reach its potential of creating an...

The U.S. Securities and Exchange Commission (SEC) has, once again, rejected a spot bitcoin ETF application. It was filed earlier by the investment management company First Trust Advisors and the hedge fund SkyBridge led by Anthony Scaramucci. In a statement published on Thursday (January 20, 2022), the SEC said the reason for the rejection was that they failed to meet the requirements. According to an excerpt from the SEC document: “Because NYSE Arca has not demonstrated that...

The host of CNBC’s “Mad Money” – Jim Cramer – sounded a note of caution for investors regarding the popular memecoin Dogecoin. The American views it as a security that will soon get regulated. ‘Please Be Careful with Dogecoin’ The 66-year-old TV host often changes his stance on the crypto industry. Last year, he allocated some of his wealth into Bitcoin and Ether and even insisted on receiving his salary in the primary cryptocurrency. A few months later, the Chinese crackdown...

An individual Ethereum miner who mined a complete block hit the jackpot by receiving 170 ETH for his efforts. Converted in USD value, the reward equals nearly $540,000 (calculated by the time when the block reward was mined). Beating the Odds Despite some people claiming that Ethereum mining (still being proof-of-work) is harmful to the environment, the process is still thriving, and even single individuals are constantly trying their luck to mine blocks on their own. One...

The Cardano community and the rest of the crypto industry were excited when smart contracts were enabled on the network following its Alonzo upgrade last year. However, there have been some minor issues since then. SundaeSwap Goes Live on Cardano Four months later, the first Cardano-based decentralized app (dApp), SundaeSwap, launched its mainnet on January 20 after a series of private and public testing. The decentralized exchange (DEX) allows users to trade, stake, and lend...

The successful PSG player, goalscorer for the Brazilian national soccer team, and NFT enthusiast Neymar Jr, is the newest member of the elite Bored Ape Yacht Club. Neymar shared the news with his followers on Twitter, posting a photo of his new pink ape outfitted with flashy futuristic glasses, along with the hashtag #BoredApeYC. Source: TwitterNeymar Jr. Loves NFTs On January 20, Neymar changed his profile picture using the Bored Ape 6633 as an avatar. According to OpenSea’s...

The cryptocurrency lending platform – Nexo – joined forces with the Nasdaq-listed digital asset company – Bakkt Holdings. As a result, the latter will custody a portion of Nexo’s Bitcoin and Ethereum holdings in the Bakkt Warehouse. Bakkt’s Newest Partnership The Bakkt Warehouse comprises both online (“warm”) and offline (“cold”) digital asset storage. The company balances between the two tiers to minimize risks associated with cryptocurrency custody services. In a recent...

Tarjih Muhammadiyah is the third Islamic organization to issue a fatwa against the use of cryptocurrencies in Indonesia. Cryptocurrencies аnd Fatwas According to a report by CNBC Indonesia, the Tarjih Council and the Central Executive Tajdid of Muhammadiyah issued a new fatwa against cryptocurrency use, deeming it haram, or unlawful, for Muslims. The organization detailed two reasons behind the move. Firstly, it observed that digital assets such as Bitcoin are speculative and...