Tag Archives: AA News

If the market crash got you nervous and you thought the crypto industry was dead, you might want to change your mind. PayPal, the global e-payments giant, is working on developing its own cryptocurrency. PayPal is exploring the development of a stablecoin, possibly pegged to the U.S. dollar, although there is no information on a roadmap for the project. Speaking to Bloomberg News, Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at PayPal,...

Eric Adams – the newly-elected mayor of New York City and apparently a bitcoin bull – displayed his support for the primary cryptocurrency once again. He opined that the recent price drop could provide certain opportunities for investors and reaffirmed a previous stance indicating that he will get his first three paychecks in BTC. First Three Paychecks to be Paid in BTC It is safe to say that Big Apple’s new mayor hasn’t changed his stance on BTC despite the most recent price...

Multi-sector blockchain protocol Terra (LUNA) has announced a proposal to deploy $139 million to five different DeFi projects across Ethereum, Solana, and Polygon to enhance UST’s use cases. The proposal, however, needs to be accepted by the Terra community through a vote of governance participants that’s likely at a later date. Terra as a Dominant Crypto Player The details of how UST and LUNA worth $139 will be used on different DeFi platforms are contained in the document...

Dozens of clients of the Hong Kong-based cryptocurrency exchange Coinsuper reportedly complained they can not retrieve funds from the platform. At least seven of them have contacted the police regarding the issue. Frozen Funds on Coinsuper According to a January 7 Bloomberg coverage, the problem has occurred in late November. Five of the trading venue’s customers explained to the media that they are unable to withdraw a total of $55,000 (an amount consisting of both digital...

MoonPay – a fintech payment infrastructure provider – recently bought a zombie-themed CryptoPunk for over $3 million. The company often operates as a middleman for celebrity NFT purchases, leaving many to speculate which high-profile figure is behind the buy. Yesterday at 11:52pm UTC, MoonPay purchased the NFT for 900 ETH. With ETH worth $3,406.48 at the time, that’s a $3,065,832 buy. MoonPay released a tweet shortly afterward promoting followers to “guess” who the purchase...

The San Francisco-headquartered non-profit organization – Mozilla Foundation – which supports the development of the Firefox browser, announced accepting donations in Dogecoin (DOGE) using BitPay. While the wider community didn’t react well, the harshes critic was none other than one of its co-founders. Mozilla Co-founder is Not a Crypto Fan In a fierce Twitter thread, Jamie Zawinsk, aka JWZ, blasted the browser maker for accepting “planet incinerating cryptocurrency...

While the recent plunge has put the crypto community into a state of panic, one HODLer is taking advantage. The third-largest Bitcoin whale just bought the dip, putting his stack over 121,000 BTC. On January 4th, the whale’s address added another 372 Bitcoin. The sum was purchased for $17,122,242.1 at the time. This was a follow-up to an even larger purchase from a day earlier, when he bought 456 Bitcoin for an average of $46,363 each. Bitcoin’s price plunged below $43k on...

The cryptocurrency industry saw a tremendous surge in terms of institutional adoption in 2021. Experts suggest that this trend is likely to continue this year as well. But whether it’s a tidal wave or a trickle will depend on how the industry evolves in terms of technology that offers secure storage and protects user funds. Institutions Fear Security Risks The cryptocurrency market has been notoriously volatile – a common critique levied against the industry since the very...

The electronics giant Samsung introduced a new feature allowing clients to virtually attend quests or live music events. The company’s new metaverse experience is called Samsung 837X and is modeled on the physical flagship location in New York. Samsung Joins The Metaverse League In a January 6 announcement, the Korean firm described the feature as an “immersive world that can be explored virtually.” Samsung 837X is an “experiential playground for people to discover the...

Nas – an American rapper and entrepreneur – is selling the rights to two of his songs through Royal, a crypto-based music startup. The platform creates a new way for music artists to profit from NFTs, as visual artists are beginning to do. ‘Extended NFTs’ Royal announced its partnership with Nas in a blog post on Thursday, marking its debut music drop. The first of the songs is “Ultra Black”, which was the lead single from the rapper’s Grammy award-winning album King’s...