Tag Archives: AA News

The People’s Bank of China launched a pilot version of its digital yuan wallet application on mobile phone app stores. This is another effort marking the nation’s desire to be the first to develop its own central bank digital currency (CBDC). China’s Most Recent CBDC Push According to a recent tweet by the local news outlet BlockBeats, the digital currency research institute of PBoC released the “e-CNY (Pilot Version)” app – a mobile wallet for the Chinese CBDC – on iOS and...

The Commodity Futures Trading Commission (CFTC) ordered Polymarket – a decentralized platform that allows users to bet on the outcome of current events – to pay a $1.4 million civil monetary penalty. The agency claimed that the company did not seek a Designated Contract Market (DCM) or Swap Execution Facility (SEF) registration. CFTC on the Hunt Again According to an announcement by the government agency, Polymarket must also “wind down” all markets displayed on its website...

Canaan, one of the world’s largest manufacturers of Bitcoin mining equipment, announced strategic collaboration agreements with several mining companies in Kazakhstan as part of its expansion plans in the region. Canaan’s Expansion Roadmap The latest development of Canaan’s joint-mining business plans with Kazakh firms comes a few weeks after a successful launch of the last batch of mining machines online under its first phase of deployment in the nation. As of December 31st,...

Bored Ape Yacht Club (BAYC) – one of the most popular NFT collections in existence – has reached $1 billion on sales on OpenSea’s marketplace. According to on-site statistics, the collection has generated an all-time trading volume of 298 265k ETH. WIth ETH trading at about $3,800 at the time of writing, that’s effectively over $1.13B in Bored Ape sales. There are ten thousand Bored Apes available, distributed across about six thousand holders. Some apes have traded for...

Binance Labs, the investment arm of the popular cryptocurrency exchange Binance, said it had invested $12 million into institutional liquidity provider WOO Network’s Series A+ funding round. Shortly after, the latter’s native token skyrocketed by double digits. Binance Invests $12M in WOO Network According to an official announcement from Binance, the investment in WOO Network comes on the heels of the project’s recently-concluded Series A completed round in November 2020....

The world’s leading digital asset manager – Grayscale Investments – has readjusted its DeFi Fund. The firm rebalanced the financial product’s weightings with AMP (the native token of the Flexa payment Network), while Bancor Network Token (BNT) and Universal Market Access Protocol (UMA) were removed. Adjusting The DeFi Fund According to a recent series of tweets posted by the company, this will be the first time AMP – a token employed to collateralize payments on the Flexa...

The ruling political party of South Korea – The Democratic Party of Korea (DPK) – will reportedly roll out non-fungible tokens for fundraising in a presidential election. The collectibles will depict Lee Jae-myung’s image (DPK’s candidate for president) and serve as a bond allowing holders to exchange the NFTs with other individuals. NFTs Fueling Presidential Campaign According to a January 3 report by The Korea Times, the initiative will start later this month. Assuming the...

The Twitter accounts of the Indian Medical Association (IMA), the Indian Council of World Affairs (ICWA), and Mann Deshi Mahila Bank (a local bank that supports female micro-entrepreneurs) were hacked on Sunday (January 2). The bad actors renamed the handle “Elon Musk” and initiated a cryptocurrency scam. The Most Recent Attacks After carrying out the cyber outbreak, the perpetrators posted many tweets promoting cryptocurrencies. They also changed the name and the profile...

Banca Generali – an Italian Bank geared towards private banking and wealth management – plans to launch Bitcoin trading services in early 2022. These services will be enabled through an integration with Conio – a Bitcoin wallet/ exchange app. Bitcoin in Italy Financial magazine “We Wealth” provided details on the bank’s new services last month. Apparently, Banca’s 300 000 customers will be able to create a Bitcoin wallet directly from their bank accounts, thanks to Conio. The...

Antoni Trenchev – Co-Founder of the cryptocurrency lending platform Nexo – predicted that bitcoin will hit a price of $100K by mid-2022. In his view, the leading digital asset is an inflation hedge equal to gold. BTC Trading at $100K in a Few Months Despite increasing its USD value by over 60% in the last 12 months, bitcoin finished 2021 on a downtrend as many experts expected the asset to top the $100,000 milestone. In a recent interview for CNBC, Antoni Trenchev –...