Tag Archives: AA News

Despite the most recent downturn in the entire cryptocurrency market, a London-based asset manager is reportedly considering investing in digital assets. According to a report from the Financial Times from today, Marshall Wace, a London-based asset management company with over $55 billion in AUM, considers a foray into the cryptocurrency market. Citing people familiar with the matter, the firm is planning to invest in various fields of the industry, including blockchain...

European digital asset manager, CoinShares International Limited, has recently announced that it will be acquiring Elwood Technologies’ Exchange-traded Fund (ETF) index business for $17 million. In an official blog post, CoinShares revealed that the deal will be finalized in the second week of July and will settle via an equity swap, through the issuance of 1,298,322 new ordinary shares for $13.09 per share. $1 Billion in AUM Elwood Technologies is owned by Alan Howard, the...

The People’s Bank of China has shut down a local firm suspected of providing various software services to cryptocurrency businesses. As it happened during previous negative actions, the price of bitcoin fell rapidly after the news broke. In the latest statement on the matter, China’s central bank has closed down a firm called Beijing Tongdao Cultural Development Co. because of suspicion that it provided software services to transactions involving digital assets. The...

The Swiss banking giant UBS sounded a note of caution to its customers that regulatory crackdowns can pop the “bubble-like” crypto markets. Furthermore, they said bitcoin might become an unsuitable option for professional investors. Beware of Popping The Bubble In a recent note, the multinational investment bank – UBS Group AG – warned its clients about the current dangers in the crypto market. Executives of the Switzerland-based institution opined that the recent regulatory...

The investment firm IBC Group, which has significant cryptocurrency mining operations in China, announced its intentions to close down all its Bitcoin and Ethereum mining facilities throughout the country. Instead, the organization plans to move its workers to Canada, the USA, the UAE, Kazakhstan, Iceland, and numerous South American nations. IBC Group Leaves China As a result of the crackdown on cryptocurrency mining launched by the Chinese government, the majority of the...

An ex-Cryptopia staffer admitted he stole nearly NZ$250,000 or about $170,000. He pleaded guilty on two charges – theft by a person in a special relationship and theft of more than NZ$1,000. How Did The Crime Occur? A former employee of the non-functional New Zealand cryptocurrency exchange, Cryptopia, confessed to stealing about $170,000 worth of digital assets. According to the hearing at the Christchurch District Court on Monday before Judge Gerard Lynch, the man made an...

The number of ether coins held on exchanges continues to decrease and has reached its lowest position in more than two years. This comes as the tokens sent to the ETH 2.0 contract reached a new all-time high of over six million. ETH on Exchanges Down to a 2.5Y Low According to data from CryptoQuant, the ETH reserves on centralized exchanges had seen a massive drop in the past several days and especially after the mid-May market crash when investors rushed to deposit their...

Although Dogecoin’s popularity might be declining lately, other copycats continue to garner people’s attention, especially in the USA. CoinMarketCap’s stats show that tokens like Doge Killer, Baby Doge Coin, and Shiba Inu were among the most trending ones last week in the States, while Bitcoin and Ethereum were down the list. What Do Americans Look For? Ever since the start of the year, meme coins have caught the attention of cryptocurrency insiders and outsiders. The trend...

The world finally has its first legal DAO, thanks to developments in the state of Wyoming. The American CryptoFED DAO, an organization dedicated to creating a monetary system resilient to fluctuations in value, received notice from the Wyoming Secretary of State’s office that its project had been officially recognized as a DAO in the United States. This is a major step for the project and decentralized governance initiatives. It shows that the U.S. is open to recognizing...

Coinbase executives continue to move among the big names in the financial landscape. This month, it was the turn of none other than U.S. Federal Reserve Chairman Jerome Powell. According to Powell’s working schedule for May, the head of the Fed had a face-to-face meeting with the head of the cryptocurrency exchange Coinbase Global Inc. on May 11. Paul Ryan, a former Speaker of the U.S. House of Representatives, was also invited to the event. The meeting lasted half an hour,...