Tag Archives: AA News

The crypto-friendly digital banking app – Revolut – announced it had raised $800 million in a new funding round led by SoftBank’s Vision Fund and Tiger Global Management. The fundraising turned the company into one of the largest fintech unicorns in Europe, as it is now valued at $33 billion. Revolut Becoming a Super-Unicorn According to a Reuters report, Revolut has secured $800 million in a new funding round. The Japanese financial giant SoftBank and the American investment...

After another week of consolidation for bitcoin, with a drawdown to $31k, investors look to the weekend for a sigh of relief as the GBTC shares unlock continues. On-chain analysts detected an unusually large inflow of 41,000 BTC over a few transactions into Coinbase Pro Exchange, in just one hour.  The immediate reaction from Crypto Twitter was fear and calls for BTC “to $20k or $10k BTC.” This looks like a bearish signal, but we have to recognize the fact that crypto...

The non-profit organization – American Cancer Society – plans to hire a product supervisor to oversee its potential cryptocurrency and NFT roadmap. The best candidate needs to have experience in fintech, knowledge of payments processing, and a passion for digital assets. The ACS Wants to Be The Leading Digital NPO The health organization dedicated to fighting cancer seems highly interested in getting involved with cryptocurrencies. According to a job posting, the American...

The Japanese government intends to put stablecoins under strict regulation as some authorities consider them a threat to the country’s financial stability. At the same time, the Bank of Japan aims to issue a digital yen that it sees as a safer alternative to private virtual currencies. Japan’s Next Crypto Move According to Reuters, three Japanese officials revealed that the country is looking to increase its efforts to regulate digital assets. Per the report, some local...

After years of bashing Bitcoin, one of America’s largest banking establishments – Bank of America – seems to have completed its 180-turn. The organization has purportedly approved the trading of BTC futures. Citing two sources familiar with the matter, CoinDesk reported that the Wall Street behemoth will enable some of its customers to trade BTC futures. The plan to allow only a handful of clients to access the new service is because of the large amount of margin required to...

Binance announced earlier on July 16th that it has “effective immediately” halted one of the most recently-released services – trading digital tokens representing equity stocks. This comes amid the exchange’s regulatory issues in numerous countries. CryptoPotato reported in April 2021 when the leading cryptocurrency exchange added support for a new product enabling its users to interact with fully-backed digital tokens representing equity stocks. After initially adding...

THORChain is the latest DeFi project to be exploited, with estimations showing that the hackers might have swooped up to $7.6 million in digital assets. The team behind the decentralized exchange promised to make whole all affected users and requested the perpetrators to contact them to discuss the return of funds. THORChain highlighted the hack on Twitter earlier on July 16th. The amount stolen remains unconfirmed as the initial estimations showed that it was more than...

Jackson, Tennessee, could soon implement BTC for property tax payments, according to the city’s mayor – Scott Conger. He made this statement shortly after bashing the US government for the unnecessary high inflation rates across the entire country. Scott Conger, the mayor of Jackson, Tennessee, since 2019, took it to Twitter to indicate that the local blockchain task force is looking into how the city “can start property tax payments in bitcoin.” Furthermore, he indicated...

PayPal’s decision to support operations with cryptocurrencies has brought outstanding results, and a few hours ago, it just hit the gas pedal and increased the limit on cryptocurrency purchases giving its customer more freedom to buy their beloved digital assets. According to an Official PR, duly registered customers will now be able to buy up to $100,000 in crypto per week, without any other monthly or yearly limit. The company assured that the move comes in response to the...

The Biden administration reportedly plans to take severe measures on the use of digital assets in ransomware attacks by starting to track such transactions. Crypto Tracing to Combat Cyber Attacks The governing body of the USA discussed how to combat the growing number of ransomware attacks during a virtual briefing with members of Congress. According to Bloomberg, the Biden administration will begin tracing digital assets sent to hackers, who harm firms, corporations, and...