Tag Archives: AA News

The Co-Chief Investment Officer at SkyBridge Capital believes that Bitcoin (BTC) and Ethereum (ETH) would be the leading assets in terms of a store of value. Furthermore, he opined that the primary cryptocurrency would become the main financial instrument for transaction use. Bitcoin and Ethereum as Store of Value Assets Despite the ongoing crypto market downturn, SkyBridge Capital’s CIO – Troy Gayeski – praised Bitcoin as an asset class and highlighted its benefits. In a...

Jihan Wu, the founder and former CEO of the crypto mining company Bitmain, believes regulations are necessary for the cryptocurrency industry. In fact, they could be beneficial for the space as it would isolate it from bad actors and fraudulent activities. Wu: Crypto Regulations Are Healthy The topic of implementing a legislative framework around the crypto market has become wildly discussed in the past year or so as prices blossomed to new highs. Global watchdogs have...

The American hedge fund manager Kyle Bass sounded a note of caution that the communist regime in China plans to use its new state-controlled digital yuan as an instrument to disperse its totalitarianism across the globe. He opined that it would have a devastating impact on the US, and the latter should ban it. The Chinese CBDC Will Have a “Mind of its Own” In a recent interview, the billionaire Kyle Bass argued that the Chinese digital yuan is a financial tool, which the...

Wellbots, a U.S.-based smart product online retailer, has announced that its customers can now make payments for goods at checkout using six cryptocurrencies.  Wellbots Now Accepts BTC  Announcing the development in a press release today, Wellbots said it will now accept Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and popular stablecoins Dai and USD Coin (USDC) for its smart products.  Before this time, the online store only accepts traditional payment...

With bitcoin’s price correcting in the past few months, the usage of the network has also declined substantially. The estimated daily USD transaction value on the blockchain, the number of transactions, the on-chain activity, and miners’ revenue have all dropped since their respective peaks earlier this year. Transaction Count and USD Value Drop According to data from Blockchain.com, the daily confirmed transactions on the world’s largest blockchain have seen a massive...

Gaming developers employing the services of Community Gaming will be able to take advantage of enhanced scalability through a new collaboration with the popular blockchain-based Layer 2 protocol – Polygon. Community Gaming Partners with Polygon Describing itself as an “all-in-one platform offering esports infrastructure to all key stakeholders in the industry,” Community Gaming is a blockchain-based project providing developers with a scalable network for their goals. In...

After the Bitcoin and Ethereum Trusts, Grayscale’s Digital Large Cap Fund has also filed and been approved to become an SEC-reporting product. Additionally, the largest digital asset manager has filed three more Registration Statements with the Commission. Grayscale Investments, the large cryptocurrency asset manager, filed a Registration Statement on Form 10 with the Securities and Exchange Commission earlier this year. The company announced on July 12th that the application...

Hive Blockchain Technologies Ltd, the cryptocurrency mining firm that went public in 2017, has purchased more than 3,000 mining devices. The machines, MicroBT WhatsMiner M30S, should increase the firm’s overall Bitcoin hash rate by nearly 50%. HIVE Buys 3,019 Miners The company announced its latest purchase in a press release on July 12th. The equipment will be put to work shortly with an aggregate hash power of 264 Petahash per second, which should increase the overall BTC...

One of the largest financial institutions in South Korea – Woori Financial Group – will offer crypto custody services to its clients. Its banking unit – Woori Bank – will launch the initiative in a partnership with the fintech solutions provider – Coinplug Inc. Woori Bank Dives into Crypto According to a report from The Korean Economic Daily, Woori Bank will be the next South Korean bank to enter the digital asset custody services (DACS) market. The institution teamed up with...

The Swedish resident – Roger Nils-Jonas Karlsson – pleaded guilty to luring at least 3,575 people into a fraudulent Bitcoin investment scheme. According to the investigation, he embezzled more than $16 million from his illegal actions and will spend the next 15 years in federal prison. The Pension Plans Turned out to Be a BTC Scam The Department of Justice (DOJ) revealed that the 47-year-old Roger Nils-Jonas Karlsson skimmed thousands of people in a typical “Ponzi scheme”...