Tag Archives: AA News

Mike Novogratz is not happy with U.S. President Joe Biden’s decision to pick Jerome Powell to chair the Fed for a second term. And he’s speaking not as a Bitcoiner but as an overall investor: He believes Powell could be detrimental to the markets’ growth. In an interview for CNBC this week, Novogratz hinted that from his point of view, Jerome Powell had failed to understand the political and economic reality of the United States and that the markets have a similar view, being...

Andrés Iniesta – a legendary soccer player who helped Spain win the 2010 World Cup – recently advertised the cryptocurrency exchange – Binance – on some social platforms. However, the National Securities Market Commission (CNMV) warned him that promoting such investments is not wise since digital assets are “unregulated products” that carry some “significant risks.” Iniesta’s Binance Affair On Wednesday, Andrés Iniesta – a soccer star playing for the Japanese Vissel Kobe and...

Avinash Shekhar – Chief Executive Officer of the cryptocurrency exchange Zebpay – predicted that the Indian lawmakers are more likely to impose tough rules on the digital assets than prohibit their usage. The exec added that regulation in the sector is necessary as it could bring many innovators and multibillion-dollar companies. The Vibes Do Not Indicate for a Total Ban The cryptocurrency environment in India is controversial, to say the least. The authorities of the largest...

Hillary Clinton – former first-lady and US Secretary of State – recently called for the Biden administration to regulate the crypto markets. She said the technology could be “manipulated” by Russia and China, and even “destabilize” the dollar’s status as the world reserve currency. Crypto Versus America Clinton re-affirmed her anti-cryptocurrency stance in conversation with MSNBC’s Rachel Maddow on Wednesday. Her comments were part of a larger conversation on regulating tech...

PlanB admitted that his worst-case scenario in terms of BTC’s price movements is about to be proven wrong for the first time. The analyst’s model forecasted a $98,000 price tag for the asset at the end of November, which seems somewhat of a long shot as of now. PlanB’s Worst-Case Scenario CryptoPotato has previously reported the accuracy of PlanB’s worst-case scenario (floor model), as he referred to it, which is separate from the popular stock-to-flow model. However, it was...

Brad Garlinghouse – CEO of Ripple – recently stated that Dogecoin might not be good for the crypto market. In the context of using cryptocurrencies as an inflation hedge, he said that the meme coin’s inflationary nature doesn’t fit well into that picture. Can Doge Really Fight Inflation? The CEO aired his thoughts on the meme coin in a CNBC-moderated panel discussion at the Fintech Abu Dhabi event on Tuesday. While discussing the broader cryptocurrency market, he said that...

Breadwallet – an open-source cryptocurrency software wallet – recently announced that it has been acquired by Coinbase. In response to the news, BRD token’s price has soared by 400%. Breadwallet Joins Coinbase Breadwallet announced its acquisition by Coinbase in a blog post earlier today. The team stated that it will work with the exchange to bring decentralization to more users around the world. “At this time, nothing will change in the BRD wallet app,” read the statement, ...

Senator Sherrod Brown appears to be keen on understanding how the process of stablecoin minting and redemption actually work. A comprehensive regulatory regime for stablecoin is the need of the hour, a failure to roll out one will prompt the watchdogs to step in. The head of the US Senate Banking Committee has called upon stablecoin issuers and platforms to disclose their process. Sen. Sherrod Brown (D-OH), Chair of the Senate Banking, Housing, and Urban Affairs Committee,...

Since EIP-1559 took effect in August, Ethereum has now burned over 1 million Ether from circulation. At today’s prices, that’s over $4.2 billion in value. Torching The Ethereum Network Data from Watch The Burn reveals the Ethereum network’s achievement of this latest milestone. At the time of writing, it shows that 1,002,000 ETH have been burned since the London hard fork on August 5th. The network has proven capable of maintaining its high burn rate, which saw its first $1...

Trends in the cryptocurrency industry tend to change rather quickly. People’s attention can go all in a particular asset but could disappear just as quickly. This seems to be the case with the hottest digital asset of the past few months – Shiba Inu. It was everywhere. From its mind-boggling price surges to different companies trying to get on board to catch the wave, Shiba Inu’s name was discussed left and right not only on crypto media outlets and Twitter but also on more...