Tag Archives: AA News

US President Joe Biden has officially renominated Jerome Powell as Chairman of the Federal Reserve, with competitor Dr. Lael Brainard as Vice President. That would put Powell in office for another 4 years, pending Senate confirmation, allowing his agenda for addressing inflation to be put to the test. Four More Years for Jerome Powell Biden unveiled his nominations in a white house statement earlier today. Justifying his decision, he credits the US economy’s falling...

The popular blockchain network – Elrond – has been getting a lot of traction lately, and this has propelled the price of its native EGLD token through the roof. It surged by almost 60% in three days. EGLD’s Rally Leading up to November 19th, EGLD’s price was around $300. However, last Friday, this changed drastically, and the token charted a new all-time high of around $492 today. One of the main reasons behind the price expansion might have been the $1.29 billion liquidity...

Emerald, the Ethereum Virtual Machine (EVM) compatible ParaTime developed by the privacy-focused blockchain protocol Oasis, has officially seen the light of day on Mainnet. Oasis aims to attract more projects from the DeFi, NFT, and gaming dApps industries onto its network with the move. The press release seen by CryptoPotato informed of the launch, explaining that Oasis Network wants to provide enhanced DeFi and NFT experience for its user base but only for a fraction of the...

The Australian Finance Services Minister – Jane Hume – publically backed up digital assets by saying they are not just a temporary trend. Additionally, she opined that decentralized finance (DeFi) presents “incredible opportunities” for Australia. ‘We Need to Acknowledge This Is Not a Fad’ Jane Hume – an Australian minister and senator – fired back at Tony Richards (Head of Payment at the Reserve Bank of Australia), who recently described cryptocurrencies as “faddish.” On top...

The debate over the feasibility of using Ethereum as the Swiss Army of the crypto-verse is heating up again now that DeFi, gaming, and NFT are enjoying a recent surge in popularity. But the outlook is not very positive considering the current state of affairs. The impact of xcessive fees, long confirmation times, and slow updates is starting to worry retail users, techies, and large investors. Ethereum Developers Should Focus on L1 Faced with the difficulties of delivering a...

Whoever thinks that meme cryptocurrencies are useless at this point might want to revise their expectations. A recent study suggests that in much of the United States, people are more interested in puppy-themed meme coins like Dogecoin or Shiba Inu than in the big serious projects that claim to be a financial revolution. Although Bitcoin and Ether occupy more than 60% of the total marketcap of all cryptocurrencies, during 2021, Dogecoin and Shiba Inu have won the hearts of...

The cryptocurrency field has come a long way in the past few years. From a niche market dedicated only to coders, developers, contrarians, and cryptography aficionados, it’s now a trillion-dollar industry that’s making a statement. One of the most definitive testaments to this is the growth of cryptocurrency exchanges and their mainstream adoption. In 2018, TechCrunch reported that the highly-prized domain name “Crypto.com” was bought for $10 million, according to experts,...

Cynthia Lummis – Republican Senator for Wyoming – recently fired back at Hillary Clinton for deriding cryptocurrencies. She suggested that Bitcoin offers a hard money solution to the US dollar’s inflation problems. Lummis Tells Clinton to Embrace The Future Lummis’s comments follow the cautionary words of former Secretary of State Hillary Clinton earlier this week. In a panel discussion at the Bloomberg New Economy Forum in Singapore, the latter suggested that...

The Israeli pensioner Esther Freeman has reportedly turned an ILS 10,000 Bitcoin investment, worth roughly $3K at that time, into ILS 1,000,000 (~$324K) in eight years. However, Hapoalim Bank – one of the largest in the country – denied accepting the profits as the initial investment source might have had a connection to illegal financial operations. Cash Is The Problem In 2013 a 69-year old retired citizen of Israel, Esther Freeman, decided to enter the cryptocurrency market...

According to Tony Richards – Head of payments policy at the Reserve Bank of Australia (RBI) – the assumption that 5% of the local population are Dogecoin owners is exaggerated. He also does not think that cryptocurrencies present a threat to the Australian dollar or the country’s financial network. Crypto Investors in Australia Are Not That Many The results of a recent survey revealed that one in every six Aussies is a cryptocurrency holder. Taking a closer look at the...