Tag Archives: AA News

El Salvador has announced another initiative related to bitcoin and some of the profits coming from the asset. Nearly a month after revealing that it will build a pet hospital, the crypto-friendly nation is now on its way to creating 20 BTC schools employing some of its investment gains. Bitcoin Education for The Salvadorans A recent tweet coming from the Press Secretary of the Presidency outlined El Salvador’s future plans. The governing body revealed that its bitcoin...

Ravi Menon – the head of the Monetary Authority of Singapore – sees a lot of potential in the cryptocurrency industry. As such, he vowed that the local regulator will not ban the asset class but rather implement an appropriate regulatory framework on it. The executive also raised hopes that Singapore can become one of the global leaders in the cryptocurrency space. Banning Crypto Is Not on The Agenda In a recent interview for Bloomberg, Ravi Menon – Managing Director of the...

The infamous whistleblower Edward Snowden opined somewhat negatively on Shiba Inu and its ability to bring fortune to its holders. According to him, the meme coin is nothing more than a “clone of dog money” that can turn to be a highly dangerous investment strategy. Do Not Mortgage The Farm to Buy SHIB In a recent tweet, the former National Security Agency consultant – Edward Snowden – became the next in line to comment on the current craze in regards to Shiba Inu (SHIB)....

Heterogeneous multichain blockchain network Polkadot revealed the successful passage of a proposal to enable registration and crowd loans for developers. The network’s native token – DOT – is recording a new all-time high surpassing the $50 mark in response to the news. Polkadot Council Approves Proposal The Polkadot team announced the news via the official Twitter handle on Monday (November 1, 2021). According to details shared on the Polkassembly platform, a network upgrade...

Peter Thiel – Co-Founder of PayPal and Palantir Technologies – believes the high price of bitcoin indicates that inflation has started shaking the financial network. He opined that investors should not rush to buy BTC when the USD value for a single token is more than $60,000. The Fed Is in a State of ‘Epistemic Closure’ The coronavirus pandemic and the catastrophic economic issues, which it brought became a reason for many governments to initiate controversial financial...

Fast-food giant Burger King has partnered with Robinhood to distribute cryptocurrencies to its customers. All buyers that make a $5 purchase will receive guaranteed Dogecoin, alongside a chance to win ether and bitcoin. Crypto With Your Combo Meal As detailed in a press release from Burger King earlier today, the new crypto giveaway is part of the business’ Royal Perks program. Members earn “crowns” for every dollar they spend at the restaurant, which may be redeemed for more...

The New York-based giant Digital Currency Group sold $700 million worth of shares in a secondary sale in a deal on Monday led by some high-profile participants such as SoftBank, Alphabet Inc’s Capital G, and Ribbit Capital. With this, DCG becomes the latest’ decacorn in the crypto space. The secondary round, which valued the company at $10 billion, witnessed the existing investors selling shares to new backers. DCG is not only the parent company of crypto-media platform...

Bitcoin’s price could add 60% of value in the next 30 days to close just shy of $100,000, predicted the analyst behind the popular stock-to-flow model, PlanB. He was spot on in regards to the September BTC close price and was agonizingly close in October. Bitcoin to Near $100K By November’s End? PlanB is among the most popular analysts in the cryptocurrency community, best known as the person behind the stock-to-flow model. It sees the stock as the size of existing reserves...

SQUID officially left the game. These, amongst others, are some of the reactions to what happened moments ago to one of the most widely-discussed tokens for the past couple of days – Squid Game (SQUID). The SQUID price tanked today – it’s down 99.99%, according to CoinMarketCap. The price of the cryptocurrency dropped from above $2,800 to $0.005 in a single red candle, indicating that what many thought to be inevitable happened – the project got rugged. A rug pull means that...

Retail investors have always played a major role in the cryptocurrency space, but it seems they are yet to arrive at the Bitcoin scene now; at least, this is what Google searches show for the largest cryptocurrency. Simultaneously, it seems they have a new favorite – Shiba Inu. Retail Are Not Here for Bitcoin Bitcoin and retail investors have frequently moved hand in hand. Back in 2017, when the cryptocurrency charted its then ATH of $20,000, smaller investors were primarily...