Tag Archives: AA News

Bitcoin’s price is up a considerable 100% since the lows below $30K a few months back, but one analyst believes that the true “bubble” hasn’t even started yet. According to CryptoQuant analyst who goes by the Twitter handle venturefoundEr, we have yet to see the real BTC bubble. He argues that “bubbles form when the momentum of short-term returns attracts enough money that the makeup of investors shifts from mostly long-term to mostly shor-term.” At the time of this writing,...

United Wholesale Mortgage (UWM) – a leading mortgage provider in the USA – has decided to stop allowing its customers to settle payments in cryptocurrencies, citing “regulatory uncertainty” in the industry as a reason. Change of Heart In August, the Michigan-based wholesale lender – United Wholesale Mortgage – announced that clients could pay for home loans in Bitcoin and thus became the first major US mortgage lender to adopt digital assets as a payment method. Later on, it...

Several months after initially outlining plans to become a publicly-traded firm, Bakkt has announced that the event will take place on Monday – October 18th. Thus, Bakkt will join the likes of Coinbase as a cryptocurrency-related company having its shares traded on giant stock exchanges. CryptoPotato reported at the start of this year Bakkt’s intentions to go public through a merger with VPC Impact Acquisitions Holdings. The two parties indeed merged shortly after clearing...

North Vancouver, part of the Canadian district of British Columbia, is on a path to become the first city that employs bitcoin mining for heating residential and commercial buildings. The initiative should be available from 2022 after a partnership between the cryptocurrency miner – MintGreen – and the Lonsdale Energy Corporation (LEC). BTC Mining as an Alternative Heating Option Bitcoin mining’s impact on the environment has been causing significant controversy recently,...

Jurrien Timmer – Fidelity’s Director of Global Macro – believes bitcoin will trade at $100,000 by 2023. Regarding its correlation with gold, he said both assets are “different players in the same team.” The Road to $100K Bitcoin’s price has been, and most probably will remain, one of the hottest topics in the cryptocurrency space. Future predictions are also frequently discussed, and the end of 2021 is the next time target, which many proponents and analysts see bitcoin...

The professional NBA team – the Sacramento Kings – and the blockchain company that offers cloud computing services – Ankr – shook hands on a multi-year collaboration. Throughout the engagement, the two entities will produce educational content about the cryptocurrency space and blockchain technology. The Kings’ New Crypto Endeavor The National Basketball Association announced the news on its website. Apart from educating sports fans about the merits of the digital asset...

In a recent blog post, the developers of Axie Infinity, the most popular NFT game in the crypto ecosystem, were pleased to reveal that the fighting monsters were the most traded NFT collection of all time and thanked the players for this achievement. Comparisson between Axie Infinity and the rest of the most popular NFT collections. Image: Axie InfinityNow, just two weeks after that post, the Axie Infinity team announced the 1.1.0a update, with changes to the game’s dynamics…...

Jack Dorsey, the CEO of Twitter and Square, has more plans in the works for building out the Bitcoin network. Dorsey just announced that Square – the financial services company – is considering creating a Bitcoin mining system to decentralize mining worldwide. Decentralizing Mining for People and Business The Twitter CEO confirmed his plans in a thread on Twitter earlier today, explaining how his system will work and why it’s necessary. His ideal system would use “custom...

As the global interest in cryptocurrencies continues to gain momentum, Queensland Investment Corporation (QIC), Australia’s fifth-largest pension funds manager with A$92.4 billion ($69bn) of assets under management (AUM), has disclosed that it may delve into such investments in the future. Stuart Simmons, QIC’s head of currencies, told the Financial Times in an interview today. Regulatory Uncertainty Scares Australian “Super” Based on the massive growth of the crypto market...

The United States Commodity and Futures Trading Commission (CFTC) has ordered Tether and Bitfinex to pay fines worth $42.5 million. In a release from today, October 15th, Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited – all companies associated with the issuer of the largest stablecoin USDT, Tether, were ordered to pay a fine worth $41 million. This was issued by the CFTC on the grounds of “misleading statements and...