Tag Archives: AA News

The Norwegian Minister of Climate and Environment – Sveinung Rotevatn – revealed he owns Bitcoin. According to him, the digital asset is a ”well-suited store of value.” The minister of one of the most renewable energy-focused governments also spoke about the relation between BTC and the environmental challenges. Bitcoin is Exciting Many experts and officials commented on the crypto bull run and especially Bitcoin’s notable performance in the past months. The Minister of...

The veteran US exchange Kraken has added Cardano (ADA) staking as of May 4th. This comes amid the growing interest in the cryptocurrency, the price of which has been on a roll since the start of the year. Staking in the cryptocurrency world requires the token holders to lock a certain amount of coins based on the proof of stake algorithm or any of its varieties. As such, they receive the right to vote and participate in the governance of the network and get rewards in new...

Mercado Libre – the leading fintech and e-commerce company in Argentina – has joined other large corporations in holding BTC on its balance sheet. The institution revealed it purchased $7.8M worth of the cryptocurrency. Another Company to Buy BTC Purchasing the primary cryptocurrency and adding it to their balance sheets seems like a growing trend for many of the world’s largest companies lately. As revealed earlier this year, the electric vehicle giant Tesla, the payment...

The CEO of MicroStrategy – Michael Saylor – outlined that the leading digital asset Bitcoin has no existential threats. According to him, the cryptocurrency will dominate the 21st century as a store of value. The Future For BTC Michael Saylor expressed his opinion about the primary cryptocurrency Bitcoin on a YouTube interview for Kitco News today (May 6th). He gave a very optimistic forecast regarding the future of the digital asset, saying that it does not face any...

The latest developments around the popular blockchain project founded by Charles Hoskinson have pushed the native digital asset to new highs. ADA has skyrocketed by more than 800% since the start of the year, and its latest ATH came at $1.7 earlier today. Released in 2015 by the former Ethereum co-founder Charles Hoskinson, Cardano is an open-source, public blockchain platform. Following years of development, the project started to pick up speed in 2021 with numerous notable...

Bitcoin investors have withdrawn considerable quantities of their holdings from crypto exchanges, suggests on-chain data provided by CryptoQuant. The firm believes there’s a potential price uptick in the making as sell pressure has declined. BTC Investors Withdraw Their Tokens As with every tradeable asset, bitcoin’s price is formulated based on supply and demand. In bitcoin’s world, the amount of available supply on exchanges could impact the asset’s value as investors...

The large law firm CMS selected the blockchain service company Stratis, for its equIP legal accelerator program. As a result, Stratis and CMS will offer support and guidance to startups requiring legal counsel. CMS Adds Stratis to Accelerator Program Founded in 1999, CMS is an integrated, multi-jurisdictional organization of law firms that offers full-service legal and tax advice. The firm has more than 70 offices in over 40 counties with nearly 5,000 lawyers. In a press...

The South Korean cryptocurrency exchange platform V Global was accused of luring 40,000 people into illicit multi-level deceit. The entire scheme amounts to more than 1.7 million won, which equals $1.5 billion. The Investigation As reported by the Korean officials, the police raided many places in the country related to a virtual cryptocurrency exchange, and its notorious CEO – known as LEE – alleged to fundraising without regulatory permission. The authorities blocked the...

Members of the popular WallStreetBets Reddit forum were suspected of a presumable cryptocurrency fraud that could have caused losses of no less than $2 million. By creating a designated Telegram group, they duped investors by guaranteeing remarkable returns through capitalizing on the recent crypto market rally. The Core of the Hoax Per a report by Bloomberg, alleged members of the WallStreetBets Reddit Forum used the Telegram messaging service to execute a blatant scam. A...

The cryptocurrency space continues to expand beyond its borders as Grayscale has partnered with the professional American football team, the New York Giants. As a result, the largest crypto asset manager will become the “Presenting Sponsor” of the NFL team’s charity foundation. The four-time NFL champions announced the collaboration with Grayscale earlier today in a press release. It reads that the latter has become the Official Digital Currency Asset Management Partner of...