Tag Archives: AA News

With the last quarter of the year underway, bitcoin has reclaimed its dominance in the amount of interest shown by institutional investors as it leads the pack in weekly inflows. According to the latest Digital Asset Fund Flows Weekly report by CoinShares, institutional investors have continued to increase their exposure to digital currencies. The asset class saw a total of $90 million inflows in the last week, representing the seventh consecutive week of positive inflows....

Two of the largest digital wallet providers, namely Skrill and Neteller, will enable their millions of customers to buy and sell Solana’s native token – SOL. This addition comes amid the blockchain project’s rapid rise in terms of adoption and SOL’s price surge as of late. SOL on Skrill and Neteller Aside from allowing customers to interact with SOL, the announcement shared with CryptoPotato explained that both companies will provide direct fiat purchases due to the crypto...

Ken Griffin – Founder and Chief Executive Officer at the multinational hedge fund Citadel LLC – stated that his organization will start offering cryptocurrency trading services only if there is “regulatory clarity.” However, he is not keen on the asset class, opining that it threatens the strength of the American dollar. Citadel Can Jump on The Crypto Bandwagon During a recent interview, billionaire Ken Griffin pointed out the necessity of imposing a regulatory framework on...

Jamie Dimon reiterated his negative stance on bitcoin, saying it serves as the “fool’s gold of the future.” He also opined that the entire cryptocurrency industry will inevitably be put under a regulatory framework. Bitcoin Has No ‘Intrinsic Value’ The Chief Executive Officer of JPMorgan Chase & Co. – Jamie Dimon – is, by all means, a cryptocurrency critic. During a recent interview for HBO, he gave his reasons why he is against the asset class. He scratched the hot topic...

Popular NFT-based play-to-earn online game, Axie Infinity, will be raising approximately $150 million in a Series B funding round at a nearly $3 billion valuation. Andreessen Horowitz to Invest in Axie Infinity According to a recent report, which cited two unidentified sources “with direct knowledge of the deal,” the funding round will be led by popular American venture capital firm Andreessen Horowitz. Axie Infinity is a monster-battling game that uses NFTs to reward its...

Arab Bank Switzerland will enable its institutional clients to store, stake, and trade XTZ – the native cryptocurrency of the popular blockchain project Tezos. This announcement comes amid the token’s recent price surge, which led it to a new all-time high. The press release seen by CryptoPotato reads that the banking organization, founded in 1962, has selected Tezos to develop a new set of “innovative and compliant” on-chain digital financial products. The private bank will...

According to a new mandatory filing by Circle – the company behind one of the largest stablecoins USDC – the company is under investigation from the United States Securities and Exchange Commission. It appears that the regulatory scrutiny strengthens, and stablecoin issuers are also under the radar of legislators. In a recent filing, Circle, the company behind the world’s second-largest stablecoin by means of total market cap, revealed that it has received a subpoena from the...

Lord Fusitu – a Tongan barrister, landowner, and MP – is a fervent supporter of making Bitcoin a true currency inside the nation’s borders. He plans on tabling a bill to make Bitcoin legal tender alongside Tonga’s national currency, the pa’anga. Why Make Bitcoin Legal Tender in Tonga? Tonga is a small island nation and archipelago east of Australia. As reported by Financial Review, Fusitu’s first step towards adopting Bitcoin is to work with Jack Maller’s digital wallet...

Bank of America has published its report “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy, providing an in-depth analysis of the current state of the blockchain industry from cryptocurrencies to DeFi and NFTs. The report says that the industries of cryptocurrencies and decentralized finance services have grown to the point of being “too large to ignore.” BofA’s researchers note that nearly 221 million...

Following a collaboration with the BIS Innovation Hub, the Hong Kong Monetary Authority (HKMA) released a technical Whitepaper on retail CBDC, called “e-HKD: A technical perspective.” The financial institution expects to come up with an initial view of the project by the middle of 2022. One Step Closer to a CBDC The HKMA doubled down on its efforts of launching a digital Hong Kong dollar (e-HKD). After exploring the project’s potential benefits with peer central banks, the...