Tag Archives: AA News

Twitter, the favorite social network among cryptocurrency lovers, has just announced that it will let its users to send Bitcoin to any account with a BTC wallet. Enabling Bitcoin tips is part of an even larger initiative. The company is expanding its support for payment processors of all kinds, including Patreon, Cash App, Venmo, Razorpay, GoFundMe, and Brazilian startup PicPay, which serves as an equivalent to Paypal or Venmo with some additional options such as cashback...

Jerome Powell – the active chair of the Federal Reserve – says they have begun studying whether to launch their own digital currency and will soon be releasing a paper on the matter. Possible Digital Currency for the United States Powell confirmed that investigations were underway in an interview with CNBC this Wednesday. “We are working proactively to evaluate whether to issue a CBDC,” said the chairman, “and if so– in what form.” Jerome Powell. Source: TimeHe follows with...

The Royal Monetary Authority (RMA) – Bhutan’s central bank – has joined forces with Ripple to launch a digital version of its national currency. The institution anticipates the initiative to boost the country’s financial inclusion by 85% in the next two years. Ripple and Bhutan Shook Hands The enterprise blockchain provider Ripple announced it would enable Bhutan’s central bank to employ its network to pilot a central bank digital currency: “Today, we are proud to announce...

Dubai World Trade Center Authority (DWTCA) announced recently that it has partnered with the UAE’s Securities and Commodities Authority (SCA) to make cryptocurrency trading, issuance, and regulation completely legal within its jurisdiction – the DWTCA freezone. DWTCA Makes Crypto Activities Legal Notably, the agreement was signed by the acting CEO of the SCA Dr. Maryam Al Suwaidi, DWTCA director-general Helal Saeed Al Marri, and an executive at the Dubai Department of Tourism...

Riccardo Spagni, the former Monero lead maintainer who was recently arrested for charges unrelated to the privacy token, has reported that US officials have released him from custody. CryptoPotato reported in early August when Spagni was arrested for alleged fraud committed between 2009 and 2011. The reports indicated that his crimes had nothing to do with his work for the popular privacy coin Monero, as they were dated long before the inception of the network. Instead, his...

The United States Department of the Treasury plans to penalize cryptocurrency exchanges that assist in ransomware attacks. The first such sanctioned company would reportedly be the Czech Republic-based trading venue – Suex. Suex to Face Sanctions According to a recent report, Deputy Treasury Secretary Wally Adeyemo alleged Suex of facilitating operations involving “illicit proceeds from at least eight ransomware variants.” On top of that, he added that 40% of the exchange’s...

The legendary football player – Tom Brady – once again demonstrated his support towards the digital asset industry. He said he would “love” to receive some of his earnings in Bitcoin (BTC), Ethereum (ETH), or Solana (SOL) tokens. ‘The Digital Age Is Upon Us’ Tom Brady – the seven-time Super Bowl champion and arguably one of the greatest football players – is, by all means, a strong crypto proponent. During a recent interview with Jim Gray on the Let’s Go Sirius XM podcast, he...

The popular decentralized cryptocurrency exchange aggregator, 1inch Network, will be expanding to Arbitrum. In a press release shared with CryptoPotato, the team revealed that the move is aimed at lowering transaction costs and improving throughput and withdrawal speeds. Arbitrum is an Ethereum scaling solution built using Optimistic Rollups, and it allows developers to cross-compile contracts for running on Arbitrum. This is aimed at ensuring full compatibility with Ethereum...

JPMorgan Chase and Deutsche Bank are among the financial institutions that are opposing the new rules that would require them to set aside a dollar in capital for every dollar of Bitcoin they own. The rules were proposed in June by a group of global central bankers and regulators known as the Basel Committee for Banking Supervision (BCBS). The Global Financial Markets Association, which includes the two banks and 5 industry associations, published a letter this week,...

American professional basketball team Philadelphia 76ers has announced a partnership with the leading cryptocurrency exchange CryptoCom. The initiative will see the popular NBA club launch its non-fungible token (NFT) on the digital asset trading platform. Philadelphia 76ers Partners CryptoCom Announcing the partnership in a press release today, 76ers noted that fans interested in obtaining the digital collectibles can log on to the CryptoCom NFT platform to get access. The...