Tag Archives: AA News

Solana mainnet has stopped processing transactions. The popular blockchain halted over 7 hours ago. Meanwhile, Ethereum layer 2 solution Arbitrum has experienced an outage. Potential Restart Incoming As tweeted by Solana Status, the Solana mainnet began experiencing “intermittent instability” several hours ago, and developers are still getting to the bottom of it. The account followed up two hours later, revealing that “resource exhaustion” was causing a denial of service on...

Ethereum’s hashrate has recently reached a new all-time high (ATH) as miners have resumed operations despite the hostile approach undertaken by Chinese authorities earlier this year. China Clampdown Disrupts Ethereum’s Rally Recall that Ethereum’s hashrate had hit a peak of 632.8 TH/s on May 19, 2021, following increased activities on the network just after ETH hit an ATH above $4,300. However, the hashrate started to suffer after the Chinese authorities launched a full...

The Cloud arm of the world’s largest search engine has partnered with Dapper Labs – a blockchain-based company that developed the NBA Top Shot marketplace. Google Could will provide the necessary support to help scale Dapper’s Flow blockchain. As reported by Forbes on September 14th, Google has decided to make its first steps in the blockchain space by inking a partnership with Dapper Labs. Founded in 2018, Dapper Labs is a Canada-based blockchain company that is perhaps best...

Investors’ appetite for trading non-fungible tokens (NFTs) seems to have significantly decreased after the all-time highs recorded in August. In fact, during the last three days, Ethereum-based NFT trading volumes have not surpassed $100 million, while at the end of August, they exceeded $500 million for a single day. NFT Trading Volumes Heading South According to a recent analysis by Alex Thorn – Head of Firmwide Research at Galaxy Digital – non-fungible tokens’ daily...

The American fintech company – MoneyLion – announced it would enable users to trade digital assets via its all-in-one financial services application. While initially clients would be able to operate only with Bitcoin and Ethereum, the firm intends to add more cryptocurrencies to the offering in the future. MoneyLion Joins The Crypto Trend According to a recent press release, the US mobile financial technology company – MoneyLion – launched a new cryptocurrency service to its...

The Austrian investor – Ronald-Peter Stoeferle – opined that bitcoin’s USD value would skyrocket with unimaginable temps in the next decade. Still, he believes that the primary cryptocurrency would never flip gold praising the precious metal as the most secure financial instrument. As such, he made a compelling argument that gold operates as a safe Volvo, while BTC is a wild ride like a Ducati. How Does BTC’s Future Look Like? In a recent interview for Kitco News,...

Tesla’s CEO – Elon Musk – bought a new dog and gave him a name (Floki) – so far, nothing out of the extraordinary. But the puppy’s name has caused fluctuations in the cryptocurrency space, with recently emerging coins called Floki skyrocketing in value. The Hype Around Meme Coins and Musk’s Role It’s safe to say that the digital asset industry has its rather controversial moments. Meme coins are typically a good example. Dogecoin – a token created as a joke in 2013 – surged...

The New York City-based global investment firm intends to double down on its cryptocurrency endeavors by partnering with a trading platform called NAX and Algorand to raise a quarter of a billion dollars to spread blockchain usability among institutions. CNBC report outlined SkyBridge Capital’s latest endeavor in relation to the digital asset industry. The institution has joined forces with NAX to raise $250 million through a series of fundraising events. The plan is to...

Coinbase announced today its intentions to hold a private offering of $1.5 billion of senior notes. The company plans to allocate the funds to product development, acquisitions, and new personnel. According to a press release dated September 13th, the largest US-based exchange will offer $1.5 billion aggregate principal amount of its senior notes due 2028 and 2031 in a private offering. The firm said it will “fully and unconditionally” guarantee the notes. The parties aiming...

Business intelligence company MicroStrategy, spearheaded by Michael Saylor, has purchased over 5,000 bitcoin worth $242.9 million. Thus, the firm’s total BTC holdings have increased to over 114,042. MicroStrategy founder and CEO Michael Saylor announced the latest bitcoin purchase via Twitter on Monday, September 13th. According to the executive, the business intelligence firm purchased 5,050 BTC, at an average price of approximately $48,099 per bitcoin. MicroStrategy has...