Tag Archives: AA News

Silicon valley billionaire bitcoin advocate and Twitter chief Jack Dorsey has finally joined the NFT craze. It was long coming, but Dorsey has made his grand entrance to the scene. He digitized his very first tweet and has auctioned it on Valuables, a platform that allows individuals to tokenize and sell their tweets.At the time of this writing, Justin Sun has bid $2 million for the piece.“Virtually” Anything is Possible With NFTsDigital asset enthusiasts have broken the bank for real estate...

A day after being indicted for several criminal offenses, including money laundering schemes and fraud, John McAfee has called the allegations brought by US authorities “overblown.” The former software antivirus creator also defended his ICO promotions and receiving payments with the particular coins.DOJ Goes After McAfeeThe former antivirus tycoon made a name in the cryptocurrency space a few years back with the “Coin of the Day” campaign, in which he promoted certain low-cap alternative...

A crypto-oriented survey compiled by the US multinational investment giant, Goldman Sachs, revealed that the general sentiment on bitcoin and other digital assets is primarily bullish. Nearly half of respondents, representatives of corporations, hedge funds, and banks, own a form of crypto, and most expect their portfolio to expand in value in the following two years.Bullish Perspective on Crypto: GS Survey ShowsGoldman Sachs posted the key takeaways from its Digital Assets Client Survey that...

The co-founder of a fraudulent ICO project that duped more than $25 million from investors, Sohrab Sharma, has received a sentence of eight years in prison for his role.The project itself, dubbed Centra Tech, was previously backed by several celebrities, including the boxing legend Floyd Mayweather and the producer DJ Khaled.Centra Tech Co-Founder Behind Bars for 8 YearsFounded in 2017, Centra Tech marketed itself as a debit card provider that supposedly allowed purchases with...

Bitcoin continues to attract more funds previously put in gold, bonds, and stocks, said Bloomberg in its latest crypto-related report. The paper forecasted $100,000 as the next possible price threshold while also outlining that BTC has begun the process of replacing gold as the hedge of choice.Bitcoin Displaces Gold?The narrative that bitcoin, also referred to as digital gold by some, will or has already started to replace the precious metal has been widely discussed within the cryptocurrency...

PAID Network, one of the most popular Initial DEX Offerings (IDOs) that took place on Polkastarter’s platform a while ago and brought tremendous returns to private sale investors, is going through what seems as a massive attack.PAID Network, one of the most popular and heavily promoted IDOs that brought massive returns to private sale investors, seems to have been exploited.Multiple reports on social media point towards the exploit.It appears that over 59 million PAID tokens were minted and...

Yearn Finance (YFI) and Cover Protocol (COVER) announced today that the merger process between both, initiated last November, will come to an end. The breakup between both has resulted in a big hit for the price of COVER.Yearn Finance Breaks up With Cover ProtocolIn November 2020, Yearn Finance’s founder and arguably one of the most influential figures in the field of decentralized finance (DeFi) announced that they will join forces with the market coverage provider Cover Protocol.Today,...

The first consequences from the FCA ban on crypto derivatives trading in the UK are evident for the popular digital asset exchange Bybit. The company announced earlier that it will suspend its services to all customers based in the United Kingdom. Established in 2018, Bybit is a cryptocurrency exchange headquartered in Singapore with a reported user base of over one million registered clients. However, the firm will seize offering its services to UK-based customers, according to a recent...

Ripple’s CEO Brad Garlinghouse told Reuters in an interview today that the company is still conducting and growing its business in the Asia Pacific region despite the SEC legal case against Ripple and its executives. The last four months have been some of the toughest for Ripple after the company was slammed with a $1.3 billion lawsuit by the United States Security and Exchange Commission (SEC). The regulator alleged that Ripple and its executives, including Garlinghouse, conducted an...

Less than a year after launching its IOHK-owned network of federated nodes, Cardano is on schedule to reach full decentralization at the end of March 2021. At that point, the already established network of over 1,800 community pools will be responsible for producing all new blocks.Cardano Goes for Full DecentralizationWith the approaching so-called D (=0) day, IOHK, the company behind the popular blockchain project Cardano, published a post highlighting the latest milestone in its...