Tag Archives: AA News

It seems the number of crypto users has doubled since January 21 this year, according to research on global crypto adoption by Crypto.com.  The report gathered information from 24 leading crypto exchanges using on-chain data based on various parameters —identifying over 220 million users by the end of June. February and May were the months when the inflow of new users reached their peak: 203 million.  Altcoin Market Surged Largely Thanks to SHIB and DOGE The altcoin market...

The International Monetary Fund opined that risks and costs outweigh the potential benefits of digital assets. They can also be highly volatile, and thus their implementation as national currencies is not suitable for now. Cryptocurrencies Are Not Related to The Real Economy The International Monetary Fund (IMF) warned in a recent publishment that digital assets are not quite ready to be employed as national currencies. Despite highlighting their potential to provide faster...

The American financial institution State Street Corporation will reportedly start offering digital assets services for its private-fund clients. The bank’s partner in the move is the back-office crypto-focused technology company – Lukka Inc. State Street Dives Deeper into Crypto According to a recent Bloomberg report, the leading US bank – State Street Corporation – is looking to offer cryptocurrency reconciliation, reporting, and processing services to its private-fund...

PayPal will reportedly take another step in its cryptocurrency endeavors and roll out a “super app wallet” for its American users. The company will launch the upgraded version in the upcoming months. Additional Crypto Capabilities for PayPal Clients The Chief Executive Officer of the company – Dan Schulman – revealed during PayPal’s Q2 2021 Earnings Call that the firm would enhance its digital assets services by offering its users an upgraded version of its application. Named...

The Vice President of Ghana – Dr. Mahamudu Bawumia – opined that embracing cryptocurrencies would be beneficial for the trade sector on the African continent. He believes that digitization is the tool that will help the economies to revive again after the devastating consequences of the COVID-19 pandemic. Digital Currencies Can Improve Trade During the Fifth Ghana International Trade and Finance Conference in the capital Acra, the nation’s Vice President argued that African...

Vasant Prabhu – Chief Financial Officer of the company – opined that crypto-related transactions using Visa are beginning to dwindle. The top executive informed that their peak was in April and May, followed by a drop starting from June. Cryptocurrency Transactions with Visa Are Calming Down The American multinational financial services corporation – Visa Inc. – recently announced its results for fiscal Q3 2021. According to the report, the company’s last three months were...

During the first half of 2021, the ETH volume surged by more than 1,400% totaling $1.4 trillion, while BTC’s increased by 489%, reaching a total of $2.1 trillion. ETH Beats BTC for The First Time Coinbase took data from 20 trading venues and released a report, where it informed that Ether’s trading volume spiked by 1,461% during the first six months of 2021. Its total climbed to $1.4 trillion compared to $92 billion in the first half of 2020. In the meantime, Bitcoin marked...

It’s been two months since Ethereum’s co-founder Vitalik Buterin shocked the entire crypto community with his $1 billion Shibu Inu (SHIB) donation to the COVID-Crypto Fund in India. However, cashing this in revealed to be troublesome, according to the fund’s creator. Only $20M Have Been Disbursed But to date, only an infinitesimal portion of the tokens have been distributed, according to Sandeep Nailwal, Polygon’s co-founder and the creator of the Fund that received the...

Saber, a cross-chain stablecoin and wrapped tokens exchange built on the Solana protocol, recently announced that it had raised $7.7 million in a just-concluded seed funding round led by Race Capital.  Saber Secures Funding From Industry Investors  Other venture capital firms that participated in the equity funding round include Jump Capital, Multicoin Capital, Chamath Palihapitiya’s Social Capital, and Solana Foundation, among others.  The $7.7 million investment round also...

Developer’s of the privacy token Monero (XMR) have found a bug that breaks its transaction privacy, according to recent tweets on Monday. The official Monero Twitter account warned users of a “rather significant bug” in the Decoy system. The bug was at first discovered by software developer Justin Berman when he found out that if a user spends their XMR tokens after 20 minutes of receiving them (two blocks time), it’s likely that their transaction will be identified as the...