Tag Archives: AA News

Bitcoin is destined to fail due to its inherently risky nature that exposes investors to threats, said the General Manager of the Bank for International Settlements, Agustin Carstens. The executive, who has portrayed adverse feelings against the primary crypto for years, suggested that only central banks should issue digital currencies.BIS GM Criticize BTC’s Risky And Volatile NatureBitcoin’s parabolic increase that took the asset from about $10,000 in early October 2020 to an all-time high...

Ameritrade, a popular US-based trading platform owned by Charles Schwab, and Robinhood, an American financial service company, have suspended GameStop (GME) trading following the recent controversy.Simultaneously, the former SEC Chair Jay Clayton said that the traditional financial markets need significant readjustments as they are not functioning in everyone’s best interest.Ameritrade And Robinhood Halt GME TradingThe saga around a video game company struggling for years to revamp its...

To say that we’re witnessing something exciting would be a massive understatement. The users behind the Wall Street Bets group continue to surprise the market and they supposedly have a new target: American Airlines.As CryptoPotato reported yesterday, the price for GameStop (GME) stocks soared days after millions of users in a Reddit group called Wall Street Bets decided to buy it in an attempt to liquidate large Wall Street hedge funds who have been shorting it heavily.The results? Well,...

With nearly 90% of investments located in its Bitcoin Trust, Grayscale could be providing new diversification products to its institutional investors. Recent filings in Delaware revealed that the company has registered for new cryptocurrency products for the privacy-oriented coin Monero and three DeFi tokens – Polkadot, Cosmos, and Aave.According to the filings made by the Delaware Trust Company, listed as Grayscale Investment’s statutory trustee for the state, the asset manager has already...

Guggenheim Partners CIO Scott Minerd has shared another warning of possible Bitcoin declines. The Wall Street executive predicted a massive correction, dragging the primary cryptocurrency down to $20K. He pointing out that institutional interest is not enough to stabilize BTC above $30K.Institutional Demand is Not EnoughInstitutional interest towards Bitcoin will not be enough for the primary cryptocurrency to keep its head above the $30K price level. In a recent interview with Bloomberg TV,...

The giant social media platform Reddit has doubled-down on its blockchain and cryptocurrency involvement with a new partnership with the Ethereum Foundation. As a result, Reddit plans to utilize the Ethereum network to create larger-scale applications like the Community Points introduced last year.Reddit Doubles-Down On BlockchainCryptoPotato reported last year that the San Francisco, US-headquartered platform launched Community Points as tokens built on the Ethereum blockchain. Users from...

Digital asset management outfit Arca has secured $10 million in Series A funding as the company sets out to bootstrap its expansion in the emerging fintech scene. Crypto asset management firms are also seeing increasing inflows as investor appetite for digital assets continue to grow.RRE Ventures Leads $10M Arca Funding RoundArca announced the news of its $10 million Series A funding via a press release issued on Jan. 13. According to the press statement, RRE Ventures led the investment into...

Although the price of bitcoin fell by over $10,000 since its all-time high of $42,000, historical on-chain data suggests that the asset could still experience a significant increase in the following months.Simultaneously, another indicator implied that BTC’s correction has gone through its most harmful stage and could end soon.BTC’s Correction To Finish Soon?Following a substantial price increase that led to a new all-time high in early January, the primary cryptocurrency hit a wall and...

Ever since last summer, the DeFi space is booming. The total value locked in various protocols has surged to more than $24 billion, up some 4000% in less than a year. But there’s one challenge that many believe is hampering the further growth of the space – sky-high ETH gas fees.The Booming DeFi SpaceThe massive increase in popularity of decentralized finance (DeFi) led to the creation of hundreds of projects, each one battling to garner the user’s trust. One of the more successful ones is...

It’s a bloody day on the markets across the board. Cryptocurrencies experienced substantial losses, while traditional markets also opened in the red, highlighting the current correlation.Bitcoin dipped below $30,000 while the entire capitalization dropped below $900 billion.Cryptocurrency Markets SufferAs CryptoPotato reported earlier today, Bitcoin continued its regress today, sliding by almost 7% at one point. The cryptocurrency dipped to as low as $29,150 on Bitstamp, and even though it...