Tag Archives: AA News

The world finally has its first legal DAO, thanks to developments in the state of Wyoming. The American CryptoFED DAO, an organization dedicated to creating a monetary system resilient to fluctuations in value, received notice from the Wyoming Secretary of State’s office that its project had been officially recognized as a DAO in the United States. This is a major step for the project and decentralized governance initiatives. It shows that the U.S. is open to recognizing...

Coinbase executives continue to move among the big names in the financial landscape. This month, it was the turn of none other than U.S. Federal Reserve Chairman Jerome Powell. According to Powell’s working schedule for May, the head of the Fed had a face-to-face meeting with the head of the cryptocurrency exchange Coinbase Global Inc. on May 11. Paul Ryan, a former Speaker of the U.S. House of Representatives, was also invited to the event. The meeting lasted half an hour,...

The financial specialist and professor at the New York University – Aswath Damodaran – criticized bitcoin in a recent speech. In his opinion, the primary digital asset “failed miserably” and did not prove itself as a good currency. Gold and BTC Are Not The Same The prominent Indian professor – Aswath Damodaran – shared his point of view on bitcoin in the most recent episode of Moneycontrol Masterclass. He asserted that the largest cryptocurrency has failed to classify as a...

François Villeroy de Galhau – the head of the French central bank – sounded a note of caution that Europe’s monetary sovereignty faces tough times if the EU does not regulate cryptocurrencies. Without hasty action, the international role of the euro would be endangered. ‘Europe Must Be Ready’ At the annual financial conference in Paris, the governor of Banque de France – François Villeroy de Galhau – claimed that the European Union needs to build a regulatory framework around...

The demand for the Purpose Bitcoin ETF has resumed after the mid-May decrease. Consequently, the company’s product has increased the bitcoins it holds by almost 30% in less than two months. Purpose BTC ETF Holds Almost 22.5K Coins CryptoPotato reported earlier this year when Canada’s Ontario Securities Commission (OSC) approved a filing by the financial services company – Purpose Investments – to launch an exchange-traded fund tracking the performance of the primary...

Fresh data from Glassnode revealed today that Bitcoin’s mining difficulty dropped by 28%, making it the largest negative adjustment in the history of the cryptocurrency.  Source: GlassnodeWhat is Bitcoin Mining Difficulty Adjustment? For clarity, Bitcoin mining difficulty is a metric that describes how hard it is for miners to mine a new block on the network. When the difficulty increases, it becomes harder and miners will need to dedicate more computational power to find the...

Iranian lawmakers recently drafted a bill to “support cryptocurrency mining and organizing the domestic market for exchanges.” Inside the Bill The plan involves making the Central Bank of Iran the primary regulatory body regarding the domestic exchange of cryptocurrencies within three months. This includes plans to prohibit the exchange of any cryptocurrency within the country, aside from a national one, as means of payment. A particularly interesting section of the bill...

Mark Alexander Hopkins, also known as “Doctor Bitcoin,” pleaded guilty on charges against him of running an illegal cash-to-crypto scheme. After allowing criminals to exchange fiat currencies for bitcoin, he faces imprisonment of up to five years. Texas vs. ‘Doctor Bitcoin’ The Acting U.S. Attorney for the Northern District of Texas – Prerak Shah – announced that Mark Hopkins admitted that he ran unlicensed money transmitting business. The prosecution reminded that the...

The cryptocurrency platform – Crypto Head – ranked the USA as the most prepared nation for the widespread adoption of digital assets. On the other hand, Cyprus is the country most interested in virtual currencies. Who Is Ready for Crypto? Despite the insecure nature of digital assets in terms of regulations, their popularity is still growing among investors. And while each country has its own specific approach towards the market, Crypto Head revealed which nations are the...

The owner of an exclusive Beverly Hills residence, listed for $65 million, is allowing buyers to pay with Bitcoin to acquire the property. If executed, the deal will break the record for the most expensive estate sold for cryptocurrency. BTC Invades Beverly Hills The American business magazine Forbes reported that the multimillion-dollar home in Beverly Hills, called Elementi, can be purchased for either $65 million in cash or the bitcoin equivalent to the fiat currency –...