Tag Archives: AA News

Cryptocurrency developments in Europe are emerging left and right as four issuers received approvals to list exchange-traded products on different exchanges, including in Paris and Amsterdam for the first time. Additionally, Germany’s regulated exchange for crypto assets released a mobile trading app for Android and iOS users. Four Issuers Launched Crypto ETPs in Europe With CoinShares leading the way with exchange-traded products tracking the performance of Bitcoin,...

BitMEX announced a $100,000 grant for the Korean-based Bitcoin scaling researcher – Calvin Kim. Furthermore, the crypto derivatives exchange informed about an additional $50,000 donation from its partner – the Human Rights Foundation. BitMEX’s $150K Renewal In a recent statement, the popular Bitcoin derivatives trading venue BitMEX announced it had renewed Calvin Kim’s developer grant until June 2022, supporting him with an additional $100,000. In August 2020, the exchange...

While explaining the potential impact of decentralized autonomous organizations on legacy businesses, billionaire investor Mark Cuban, who recently joined the cryptocurrency space, ironically denied referring to Cardano’s blockchain. No, Not Cardano, Says Cuban Mark Cuban used to be among the many critiques of the cryptocurrency industry in the past. However, as it happened with quite a few of them, he changed his mind recently and has become a vocal proponent of blockchain...

Bitcoin has become too big of an asset to escape regulatory frameworks, argued the governor of Sweden’s central bank – Stefan Ingves. At the same time, the nation’s finance minister confirmed that the country is already looking into implementing tighter rules around cryptocurrency exchanges. BTC: Too Big Not to Be Regulated During a recent speech cited by Bloomberg, Riksbank Governor Stefan Ingves joined the trend of central bankers commenting on bitcoin amid its recent...

BTC miners in Argentina are thriving by taking advantage of cheap, subsidized energy. Countries with low utility rates have been great spots for crypto miners, and the resurgence of capital controls is boosting profits for miners in Argentina. The news was first reported by Bloomberg, later republished in the Buenos Aires Times. Miners Taking Advantage of Cheap Electricity  Experts like Nicolás Bourbon, a crypto-miner in Argentina, have said this is an opportunity to take...

TRON’s Justin Sun agrees with Elon Musk’s concerns on the carbon footprint that bitcoin mining leaves. He believes the proof of work consensus algorithm has its flaws and urged people to strive to use more green energy. Sun Agrees With Musk Tesla’s CEO made the news several weeks ago when the EV-maker disallowed bitcoin payments for its products. Ever since then, Musk repeatedly outlined the high levels of energy used by the primary cryptocurrency and urged miners to use more...

The Reserve Bank of India issued a new circular today, clarifying that although banks and other entities need to carry customer due diligence, cryptocurrencies are not outlawed in the country. Citing media reports that banks and regulated entities have “cautioned their customers against dealing in virtual currencies by making a reference” to a circular that RBI Issued back in 2018, the bank now clarifies the situation. The institution said that these “references are not in...

America’s oldest bank, BNY Mellon, continues with its cryptocurrency endeavors by planning to release custodial services in Ireland through its local branch. At the same time, the country’s central bank outlined “great concerns” related to the popularity rise of bitcoin and other digital assets. BNY Mellon Launches Crypto Custody in Ireland The Bank of New York Mellon Corporation, known simply as BNY Mellon, is America’s oldest banking organization. Since the start of the...

Charles Hoskinson – the creator of Cardano –  opined that central banks would fade away as they are slow and corrupt. Furthermore, he claimed that crypto is the cure to the current financial system. Crypto Is The Antidote In a recent video, Hoskinson shared his thoughts on the financial ecosystem and the significant role of cryptocurrencies. He opined that central banks are no longer the efficient institutions they used to be, describing them as slow and corrupt. Hoskinson...

In yet another win for Ripple in its lawsuit against the SEC, the Judge has denied the Commission’s motion to compel the payment processor to produce internal information discussing XRP sales with its legal team. As a result, the price of the XPR token surged by double-digits in 24 hours. SEC Denied From Accessing Internal XRP Sale Docs Earlier in May, the Securities and Exchange Commission asked the Court to order Ripple to produce all relevant documents of legal, internal...