Tag Archives: AA News

Coinbase has had a spectacular 2021. The company announced $1.80 billion of revenue, $585 million more than the fourth quarter of 2020, and $191 million more than its results from a year ago. Much of these numbers are driven by the growing interest in cryptocurrencies. 56 million users and 6.1 million monthly transactions put the company right on the money radar, primarily since Coinbase benefits from the fees generated by every trade made on its platform. The IPO was also...

American multinational investment bank Cowen Inc. will join some Wall Street organizations after announcing plans to hold digital assets for hedge funds and asset managers. The firm partnered up with Standard Custody & Trust Co. to provide ”institutional-grade” custody services for cryptocurrencies. The Demand Is Here The recent rally of most crypto assets has caught the attention of many investors and capital holders. Following the increased demand, the US investment...

The Diem Association announced a strategic partnership with the crypto-friendly US bank – Silvergate Bank. Consequently, both parties plan to launch a stablecoin pegged to the American dollar. Additionally, the Association will relocate from Switzerland to the United States. A New Home for Diem The blockchain-based payment system Diem, launched by the social media behemoth Facebook, announced a new model of its impending stablecoin. The project – formerly known as Libra –...

Huobi Group, the holding company of the leading cryptocurrency exchange, Huobi Global, has recently launched a new subsidiary geared towards decentralized finance (DeFi) projects, non-fungible tokens (NFTs), and mergers and acquisitions. Huobi Devotes $100M to DeFi In a Thursday press release shared with CryptoPotato, the company noted that it has already deployed $100 million to this new venture investment arm dubbed “Huobi Ventures.” The ultimate goal of this new subsidiary...

Despite the sudden price correction, bitcoin’s fundamentals continue to reach new highs. The asset’s hash rate has recovered its recent declines and marked a new ATH. Accordingly, the network’s mining difficulty saw its most significant increase in nearly seven years to a new record level as well. Hash Rate and Mining Difficulty to New Records Bitcoin’s hash rate is the measuring unit of the processing power on the asset’s blockchain. The general rule of thumb suggests that...

Despite the volatile market conditions, Michael Saylor’s business intelligence giant has doubled down on its BTC-related strategy. The firm bought another chunk of 271 bitcoins, and its total stash is now nearly 92,000 coins. The NASDAQ-listed company announced the latest purchase of 271 bitcoins on May 13th. The firm said it had bought the amount for $15 million. Despite being brought to the world today, the purchase was most likely made yesterday, as MicroStrategy said the...

Apparently Bitcoin whales are not as loyal to their tokens as they are to the dollar value they represent. As time goes on and BTC fails to resume its bull run, there are fewer and fewer people with large amounts of Bitcoin in their wallets. According to data from blockchain analytics firm Glassnode, the number of Bitcoin whales has been in steep decline since the beginning of 2021, going from 2,237 on February 7 to 1,943 earlier this week. Bitcoin whales over time. Image:...

Instagram accounts of Maltese residents were attacked recently by hackers. The online intruders specifically insisted on a Bitcoin ransom from the users in order to restore their access. Hackers Insist on Bitcoin Bitcoin and most of the cryptocurrencies keep their rally as their prices escalated in the past few months. Many companies and influential individuals either invested in them or recognized their potential. However, the skyrocketing value of bitcoin and altcoins also...

The boxing icon Floyd Mayweather plans to join the NFT craze by launching his digital collection on May 26th ahead of his fight with Logan Paul. IronBend combined forces with Reality Gaming Group and Zytara Labs in order to release the Mayweather non-fungible tokens. Floyd Mayweather Joined The NFT Club Floyd Mayweather – one of the greatest fighters of all time – partnered up with IronBend, Reality Gaming Group, and Zytara Labs to release an exclusive NFT collection ahead of...

E-commerce giant eBay has become the first in its industry to catch the non-fungible tokens (NFT) mania, as the company is now allowing the sale of NFTs on its platform. According to Reuters on Tuesday (May 11, 2021), eBay said that it would enable the sale of NFTs for digital collectibles such as video clips, images, or trading cards on its marketplace. Meanwhile, the ability to list and sell NFTs would be open only to whitelisted sellers. This could mean that the platform...