Tag Archives: AA News

Six of the biggest banks in China’s megapolis Shanghai are supporting the digital yuan ahead of a May 5th shopping festival. The move represents a direct threat to the country’s top two payment providers – Alipay and WeChat Pay. The Digital Yuan vs. Alipay and WeChat Pay According to a Reuters report, some of the leading banks in China are pushing the digital yuan ahead of a shopping festival in the country. Purportedly, they are attempting to persuade merchants and retail...

The University of Zurich has announced that they are adding Cardano to their “Deep Dive into Blockchain 2021” curriculum. It will be taught to students studying in the UZH Blockchain Center modules and is being posited as a ‘blockchain platform for changemakers, innovators, and visionaries’ to ‘bring about positive global change.’  Blockchain Education The course aims to teach students about several facets of blockchain technology: not just limited to their technical scope,...

Following the peak in May, the global Google searches for “NFT” have been gradually decreasing. With the numerous assumptions that the NFT market is in a bubble state and the comparisons with the ICOs from 2017/2018, the question arises if non-fungible tokens could be bursting soon. NFT Searches Drop Sharply What was 2020 for decentralized finance is 2021 so far for non-fungible tokens. Although NFTs were not invented this year, their popularity saw a massive boost in the...

Several years after its CEO called bitcoin “fraud,” JPMorgan Chase & Co has completed its U-turn. America’s largest bank is purportedly looking into launching a bitcoin fund, with the digital asset financial firm NYDIG to serve as custodian.  Citing people familiar with the matter, CoinDesk reported earlier today that JPMorgan intends to release an actively managed bitcoin fund soon.  According to the coverage, the New York Digital Investment Group (NYDIG), describing...

The rapidly increasing popularity of PancakeSwap – the decentralized exchange running on Binance Smart Chain – has caught the attention of bad actors. The project warned that a group of scammers is promoting fake airdrops trying to lure victims into claiming them through a fraudulent link. Fake CAKE Airdrops The popularity of the DEX employing the Binance Smart Chain has gone through the roof in the past several months. The fast and cheap transactions resulted in high...

The New York wine seller Acker, Merrall & Condit, or simply known as Acker, announced it now accepts digital currencies as a form of payment at its auctions and retail store. The company supports some of the most popular cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and Dogecoin. Acker Catches the Crypto Wave After the massive impact that the COVID-19 pandemic caused on global economies, many organizations turned their heads to the potential of digital...

Bitcoin closed the week with the second-largest red candle in its entire history, testing lows near the $47k price zone following an ATH of $64K recorded in the previous week. Overall, this was a tough week for markets across the board. From stocks to cryptocurrencies, traders experienced an episode of collective panic marked by the rumor that Joe Biden would be preparing a bill to increase capital gains taxes by almost 100% for all those generating more than $1 million in...

The Louisiana House of Representatives has passed a resolution this week commending Bitcoin for becoming “the first decentralized trillion-dollar asset,” encouraging the state and the local government to consider crypto assets and blockchain technology. The House Resolution No. 33, signed by representative Mark Wright, praises BTC’s success through the years and its pseudonymous creator, Satoshi Nakamoto, for his “contribution to economic security.” “BE IT FURTHER RESOLVED...

Bitcoin’s price has been declining in the past few days, being almost 20% down during the last week. This saw many people worried if the 2021 bull run is over. One indicator suggests that if history is to repeat itself, the price should continue its upward trajectory following the most recent crash. Bitcoin saw a serious decline over the past few days as the price lost upwards of $12,000 over the previous week. This has also seriously shifted the overall sentiment, as...

Bitcoin’s latest massive price crash in which the asset lost $16,000 in roughly a week could be nothing more than a stepping stone towards new highs, suggested the creator of the popular S2F model. He outlined that BTC could be in the middle of its run, which could take it to the stock-to-flow’s targets of up to $288,000. ‘Nothing Goes Up In a Straight Line’ Looking on a more macro scale, it’s safe to conclude that bitcoin has been in a state of a bull run since early...