Tag Archives: AA News

The CME Bitcoin futures opened for trading on Monday with the largest gap of nearly $5,000 following the adverse price developments during the weekend. The question remains if BTC would spike to close that gap as it has done multiple times in the past. The Largest CME Bitcoin Gap to Date Launched in late 2017, the cash-settled BTC futures platform from the Chicago Mercantile Exchange enables institutional investors to trade bitcoin on a regulated platform. It operates within...

The enhanced volatility in the past day caused nearly $10 billion in liquidations in less than a day as bitcoin, and all altcoins fell hard. Naturally, over 90% of the liquidated amount came from long positions.  CryptoPotato reported earlier today the adverse price developments in the cryptocurrency market. Bitcoin fell by more than $9,000 in hours, Ethereum lost $400, and so on. With most digital assets plummeting by double-digits, the cumulative market cap lost $360...

Chinese police officers have confiscated nearly $4 million in various cryptocurrencies after a raid against several developers that operated a decentralized gambling app built on the EOS blockchain. $3.8 Million in Crypto Seized After receiving tips of suspected illegal activity involving the developers of the dApp called Biggame, the Jiangsu police department opened an investigation. Ultimately, this led to the arrest of 15 people. During the raid, the authorities found and...

From criticizing bitcoin for failing the purposes of money and suggesting a potential ban to comparing it with gold and, most recently, indicating BTC has proven its place in investment portfolios – Ray Dalio’s mind on the cryptocurrency seems to be changing. Interestingly, Max Keiser foresaw this development months ago. Ray Dalio’s BTC Evolution Along with numerous other prominent representatives of the traditional financial world, Bridgewater Associates’ founder was a vocal...

Notable tech investor Ron Conway called the crypto industry ”the next multimillion-dollar opportunity in innovation.” On the day when Coinbase’s (COIN) shares officially started trading, Conway opined that the crypto sector is quickly growing, but it is just getting started. Coinbase – ”The Google For The Crypto Economy” Ron Conway, an early investor in the largest U.S. cryptocurrency exchange along with popular corporations like Airbnb, Facebook, and Google, spoke about the...

The Grayscale Bitcoin Trust is on route to surpass the largest gold-tracking ETF in the following few months, suggested Bloomberg’s senior commodity strategist, Mike McGlone. The analyst also outlined the ongoing digitalization phase as the primary reason behind BTC’s success. GBTC on its Way to Surpass SPDR Gold Shares McGlone took it to Twitter to exemplify Bloomberg’s views on the performance of the two largest bitcoin and gold funds in the past year and the projections...

Just a day after its official public listing, Coinbase is already creating multi-billion-dollar success stories. The popular angel investor and founder of Initialized Capital, Garry Tan, told his story in which he turned a $300,000 invested in Coinbase upon the company’s launch into $2.4 billion. Tan’s Initial Story with Armstrong and Coinbase Long before Coinbase became the US’s largest crypto exchange and be valued at about $100 billion, Brian Armstrong’s brainchild had a...

Multinational blockchain technology company Emurgo initially announced the AgeUSD stablecoin in January 2021. The firm has since announced a partnership between the Ergo Foundation, Emurgo, and Charles Hoskinson’s Input-Output Global, the parent company of IOHK. The AgeUSD stablecoin will be available on Cardano as soon as smart contract capabilities are launched on the blockchain, it revealed. Do We Need Another Stablecoin? Emurgo aims to prevent events like MakerDAO’s Black...

The sector of non-fungible tokens has reached the living soccer legend, Pelé. The Brazilian will have his own NFT collection honoring his legacy, dropping on May 2nd on the popular Ethernity Chain platform. 90% of the proceeds will be donated to the Pelé Foundation. Pele’s Legacy to Live as NFTs Edson Arantes do Nascimento, better known in the soccer world as simply Pelé, is the latest celebrity to embrace the rapidly growing world of non-fungible tokens. According to a press...

Dogecoin is where all the rage is in the cryptocurrency market throughout the past 24 hours. DOGE is up almost 200% in the past day and almost 500% in the past week. With the latest surge, it has also managed to become the 6th largest cryptocurrency by market capitalization, surpassing Cardano’s ADA. Dogecoin Now Bigger Than Cardano As CryptoPotato reported earlier, the popular meme coin, DOGE, made headlines by painting a fresh all-time high at around $0.30. While this, in...