Tag Archives: AA News

The Bitcoin network continues to become more and more robust. This is confirmed by the expanding computing power put in the blockchain from miners, which has resulted in new all-time highs for the mining difficulty and the hash rate. New ATH for BTC Hash Rate Hash rate is a measuring unit of the processing power on Bitcoin’s blockchain. Essentially, it suggests that when there’re more miners who put their computational devices to work on the network, the metric goes higher,...

Shark Tank and Dallas Mavericks billionaire co-owner Mark Cuban recently disclosed that a significant portion of his crypto holdings are stashed in bitcoin because he believes the cryptocurrency is a better store of value asset than gold.  Speaking in a recent episode of the Delphi Podcast as published on CNBC, Cuban noted that of his total crypto holdings, 60% are in BTC, 30% in Ether (ETH), and the remaining 10% is allocated to other altcoins.  Bitcoin Is Superior To Gold...

Aave, the third-largest non-custodial lending protocol, is taking a multi-market approach and exploring scalability solutions in a project called “New Frontiers.” Aave is now exploring Polygon (formerly known as Matic), an Ethereum layer 2 protocol that enhances scalability using an adapted version of the Plasma framework. The Polygon sidechain system will be the first to integrate Aave as part of this plan to bring scalability and low-cost transactions. DeFi Should Be for...

Tether Holdings Limited, the company behind Tether (USDT), has published a testimony yesterday from an insurance company that claims the stablecoin is “fully backed” but without disclosing what kind of assets are backing up the currency. Moore Cayman, an insurance company located in the Cayman Islands, testified for Tether, stating that the stablecoin is fully backed with undisclosed reserves. The document examines several aspects of Tether, indicating that its consolidated...

Shortly after announcing plans to enable its institutional customers access to the first-ever cryptocurrency, Morgan Stanley has doubled down by filing documents with the SEC to allow 12 of its funds to gain BTC exposure through the Grayscale’s Bitcoin Trust or cash-settled futures.  CryptoPotato reported back in February that a unit of Morgan Stanley Investment Management called Counterpoint Global explored whether or not to enable its investors to receive access to BTC. ...

Tesla boss Elon Musk is known for influencing the sudden growth of cryptocurrencies, which could be in the form of tweets or investments. SpaceX To Put DOGE On The Moon After publicly supporting Dogecoin (DOGE), the popular billionaire has once again thrown his weight behind DOGE, causing the cryptocurrency to reach a six-week high. In a tweet today, Musk noted that one of his companies, SpaceX, will put “a literal Dogecoin” on “a literal moon.” SpaceX is going to put a...

In another whopping purchase, Justin Sun, the founder of one of the largest blockchain-based projects, TRON, and the CEO of BitTorrent, has bought Picasso’s “Femme nue couchée au collier” for $20 million.  Besides that, he has also bought “Three self portraits” by Andy Warhol for $2 million, and he plans to tokenize both and launch them on the JUST NFT Fund in the weeks to come. Justin Sun’s Forray into Digital Art Continues Justin Sun is well-known within the cryptocurrency...

Grayscale now holds 44.1 billion assets under management, which represents an increase of over 3 billion in just four days.  As reported by CryptoPotato, Grayscale expanded its crypto-trust offerings, adding five new tokens: Chainlink (LINK), Basic Attention Token (BAT), MANA (Decentraland), Filecoin (FIL), and Livepeer (LPT). These trusts, already operational for eligible accredited investors, surged in price considerably after the announcement. Demand For More Cryptos...

In an attempt to speed up the COVID-19 vaccine distribution, the blockchain project Qtum has partnered with Vaccine Forward to raise $2 billion. The Qtum Chain Foundation also vowed to match the total number of vaccinations donated to Vaccine Forward and send them to 92 struggling countries. Qtum to Participate in COVID-19 Vaccination Process Founded in 2016, Qtum is an open, permissionless blockchain and ecosystem that focuses on building robust decentralized applications,...

Mary Rich, the investment bank’s incoming global head of digital assets for the private wealth management division, told CNBC in an exclusive interview that they will launch the service in Q2 2021.  ″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near-term,” Rich said. Full Spectrum Investments She noted that the bank might...