Tag Archives: AA News

One bitcoin will be able to buy a Lamborghini model by the end of the year and a Bugatti in 2022, said Jesse Powell – the CEO of the veteran US crypto exchange, Kraken. During a recent interview with Bloomberg, he was also bullish on Ethereum, predicting a price tag well above $2,000 due to the upcoming ETH 2.0 release and the large number of projects built on top of it. One BTC for Lambo and Bugatti Kraken’s CEO has been highly-optimistic regarding BTC’s future price...

Customers of Chipotle Mexican Grill (or simply Chipotle) will be able to participate in a special promo that can get them a free burrito or up to $25,000 in bitcoin. All they have to do is guess a six-digit code that resembles a lost treasure worth hundreds of millions of dollars in BTC. Bitcoin or Burrito? Although most people associate April 1st as being the international Fool’s Day, that particular date has another meaning in the US – it’s the National Burrito Day. To...

Bitcoin went through a sudden crash in today’s European morning trading session, losing around $3,000 of its dollar value in less than an hour. As it’s almost always the case, this caused a serious wave of liquidations throughout the entire market, with over $600 million of leveraged positions wiped out. In the past hour, data shows that there are over $600 million liquidations – both long and short. The overwhelming majority of liquidations were long positions, accounting...

Speaking at a City and Financial Conference today, John Glen said authorities need to regulate stablecoins due to the threat it poses should a major firm dominate the sector.  “There is the potential for some firms to swiftly achieve dominance and crowd out other players due to their ability to scale and plug into existing online services,” the financial services minister was quoted as saying.  Regulating the Wider Crypto Market Not Pressing Despite calls from financial...

With collaboration from the NBA, highlight clips have become NFT collectible cards. Canadian technology company Dapper Labs continues its lucrative streak by nabbing a whopping $305 million dollars from new investors. Private Equity Firm Cotue Rakes in Big Names The New York investment company Coatue Management, responsible for several other technology investments, has sealed a lucrative deal for Dapper Labs. Household NBA names like Michael Jordan, Kevin Durant, and Klay...

A global open-source hybrid blockchain protocol, eXchange inFinite (XinFin), has partnered with the enterprise software firm R3. As a result, the latter’s DLT-based platform Corda will use the XDC token as the primary settlement coin. The Bridge Between R3’s Corda and Blockchain Networks In a press release shared with CryptoPotato, both parties announced the collaboration, which will establish a bridge between R3’s Corda network and other blockchain platforms. Described as a...

A few months after it filed a lawsuit against Ripple for conducting an unregistered security offering, the SEC has done the same against another blockchain project. This time, it’s going for LBRY – a project operating a decentralized content publishing platform. $11M Worth of Unregistered Securities Offering? Based in New Hampshire, US, LBRY Inc is a blockchain-based file-sharing and payment network that powers social networks and video platforms. Although it was founded in...

Smaller investors would be able to take advantage of CME’s regulated Bitcoin futures contracts as of May 3rd, the organization announced earlier today. This would be possible in the form of so-called Micro BTC futures contracts, which will be one-tenth the size of one bitcoin. Micro Bitcoin Futures Contracts on CME Founded over a century ago, the Chicago Mercantile Exchange is among the largest global derivatives marketplaces and one of the first-ever regulated establishments...

The latest report by on-chain analysis provider Glassnode has unraveled more details on Bitcoin spending habits that could suggest that market sentiment is still bullish. Glassnode observed that held coins are beginning to mature, and continued outflows from exchanges demonstrate accumulation is not slowing down. #Bitcoin held above $50k last week as early signs of coin maturation showed up on-chain. This week we analyse– Ageing of coins bought in this bull– Spending...

On March 31, Cardano will become a fully decentralized platform, this means that over 1,800 community pools will be responsible for block production.  Since the release of the Shelley update in July 2020, Cardano was slightly criticized by the DeFi community for issuing their own blocks while its SPO (stake pool operator) was being developed, instead of leaving the production to the community. Now the protocol is ready to become a fully decentralized platform. Cardano’s...