Tag Archives: AA News

Young Americans want to buy bitcoin, and they will use the stimulus checks to do so, said Galaxy Investment Partners’ CEO Mike Novogratz. He added that the primary cryptocurrency had become a proven asset in the past few months with the entrance of giant institutions and corporations.Retail Pushed Bitcoin Higher, Says NovogratzThe first-ever cryptocurrency went on a wild run in the past few days. During the weekend, bitcoin broke its previous ATH, breached above $60,000, and marked a new...

Sam Trabucco, a quantitative cryptocurrency trader, part of the Alameda Research team, took it to Twitter today to reveal that the company is in no way affiliated with REEF Finance. This came as a shock to the community, following a marketwide announcement last week that the latter had invested $20 million in REEF as a strategic placement and future communal initiatives.CryptoPotato received word from the CEO of REEF Finance, who explained what happened, in their view.Sounding the Alarm: Sam...

PancakeSwap, the largest and most popular decentralized cryptocurrency exchange and automated market maker (AMM) on Binance Smart Chain, might have had its DNS hijacked. Cream Finance is also under attack.In a tweet shared minutes ago, PancakeSwap’s official account revealed that the platform might have had its DNS (Domain Name System) hijacked.Until we are able to confirm this is not the case, do not use the site. We will confirm ASAP. In the meantime, better safe than sorry. – The team...

The rapid growth of the cryptocurrency industry and the COVID-19-induced crisis have changed the mind of Australia’s Reserve Bank on launching its own CBDC. The bank’s governor Philip Lowe recently confirmed that the organization is conducting research and exploring the benefits of releasing such a product.RBA to Launch a CBDC?During the past several years, multiple banks said they were looking into launching a central bank digital currency to reduce the usage of paper money. One study from...

Bitcoin fell by over 10% in a day to about $55,000 following a considerable correction. On-chain data suggests that it could be attributed, to some extent, to sizeable deposits to the large US-based cryptocurrency exchange Gemini, just before the drop. However, Glassnode data refutes this option, claiming that the transfers were internal.18K Deposited to Gemini Prompted the Price Slumps?Everything seemed to be going in BTC’s way in the past several days. The asset had just recovered from its...

After temporarily breaking the ice on bitcoin regulations, the Indian government is doubling down its efforts to restrain cryptocurrency use. A new bill on the way could place cryptocurrency holders and miners at risk of fines and possible jail time.New Indian Anti-Bitcoin Bill On the CardsA fresh Reuters report claims that India is preparing a new heavy-handed anti-bitcoin bill. Previous regulations in the country targeted the use of private coins, but the new bill will outrightly...

The past few hours have been rather unpleasant for bulls as the market took a swing to the lower side. More than $120 billion were wiped off the market capitalization, as bears poke their face.The latest developments in the cryptocurrency markets led to the liquidation of almost $2.3 billion worth of liquidations across both long and short positions in the past 24 hours alone.Unfortunately for bulls, it was the bears who got the upper hand in this, as 94% of all liquidations were long...

A ‘decentralized social network and marketplace ‘ named BitClout sold off celebrity-backed NFTs without authorization. The “iFan-esque” platform, which claimed to be backed by top venture capitalists, can no longer be accessed via its website.A Bit Of NFT CloutThere’s a lot of puffery surrounding NFTs of late, and justifiably so. Beeple’s digital art recently broke the record for the priciest NFT in history. The ‘Everydays: The First 5000 Days’ was bought by Metakovan for $69 million at...

DC Comics, one of the largest and oldest American comic book companies, is closely following the NFT industry and is launching its own set of collectibles.A recent partnership between DC Comics and Veve, a startup dedicated to creating NFT collectibles, marked the beginning of a new phase in the American comic book studio’s merchandising strategy. The company announced a collection of digital Batman statues with a black and white color scheme.The collection consists of 4 different designs....

The cryptocurrency lending company BlockFi has raised $350 million through a Series D fundraising round led by prominent names such as Tiger Global, Bain Capital Ventures, and Pomp Investments. The firm plans to utilize this considerable amount for new product releases.BlockFi Raises $350M; Valuation at $3BFounded in 2017, BlockFi is a firm describing itself as a “financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management...