Tag Archives: AA News

Ethernity, the digital platform building an NFT ecosystem, has announced plans to launch on the decentralized fundraising platform Polkastarter. The team will conduct a public sale of its ERN token on the permissionless DEX for cross-chain pools and auctions to enable its community to participate in the ongoing NFT craze.Ethernity To Go For a Polkastarter LaunchEthernity is a platform exploring various applications for non-fungible tokens (NFTs) focused on charity, decentralized finance...

Today’s correction has been the biggest one we’ve seen in quite some time, reminding many that ‘up only’ isn’t always true. While most cryptocurrencies saw serious declines, but Ethereum’s price on Kraken’s exchange definitely went through a roller coaster.Ethereum Flash-Crashes to $700 on KrakenKraken is one of the leading US-based cryptocurrency exchanges, and it even received a banking charter from the Wyoming Banking Board.This, however, played a little role today as its platform saw...

Janet Yellen, the recently-appointed Secretary of the US Treasury, doubled-down on her belief that BTC is frequently used in illicit transactions, while it fails as an efficient form of payment.Interestingly, her comments came as the price of the asset slumped by more than $11,000 in a day to below $48,000.Yellen On Crypto And BTC’s InefficiencyWhile speaking at the DealBook DC Policy Project, an event moderated by the New York Times, Yellen commented on the steep road the US has to face in...

North America’s first Bitcoin exchange-traded fund (ETF) has seen impressive results on its first two days of trading, following its recent approval by Canada’s securities regulatory body.Purpose Bitcoin ETF started on a flying note shortly after it began trading on Thursday (Feb. 18, 2021) under the ticker symbol “BTCC” on the Toronto Stock Exchange (TSX).Following its TSX debut, the fund has already accumulated $421 million in assets within the first two days of trading.According to...

JPMorgan strategists have supported the narrative that Bitcoin is in a liquidity crisis. However, instead of highlighting it as a potential catalyst for further price increases, they warned that the asset could experience a sharp price drop just as quickly. The primary cryptocurrency reached yet another record during the weekend with a new all-time high of $58,400 (on Bitstamp). However, the price corrected somewhat sharply, and BTC lost over $4,000 of value in a matter of hours and dipped to...

Ripple, the company behind one of the world’s largest cryptocurrencies, XRP, has registered an entity in the state of Wyoming. This follows a clash between the company and the United States Securities and Exchange Commission (SEC). Nevertheless, the price for XRP has surged by about 15% today after Caitlin Long broke the news on Twitter.Ripple Goes to WyomingWyoming is one of the states in the US which is known for its hard work towards creating a friendly cryptocurrency regulation framework....

Japanese financial conglomerate SBI Holdings revealed that it was planning to establish a joint cryptocurrency venture that would serve as one of the company’s key earners.SBI Expanding Crypto ServicesAccording to Reuters on Monday (Feb. 15, 2021), SBI’s founder and CEO, Yoshitaka Kitao, the company was discussing with international financial firms to set up the new crypto business. The latest development was part of SBI’s plans to expand its crypto business.The company has been active in the...

The cryptocurrency market is well-known for its intense price fluctuations, and the past 24 hours provided more proof. With BTC and most altcoins charting double-digit moves in both directions, this resulted in $1.74 billion liquidated on exchanges.The primary cryptocurrency had just painted a new all-time high (at the time) of about $57,600 before a vigorous correction drove the asset down to a low of $54,000 in a matter of minutes yesterday. BTCUSD. Source: TradingViewAs it typically...

It’s safe to say that the past year has been particularly tumultuous and interesting when it comes to the cryptocurrency markets.The entire market exploded, Bitcoin officially became a trillion-dollar asset, while many altcoins saw massive gains. Uniswap’s UNI token is no different.Uniswap’s UNI JourneyUniswap is the leading decentralized exchange and automated market maker on Ethereum’s network. It provides means for users to create liquidity pools for any token based on the ERC20 protocol...

Although Bitcoin is performing remarkably well, it is not all praise in the market world.Take Will Hobbs —chief investment officer at Barclays Wealth & Investments— as an example. He is clearly not convinced that Bitcoin is all that its proponents claim.Speaking to Markets Insider, Hobbs said that his company’s investment strategy doesn’t involve taking any positions in Bitcoin for the time being. He asserts that its extreme volatility and poor fundamentals make it unattractive for his...