Tag Archives: AA News

With more institutional investors indicating interest in cryptocurrencies in recent times, Bank of New York (BNY) Mellon has announced that it would be offering crypto-related services later this year.Bank of New York To Hold BitcoinThe New York oldest bank stated in The Wall Street Journal today that it will hold, issue, and transfer Bitcoin (BTC) and other cryptocurrencies on behalf of its institutional clients. According to the report, the bank will not handle its crypto offerings any...

A 19-year old UK resident was jailed for a drug trafficking operation. He had participated in an attempt to import ecstasy bought with Bitcoin on the Dark Web.Buying Dark Web Ecstasy with BitcoinThe 19-year-old drug dealer is to serve two years in prison after a police investigation discovered he has been dealing with ecstasy using Bitcoin. According to a recent report, Dylan Bailey from Arbury Road, Nuneaton, UK, used to import ecstasy tablets from abroad, aiming to sell the illegal...

The explosive growth of Non-Fungible Tokens (NFTs) has opened up the blockchain industry to a new realm of endless possibilities.They have allowed for the existence of rare assets reminiscent of those in our conventional world, and virtual reality gamers are throwing their weight behind by splurging on these assets. An Axie Infinity gamer recently paid 888.25 ETH (worth $1.5 million at the time of purchase) for a virtual estate, breaking the previous record of $800,000 paid by Polyient Games...

Bitcoin could solve Kenya’s problems with its devaluating national currency prompted by the International Monetary Fund, said the Central Bank Governor Patrick Njoroge. As such, the bank has announced rather game-changing plans to switch its base currency to Bitcoin.Kenya’s Central Bank To Switch To Bitcoin?Kenya’s national currency, the Shilling, has been on a downward trend for the past few decades as it has lost nearly 50% of its value compared to the US dollar since 2010. In the past year...

The possibilities of central banks holding bitcoin in the future are “out of the question,” asserted the President of ECB Christine Lagarde.At the same time, US Secretary Janet Yellen warned about the growing risks of digital assets used in illegal activities but believes that they could have a vital role ultimately.Lagarde Skeptical On BTC Adoption From Central BanksWith bitcoin’s rise to the mainstream stage after several large corporations and institutional investors bought some for their...

Credit card giant Mastercard said that it would soon start supporting crypto payments on its network later in the year.Mastercard’s Merchants Soon to Accept CryptoAccording to a blog post by Master card on Wednesday (Feb. 10, 2021), the company revealed that would support a select number of cryptocurrencies in 2021, adding that crypto was quickly becoming an important part of the payments sector.An excerpt from the announcement reads:“We are preparing right now for the future of crypto and...

The CEO of the world’s largest digital asset manager, Grayscale, says that the demand from institutions has only accelerated in 2021. He also said that the narrative for large corporations to jump on the Bitcoin bandwagon has shifted from “why” to “why not.”Why Not Buy Bitcoin?A couple of years back, the cryptocurrency community was celebrating the fact that some hedge funds are talking about Bitcoin, eagerly anticipating their decision to finally join the BTC bandwagon and buy Bitcoin as...

While Tesla’s $1.5 billion bitcoin purchase shook the world, a Reddit user also caused disturbance as it seemed that he predicted the move a month before it was announced. Giant mass media outlets like Reuters and Bloomberg picked up on the story, but the user later admitted that it was a prank, and he was actually on LSD when he wrote it.What The Media Thought It HappenedElon Musk’s Tesla became the latest giant company to allocate billions of dollars in bitcoin, as revealed earlier this...

The CEO of SpaceX and Tesla is known within the cryptocurrency field for his somewhat comical comments and support for the meme token Dogecoin. In his most recent post on the altcoin, he claimed that he had purchased a portion for his recently born child to become a “toddler hodler.”The world’s richest man took it to Twitter to announce his latest Dogecoin-related initiative. This time, he directly said that he had purchased tokens from the popular Shiba Inu-inspired coin for X Æ A-Xii – the...

The total cryptocurrency market’s capitalization has lost around $100 billion in the past hours. This comes as Bitcoin corrects to below $44,000. Nevertheless, the cryptocurrency is still up more than 20% on the weekly.Corrections are to be expected, especially when the market turns parabolic. Over the past 7 days, bitcoin’s price is up by a whopping 20% after arguably one of the most important developments for the market.BTC soared earlier this week when Elon Musk’s Tesla filed a document...