Tag Archives: AA News

The restructuring within the BTC derivatives exchange BitMEX continues with the addition of Wai Kin Chim as an Independent Non-Executive Board Director of 100x Group. Additionally, the former Chief Credit Officer (CCO) at the Bank of China and the company’s recently appointed CEO will join the board of directors as of February 1st.Former Bank of China Exec Heads Over BitMEXAccording to a recent BitMEX statement, the appointment of Chim aims to enhance the company’s initiatives on...

January 2021 will remain in crypto history with multiple bitcoin records, including ATHs for the BTC price, hash rate, and mining difficulty. Moreover, recent data indicated that the number of unique addresses transacting on the network had also surpassed the previous record from three years ago.Bitcoin’s Activity Sees An ATH RecordAccording to data from the analytics company Glassnode, the number of unique addresses on the Bitcoin network that either sent or received coins had charted a...

Just a few days after shocking the world by updating his Twitter bio to include only “Bitcoin,” Tesla’s Elon Musk has doubled-down on his support on the cryptocurrency. During a recent speech, Musk said that BTC is on the brink of a broader adoption from traditional financial representatives.According to a Reuters report, Musk showed his recently-found favoritism for the primary cryptocurrency during a speech on the invitation-only social media app Clubhouse by saying that: “I am a supporter...

Tether has dominated stablecoin markets for the past three years as the treasury has kept churning them out with a record level of almost 27 billion in USDT circulating now.The latest figures from CoinMetrics, however, indicate that its market share has dropped below 75% for the first time ever. More stablecoin options are good for the industry in general as reliance on one centralized provider for dollar-pegged assets is never a good idea.$USDT market dominance in stablecoins is below 75%...

Faced with growing currency devaluation, institutions are adopting bitcoin as a store of value. Bridgewater Associates’ founder, Ray Dalio, has set aside his skepticism for bitcoin to explore this possibility.Dalio Applauds Bitcoin In a recent newsletter, he expressed his admiration for Bitcoin, stating that its longevity is “an amazing accomplishment.”“To have invented a new type of money via a system that is programmed into a computer and that has worked for around 10 years and is rapidly...

The narrative that institutional investors drove BTC’s price into the stratosphere in late 2020 received another confirmation from a research paper compiled by the popular exchange OKEx. The company’s document pinpointed Paul Tudor Jones’ endorsement of bitcoin in mid-2020 as the turning point for institutional adoption.PTJ Changed The Bitcoin GameIt was early May, the world had started to feel the adverse effects of the COVID-19 pandemic, global economies had begun contemplating their next...

The largest US-based crypto exchange Coinbase has classified bitcoin and several altcoins as institutional assets following the developments in 2020. In its yearly report, the company has confirmed the growing institutional interest, the maturing market, and, somewhat surprisingly, the expanding appetite from corporations towards ETH.2020 Established Bitcoin As An Institutional AssetThe challenging last year saw the emergence of Bitcoin as an asset fit to serve the needs of institutional...

Popular blockchain company, Blockstream has purchased $25 million worth of MicroBT’s WhatsMiner M30s Bitcoin mining hardware. Blockstream stated in an announcement that it plans to deploy the hardware across its various mining facilities located in the United States and Canada. A Top Secret Mining FacilityFurthermore, Blockstream disclosed that it would allocate some of the mining equipment to a new “top-secret” mining facility it plans to launch soon. The purchase will be an essential...

The largest US-based cryptocurrency exchange Coinbase plans to go for a Direct Public Listing (DPO) of its Class A common stock. The firm expects the Form S-1 filed with the US Securities and Exchange Commission to become effective after the Commission completes its review.Coinbase Aims For Direct Public ListingCryptoPotato reported in December that the San Francisco, California-based had submitted a draft registration with the SEC to go public with an initial public offering (IPO). Early...

The Government of India seems to have resumed its efforts to ban cryptocurrencies after a lull in a political and legal battle.The latest move by politicians came this week when they revealed a bill that could put any activity related to cryptocurrencies in checkmate.If Cryptocurrencies Are Legal, a Law Can Make Them IllegalThe “Cryptocurrency and Regulation of Official Digital Currency Bill” seeks to ban private cryptocurrencies —possibly any token not issued by the state. Such a path could...