Tag Archives: AA News

A recent report conducted by Bitwise and ETF trends concluded that the number of financial advisors who allocated funds to crypto-assets has increased by nearly 50% in a year.Additionally, the percentage of investors expressing interest in purchasing digital assets has grown to 81%.Financial Advisors Confirmed: Crypto Demand Is RisingAccording to the 2020 study, financial advisors manage about half of the wealth of American investors and play a significant role in the distribution of funds....

Although Bitcoin is still officially banned in China, the country portrays the most significant chunk of BTC trading volume, new research says. Additionally, the world’s most populated continent, Asia, occupies the largest market share, whale activity, and larger trades.China Dominates The Crypto FieldChina’s government has repeatedly outlined that BTC is officially banned within the nation’s borders. Nevertheless, the country has remained one of the largest and most crucial players in the...

Grayscale continues to break records with its Bitcoin Trust as the company has attracted inflows of over $1 billion in BTC from institutional clients in a week.Additionally, the company seems to be preparing to launch several new cryptocurrency trusts for Chainlink, Tezos, and more.Grayscale’s BTC Trust Inflows To A New RecordCryptoPotato reported earlier that the leading digital asset manager registered its best quarter to date in Q4 2020 with the most substantial inflow quantities....

NexTech AR Solutions, a Vancouver, Canada-headquartered developer of VR and AR solutions, has booked a $200,000 profit after selling over 130 bitcoins. The firm justified its decision with the double-spending that allegedly occurred on the BTC network yesterday.According to a press release published by the company, NexTech has sold all of its BTC holdings, amounting to 130.187 bitcoins. With today’s prices, this amount is worth north of $4,2 million.The sale has come less than a month after...

Michael Saylor’s Bitcoin bet appears to be far from over as his company MicroStrategy has acquired even more BTC despite the crypto price experiencing a significant retrace over the last couple of days.MicroStrategy has added more Bitcoin to its balance sheet according to an announcement issued on Friday (Jan. 22, 2021).MicroStrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $31,808...

Giant state-owned Russian bank Sberbank has reportedly sought approval from the nation’s central bank to launch its own cryptocurrency through a blockchain platform.Separately, a Russian court has removed the leading crypto exchange Binance from a regulator’s blacklist.Sberbank Looks Into Launching Its Own Crypto?According to the local coverage, Sberbank of Russia, one of the largest banks in the world’s largest country by landmass, has applied with the central bank to register a blockchain...

​Janet Yellen, President Joe Biden’s U.S. Treasury Secretary nominee, seems to have balanced her statements about Bitcoin and crypto, after her previous negative rhetoric about the emerging technology.Janet Yellen Acknowledges Crypto’s BenefitsIn a written response to the U.S. Senate Finance Committee on Thursday (Jan. 21, 2021), Yellen stated that cryptocurrencies had benefits that needed to be explored. Yellen added that the emerging technology had the potential to “improve the efficiency...

Analysts at JP Morgan have argued against Bitcoin’s (BTC) value proposition as a competitor to gold, saying the largest crypto by market capitalization is not a suitable hedge during periods of market uncertainty.Bitcoin is Least Reliable as a Hedge During Market CrunchesAccording to Bloomberg, JP Morgan strategists John Normand and Federico Manicardi have issued a report classifying Bitcoin more as a risk-on asset than as a hedge against market uncertainties. As part of their analysis, the...

Viewers of the giant gaming and entertainment brand, World Poker Tour, will be able to earn TFUEL tokens while watching poker content after WPT announced the integration of Theta Network.The partnership will also enable WPT to lower the video delivery CDN costs by 50% while increasing user engagement by employing Theta’s blockchain.Theta Integrated On World Poker TourTheta Network is a blockchain-based video delivery project that aims to decentralize the live streaming industry. It also...

The US Securities and Exchange Commission charges on Ripple have pushed another platform, namely eToro, to suspend trading for the company’s native cryptocurrency. The Israeli exchange will prohibit the purchase and trading of XRP for US citizens starting from January 24th.eToro Joins The List Of XRP Suspending ExchangesFounded in 2006 in Israel, eToro is a popular social trading and multi-asset brokerage company that also support various cryptocurrency pairs.However, the company has decided...