Tag Archives: AA News

A survey conducted by the Australian crypto exchange Independent Reserve shows that over 90% of locals have heard of at least one cryptocurrency. At the same time, nearly one in every five respondents said that they own a digital asset.Crypto Awareness Among AussiesThe Australian-based exchanged highlighted that its Independent Reserve Cryptocurrency Index (IRCI) survey has reached out to “everyday Australians and reflects the nation as a whole,” instead of focusing on digital asset users.The...

With bitcoin’s price surging to a new all-time high on Christmas Day, the community has speculated on possible reasons. Co-founder and CEO of Blockstream, Adam Back, believes that retail investors have finally arrived and driven BTC higher this time, instead of institutions.Back: Retail Pushed BTC To A New ATHBitcoin has exploded in value in Q4 2020, resulting in breaking above $20,000 for the first time and charting consecutive all-time highs. The main narrative behind this impressive...

The Canada-based financial technology company Mogo plans to make an initial corporate investment of over $1 million in bitcoin and increase the amount next year. The crypto-friendly fintech firm has joined the recent trend of sizeable corporations that allocate funds in BTC.Mogo To Allocate 1.5% Of Its Assets In BTCThe Vancouver-based fintech company announced its BTC-related plans earlier today. The statement reads that the firm intends to allocate 1.5% of its total assets as of the end of...

Yield farmers and DeFi token aficionados certainly had a merry Christmas thanks to 1inch, a relatively young and unknown token that in a matter of hours surpassed many other cryptocurrencies’ performance in the top 100 of cryptocurrencies with the largest market capitalization.1inch is a decentralized exchange aggregator that sources liquidity from various exchanges, making it possible to use its smart contract to spread a single transaction across multiple decentralized exchanges.The...

The rumored deal between the online payment processing giant PayPal and the cryptocurrency custodian BitGo will not occur. Instead, both companies will reportedly focus on separate new ventures.PayPal And BitGo Deal Won’t See The Light Of DayThe online payment processor co-founded by Elon Musk started showing sympathy for the cryptocurrency industry earlier this year. PayPal enabled its users to buy, sell, and store digital assets with fiat currencies.Furthermore, reports emerged that the...

Following yesterday’s massacre, the cryptocurrency market has begun its Christmas recovery session. Bitcoin is getting towards $24,000, currently trading less than $500 from a new all-time high, while most altcoins have bounced off hard with impressive double-digit increases.Bitcoin Eyes $24,000The primary cryptocurrency went on a roller-coaster in the past few days with several notable price moves resulting in a new all-time high and a subsequent $2,000 drop.This price action had repeated...

A day after the former chairman of the United States Securities and Exchange Commission, Jay Clayton, stepped down, the watchdog has its new chief in the face of Elad Roisman.Hester Peirce, an SEC Commissioner who’s well-known within the cryptocurrency community for her stance on a potential Bitcoin ETF, broke the news that the Commission has a new Chairman.According to Peirce’s tweet, taking up the position would be Elad Roisman.Congratulations, Chairman Roisman! I look forward to your...

Former presidential candidate, member of the United States Democratic Party, Andrew Yang, has filed paperwork to run in the upcoming 2021 New York mayoral race. Yang has previously called for more transparent and uniform regulation around cryptocurrency.Andrew Yang to Run for New York City Mayor in 2021Earlier this year, Yang’s bid to the Presidency ended as he quit the race but this doesn’t seem to have deterred the politician from running for another influential position – that of New...

After shocking the crypto-verse with what is possibly the most ambitious lawsuit in the history of the U.S. crypto industry (accusing Ripple of issuing unregistered securities for more than $1.3 Billion), today the country’s regulators issued a major statement regarding how they foresee the future of stablecoins and, spoiler alert, the landscape looks heavily regulated.On December 23, 2020, The President’s Working Group on Financial Markets released a statement on critical regulatory issues...

Following news of the legal action, which alleged that Ripple had been conducting unregistered securities offerings worth $1.3 billion, the price of XRP plummeted heavily.But things are getting worse for the cryptocurrency. The drastic fall in price was just one of XRP’s problems as several crypto trading companies have quickly moved to disassociate themselves from the cryptocurrency to avoid getting hammered by the U.S. regulator. These companies have either delisted XRP or suspended support...