Tag Archives: AA News

The Puerto Rico Office of the Commissioner of Financial Institutions (OCIF) has granted permission to FV Bank to provide custody services for cryptocurrency assets such as Ethereum and Bitcoin. The institution plans to integrate the new service into its digital banking platform as of early 2021.FV Bank Granted Permission To Be A Crypto CustodianHeadquartered in Puerto Rico, United States, FV Bank is a global digital bank servicing domestic and international businesses focusеed on providing...

Analysts from the US multinational investment bank JPMorgan Chase & Co have doubled-down on their belief that institutional inflows towards bitcoin are crucial for the asset’s price. They warned that if their purchases decline, the cryptocurrency could head towards a violent correction.JPMorgan Confirms: Institutions Are Key For BitcoinWhile most financial assets have suffered through this challenging year, bitcoin’s performance has contrasted substantially with a surge of more than 220%...

Bitcoin’s weekend ended with high volatility again with a new all-time high of $24,300 and a subsequent violent rejection to $23,100. Most alternative coins have stalled in the past 24 hours, except Bitcoin Cash – it has skyrocketed by 15% to its highest level since February.Bitcoin’s New ATH And Sharp DumpThe past several days have been wildly bullish for the primary cryptocurrency. After finally breaking above the coveted $20,000 price tag, BTC continued forwards and charted a few...

Elon Musk, the CEO of two of the most discussed companies in the past years, SpaceX and Tesla, is doing rounds with the cryptocurrency community today.Earlier today, the high-ranked executive and multi-billionaire said that Bitcoin is his safe word in a context that not a lot of people understand. Nevertheless, what followed was a heated discussion and plenty of speculations coming from many members of the cryptocurrency community.Elon Musk Asks Michael Saylor About BitcoinToday has been an...

Bitcoin has become a part of the mainstream media. While it might have been odd to tweet and discuss bitcoin a few years back, throughout the past few months, we saw a growing number of some of the most influential figures and companies talk about it.Elon Musk is a veteran Bitcoin commentator, and he’s also known to comment on some other cryptocurrencies, though it’s been a while since he last tweeted something about BTC.Today, at the peak of a calm weekend, Musk tweeted the following:Bitcoin...

UK’s Financial Conduct Authority (FCA) has informed that it will extend the registration time for existing cryptocurrency businesses. The regulator has set the new date to July 9, 2021.A New Deadline for Existing Crypto EstablishmentsThe “Temporary Registration Regime” will stretch the filing time by a few months – from the previously announced January 10, 2021, to July 9, 2021. According to the official FCA publication, the extension will affect already existing crypto establishments that...

The digital asset trading venue has reportedly doubled-down on its endeavors for its planned stock market listing. The US multinational investment bank Goldman Sachs, which has a somewhat controversial history with the cryptocurrency industry, will lead the preparations. CryptoPotato reported recently that the exchange had confidentially submitted a draft registration statement with the US Securities and Exchange Commission (SEC). By completing Form S-1, Coinbase completed the initial...

Happy about the increase in the price of Bitcoin? Share some of your wealth with the miners. Bitcoin’s transaction fees are rising at a frantic pace, following the bull run and the general optimism in the crypto markets.During the last week, Bitcoin’s prices spiked significantly, breaking the previous ATH and hovering above $23100. But transaction fees rose almost in line with Bitcoin’s prices.The price of Bitcoin during 2020. Image: CoingeckoBitcoin Fees Follow The PriceIn a matter of about...

Fantasy Football website Sorare has welcomed its new Strategic Advisor, soccer icon Gerard Piqué. The famous player has also made a significant investment in the non-fungible tokens (NFT) platform.Millions Invested By The New Strategic AdvisorIn another crypto-soccer-related venture, FC Barcelona superstar Gerard Piqué has joined the NFT platform Sorare as a Strategic Advisor. According to an official announcement, one of the most distinguished and accomplished players has also made a...

The decentralized finance (DeFi) space continues to experience frequent attacks, and the latest victim is Warp Finance. The project admitted earlier today that undisclosed perpetrators have compromised the protocol and taken nearly $8 million by initiating a flash loan attack.$7.7M Taken In A Flash Loan AttackThe significant growth of the DeFi space that attracted billions of dollars locked in numerous protocols has also garnered the attention of bad actors. Hackers have frequently exploited...