Tag Archives: AA News

Singapore’s largest bank, DBS Bank, has reportedly soft-launched an exchange offering fiat-to-cryptocurrencies trading pairs called DBS Digital Exchange.  According to the website and a few reports, it will enable customers to buy and sell four of the “top digital currencies in circulation” – Bitcoin, Bitcoin Cash, Ethereum (ETH), and Ripple (XRP). They will be traded initially against SGD, HKD, JPY, and USD. DBS Digital Exchange will not hold any cryptocurrencies. Instead,...

Yesterday, the Bitcoin network witnessed approximately 22 exahashes per second (EH/s) exit the ecosystem, as noted by Hashr8’s Thomas Heller on Twitter. The self-professed “mining maximalist” also shared his estimation that we’ll see the BTC mining difficulty decline somewhere between 7.4% to 8.8% by the end of the week — a drop that, if true, would be the worst negative difficulty adjustment since the infamous, COVID-19-induced “Black Thursday” crash in March. However, none...

As Bitcoin adoption grows more and more, concerns about the need for scalability solutions increase. Lightning Network is the most important layer-two development currently available on the Bitcoin blockchain, and it seems that North Americans are the favorite demographic for this efficiency-focused micropayment solution. The Lightning Network is a layer-two solution currently under development. It focuses on the creation of channels between peers that allow for almost...

An anonymous user just made what seems to be the largest fiat value transaction using Bitcoin. In a single transaction, the user sent a total of 88,857.2449 BTC, which, at the current rates, is worth around $1.15 billion. Being well-known for its low fees, the entire thing cost the user less than $4. Large Bitcoin transactions have happened in the past, and most of them are characterized by their staggeringly low fees. It’s also interesting to note that this wasn’t the...

PayPal’s decision to enable its users to interact with cryptocurrencies directly on its platform continues to attract popular individuals’ attention. The latest to acknowledge the significance of this move were the Head of Facebook Financial, David Marcus, and Social Capital CEO Chamath Palihapitiya. Banks Will Follow PayPal, Says Marcus Arguably the most significant piece of news recently came last week when the giant online payment processor PayPal announced it will soon...

Ripple CEO Brad Garlinghouse is the latest popular individual to criticize the apolitical approach recently taken by the cryptocurrency exchange Coinbase. Just the opposite, Ripple has offered employees paid time off to vote and volunteer in the upcoming US Presidential elections. Ripple CEO Disagrees With Coinbase CEO Brian Armstrong, the Chief Executive Officer of the veteran US-based digital asset platform Coinbase, raised lots of controversies recently after a blog post....

The fiasco with Harvest Finance continues with full force. The team has put a $100,000 bounty for the first person or team to reach out with information about the hacker. It’s also important to note that the attacker has decided to return $2.5 million to the deployer contract of Havers Finance. However, given that the total amount of stolen funds is close to $24 million, the returned sum represents a tight 10% of it all. Developments in the Making: $2.5 Million Returned to...

Founder and former executive chairman of the multinational technology conglomerate Alibaba Group, Jack Ma, believes that world regulators need to improve the legislation around digital currencies as they could create value. Ma: Digital Currencies Could Create Value In a recent speech reported by Bloomberg, the Chinese billionaire criticized the current global financial regulatory framework for its lack of innovation. He claimed that watchdogs are primarily focused on risk...

After marking two consecutive yearly highs in the span of a few days, Bitcoin has calmed but still hovers over $13,000. Most alternative coins have remained relatively stable, and the market cap is yet to break above $400 billion decisively. Bitcoin Stays Above $13k Although Bitcoin started the weekend with apparent stagnation, the asset entered Sunday on a roll. BTC was trading at $13,100 but sharply exploded to a fresh 2020 high of above $13,350. Shortly after, though, the...

More than a week ago, Japan’s central bank announced that it would begin testing its digital currency next year. This is coming a few months after the bank formed a new research team to accelerate its research on the feasibility of a digital currency in the country. BOJ Needs Public Support More reports surfaced that Japan has no immediate plans to launch a digital currency. However, a senior BOJ official in charge of looking into the possibility of launching a CBDC made a...