Tag Archives: AA News

The combined stablecoin market recently topped a valuation figure of $20 billion. Apparently, this was the total market value of all cryptocurrencies in the pre-bull run month of February 2017. Also, stablecoins together are contributing to $26 billion worth of trading volume.The Crypto Stablecoin Market Is BoomingAs per the latest statistics, the total market cap of all stablecoins in circulation has topped $20 billion. This, as per crypto Twitter commentator, Dan Romero, was the value of...

Two of the biggest Italian digital payment companies Nexi and SIA have reportedly high-fived for a new deal to create a domestic payments group with 1.8 billion euros ($2 billion) in revenue. The new firm’s executives plan to expand in Europe and compete with other digital payments companies.Burying The HatchetViewed as the two major rivals at the Italian electronic payments market, Nexi and SIA are expected to put together one of the biggest firms, picking up 70% of the domestic market...

Cryptocurrency investors have withdrawn approximately 45,000 bitcoins from the derivatives exchange BitMEX following the recent charges brought by the US CFTC. A sizeable portion of the massive amount has ended up on two rival exchanges – Gemini and Binance.CFTC Charges Against BitMEX OwnersAs CryptoPotato reported last week, the US Commodities and Futures Trading Commission pressed charges against the owners of the popular derivatives exchange BitMEX. The CFTC charged Arthur Hayes, Ben Delo,...

Support for Ethereum 2.0 is growing rapidly. In a significant milestone, Eth2’s Medalla test net has expanded to more than 75GB in size. Along with this, the number of staked test ETH on the test net has crossed well above 2 million.Ethereum 2.0 Testnet Size Tops 75 GBAs per the latest reports, two months after the launch of Medalla, every node in the Eth2 test net is already holding more than 75 GB worth of data. It’s predecessor, the parent Ethereum blockchain, has a size of more than 452...

The central bank of Thailand has leveraged blockchain technology running on IBM Cloud to launch the world’s first DLT-based platform for government savings bonds.Within the first two weeks of operations, the blockchain-based platform has issued a total of $1.6 billion of such bonds. The announcement from the International Business Machines (IBM) Corporation reads that the platform enables investors to “benefit from speedy bond issuance, reducing a process that previously took 15 days to two...

October 15th is approaching, and that’s the latest deadline for submitting a rehabilitation plan for reimbursing the Mt. Gox creditors. With them claiming over 150,000 bitcoins, which is about 15% of the total value owed to creditors, the community speculates on the potential market impact.October 15th: What You Need to KnowThe Mt. Gox case has been going on for years, and it’s arguably one of the biggest, if not the biggest hacks against a cryptocurrency exchange.In a document released on...

For a number of years, CoinMarketCap (CMC) has been the industry’s premier analytics website for data on the top tokens and exchanges. There were a number of competitors but CMC was still the chosen source despite major discrepancies in the data it published.CEO of the FTX derivatives exchange and Alameda Research, Sam Bankman-Fried (SBF) has opened a dialogue on whether the Binance acquisition has been beneficial to the website.1) Unpopular take: @cz_binance partially saved @CoinMarketCap.—...

Deutsche Bank is out with it’s latest cryptocurrency report. The global banking giant has discussed central bank digital currencies (CBDCs) in great detail, and their effect on central banks, individuals, and governments.In the discussion pertaining to individuals, DB says that CBDCs could encounter political resistance and encourage social unrest.Central Bank Cryptos Could Make A World Of DifferenceIn it’s latest CIO Special report, German banking heavyweight Deutsche Bank observed that...

In late August this year, Binance launched its DeFi Composite Index. Trading under the DEFIUSDT symbol, it’s currently down over 50% in a little over a month.Unfortunately, there is even worse news for the young index.DeFi Composite Index Down Over 50%At this point, it’s quite clear that DeFi is where all the rage is in 2020. The field has seen exponential growth over the past few months, as the total value locked in protocols has increased from about $500 million in March to almost $11...

Trump may not like crypto, but the crypto-verse sure doesn’t miss a chance to mess with him. As proof that anything can be tokenized – no matter how trivial or influential – a derivative has just appeared on Uniswap to track the President’s health: Please welcome the Trump Health Index (THI).Little is known about this “project” beyond its name and evolution (and, of course, its smart contract). For purists, it should be an index that goes up when the market has a positive perception of the...