Tag Archives: AA News

Decentralized finance (DeFi) is all the rage in 2020 as projects in the field continue to explode. The total value locked in lending protocols has skyrocketed throughout the year.And while there are plenty of exciting projects, one seems to stand out with its unique approach.The project in question is Ampleforth (AMPL). It addresses a few problems that even Bitcoin, being the primary and most widely-adopted and perhaps, understood, cryptocurrency, has.But for AMPL to make sense, let’s dive...

After adding Stellar to its Samsung Blockchain Keystore, the tech mogul has also featured another cryptocurrency project under its kit.Namely, this is the Decentraland Marketplace application that has already been added to Samsung’s Blockchain Wallet, as per a recent report.Decentraland Joins Samsung Blockchain WalletAccording to an official announcement, the smartphone giant Samsung, who’s attempting to further the adoption of blockchain technology, has involved the popular project...

The leading digital asset management company Grayscale Investments has received approval from FINRA for public quotations for two more of its cryptocurrency products. Consequently, shares of both Grayscale Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN) have become the first publicly-quoted securities in the US deriving value from Bitcoin Cash (BCH) And Litecoin (LTC).FINRA Approves Grayscale’s BCH And LTC TrustsAccording to the official announcement from the digital currency...

The UK’s HM Treasury, who acts as the ministry of economy and finance, said it might give the Financial Conduct Authority (FCA) a free hand to monitor advertisements issued by unauthorized firms, including those related to cryptocurrency.HM Treasury Proposes that FCA Supervise Cryptocurrency PromotionsAs of today, finance companies that are not under the supervision of the FCA must get approval from any authorized firm to promote a financial product through advertising. However, the...

Recent research has indicated that Ethereum has ‘blown past Bitcoin’ in terms of daily settlement value, which is a testament to how much economic activity has increased on the network.Ethereum Beats Bitcoin on Economic ActivityMessari researcher, Ryan Watkins, recently posted his findings stating that a quarter ago, Ethereum had just about reached parity with Bitcoin in Daily settlement value. A quarter later, Ethereum has blown past Bitcoin.Zooming in on Ethereum, in Q1 Ethereum had just...

Although the altcoin market remains highly volatile, most price movements in the past 24 hours have been sharp retraces with a few exceptions.Bitcoin, on the other hand, remains stable and hasn’t left its familiar trading territory of about $9,150-$9,200. In the traditional financial markets, the three largest US indexes are in the green as Nasdaq even tops a new all-time high.ATH For Nasdaq, Bitcoin Metric Suggests A Price DiveMore speculations and promises for a new coronavirus vaccine...

Because of the increasing interest and growing adoption rates towards digital assets, Mastercard announced the expansion of its cryptocurrency initiative called Accelerate program.UK-based payment processor Wirex has become the first digital asset native member of the program, and Mastercard is inviting other cryptocurrency projects to join the growing network.Mastercard Welcomes Crypto ProjectsAccording to the announcement from earlier today, the US-based financial service behemoth has...

The CBDC race is about to heat up again with nations across Asia leading the way in crypto research. Japan is the latest to accelerate progress, joining China and Thailand, which are already well underway with their respective digital currencies.Japan Forms Crypto Research TeamThe Bank of Japan (BoJ) stated on Monday that it has started with the formation of a ‘Digital Currency Group, ’ which will operate under the umbrella of the Payment and Settlement Systems Department. The primary goal of...

Chanpeng Zhao, CEO of the leading cryptocurrency exchange Binance, believes that there’s an ongoing altcoin season in the digital asset market.In a recent interview, he also emphasized on Bitcoin’s increased stability, joking that it has become a stablecoin now.CZ Suggests An Altcoin SeasonDuring the past several weeks, the altcoin market has boomed with double-digital increases charted almost daily. These events pushed cryptocurrencies such as Chainlink’s LINK to new highs. The DeFi sector...

Altcoins continue gaining traction, while Bitcoin remains calm. This decreases BTC’s dominance over the cryptocurrency market down to 62%, which is the lowest point in five months.Altcoin Market Rises To The OccasionThe past 24 hours come as another example that the altcoin market is fluctuating massively lately. This is especially evident among lower-cap alternative coins. Today’s leader is Terra (LUNA), with a surge of nearly 40% towards $0.37.Band Protocol is next after going up by 32% and...