Tag Archives: AA News

The price of Compound (COMP) tokens is seeing a massive surge amid a manic week for the decentralized finance (DeFi) project, which included a listing announcement by U.S. crypto exchange giant Coinbase.Compound TVL Crosses $400M TVL MilestoneWith the number of lenders on the Compound protocol increasing rapidly, data from DeFiPulse shows the project crossing the $400M mark in total value locked (TVL). Barely a week ago, this figure stood at $100 million. Compound becomes the second lending...

The last seven days were relatively calm when it comes to Bitcoin as it marks a slight decrease of less than 1%. However, on June 15th, the price dropped to about $9,000, but it managed to recover very quickly and has traded in a narrow range since. Overall retail interest in the asset seems to be decreasing as Bitcoin recorded the lowest number of searches in the past three months, data from Google Trends revealed. The asset remains mostly correlated with legacy markets, but the latter...

Bitisis, an Iran-based crypto exchange, allegedly went bust. The organization was highly reported by Chinese media recently, and the suspicions are that the actual masterminds and control probably came from China instead.Gone With The Whole Investment CapitalAccording to a recent report from 8btc, the owners have controlled several overseas exchanges. The organizations had claimed to be able to carry arbitrage to attract additional individual investors. However, it all went off the radar, and...

Debit card provider and payment processor Wirecard AG, whose subsidiary issues visa debit cards for both Crypto.com and TenX, has failed to locate over $2 billion of lost assets.The company’s stock prices continue plunging after the two banks supposedly holding the massive amount denied any business relationship with the German payments processor.Wirecard AG In TroubleThe German-based firm revealed a worrisome issue on Thursday as the company’s decade-long auditor Ernst & Young was unable...

According to a popular metric, Bitcoin has dropped back in a “buy zone.” Historically, it has been an attractive point for investors to accumulate as a price surge has followed on most occasions.Bitcoin’s PM Indicator Drops To 0.5The Puell Multiple is a metric calculated by dividing the daily issuance value of bitcoins in USD by the 365-day moving average of the daily issuance value. Daily issuance is the number of freshly minted coins added to the ecosystem by miners after receiving them as...

Changpeng Zhao, the CEO of the world’s leading cryptocurrency exchange, Binance, recently highlighted the importance of anti-addiction notices when trading high-risk products such as options.This comes days after a 20-year old tragically took his life after seeing a $730,000 negative balance on the popular retail trading app Robinhood.A Tragic StoryOn June 12th, 2020, Alex E. Kearns, a 20-year old student at the University of Nebraska, committed suicide. His parents found a note on his...

The positive price performance of Elrond (ERD) in 2020 continues as the altcoin project announced new partnerships with major players in the global travel industry.Flight Payments with ERD on 600 AirlinesElrond Network CEO Beniamin Mincu announced the news of the project’s partnership with Travala and TravelbyBit – two prominent online travel agencies, via a Medium blog post on Thursday (June 18, 2020). According to the statement, both companies are integrating Elrond on their platforms,...

The Bank of Thailand (BOT) has announced plans to develop a payment system prototype for businesses through the use of Central Bank Digital Currency (CBDC), according to a report published by the bank on Thursday.CBDC For BusinessesThe prototype will allow Thailand’s central bank to conduct a feasibility study and also develop ways to integrate the CBDC with the procurement and financial management systems platform developed by Siam Cement.The CBDC prototype will commence in July 2020 and...

A local report indicated that Tokyo Electrical Energy Firm Holdings Inc (TEPCO) has partnered with the Japanese trading company Itochu Corp, to develop a blockchain-based platform to trade surplus of electricity between households.Blockchain-based Trading Platform For ElectricityAccording to the Nikkei, TEPCO and Itochu signed the partnership to utilize blockchain technology for the upcoming product. The two organizations began initial development stages for the innovative trading platform...

The French video game company Ubisoft just launched an Ethereum-based collectible game called Rabbid Tokens. All profits of the new game will be donated to causes, supported by the United Nations Children’s Fund (UNICEF)Raving Rabbids To The RescueEveryone who has ever played 5 minutes of the game knows it’s insanely fun and captivating. At least for kids from 5 to 50. In this case, the highly popular video game characters are the main incentive for collecting financial support for a greater...