Tag Archives: AA News

Bitwage has announced the launch of what’s reportedly the world’s first Bitcoin 401(k) plan, enabling companies to give employees the ability to invest their pre and post-tax dollars in Bitcoin.Announced by Bitwage CEO, Jonathan Chester, the launch comes after the company tested the system for ten months on its own employees.World’s First Bitcoin 401(k)According to the report, companies can now offer employees “the ability to invest traditional/pre-tax and Roth/post-tax 401k dollars into...

The inevitable onslaught of central bank digital currencies (CBDCs) won’t harm Bitcoin’s value proposition – in fact, it will give it a serious shot in the arm.That’s the key takeaway from Grayscale Investments’ May report on how the rollout of CBDC’s will affect the status of Bitcoin.CBDCs are digital currencies centrally issued and controlled by central banks. In this respect, they are the very antithesis of Bitcoin and stand opposed to the ideals of cryptocurrency as a whole.However,...

Legacy markets have almost entirely recovered from their sharp downturn in the middle of March. It appears that the adverse effects of the novel coronavirus COVID-19 are well behind. Despite the doom-and-gloom predictions of many economists, major indices are going up steadily.The S&P 500 Down Just 10% From Its February LevelsThe S&P 500 is currently trading at above 3,000 basis points, charting an increase of about 2% on the day. More interestingly, it’s down only about 11% from its...

Facebook continues with the reforms to its future cryptocurrency project as Libra’s wallet provider Calibra has been rebranded to Novi. Despite the name change, though, the subsidiary of Facebook will not revise any of its long-term commitments and goals.Calibra Becomes NoviFacebook introduced today the new name Novi, inspired by the Latin words “novus” for “new” and “via” for “way.” David Marcus, co-creator and board member of Libra, said the name change was necessary because “there was more...

Chinese multinational tech behemoth, Tencent has revealed its plans to invest heavily in emerging technology industries, including blockchain.Tencent To Invest $70 BillionAccording to a Tuesday report, the company will, over the next five years, invest 500 billion yuan ($70 billion) into this project, which it describes as investing in “new infrastructure.” Speaking about the development, Dowson Tong, Senior Executive VP at Tencent, revealed that the investment covers other tech sectors such...

One of India’s leading cryptocurrency exchanges, CoinDCX, has secured $2.5 million as part of a move, aiming to give a thrust to further cryptocurrency adoption in the country. The investment is led by Polychain Capital and supported by Coinbase Ventures as well.A Bold Effort To Increase Crypto Users In India To 50 MillionThere’s the idea that the financing of the project might be useful in supporting and boosting CoinDCX’s events, community engagements, crypto educational programs, and...

The giant South Korean multinational tech company, Samsung Electronics, introduced today its newest security chip solution. It’s designed to protect personal data and fintech activities, including mobile banking and cryptocurrency transactions.Samsung’s New Security Solution Protects Crypto TransactionsPer the announcement from earlier today, the latest standalone turnkey security solution chip from the tech giant is Common Criteria Evaluation Assurance Level (CC EAL) 6+ certified, which is...

Zilliqa (ZIL) gained almost 35% in the past 24 hours, marking a delayed reaction for a coin, which was subject to some increased attention over the previous weekend.First, cryptocurrency exchange Binance announced it would be listing a ZIL/BUSD trading pair on Friday, May 22.Then, Zilliqa received a begrudged mention from Ethereum co-founder Vitalik Buterin on Twitter. Buterin declared that Zilliqa – like Ethereum – has a lot of room to succeed and prosper in the future.Zilliqa’s Delayed 35%...

An unknown person has tampered with some of the Bitcoin addresses that Craig Wright has previously claimed to own in his ongoing legal case against the Kleiman estate.The person has used the private keys for the addresses to sign a message in which he called Wright a liar and a fraud.CSW Is A Liar And A FraudThe message in the 145 wallet addresses, containing bitcoins mined during the asset’s early years, was initially brought up earlier today by a cryptocurrency proponent and it reads:“Craig...

The Switzerland government has rejected the 100 million Swiss Francs ($102.7 million) funding request made by the country’s famous Crypto Valley, according to a local media report.Located in the heart of Zug, Crypto Valley is a fintech friendly region with favorable regulations for cryptocurrency and blockchain startups, making it a much-celebrated blockchain hub. Despite the open arms towards blockchain technology, the recent COVID-19 pandemic has forced many private equity investors to...