Tag Archives: AA News

Fans of boxing champion Manny Pacquiao have reason to celebrate this week. The star is launching his PAC token on the Sparkle IEO platform of the GCOX exchange. Pacquiao, who is currently the reigning world welterweight champion, announced he would be launching his own token back in September. The IEO is running over three days starting November 12, after which the token will be listed for trading on GCOX.PAC is the first such “celebrity token” and the latest entrepreneurial effort from the...

Russia, China, as well as the other members of the international group of emerging nations BRICS, which include India, Brazil, and South Africa, plan to create a cryptocurrency designed for payment settlements.BRICS Contemplating A CryptocurrencyBRICS is an international group of emerging nations that includes some of the world’s most prominent economies. Namely, these are Brazil, Russia, India, China, and South Africa.According to popular Russian media, during the business council of the...

Blockchain took it on the chin this week as several big names in the industry speculated that the technology that underpins Bitcoin and other cryptocurrencies has been over-hyped. Meltem Demirors, CIO of CoinShares Group, even went so far as to declare blockchain “dead.”Don’t Start Eulogizing Blockchain Quite YetDemirors, along with more than a thousand enthusiasts, investors, financial managers, regulators, and other movers and shakers in the crypto space, were on hand at this year’s Invest:...

The cryptocurrency ecosystem is no stranger to scams and pyramid schemes. Exciting new technology, coupled with dramatically rising prices a few years ago, helped lure people into get-rich-quick schemes that only served to part them from their hard-earned money. One of the biggest cryptocurrency scams is OneCoin, which managed to take in almost US$4 billion. Now the OneCoin saga takes another turn as the brother of the cryptocurrency’s founder has pleaded guilty to money laundering and fraud...

Decentralized Finance (DeFi) is among the fastest-growing trends that are based on blockchain. The well-known venture capital firm Andreessen Horowitz has recently invested $25 million in the popular DeFi project Compound, thus continuing its involvement in the field.$25 Million Raised For a DeFi ProjectAndreessen Horowitz invested $25 million in the fast-growing project in the field of decentralized finance, Compound Finance. The latter is based in San Francisco and uses blockchain and smart...

PayPal has recently stopped processing payments connected to the popular adult website, PornHub. The news wasn’t received well by numerous affected users. However, the company accepts cryptocurrencies, and famous crypto proponents seem to be pushing for further adoption.PornHub’s Payment Future Is With Crypto?PornHub announced today that PayPal cuts off payouts to “over a hundred thousand performers who rely on them for their livelihoods.”PayPal was one of the more commonly used payment...

In yet another example of China’s changing view of cryptocurrency, the People’s Liberation Army’s (PLA) media mouthpiece is calling for its soldiers to be rewarded with crypto to incentivize performance.A Tokenized Rewards and Demerits SystemA recent article in the military-run PLA Today suggested that some form of cryptocurrency could be used as part of a performance assessment rewards system that would gauge how well soldiers completed tasks, progressed in their training, and other...

The world is increasingly becoming a smaller place due to the evolution of technology. The internet and streaming allow for instantaneous communication, and people can virtually congregate to watch movies, sporting events, and even video game matches. However, the rise in technology and communication has led to a loss of privacy. Anonymous is seeking to protect the privacy of the individual in this digital age, and they’re putting their money where their mouth is. The group has announced the...

Heath Tarbert, the Chairman of the US Commodity Futures Trading Commission (CFTC), said at a conference yesterday that the country should increase its involvement in digital currencies and blockchain. He also called for action in terms of regulatory clarity.The U.S. To Lead Blockchain InnovationsThe chairman of the CFTC attended a conference on Tuesday and spoke about the involvement of US officials in blockchain and digital assets, in general. According to him, the country should be more...

Bitcoin’s price movements have been rather bearish over the last few days. Yesterday, the largest cryptocurrency by market cap tried breaking up but got quickly rejected and recorded $8550 as of yesterday’s low.Since then, Bitcoin is slowly gaining momentum, and the coin is back at the past week’s consolidation range $8700 – $8800.As reported here yesterday, the $9,150 level that Bitcoin reached on Sunday and got rejected, was where the 4-hour MA-50 and the MA-100 met. Additionally, that’s...