Tag Archives: AA News

Banks in Hawaii, one of the fifty states in the US, would be able to provide cryptocurrency custodial services to investors under a new bill introduced by the state’s lawmakers late last week, should it pass approval.  If successful, the legislation would grant Hawaiian banks the right to hold and manage digital assets such as digital consumer assets, digital securities, and cryptocurrencies for their customers. The bill, which has already passed its first reading on Tuesday, is co-sponsored...

Ripple, the company behind one of the largest cryptocurrencies on the market, XRP, might file for an IPO within the next 12 months. So much became clear in an interview with the company’s CEO, Brad Garlinghouse, during the World Economic Forum in Davos.Ripple May Go Public In The Next 12 MonthsThe past few days have been quite intense as the World Economic Forum 2020 is taking place in Davos, Switzerland. In an interview, Ripple’s CEO, Brad Garlinghouse shared his thoughts on the industry, as...

A recent survey from the Bank for International Settlements (BIS) confirms the emerging trend of digital currencies backed by central banks. The publication reveals that 80% of the participants have declared that they are currently working on issuing their own cryptocurrency.CBDCs: Coming From Most BanksThe survey was compiled by BIS at the end of 2019 and contains the answers from 66 central banks around the world. Twenty-one came from advanced economies and forty-five from emerging market...

After last week’s rally, it now seems that Bitcoin is hitting the headlines once again. American venture capital investor, Tim Draper, has recently spoken out about Bitcoin, suggesting that millennials need to invest in Bitcoin if they want to secure their financial future. On Wednesday, January 22nd, 2020, Draper spoke to Liz Claman during an interview. While the discussion touched on other topics, such as Elon Musk and SpaceX, it ended with some sound advice coming from one of the world’s...

Tether, the issuer of the popular stablecoin USDT, has now launched a new type of commodity-backed token pegged to gold. At the time of this writing, the new token will be issued on the networks of Ethereum and Tron.Tether Launches Tether Gold (XAUt)According to a recent announcement, Tether, the company behind the most widely used stablecoin, USDT, has launched a new digital asset. Ticked XAUt, the token represents one troy fine ounce of gold on a London Good Delivery bar.Holders will be...

In an industry like this, where cryptocurrency prices are highly volatile and unpredictable, putting all eggs in one basket could be quite risky. Many got to know this the hard way, while some learned from the experiences of others.  A recent Twitter poll revealed that an increased number of crypto traders and investors are now expanding their portfolios to include more than one digital currency, including Bitcoin. 46.7% of Traders Invest In BTC and 5 Other AltcoinsPopular cryptocurrency...

Pornhub, the popular adult website, has updated its payment methods and has added Tether (USDT) as an option. Just months after PayPal stopped supporting the platform, the cryptocurrency world introduces a viable alternative.TRON and USDT On PornhubThe adult platform announced that it had added the most-widely used stablecoin Tether (USDT) as a new payment option. The report clarifies that USDT is backed by the U.S. dollar, “meaning one USDT token is equal to one U.S. dollar.” Furthermore, it...

The debates on whether or not the forthcoming Bitcoin halving will affect the price of the asset continues with full force. While some people believe that the event has already been priced in and the community should not expect a significant boost, others presume that Bitcoin is yet to encounter the real impact.Bitcoin Halving Can’t Be Priced InThe Bitcoin Halving is arguably the most awaited event this year in the crypto community. It occurs every four years, and the next one is supposed to...

The San Francisco-based venture capital firm, Andra Capital, is planning to issue its own Silicon Valley Coin (SVC) via a Security Token Offering (STO). The project comes after a collaboration with the Tezos Foundation, and it will be built on the latter’s blockchain. Following this announcement, XTZ notes a daily increase of almost 9% against the dollar.Andra Capital Partners With Tezos To Issue SVC TokenAs reported earlier today, the California VC company will work with the Tezos Foundation...

While the industry is still abuzz over Bitcoin’s surge toward new yearly highs during last week’s rally, the world has also caught wind of some exciting news about the world’s 15th largest cryptocurrency based on market cap: Ethereum Classic.As of today, January 22nd, 2020, Grayscale’s Ethereum Classic Trust has announced its financial commitment to fund further development of the Ethereum Classic blockchain over the course of the next two years. According to a leaked private message from the...