Category: AA News

Polkadot’s Parachain Launch Phase Begins

After the first successful parachain on Kusama is demonstrated, Polkadot will transition towards a complete main net launch, allowing for Wood’s dream of a scalable multichain platform to be completed. Testing Methodology The creation of parachains will be groundbreaking, but their viability must be tested thoroughly before deployment. Parachains are fine-tuned chains for specific purposes, […]

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Chinese Industry Organizations Reiterate Old Restrictions on Cryptocurrencies

Latest reports from China reveal that self-regulatory bodies have reiterated a ban on financial institutions and payment companies from providing banking services to crypto traders and related entities. Per the original report, the move stems from high volatility in the crypto market, which reportedly exposes people’s property to risk. In a joint statement by three […]

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Ethereum Whales Refuse to Sell Despite ETH’s Plunge to $3,100

Ethereum Whales Refuse to Sell Despite ETH’s Plunge to $3,100

The largest Ethereum wallets have refused to dispose of substantial quantities of their holdings despite the massive turbulence that the asset experienced in the past week. At the same time, a study compiled by a researcher from the Ethereum Foundation estimated that once the network transitions from PoW to PoS, it will reduce the energy […]

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Elon Musk Tweets About Starbase: Shortly After, Starbase Token (STAR) Soars 6000%

Elon Musk Tweets About Starbase: Shortly After, Starbase Token (STAR) Soars 6000%

The cryptocurrency market continues to baffle. More specifically – everything that Elon Musk tweets about, regardless of whether it actually has any relation to cryptocurrencies – seems to have an impact. The case in point is a cryptocurrency called Starbase Token, carrying the STAR ticker. According to the project’s official website, it represents a “blockchain […]

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Bought the Dip? MicroStrategy Purchased $10M in Bitcoin at $43.6K

Michael Saylor’s NASDAQ-listed company continues with its initiative to purchase sizeable amounts of bitcoins at frequent intervals. The firm said earlier today it had allocated another $10 million in cash in BTC, and its total stash is over 92,000 coins. The founder and CEO of the business intelligence giant announced the latest purchase on Twitter […]

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Despite BTC Losing $16K in Days, Crypto Community’s Bitcoin Positivity at 2021 Peak: Analysis

Despite BTC Losing $16K in Days, Crypto Community’s Bitcoin Positivity at 2021 Peak: Analysis

The cryptocurrency community has shown the highest optimism levels towards bitcoin in the past few days after the asset lost over $16,000 of value. At the same time, the popular fear and greed index has gone into an “extreme fear” territory. Crypto Investors Optimistic on Bitcoin? Ever since the primary cryptocurrency reached its latest all-time […]

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FOX Partners with Rick and Morty Co-Creator to Launch NFT Marketplace

Fox Broadcasting Company partnered up with Dan Harmon – co-creator of Rick and Morty – to develop animated series based on blockchain technology. The comedy series, dubbed ‘Krapopolis,’ will introduce the sale of non-fungible tokens illustrating the characters and artwork featured in the show. Fox Enters The Crypto Community The American commercial broadcast TV network […]

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Amid the Bitcoin Fiasco: Elon Musk No Longer the World’s Second-Richest Person

Amid the Bitcoin Fiasco: Elon Musk No Longer the World’s Second-Richest Person

Tesla’s CEO, Elon Musk, has lost his spot as the world’s second-richest person to the French billionaire investor – Bernard Arnault. Interestingly, this development came after Musk’s adverse comments on bitcoin and the continuous price drop for Tesla’s stocks. Musk Loses Second Spot in Terms of Wealth According to data from the Bloomberg Billionaires Index, […]

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Crypto Investors Lost Over $80 Million to Scams in 6 Months, According to FTC Data

The Federal Trade Commission (FTC), an agency which seeks to protect U.S. consumers against fraud, revealed that investors have lost over $80 million to cryptocurrency investment scams between October 2020 and March 2021. Crypto Scam Reports Skyrocket According to a report published by the FTC on Monday (May 17, 2021), the agency noted that it […]

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