Category: AA News

Huobi Files to Dissolve Chinese Entity Following Recent Cryptocurrency Crackdown

One of the leading cryptocurrency exchanges, Huobi, has filed to dissolve an entity based in China. This comes as the country escalates its efforts to clamp down on the cryptocurrency industry, in general. Evident in Chinese business registration archives, the entity’s management has filed a Resolution to dissolve On July 22nd, this year. The announcement further reads […]

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Tesla Reports $23 Million Impairment From Its Bitcoin Holdings

Tesla, Elon Musk’s electric car manufacturer, released its quarterly earnings results, reporting more than $1 billion in profits for the first time since its launch. It’s not all fun and games, though. To the delight of Elon’s crypto Twitter fans-turned-haters, Tesla’s investment in Bitcoin made it $23 million in losses after the markets crashed during […]

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Robinhood Plans to Dive Deeper into Crypto, According to CEO Vlad Tenev

Robinhood Plans to Dive Deeper into Crypto, According to CEO Vlad Tenev

Vlad Tenev – the Chief Executive Officer of Robinhood – revealed that the company is looking to provide its customers with more cryptocurrency services such as a digital wallet. However, he did not specify when the firm would implement the new offerings. Is Robinhood Expanding Its Crypto Scope? The American financial services company – Robinhood […]

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Not Yet: Amazon Denies Rumours on Plans to Accept Bitcoin

An Amazon spokesperson has said that the earlier reports of the company planning to accept Bitcoin and to investigate the issuance of its own token next year are false. Previously, a report from City AM, citing Amazon insiders, claimed that the world’s leading online retailer plans on accepting Bitcoin and to investigate issuing its own token in […]

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Bitcoin Price to $5 Million? S2F Model Creator Explains His Long-Term Prediction

PlanB, a quantitative Bitcoin analyst and the creator of the popular stock-to-flow (S2F) model, is still very much bullish about the future of the leading cryptocurrency.  The drop in bitcoin’s price within the last three months has raised many questions among crypto traders and analysts on whether or not the bull market is still intact. […]

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Tether Calls Recent Bloomberg Report of an Alleged DOJ Probe Clickbait

Tether just issued a brief response to a Bloomberg article published earlier today, alleging that the company’s executives are facing a criminal probe into Bank Fraud.  Tether implies that Bloomberg’s claims are recycled, pointing out that the article is based on unnamed sources and stale, years-old allegations. The stablecoin issuer considers the article as part […]

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Almost Half of Singaporeans Own Cryptocurrencies: Independent Reserve Survey

A new survey conducted by the Independent Reserve revealed that 43% of the residents of Singapore own digital assets. 46% asserted they would purchase virtual currencies in the next year. Singaporeans Are Keen on Crypto The Australian trading venue Independent Reserve (IRCI) surveyed 1,000 participants to determine the level of cryptocurrency adoption in Singapore. Per […]

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Tether Executives Allegedly Under DOJ Investigation for Suspected Bank Fraud

Tether executives are reportedly facing a probe from the US Department of Justice (DOJ), as prosecutors are looking into the company’s past activities with its banking partners. According to Bloomberg on Monday (July 26, 2021), the information came from three anonymous sources familiar with the matter. The DOJ is investigating whether banks were aware of […]

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FTX and Binance Futures Reduce Leverage to 20x, Prioritizing Consumer Protection

Two of the leading cryptocurrency derivative trading platforms – Binance Futures and FTX – are reducing the maximum allowed leverage on their platforms. Ran by Sam Bankman-Fried, FTX is one of the leading cryptocurrency derivatives trading platform, offering high leverage of up to 100x to its customers. This, however, will no longer be the case […]

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