Tag: AA News

Associated Press (AP) Will Run a Chainlink Node To Guarantee The Reliabitliy Of Its Data

The challenge of getting a reliable source of data has been a perennial problem in the journalism business. Ever since the first information broadcast media was born, the world has had to rely on the integrity of those who provide the data. But that could change now that Chainlink is harnessing the power of decentralization, […]

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Solana Reaches Record High in TVL on DeFi Protocols While SOL Price Soars

Solana Reaches Record High in TVL on DeFi Protocols While SOL Price Soars

Solana – the fast-rising public blockchain platform – has reached an all-time high in TVL on its Defi protocols. This comes amidst a booming cryptocurrency market in which altcoins are beginning to reclaim market share. According to Defi Llama, the TVL in DeFi on Solana reached a new record of $12.7 billion earlier on October […]

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Houston Firefighter’s Pension Fund Bought $25M Worth of Bitcoin and Ethereum

The Houston Firefighters Relief and Retirement Fund (HFRRF) has hopped on the cryptocurrency bandwagon by making a $25 million investment in BTC and ETH. The allocation became possible through a partnership with New York Digital Investment Group (NYDIG). The October 21st press release outlined the partnership between the two organizations, reading that NYDIG facilitated the […]

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Mt. Gox Creditors Could Receive Billions in BTC as Latest Rehabilitation Plan Gets Approval

The trustee responsible for handling the Mt. Gox hack and the victims’ claims has updated that the rehabilitation plan was approved by the majority of creditors. Consequently, the creditors could receive roughly $9 billion in BTC by the end of the year. Mt. Gox was once the biggest cryptocurrency exchange responsible for 70% of the […]

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I Feel Underinvested in Bitcoin: PayPal Co-Founder Peter Thiel Says

I Feel Underinvested in Bitcoin: PayPal Co-Founder Peter Thiel Says

The German-American billionaire entrepreneur – Peter Thiel – praised bitcoin’s recent surge to an all-time high price. According to him, this rise shows that the major financial institutions are struggling to cope with the current economic situation. Underinvested in Bitcoin Peter Thiel – Co-Founder of PayPal and Palantir Technologies – has been a long-standing cryptocurrency […]

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7x April’s ATH: Bitcoin Transactional Volume Reaches $700 Billion in a Week

7x April’s ATH: Bitcoin Transactional Volume Reaches $700 Billion in a Week

There’s been plenty of comaparisons of Bitcoin’s price action now and in April when the cryptocurrency reached its previous all-time high. Research firm IntoTheBlock now points out a staggering difference in Bitcoin’s transactional volume between the two periods. $700 Billion Weekly Transactional Volume According to the research firm, Bitcoin’s on-chain volume reached over $700 billion transacted, which […]

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Bitcoin Price Flash Crashed 87% to $8200 on Binance US

Bitcoin Price Flash Crashed 87% to $8200 on Binance US

After yesterday’s new all-time high at $67,000, bitcoin corrected today with a steep decline to below $64,000. On some exchanges, though, the crash was significantly more violent as BTC dropped as low as $54,000 on Kraken and to four digits on Binance.US. October 20th was a historic day for the primary cryptocurrency as it finally […]

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FTX Closes $420 Million in Series B-1 Funding: Company Now Valued At $25 Billion

One of the leading cryptocurrency exchanges, FTX, just revealed that it finalized massive funding round, the numbers in which are inspired by – you guessed it – the 420 and 69 meme numbers. Memes have become particularly popular and part of the cryptocurrency culture. From food-based tokens, apes, degens, and pop culture numbers, it appears […]

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JPMorgan: Inflation Hedge Narrative Propelled Bitcoin’s Price to ATH

JPMorgan: Inflation Hedge Narrative Propelled Bitcoin’s Price to ATH

Strategists at the financial institution JPMorgan Chase & Co. argued that the reason behind BTC’s all-time high price is not the launch of the ProShares Bitcoin Strategy ETF. Instead, concerns about the rising inflation made the digital asset an attractive investment option, and that led to its recent rally. Gold Failed, BTC Prevailed The moment, […]

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$2.2T Asset Manager Pimco Is Starting to Trade in Cryptocurrencies, Said CIO

$2.2T Asset Manager Pimco Is Starting to Trade in Cryptocurrencies, Said CIO

Pimco – a global investment management firm – recently confirmed that it is slowly increasing its cryptocurrency exposure. Chief Investment Officer Daniel Ivascyn said some of the company’s hedge funds are already trading crypto-linked securities. He even predicted that digital assets could eventually disrupt the entire financial system. Pimco Experiments With Crypto The CIO revealed […]

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