Tag Archives: AA News

There’s a crypto study out of South Korea recently of Chinese Bitcoin arbitrage traders and Korea’s “kimchi premium” on Bitcoin prices. Its characterization of the cross-border Bitcoin trade and recommendations miss some key economic foundations. A recently published crypto study by Incheon National University and the Bank of Korea is making the rounds. The authors found a strong correlation between the “kimchi premium” and international remittances to China. ‘Kimchi Premium’...

The mining data site Hashrate Index has released a report reflecting on the state of the Bitcoin mining industry throughout 2022.  The analysis examines the steep decline in mining profitability in 2022 compared to 2021 amid plummeting Bitcoin prices and a rising hash rate.  The Hardest Hitting Bear Market Per the report published on Wednesday, Bitcoin’s hashprice reached an all-time low of $55.94/PH/day in November of last year. Hashprice is a dollar-denominated measure of...

Two weeks into the year, and crypto markets are rebounding. The Bitcoin and Ether price are each up some 20% on the seven-day chart. But a recent study of altcoins aims to give crypto investors pause before they go trading the rally. When the market makes a move like this, crypto traders often shuffle. They make trades to scoop profits, make hedges, or take long positions in the coin they think will gain the most next. This can result in an increase in volatility in crypto...

The rally from the past two weeks has pushed the cumulative market cap of all crypto assets to above $1 trillion for the first time since the FTX debacle. This comes amid the massive price surge from several altcoins, such as Solana, Polkadot, Polygon, Avalanche, and others. The start of 2023 has been quite spectacular for the cryptocurrency market following the painful 2022. The largest digital asset went from around $16,500 to over $21,000 in about two weeks. This 27%...

Illegal financial transactions involving cryptocurrencies in 2022 have reportedly surged for a second consecutive year, tapping an all-time high of $20.1 billion.  The previous record was in 2021, when digital assets facilitated criminal proceedings worth $18 billion. Going Up Amid the Bear Market Apart from the significant market decline, the numerous bankruptcies, and scandals, 2022 will be remembered as a flourishing year for illicit cryptocurrency transactions. According...

Glassnode released its first on-chain video report of 2023 on Tuesday, reviewing what could be data-based indicators of an emerging crypto bull market.  The firm noted that both Bitcoin and Ether’s price and on-chain activity have seen little volatility since the year began – a period like others that have historically preceded “explosive market moves.” Starting Off Slow As explained by Glassnode’s lead analyst James Check, Bitcoin has been stuck trading within a roughly $550...

In one of its most impressive rallies in about a year, bitcoin skyrocketed by double digits, charting a two-month high above $21,000. Most alternative coins have followed suit, resulting in over $650 million in liquidations on a 24-hour scale, the majority of which were from short positions. It’s safe to say that the start of the year has been quite favorable for the cryptocurrency market. Bitcoin, for one, stood around $16,500 on January 1. After a quiet first few days, it...

On November 13, the European Union Agency for Law Enforcement Cooperation (Europol) announced that it had successfully cracked down on a criminal network engaged in online scams through call centers. The network was spread all around Europe. According to Europol, the operation was carried out on January 11, 2023, following an investigation that began in June 2022 at the request of the German authorities. In conjunction with the national authorities of the other countries,...

One of the most successful NBA teams – Miami Heat – finally annulled its partnership with the cryptocurrency exchange FTX.  As a result, the home ground of the basketball giant will no longer be called FTX Arena. Cutting All Ties  A federal bankruptcy judge officially canceled the collaboration between Miami-Dade County (the territorial division where the NBA team is located) and FTX. The ruling determined that Miami Heat is allowed to remove the platform’s initials from its...

The internet has become quickly fascinated by ChatGPT – the language model chatbot that seems to effortlessly provide long-form answers to any question.  Crypto Twitter seems especially fascinated with the AI bot – from Casa founder Jameson Lopp to Twitter’s new chief and Dogecoin enthusiast, Elon Musk.  We decided to ask ChatGPT a number of questions related to Bitcoin and crypto adoption – including those that are still hotly debated by humans. Here’s what the infamous bot...