Tag Archives: AA News

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, believes Bitcoin is at its most discounted price on a 100-week and 200-week moving average. He also predicted that the crypto asset would trade 5x its current price in five to ten years. During a recent interview with Stansberry Research, McGlone opined that Bitcoin is getting pounded by the Federal Reserve and so is at its most discounted price.  Bitcoin Will Trade at $100k  The Bloomberg strategist is...

Crypto wallet provider BitKeep Wallet has become the latest victim of an endless wave of DeFi hacks this month. Blockchain security firm PeckShield first raised the alarm on Twitter late Monday, and BitKeep published an update on the incident in the early hours of Tuesday.  After alerting the public, the security firm asked users to follow some steps to ensure the safety of their funds. The steps included connecting their wallet to a revoke.cash site and revoking their...

Terra’s collapse is one of the most high-profile events in the crypto industry in recent times. With South Korean authorities and Interpol involved, the once crypto titan, Do Kwon, has opened up about the allegations against him. The Terraform Labs co-founder maintained that Terra was never really about money or fame, or success. However, Kwon thinks that he got “carried away” while interacting with other people on crypto Twitter. The Humbling of Do Kwon Kwon was branded as a...

Aptos, the so-called “Solana Killer,” has been the most heavily discussed topic in the past couple of days. The protocol had previously vouched for being able to handle up to 160,000 transactions per second (TPS), and its native cryptocurrency, APT, is about to hit major exchanges in hours. Now, traders are flocking to the market, but it’s the wrong one. The price of the native cryptocurrency of Apricot Finance (APT) has soared by a whopping 70% today in an otherwise...

Latest data also suggest that nearly 14,930 developer contributions were recorded on Polkadot’s GitHub for August, establishing a new monthly ATH by a wide margin. Polkadot surpassed the margin yet again but for the first time in September, concluding the month with 15,433 contributions, the highest recorded on any network, including Ethereum. New Records For Polkadot The launch of new parachains continued on a regular basis taking the number of active ones to 40 on the...

The Texas State Securities Board – the region’s securities regulators – is investigating FTX and its boss, Sam Bankman-Fried (SBF), over whether some of its crypto offerings violate state law.  As reported by Bloomberg on Monday, the regulator has taken specific issue with the company’s yield-bearing crypto accounts, which may constitute unregistered securities offerings.  As its source, Bloomberg cited an October 14th court filing in the bankruptcy of Voyager Digital – a...

The correlation between Bitcoin and stocks may be decoupling. And the original cryptocurrency might be working as advertised as an inflation hedge. With inflation soaring, BTC is tracking more like spot gold than US stocks. At the 30-day view Sunday, the bitcoin price was down 3.11% for the period at UTC 17:30. Stocks, on the other hand, were facing much steeper losses for the month. The S&P 500 Index was down 6.7% for the 30-day period. High-tech sector losses for the...

Bitcoin SV is getting bogged down after a majority hash power began mining blocks that don’t include any transactions.  In response to the event, the Bitcoin Association has contacted all relevant exchanges to freeze the block rewards associated with the attack.  Explaining the Empty Block Attack As told by Todd Price – Curriculum Specialist for the Bitcoin Association – most Bitcoin SV blocks currently don’t include any transactions. By contrast, the network’s mempool –...

The multinational financial services company Mastercard is all set to launch a program to help financial institutions offer cryptocurrency trading to their clients. The company plans to serve as a “bridge” between the crypto trading platform Paxos and banks to oversee regulatory compliance and security – two major areas that the banks have cited as reasons to avoid the asset class. Focus on Regulatory Compliance Mastercard’s chief digital officer, Jorn Lambert, told CNBC:...

Changpeng Zhao (CZ) – CEO of Binance – called out a Reuters journalist on Monday over a handful of “accusations” they’ve made against the exchange over the past several months.  The executive said the reporter has written several articles about Binance based on anonymous sources, and that they recently crossed into “indefensible territory” with their line of questioning.  Binance and Binance U.S. The most recent article that Binance took issue with, titled “How Binance CEO...