Tag Archives: AA News

Although bitcoin’s price may have tumbled by 40% since its peak, the asset’s popularity and engagements are actually booming. According to recent on-chain data, the number of tweets involving the primary cryptocurrency has spiked to a new all-time high amid and following the latest market crash. Bitcoin Twitter Engagements Through the Roof Jack Dorsey’s social media giant is arguably the most preferred platform for crypto fans, investors, and proponents to engage with each...

Governments wanting or being able to stop cryptocurrencies is “unrealistic at this point,” noted the former Chairman of the Smithsonian Institution – David Rubenstein. Furthermore, he outlined digital assets’ significant role in the financial industry and predicted that they are not going away. Governments Can’t Stop Crypto With the spectacular growth of the crypto market in the past year or so, numerous experts have broached concerns about a potential ban from world...

Prominent American economist Paul Krugman once again shared his negative stance towards cryptocurrencies. He compared a Ponzi scheme. Taking Aim at Crypto The most recent adverse price developments in the cryptocurrency market sparked many negative comments. Joining them was the Nobel Prize laureate – Paul Krugman. In an interview for the New York Times, he described cryptocurrencies as a ”long-running Ponzi scheme.” He said that investing in digital assets is very similar to...

It seems that Elon Musk is not the nice guy on the neighborhood aymore. Instead, people could be getting tired of his tweets —or maybe the losses after the flash crash following his claims that Bitcoin was dangerous for the environment were the last straw for many cryptocurrency enthusiasts who are no longer afraid to criticize him. Recently Elon became the trolled troll of Crypto Twitter. Just moments after he tried to mock Michael Saylor, the CEO of Tesla received so much...

Elliptic (a British blockchain security & analytics company) successfully traced DarkSide’s primary Bitcoin address, which contained over $90M in payments from 47 different victims. Ransomware As a Service – a Twisted Model DarkSide designs, creates and markets ransomware software to be sold to other cybercriminals who are able to locate the best targets. This type of software has the ability to lock down an entire system, making files and features on it inaccessible...

All transactions above $10,000 now have to be reported to the IRS for documentation and taxation purposes. This comes right after a major market-wide correction which saw the price of bitcoin tumbling down to $30K. IRS Doubles Down The IRS will be expanded with an $80B package aiming to increase their manpower and resources. Individuals and businesses dealing in cryptocurrency will be subject to a higher level of scrutiny, given that the Treasury believes cryptocurrency...

The Australian Financial Services Minister – Jane Hume – warned cryptocurrency investors to beware of the risks in the market. She sounded a note of caution to the public after the prices of most digital assets collapsed significantly yesterday. However, Hume outlined their future importance. ‘They Are Volatile And High-Risk Assets’ Following the recent bloodbath, many of the cryptocurrencies are now far away from their highs. For example, Bitcoin itself lost a major chunk of...

Bitcoin and the rest of the market tanked yesterday. Red was all over the place with double-digit drops across all charts. In BTC’s case, this nosedive came as a continuation of larger retracement that started after the all-time high in April at $65,000. However, how does this correction compare to others? Mid-2021 Correction: What Happened? Before heading into the most recent price developments, it’s worth exploring what transpired before the market got there. In short,...

Pancake Bunny, Binance Smart Chain’s largest yield aggregator service, has suffered a flash loan attack in which over $44M was stolen by an outside exploiter. Pancake Bunny’s underlying native token, BUNNY, crashed from $150 to $1 within seconds. Bunny Fam Today at 10:34 UTC, PancakeBunny was attacked with an economic exploit that crashed the price of BUNNY. None of the vaults have been compromised. Team Bunny is currently working on solutions and will provide a report as...

Bitcoin’s 2021 bull cycle was paused, not entirely stopped, and will resume, opined the founder of SkyBridge Capital – Anthony Scaramucci. In a new interview, the former White House Communications Director addressed the recent environmental issues and called Bitcoin a fully robust monetary network. Yesterday’s market crash that saw bitcoin sliding by more than $10,000 in minutes sent shockwaves among investors and commentators rushing to offer their opinion on the matter. The...