Tag Archives: AA News

On Sunday, Feb. 14, Bitcoin prices hit an all-time high of $49,850 according to Tradingview, however, on some exchanges it may have reached $50k.Since then, it has begun a sharp correction dropping prices by 7% in a retread to just over $46k during early trading in Asia on Monday. At the time of press, Bitcoin was changing hands for $47,100 and looking in danger of falling further if current support levels fail.BTC/USD Binance – Tradingview.comThe next level of support below the current one...

The giant US multinational investment bank JPMorgan Chase & Co could be among the next entities to get involved with bitcoin. The bank’s co-president Daniel Pinto recently said that while the demand for the first-ever cryptocurrency isn’t fully there yet, it will be at some point, and the institution has to be prepared.JPM To Be Next On The BTC Bandwagon?Last year was indeed pivotal for the primary cryptocurrency as the COVID-19 pandemic highlighted its benefits to the traditional...

A bitcoin investment worth $1,200 following the first stimulus checks sent by the US government in April 2020 would have skyrocketed by more than 600% until today to over $8,500.Although this is a spectacular growth for less than a year, the same investment put in Ether would have presented an even better ROI of over 1,000%.Option 1) Stimulus Put In BTCThe US government initiated a drastic measure last year to sent stimulus packages to its citizens following the COVID-19 pandemic, which...

American singer, songwriter, and entrepreneur, Lindsay Lohan is the latest celebrity to openly endorse cryptocurrencies. Just three days ago, she announced the sale of her NFT, Bitcoin ‘Lightning,’ and now, it seems she is getting fascinated by the DeFi world.There appears to be a widespread bitcoin frenzy in the music scene. While Hip Hop star Jay Z is teaming up with Twitter CEO Jack Dorsey to donate bitcoin for developers in Africa, Lindsay Lohan is exploring the world of DeFi.She took to...

Morgan Stanley might become the next major institution to jump on the Bitcoin bandwagon.According to a recent report by Bloomberg, a unit of Morgan Stanley Investment Management called Counterpoint Global is exploring whether or not BTC would be a suitable option for its current investors.Sourcing people familiar with the matter, the report says that moving ahead with an investment of the kind would require approval by regulators and by the company itself.It’s also worth noting that the...

While the $1.5 billion bitcoin purchase from Tesla caught most crypto insiders and outsiders by surprise, Binance CEO Changpeng Zhao actually predicted the move over a month ago. Simultaneously, full-time BTC basher Peter Schiff was wrong (again) as he said that Elon Musk would not be “dumb enough” for such a move.CZ Was Wright About Tesla’s BTC PurchaseArguably the biggest news in the crypto industry this week came from the Palo Alto, California-headquartered electric vehicle and clean...

CREAM Finance, one of the more popular projects in the field of Decentralized Finance (DeFi), has been exploited. The price for its CREAM token has dropped by 30% in less than a few minutes after the news broke out.The official Twitter account of CREAM Finance revealed earlier today that the protocol has been exploited.We are aware of a potential exploit and are looking into this. Thank you for your support as we investigate.We are aware of a potential exploit and are looking into this. Thank...

Investors want to get their hands on Bitcoin, and the big banks are already considering supporting the cryptocurrency so as not to be left behind.After a remarkable price recovery, Bitcoin seems to have stood the test of time, proving to naysayers that it is a reliable asset and an excellent store of value in the long term.Investors are taking note, and it seems that the constant pressures exerted by these groups on the banking sector are indeed yielding good results.JP Morgan:”We Will Have...

PayPal will probably avert from investing its cash into Bitcoin. Despite the recently expanding interest from institutions in digital assets, the US payment giant will not get into the crypto whirlpool, said the firm’s Chief Financial Officer.Admitting Cryptocurrency’s Values but Still Won’t InvestAlthough it sees enormous opportunity in the development of digital wallets, PayPal will most likely not allocate portions of its cash into Bitcoin or other cryptocurrencies. According to a recent...

Bitcoin’s price could spike to a six-digit price territory as early as April or September this year, said the creator of the popular stock-to-flow model, PlanB. Additionally, the asset could surge to $288,000 by the year’s end if it follows the 2013 bull cycle.Bitcoin To $100K In Two To Seven Months?The primary cryptocurrency has been on a tear in the past several months after exploding by about 5x since early October 2020. In the first month and a half in the new year alone, the asset has...