Tag Archives: AA News

Nearly 70% of current bitcoin holders are prepared to endure a massive price crash that drives the asset to below $3,000, showed a recent poll conducted by VanEck’s Director of Digital Assets Strategy – Gabor Gurbacs. HODLers Mentality Confirmed? It’s safe to say that the price of bitcoin has suffered severely in the past three months or so. It was in late Q1 and early Q2 this year when the cryptocurrency was flying high, registering new records almost daily. It all...

Stablecoin giant and crypto’s money-printing machine Tether has not issued a single USDT on the Ethereum network in the last 50 days as other stable assets gain ground in the market.  USDT Issuance on Ethereum Dries Up According to recent data, the last time USDT was minted on Ethereum was on May 31st, making it the longest time in history that the asset has not been issued on the network. The total value of minted ERC20 USDT now stands at $28.9 billion. Tether (USDT) Minted....

Elon Musk has seemingly not completely forgotten about Dogecoin, as some may have feared. DOGE spiked more than 10% after the billionaire updated his Twitter picture to show that he still supports the cryptocurrency.  Musk’s New Twitter Picture Boosts DOGE Price Musk’s new profile picture is a head shot of him with DOGE reflections on his sunglasses, similar to that of Bitcoin’s Laser eyes meme which trended across Crypto Twitter in February.  This single action from the...

Bitcoin’s network went through another negative mining adjustment in the past 24 hours, with a decrease of nearly 5%. With this one, the world’s largest blockchain has registered its worst streak of four consecutive difficulty declines for the first time in roughly ten years. Four in a Row for Bitcoin The BTC blockchain has the ability to readjust itself depending on the number of miners currently putting their computational devices to work. Essentially, the network either...

Mike Tyson, one of the greatest boxers in history, has asked his millions of followers on Twitter if they prefer bitcoin or ether. This comes shortly after the popular rapper Busta Rhymes asked around for trustworthy sources for education about digital assets. Iron Mike: Bitcoin or Ethereum? The 55-year-old, considered by many as the greatest boxer of all time, took it to Twitter to see if his 5.6 million followers prefer BTC or ETH on Saturday. The thousands of answers vary...

With bitcoin’s price losing more than $3,000 in days and reaching a multi-week low, the crowd sentiment remains mostly negative, shows recent data. However, similar developments have turned out to be signals for local bottoms in the past, and the question remains if history is to repeat itself. The Sentiment is Low, But Could That Be Good? Bitcoin tried to break above $37,000 at the end of June, but it was quickly rejected and headed south in the following days. Despite the...

The professional football player Saquon Barkley said he would use the payment application Strike to convert all his profits from endorsements and marketing deals into bitcoin. New York Giants’ star stressed that this is the only way to preserve his wealth in times of growing inflation. Converting to BTC is “The Smart Thing to Do” During a recent appearance at Anthony Pompliano’s episode of the “The Best Business Show,” Saquon Barkley – said he would receive all his future...

The crypto-friendly digital banking app – Revolut – announced it had raised $800 million in a new funding round led by SoftBank’s Vision Fund and Tiger Global Management. The fundraising turned the company into one of the largest fintech unicorns in Europe, as it is now valued at $33 billion. Revolut Becoming a Super-Unicorn According to a Reuters report, Revolut has secured $800 million in a new funding round. The Japanese financial giant SoftBank and the American investment...

After another week of consolidation for bitcoin, with a drawdown to $31k, investors look to the weekend for a sigh of relief as the GBTC shares unlock continues. On-chain analysts detected an unusually large inflow of 41,000 BTC over a few transactions into Coinbase Pro Exchange, in just one hour.  The immediate reaction from Crypto Twitter was fear and calls for BTC “to $20k or $10k BTC.” This looks like a bearish signal, but we have to recognize the fact that crypto...

The non-profit organization – American Cancer Society – plans to hire a product supervisor to oversee its potential cryptocurrency and NFT roadmap. The best candidate needs to have experience in fintech, knowledge of payments processing, and a passion for digital assets. The ACS Wants to Be The Leading Digital NPO The health organization dedicated to fighting cancer seems highly interested in getting involved with cryptocurrencies. According to a job posting, the American...