Tag Archives: AA News

The hashrate on Bitcoin’s network surged to yet another all-time high, this time above 155 million TH/s. Simultaneously, the blockchain went through another adjustment that increased the difficulty levels to a record of their own.Bitcoin Hash Rate To Fresh HighsThe hash rate is a measuring unit of the processing power of the BTC network. The more miners put their computational devices to work, the higher the hash rate goes, which makes the system more secure and robust.Since over 60% of...

Many of today’s leading DeFi projects are popular because of their governance tokens – something that hasn’t really been the case back in the ICO boom of 2017.Now, the yield farming hype has created many new governance tokens to control a project’s properties. Yet, these tokens have been abused in various ways, acting as a monetary incentive instead of a true representation of voting power.In theory, a governance token gives the token holder voting power to influence the DeFi project’s...

It’s been quite an interesting couple of weeks in the cryptocurrency market. Somewhat surprisingly (or not), the meme coin DOGE has seen more retail interest than Bitcoin in the US, propelled by a series of events ranging from Elon Musk tweeting about it regularly and the craze surrounding Wall Street Bets.Dogecoin Searches Top Bitcoin’s in the USDogecoin, believe it or not, is currently the 12th largest cryptocurrency in the world by means of total market capitalization. Sitting on a...

Bitcoin’s endurance above the $30,000 level despite a few brief dips beneath it will help the asset to resume its bull run and head towards $50,000 soon, asserted Bloomberg strategists. In their February report on the cryptocurrencies’ performance, the analysts also highlighted the substantial inflows towards BTC, while gold ETFs have stalled in attracting fresh funds.Bitcoin Vs. Gold: Inflows And OutflowsThe notion that the primary cryptocurrency has been gradually claiming shares of gold’s...

More institutional investors are betting big on bitcoin as the digital currency rallied. From gaining acceptance by corporations as a primary reserve asset, the cryptocurrency is now making its way to the portfolio of some of the world’s largest hedge funds.Last month, Bridgewater Associates founder and Ray Dalio called bitcoin an “amazing accomplishment” and hinted at the possibility of his hedge fund adopting bitcoin as a hedge against currency devaluation. For Bill Miller, however,...

Michael Saylor’s crusade to bring the Bitcoin gospel to as many entrepreneurs around the world as possible seems to be paying off, with thousands of people willing to listen to his message at various virtual conferences.And it seems his latest call was particularly successful. In a tweet dated February 6, the famous businessman revealed that more than 22,000 people registered for his “MicroStrategy World 2021” event. During this event, he discussed several topics related to Bitcoin, from...

Months after Russian survey participants placed bitcoin above gold in terms of attractive investment assets, so have done investors from the United States. BitFlyer’s recent research on the people’s perception of the crypto industry also showed that Japan-based investors have a significantly more negative opinion when compared to US citizens.Americans Prefer BTC Instead Of Gold and ETFsFounded in 2014, bitFlyer is among the largest Japan-based cryptocurrency exchanges. The privately-owned...

Cryptocurrency platform OKEx announced another crypto-promoting project –the Bitcoin Lightning Network. It will focus on downsizing transaction fees and reducing time for their execution.OKEx is Aiming at Low Transaction Costs and PromptitudeOKEx, the leading cryptocurrency platform and derivatives exchange is to integrate the Bitcoin Lightning Network in the next quarter. The project represents a second-layer scaling solution based on the Bitcoin blockchain technology.According to an...

In an unfortunate turn of events for supporters of the DeFi Money Market Foundation, the DMM token plummeted in value as the team behind it revealed they cease all operations due to regulatory concerns.DMM Ceases OperationsThe DeFi Money Market used to be a loans platform and it received some serious attention within the cryptocurrency community. One of the reasons – it was a hot DeFi project backed by some serious names, including Draper Goren Holm – a partnership between Tim Draper, Alon...

San Francisco-based crypto payments platform Metal Pay has applied for a national bank charter with the U.S. national bank regulator, which would enable the company to offer seamless cryptocurrency-related services.Metal Pay Eyes Full National Bank LicenseIn a tweet thread published on Thursday (Feb. 4, 2021), Metal Pay’s First Blockchain Bank and Trust (FBB&T) revealed that it intends to become a full national crypto bank following its application with the Office of the Comptroller for...