Tag Archives: AA News

The cryptocurrency market continues to baffle. More specifically – everything that Elon Musk tweets about, regardless of whether it actually has any relation to cryptocurrencies – seems to have an impact. The case in point is a cryptocurrency called Starbase Token, carrying the STAR ticker. According to the project’s official website, it represents a “blockchain token-based crowdfunding/sourcing platform.” In essence, it’s a place where startups can raise funds by issuing...

Michael Saylor’s NASDAQ-listed company continues with its initiative to purchase sizeable amounts of bitcoins at frequent intervals. The firm said earlier today it had allocated another $10 million in cash in BTC, and its total stash is over 92,000 coins. The founder and CEO of the business intelligence giant announced the latest purchase on Twitter earlier on May 12th. It reads that the firm has bought 229 bitcoins for $10 million in cash at an average price of $43,663 per...

The cryptocurrency community has shown the highest optimism levels towards bitcoin in the past few days after the asset lost over $16,000 of value. At the same time, the popular fear and greed index has gone into an “extreme fear” territory. Crypto Investors Optimistic on Bitcoin? Ever since the primary cryptocurrency reached its latest all-time high in mid-April of $65,000, it has failed to sustain its 2020/2021 bull run. Just the opposite, the asset started to gradually...

Coinbase’s IPO was great news for cryptocurrency enthusiasts. Still, since that time, the company’s share price has done nothing but slide. In the midst of that collapse, the leading U.S. cryptocurrency exchange is looking for an even more significant cash infusion. As per a P.R. published a few hours ago, the U.S. company revealed its intention to offer $1.25 Billion of Convertible Senior Notes Due 2026. Coinbase Wants To Speed Up Its Growth The offering would be private and...

9 out of 10 of all Bitcoin (BTC) mining pools have been signaling for taproot activation, an upgrade that could highly improve network scalability and privacy. However, its activation seems unlikely during the Difficulty Epoch for Bitcoin. The latest mining pool to signal Taproot activation is BTC. Top, which did so on block height 683,945. Other top mining pools like F2pool and Antpool have previously shown support for the soft fork upgrade, which would give more flexibility...

A new rule under the hat of the COVID-19 relief bill will see 39 million US households receive up to $3,600 monthly starting from mid-July. Given the history between BTC’s price appreciation since the first-ever stimulus bill, the narrative rises now if this latest endeavor will push bitcoin higher again. 39M American Families to Receive up to $3.6K Per Month The COVID-19 pandemic pushed the US government (and many others) to undertake extreme measures to help alleviate the...

In the span of a month, bitcoin went from $65,000 to $42,000, which officially became the largest correction since the bull cycle began in October 2020. So far, it has taken the asset between four and five weeks to recover all losses and head towards a new high during previous similar developments. As such, the question remains if history will repeat itself once more. Worst 2020/2021 Bull Run Correction Although it seems like a lifetime ago, it was just last October when the...

Bitcoin investors have started to deposit substantial amounts of their portions into exchanges, on-chain data shows. Consequently, a popular analyst expects the asset’s price to stay at current levels or, most probably, to keep dumping in the following days. Bitcoin Whales’s Deposits to Exchanges Skyrocket Bitcoin’s price was on a wild rollercoaster ride in the past week or so with Elon Musk receiving most of the blame. After he and Tesla announced that customers can no...

Chinese officials warned the public about the risks associated with trading with digital assets. The authorities pointed out three major considerations which might harm investors – false transactions, security breaches, and illegal and criminal activities involving cryptocurrencies. Tighter Regulations on Crypto Trading According to the China Financial Stability Report, investors should be extra vigilant when operating with bitcoin and other crypto assets. Officials from...

Vitalik Buterin, who was gifted half of Shiba Inu’s total supply, has burned 90% of his holdings worth nearly $7 billion. The Ethereum co-founder further said he would allocate the remaining 10% to charitable organizations while also praising the “dog token community” for its generosity. Buterin Burns $6.7B in Shiba Inu The Dogecoin rise to the top led to the creation of numerous copycats that garnered significant attention in the past several weeks. Perhaps none became more...