Tag Archives: AA News

Despite losing $6,000 in hours and $17,000 in several days, on-chain data suggests that the demand for bitcoin is still solid. The number of coins stored on exchanges and miners refusing to sell indicates that the cryptocurrency could resume its bull run shortly.  The Good News Following the Crash  It was roughly ten days ago when bitcoin was riding high and painted a new all-time at $65,000. This came amid the long-anticipated Coinbase public listing on Nasdaq. Ever since...

Americans’ interest in the cryptocurrency industry has grown significantly in the past year, found a survey by the Winklevoss-run crypto exchange, Gemini. Interestingly, BTC has remained the most popular digital asset, but the results show that US citizens have larger on-average positions in ether, BCH, and LTC. US Appetite for Crypto Rises The past twelve months were somewhat transformative for the crypto ecosystem, with the COVID-19 pandemic serving as the catalyst. This...

The Securities and Exchange Commission (SEC) has accused Ripple of “harassment” after its executives were granted access to internal documents from the regulatory body. The documents allegedly contain information about three currencies —BTC, ETH, and XRP, where the SEC classifies the three of them as “digital currencies.” Now the SEC wants to limit access to these documents, claiming they are “irrelevant” to the case. The SEC Asks the Judge To Block Ripple’s Access On April...

Shortly after launching an investigation against Turkey’s notorious crypto exchange, Thodex, the local police have apprehended 62 people in connection to the company. At the same time, reports claimed that the founder and CEO of the exchange has vowed to refund users and return to Turkey to face justice. 62 People Arrested in Turkey CryptoPotato reported yesterday the developments coming from Turkey in which the third-largest crypto exchange had closed its doors earlier in...

The latest adverse price developments in the cryptocurrency markets have normalized the Korean bitcoin premium known as the Kimchi premium. With the enhanced volatility, though, experts warn traders to be highly vigilant as the market is still over-leveraged. Kimchi Premium Cools Down The Kimchi premium represents the difference in bitcoin’s price on global exchanges and such operating in South Korea. CryptoPotato reported in early April that the metric, named after a...

The number of US-based financial institutions looking into launching cryptocurrency services continues to grow, and the latest to join the ranks is Charles Schwab. Nevertheless, giant founded in 1971 expects clearer regulations on digital assets before opening such products to the 32 million brokerage accounts employing its services. Charles Schwab to Get in Crypto? Headquartered in Texas, Charles Schwab is an American multinational financial services firm with over $3...

In an announcement on April 23, Coinbase Pro stated that it had enabled trading for the Tether stablecoin. The move is huge news as previously the leading exchange would only support its own native stablecoin, USDC. The announcement added that support for USDT will generally be available in Coinbase’s supported jurisdictions, with the exception of New York State. The only version of USDT available will be the Ethereum ERC-20 standard. Trading will begin on or after 6 PM...

Today was a difficult day for the markets in general, with most assets and investments registering red numbers amid a general panic episode. The primary reason seems to be the rumor that U.S. President Joe Biden —who seems interested in thigtening the crypto regulations in the US— may be ready to submit a proposal to the Congress to increase the capital gains taxes. Rumor has it that the rate would nearly double what investors currently have to pay. The story – which first...

IOHK CEO Charles Hoskinson has replied to critics calling Cardano a scam that has not been able to develop any smart contracts since its launch. Baseless Allegations Drive Investors Away  Responding to comments made by Bankless podcast co-owner David Hoffman, Hoskinson noted that over the years, podcasters had used their platform to level baseless allegations on Cardano, calling it a “scam.”  “It is one thing to say you’re skeptical [about Cardano]. It’s another to call [its...

Nearly 400,000 users of a Turkish cryptocurrency exchange were left out of their accounts without being able to withdraw their funds. The platform’s website has been down for several days, while reports suggest its CEO has already fled the country with up to $2 billion. Turkish Exchange Does a Rug Pull? Bloomberg reported yesterday that Thodex, a Turkey-based crypto exchange, has ceased trading, citing an “unspecified partnership transaction.” The founded in 2017 trading...