Tag Archives: AA News

Deutsche Bank is out with it’s latest cryptocurrency report. The global banking giant has discussed central bank digital currencies (CBDCs) in great detail, and their effect on central banks, individuals, and governments.In the discussion pertaining to individuals, DB says that CBDCs could encounter political resistance and encourage social unrest.Central Bank Cryptos Could Make A World Of DifferenceIn it’s latest CIO Special report, German banking heavyweight Deutsche Bank observed that...

In late August this year, Binance launched its DeFi Composite Index. Trading under the DEFIUSDT symbol, it’s currently down over 50% in a little over a month.Unfortunately, there is even worse news for the young index.DeFi Composite Index Down Over 50%At this point, it’s quite clear that DeFi is where all the rage is in 2020. The field has seen exponential growth over the past few months, as the total value locked in protocols has increased from about $500 million in March to almost $11...

Trump may not like crypto, but the crypto-verse sure doesn’t miss a chance to mess with him. As proof that anything can be tokenized – no matter how trivial or influential – a derivative has just appeared on Uniswap to track the President’s health: Please welcome the Trump Health Index (THI).Little is known about this “project” beyond its name and evolution (and, of course, its smart contract). For purists, it should be an index that goes up when the market has a positive perception of the...

Grammy award-winning music creator André Anjos is the latest artist to tap into the cryptocurrency space. Better known by his stage name RAC, Anjos has launched a new Ethereum based community token for artists.The token is also named RAC. With it, the music producer intends to free artists and content creators from the clutches of large-scale corporations that stifle their financial freedom.RAC Gives Back To The Community With Ethereum Based $RACIn the RAC token issuing platform Zora’s latest...

Ethereum fees are recovering from the devastation caused by the DeFi. After reaching record highs during September 2020, the network seems to have achieved a calm moment during October’s first days.Currently, the average transaction fee is slightly above $2, according to Bitinfocharts. This milestone represents a drop of more than 80% from the peak reached on September 2, 2020.Average Ethereum Transaction Fee. Source: BitinfochartsAfter spiking to record levels, the network returned to...

Bitcoin has stayed in a relatively tight range between $10,500 and $10,600.Most large-cap altcoins performed similarly, except for Binance Coin. After a 9% increase for the week, BNB now occupies the 5th spot in terms of total market cap.Bitcoin Remains In A Tight RangeFollowing the recent price declines from Friday and early Saturday, Bitcoin calmed down. Since yesterday, BTC dipped to a low of around $10,500 and jumped towards the intraday high of $10,600.In the past 24 hours, BTC has...

Despite numerous reports indicating that Bitcoin HODLers are on the rise, a recent survey revealed the opposite. About 70% of participants that own digital assets answered that they had used them to make purchases such as food, clothing, and even education.Crypto Users Actually Spend Their HoldingsBlockCard partnered with Bitcoin Market Journal to survey over 35,000 cryptocurrency investors if they use their coins for payments. Some of the questions included if they had spent any digital...

After losing more than $250 million worth of cryptocurrencies in a security incident on September 26, KuCoin may have found new evidence to identify those responsible for the hack.It’s been exactly one week since Singapore-based cryptocurrency exchange KuCoin suffered what would be the third-largest hack in the history of crypto.And now, the exchange claims that after a thorough investigation, it has found the suspects of the siphoned $280 million with “substantial proof at hand.”KuCoin CEO...

According to a recent poll by the creator of the popular Bitcoin stock-to-flow model, the majority of participants believe that BTC’s price will either hit $55,000 or stay below it by the end of 2021.Backstory: Bitcoin Stock-To-Flow Model(s)A cryptocurrency analyst going by the Twitter handle PlanB revealed the first version of the BTC stock-to-flow model a few years back. He described the stock as the size of existing reserves (or stockpiles) and the flow – the annual supply of bitcoins on...

A recent study compiled with government authorities and regulators concluded that they still view the cryptocurrency industry as a significant risk source. Those establishments raised concerns regarding the field’s self-regulation and the number of illegal activities funded by digital assets.Unsurprising: Regulators Worried About Crypto RegulationsThe UK’s oldest defense and security think tank, the Royal United Service Institute (RUSI), published the study dubbed Cryptocurrency Risk &...