Tag Archives: AA News

In a statement released an hour ago, the Chairman of the US Federal Reserve, Jerome Powell, revealed a serious policy shift aimed at average inflation targeting.As a result, the prices for gold, silver, and Bitcoin pumped collectively immediately after the announcement. However, all three assets have also decreased in a similar manner minutes after that.US Federal Reserve Taps the Standard 2% Inflation TargetIn his latest statement, the Chairman of the Federal Reserve of the United States,...

Police have reportedly arrested a Russian man for an attempt to recruit an employee in Nevada to plant malware on a Company’s network. In return, he promised him up to $1 million in cash and Bitcoin.The Offstage Attacker Was Reportedly Part Of A Larger OrganisationAs per the published court documents, Egor Igorevich Kriuchkov has allegedly offered a Nevada company’s employee the sum of $1 million, portioned in cash and Bitcoin. The plot was simple – the employee had to install malware onto a...

Polkadot is growing in popularity, and this has been thoroughly reflected in its price. In a matter of days, the project managed to occupy the 6th spot of the top 10 largest cryptocurrencies, boasting a total market cap upwards of $1.05 billion.Now, a team of developers has announced that it’s building a trustless general-purpose bridge between Ethereum and Polkadot.Bridging Polkadot and EthereumSnowfork, an agency consisting of a collection of developers, product managers, and designers, has...

Seven US-based giant companies, namely Facebook Inc, Apple Inc, Amazon.com Inc, Microsoft Corp, Alphabet Inc, Tesla Inc, and Salesforce.com Inc, gained nearly $300 billion in total market cap during yesterday’s trading session on Wall Street.This only goes to show how small the digital asset field is compared to the giants, as their one-day combined gains represent almost the entire crypto market cap.$282B Gained In A Day By 7 US CompaniesGreen dominated most tech-oriented stocks on Wall...

Empire Market, the largest crypto darknet marketplace, has abruptly shut down. No communication was issued from the admins who seem to have siphoned away with user funds amounting to around $30 million in BTC. From the looks of it, this appears to be a pretty massive exit scam.Empire Market Exit Scams With 2638 BTC Worth $30 MillionAccording to the latest update from an anonymous journalist, “DarkDotFail” who tracks darknet activities, Empire Market, the largest cryptocurrency accepting...

The Libra Association, the entity behind Facebook’s future Libra cryptocurrency, has appointed its second general counsel in three months. Previously acting as the general counsel at the Homeland Security Department, Stevan Bunnell has replaced Robert Werner as the new Chief Legal Officer.Libra Appoints A New CLOAccording to the Bloomberg Law report, Robert Werner, hired by Libra to serve as its first-ever general counsel in May, confirmed the news that Bunnell has taken over his job. Werner...

Fidelity Investments, an asset management company with about $2.7 trillion of assets under management, will reportedly launch its first Bitcoin-only fund.The product is oriented toward family offices, registered investment advisers, as well as other institutions and will require a minimum investment of $100,000.Fidelity Puts Its Name to a Bitcoin FundFidelity Investments is the world’s 5th largest asset management company with $2.7 trillion worth of assets under management according to...

Even though Russia has had an unstable relationship with crypto, this has not stopped other industries from giving blockchain technologies a chance.The country’s largest state-owned bank has partnered with a major airline in a push to sell passenger tickets for tokens.Sberbank Partners with S7 AirlinesS7 – Russia’s largest airline after Aeroflot – recently announced a partnership with Sberbank to experiment with blockchain-powered monetary transactions for the purchase and sale of its flight...

Police in Seoul has forayed the offices of one of the biggest crypto exchanges in South Korea, Coinbit. Allegedly the firm has faked more than 99% of its trading volume.Coinbit Banks Over $85MAccording to a recent news report, authorities stormed the offices of the company early today. The suspicion is that Coinbit has manipulated users, faking a large portion of its trading volume. This has allegedly earned the exchange $85 million in illegal income during the process.The Seoul Metropolitan...

House democrats Josh Gottheimer and Emanuel Cleaver have reportedly asked the Trump administration to provide further details on the recent seizure of Bitcoin and other cryptocurrency assets from three terrorist organizations, namely al-Qaeda, Hamas, and ISIS.Further Information Asked For A BTC SeizureCryptoPotato recently reported that the US Department of Justice had seized over 300 virtual accounts containing an undisclosed amount of cryptocurrencies belonging to al-Qaeda, Hamas, and...