Tag Archives: AA News

Bitcoin price had been lingering under the $11,900 mark for the past 48 hours, despite another injection of $6 billion entering the global crypto market at that period.In the last hour, however, a sudden surge in buying pressure finally arrived, which assisted in driving prices over the psychological $12,000 resistance for the first time in over a week. The bulls drove the price higher than $12,125, which was the 2020 high since the beginning of August.This key level has so far succeeded in...

The Singaporean multinational banking and financial services corporation DBS Bank has compiled a report on cryptocurrencies and the recent developments in the sector. The paper noted that central banks are both “troubled and intrigued” by the growing role of digital assets in today’s world, especially following the COVID-19 pandemic.DBS Bank: Cryptocurrencies Are GrowingHeadquartered in Marina Bay, DBS Bank is among the largest banks in the region. In its recent paper on cryptocurrencies, DBS...

The daily transaction count on the Ethereum network reached a two-year high with 1.27 million, which is the closest number displayed to the all-time high from January 4th, 2018, at 1.34 million.Simultaneously, the transaction fees have dropped significantly from the ATH marked just a few days ago.Ethereum Transaction Count At Near ATHWith the ongoing DeFi boom and over $6 billion total value locked, the Ethereum network, which is the underlying technology of most DeFi projects, has...

It’s no secret that as time goes, more and more professionals from the world of traditional finance are making headway into Bitcoin. Or at least, showing support for investing in the New Gold. The latest amongst the growing list of mainstream supporters is George Ball, ex-CEO of the insurance giant Prudential.The Former Hater Is Now Supporting BitcoinIn an interview with Fred Katayama of Reuters, Mr. Ball, who currently serves as the Chairman of the investment firm Sanders Morris Harris...

Although the prominent US investor Warren Buffett has never been a fan of gold in the past, he recently made a sizeable investment in Barrick Gold Corp while reducing his exposure to his favorite sector, banks.Similiar with gold, Buffett has been bashing “the new gold,” Bitcoin, and this raises the question of whether he may change his mind on the primary cryptocurrency at some point in the future.Buffett Sells Banks, Buys Gold InsteadThe soon-to-turn 90-year old chairman and CEO of Berkshire...

After some minor fluctuations from $11,750 to nearly $12,000, Bitcoin lowered its volatility level and trading around $11,900. Is BTC getting ready to conquer $12K? We will see.At the same time, most altcoins continue to be volatile again with some massive gains from EOS, Yearn Finance (YFI), and Kava and another all-time high from Chainlink.Chainlink (LINK) At ATH AgainThe altcoin market hasn’t been boring for a long time now, and the past 24 hours reaffirmed it. No words can describe...

As per the latest statistics, around $8 million was paid as fees to conduct transactions on the Ethereum network. That works out to be approximately 18,300 ETH. What is driving this humongous spike in gas fees? Research shows that it is due to the booming ‘yield farming’ craze.Gas Fees Tops $8 Million Led By Massive Transaction DemandAs per data from Glassnode, transaction fees paid on the Ethereum network topped $8 million recently (read August 13, 2020).This is a new all-time high level for...

With YAM Financial’s token value almost at zero, the team behind the project has proposed a two-phase migration plan that could see an audited version.Two-Step Migration Process for YAMIn a Medium blog post on Friday (August 14, 2020), the YAM Finance team announced plans for a planned migration to a new protocol called YAM 2.0. According to the team, the migration will be implemented if there is enough support from the community.The migration planned follows from a failure of the YAM...

Bitcoin went through a significant price surge in the past month, jumping from $9,000 to about $12,000. By heading into five-digit price territory, this 33% increase has many people speculating that the primary cryptocurrency may be too expensive, and the train has left the station.However, looking at Bitcoin’s pre-programmed deflationary mechanism and several macroeconomic factors, the asset’s price may actually be (still) cheap.Before we begin, let’s face some sizing facts. As of writing...

The leading cryptocurrency asset management company – Grayscale Investments – has recorded its most significant fundraising week in its 7-year history.Interestingly, the massive spike followed a nationwide advertising campaign the company ran in the U.S.Grayscale Commercial WorkedAs CryptoPotato reported a week ago, the digital asset manager planned to run a widespread advertising campaign in the United States to promote its Investment Trust and highlight the merits of investing in Bitcoin...