Tag Archives: AA News

Bitcoin took yet another swing at $12,000 but to no avail so far, while Ethereum continues climbing to $440.Macrodata reaffirms the ongoing bull trend as almost all top 100 digital assets have been in the green in the past three months.Bitcoin Not Yet Conquering $12kAbout three days ago, the primary cryptocurrency was in a bit of a jam as it dipped to $11,100. It began losing its dominance over the market, but the bulls have since regained possession and drove Bitcoin upwards.Their attempt...

One of the significantly technologically developed cities in South Korea is aiming to expand its payments programs through digital gift certificates based on blockchain technology. One of the goals is to educate the elderly on contactless payments.Giving The Elderly A More Simplified Payment ProcessAccording to a recent news report, the new establishment of South Korean Seongnam city would be accessible through a mobile app. The main idea is reaching out to its elderly residents and getting...

The UK Metropolitan Police Service (MPS) has arrested a 35-year old woman and seized over $150,000 worth of Bitcoin as part of an investigation into fraudulent applications for government-backed loans for businesses affected by the COVID-19 pandemic.MPS Seized $150K Worth Of BTCThe MPS (or Met) announced that the Proactive Money Laundering Team had investigated a 35-year old woman for illegally acquiring substantial amounts of government-backed funds and using them to purchase Bitcoin.Upon...

This week was easily one of the most eventful ones in the cryptocurrency field in terms of overall developments, especially in the DeFi sector.Starting with Bitcoin, however, not much changed since last week. BTC price started trading at around $11,800 seven days ago, and it’s currently at roughly the same level. However, this doesn’t mean that there was no volatility.On Monday, BTC briefly broke for the second time above $12,100, causing serious enthusiasm in the community. Over the next few...

StormX, the blockchain-based rewards platform that helps users earn crypto, has scored a significant coup by onboarding retailing giant Walmart.Having already sealed deals with the likes of Microsoft, Nike, Adidas, eBay, Target, Dell, and Samsung, StormX is taking things up a notch by enabling 4% ‘Cryptoback’ on all Walmart purchases. In fact, shoppers can earn as much as 14% if they reach Super-user tier on the app.Consumer Thirst for CryptobackBased in Seattle, U.S., StormX launched its...

Although gold and Bitcoin are considered similar asset classes because of their maximum supply, that of the precious metal may increase substantially in the following years if Elon Musk’s SpaceX decides to mine gold and other metals from asteroids.While explaining the merits of Bitcoin to the popular Wall Street trader Dave Portnoy, the Winklevoss twins said that this can’t happen with BTC as it’s the only “fixed asset in the galaxy.”SpaceX To Mine Gold From Asteroids?According to this...

The United States has finally joined the bandwagon of countries testing a central bank digital currency (CBDC), Thursday reports revealed.Governor Lael Brainard said during a virtual technology event yesterday that the US Federal Reserve, in collaboration with research teams from Boston Fed and Massachusetts Institute of Technology (MIT), is conducting experiments with a hypothetical digital currency.According to Brainard, both institutions have been researching blockchain technology for...

One of the more popular protocols in the DeFi space, Curve Finance, saw its CRV token deployed by an anonymous developer who appears to have front-run their efforts.The team has confirmed the legitimacy of the deployment and its further adoption. Shortly after, some of the major exchanges, Binance and Poloniex, announced their support for trading the token.Curve Finance (CRV) Token DeploymentThings happen fast in the cryptocurrency industry and even quicker in the booming DeFi space. Earlier...

Bitcoin derivatives exchange surprised its users today by asking them to comply with a mandatory ID verification procedure.The 6-month long process will continue until February 12th, 2021. BitMEX will start this ‘User Verification Programme’ on August 28 at 00:00 UTC.BitMEX Asks Users To ‘KYC’In a blog post published today, the prominent bitcoin and cryptocurrency futures trading platform announced a 6-month long mandatory KYC process. According to BitMEX, this will help the exchange...

Bitcoin’s dominance over the market continues to suffer even though BTC has recovered from its dips and trades at $11,750.This is primarily because of numerous impressive alt pumps, including Ethereum, which finally broke above $400 after its significant price surge.Ethereum Over $400, LINK (Another) ATH, Alts RejoiceThe second-largest cryptocurrency by market cap is among the most impressive gainers from the past 24 hours. Ethereum dipped below $380 yesterday, but bulls took control and...