Tag Archives: AA News

The second version of the “Lightning Torch” (LN Trust Chain 2.0) was recently launched on its birthday, and the community keeps spreading it around the globe. Its primary purpose continues to be the same – to raise people’s awareness of the benefits of Bitcoin’s off-chain scaling solution – the Lightning Network.The New Lightning Torch: LN Trust Chain 2.0The “Lightning Torch” started as a fun initiative on January 19th, 2019, to bring more attention to Bitcoin’s off-chain scaling solution –...

After last week’s surge to nearly $9,200 and the following retracement, Bitcoin has been trading mostly in a range between $8,500 and $8,750. Yesterday, it noted a quick dip to $8,480 on Bitstamp and immediately surged back to over $8,700, which is where it currently stands.If Bitcoin’s bullish 2020 price movements are to continue, it has to break the first major resistance level of $8,730, which is also the 38.2% Fib level. If successful, $8,900 will follow, which is the Golden Fib of...

The Securities and Exchange Commission (SEC) of the US is tightening the noose around initial exchange offerings (ICOs). In yet another step against them, the Commission has brought charges against one more allegedly fraudulent ICO of unregistered digital asset securities.The SEC Is Getting Serious About ICOsThe SEC has pressed charges against defendants Sergii “Sergey” Grybniak and Opporty International, Inc. Per the complaint, the defendants Opporty and its sole owner, Grybniak, conducted a...

As of yesterday, January 20th, 2020, the Blockchain Economic Forum kicked off in Davos, Switzerland, with a keynote speech delivered by J. Christopher Giancarlo. Giancarlo spoke about the past, present, and future evolution of the blockchain, and made one particularly exciting remark about virtual currencies. The ex-chairman of the United States’ Commodity Futures Trading Commission believes that, had blockchain technology been introduced to the world before the global financial crisis of...

One of the most prominent traditional investors, Ray Dalio, recently said that Bitcoin (still) fails to serve the purpose of money. However, he also holds that people should look for alternatives of cash as governments can print out as much as they want, which ultimately depreciates its value.Bitcoin’s Volatility Holds It BackRaymond (Ray) Dalio is one of the most popular U.S. investors and hedge fund managers. He is also the founder and co-chairman of the successful investment firm...

As a response to a legal case filed by the Internet and Mobile Association of India (IAMAI), the Reserve Bank of India (RBI) has now clarified that Bitcoin is not banned in the country. The nation’s central bank says that it has only restricted regulated financial establishments from dealing with anyone using digital assets.RBI in 2020: Bitcoin Not BannedThe IAMAI, also consisting of cryptocurrency exchanges, filed a petition against an RBI directive from 2018. It was considered that the...

Some major central banks, including that of Britain, Japan, and Sweden, have reportedly come together on cooperation towards cryptocurrencies. The organizations will share their experience in a dedicated group.Major Banks Come Together To Work On CryptocurrenciesMajor central banks are stepping up on the matter of cryptocurrencies. According to a Reuters report, the banks of Britain, the Eurozone, Japan, Sweden, and Switzerland, will be entering a dedicated group to discuss potential cases...

Leading cryptocurrency exchange Binance has completed its Q4 2019 burn of the Binance coin (BNB). It was the 10th quarterly token burn the exchange has done since the launch of the BNB in July 2017. The event, which took place during the weekend, saw a total of 2.2 million BNB worth more than $38 million destroyed. Although the figure represents a mere 1.1% of the total supply of BNB, it is Binance’s second and third-biggest burn in terms of USD and BNB, respectively. What Is A Token...

The Australian Prudential Regulation Authority (APRA) has reportedly submitted a framework to oversee digital wallets holding large amounts of value. If approved, it would also include Facebook’s controversial stablecoin, Libra, and its digital wallet – Calibra.APRA To Oversee Calibra?Upon its announcement, Facebook’s Libra quickly attracted the attention of watchdogs. The social media mogul also created a blockchain-based digital wallet called Calibra, that would store and move the future...

UK’s Revenue and Customs agency is ready to invest up to $130,000 towards the development and implementation of a new “cryptoanalysis” tool. According to a recent report, the United Kingdom’s tax authority, HM Revenue and Customs (HMRC) is looking for, “vendors to showcase their capabilities by demonstrating their expertise in the field of crypto-asset tracing.”The new software tool will be used to help the tax authority trace several types of cryptocurrency transactions, which are stored...