Tag Archives: AA News

Bitcoin suffered a 3% price drop on Wednesday, coinciding with the largest flow of BTC from miners to exchanges in over a year.BTC Flows From Miners to ExchangesThat’s according to data from blockchain analysts at Glassnode, which showed a huge transfer of 2,650 BTC going from Bitcoin miners to the Bitfinex exchange on Tuesday. Seen below, that equates to the largest transfer of BTC from miners to exchanges since March 26, 2019.The last time such a large volume of BTC moved from miners to...

Crypto-friendly payments company Square recently started withholding a significant portion of its clients’ money as businesses continue to struggle to stay afloat in the ongoing pandemic, mainstream media reported.The firm, led by Bitcoin enthusiast and Twitter founder Jack Dorsey, said in its announcement on Tuesday that the move is an effort to protect them against “risky” transactions and customers who demanded refunds after payment.“We apply reserves on more ‘risky’ sellers, such as those...

Reports started circling lately, that PayPal, one of the world’s largest online payment processors, will allow users to buy and sell cryptocurrencies, including Bitcoin.Regardless of whether that’s going to come to fruition, PayPal has spent the last decade marketing Bitcoin in a fairly decisive manner.PayPal and BitcoinEarlier this week, crypto-oriented media CoinDesk broke the news that fintech giant PayPal intends to roll out direct sales of cryptocurrency to its userbase of more than 325...

In a recent podcast with Anthony “Pomp” Pompliano, the American entrepreneur and angel investor Jason Calacanis said that Bitcoin has been performing quite stable and promising lately. As such, he was even contemplating purchasing portions of the primary cryptocurrency.Calacanis: BTC’s Volatility Is Well In BalanceAs a former blogger, Calacanis founded Weblogs Inc in 2003 – a startup supported by an angel investment from billionaire Mark Cuban. After selling the project to AOL, Calacanis...

The operator of the South Korean cryptocurrency exchange Bithumb plans to take the company public via an initial public offering (IPO), local reports indicate. To be successful, however, Bithumb has to overcome certain challenges, including taxation issues and investment protection.Bithumb Considers Another IPOAccording to the report from today, Bithumb Korea has selected the capital market company Samsung Securities as a listed host and has started the development work necessary for an IPO....

Decentralized finance (DeFi) project Balancer Labs officially announced the launch of its native governance token BAL on the Ethereum mainnet, with the price of BAL tokens increasing significantly following the launch. Balancer Follows Compound’s LeadThe news of the BAL governance token launch was made by CEO and Co-founder of Balancer Labs, Fernando Martinelli, via a Medium blog post on Tuesday (June 23, 2020). According to the announcement, the team is employing an “on-chain governance...

Initial coin offerings (ICOs) indicted by the U.S. Securities and Exchange Commission (SEC) may see a significant reduction in fines owed following a recent Supreme Court ruling.Apex Court Caps SEC Disgorgement AbilityAccording to Bloomberg, the U.S. Supreme Court issued a ruling on Monday (June 22, 2020), placing a cap on the disgorgement sought by the SEC in fraud cases. As part of the court’s decision which came by way of an 8-to-1 majority, the Commission can no longer seek disgorgement...

Max Keiser of RT news told viewers of the latest episode of the Keiser Report that the only way for black America to gain individual sovereignty is through saving money in Bitcoin.Max Keiser: Black America and BitcoinKeiser referenced the 2019 non-fiction book by Isaiah Jackson, titled Bitcoin and Black America, which claims to explore the synergy between black economics, Bitcoin and blockchain technology. Keiser summarized one of the book’s core messages, stating:“Black America will never be...

Police of New Zealand froze NZD140 Million ($90 Million) worth of assets, property of Alexander Vinnik, owner of Canton Business Corporation, who was also allegedly operated the BTC-e cryptocurrency exchange. The case is part of other investigations of money laundering and cybercrimes.The Largest Restrain Of Funds In New Zealand’s’s Crime HistoryIn a recent report by the police, investigators claim that the operation was among the biggest in the country and that this is the largest restrain...

An average of $15 million worth of ETH has been locked into Ethereum’s DeFi protocols each day for the past week. That equates to more than four times the amount of Ethereum, which is produced every day as a result of mining.Ethereum’s DeFi Protocols See Huge InfluxAccording to data from DeFiPulse.com, over $500 million entered various DeFi protocols in the past seven days, averaging just over $78 million per day. Lock-ins of ETH specifically numbered 461,000 in that time, equating to an...