Tag Archives: AA News

The slightly negative attention from institutions towards Facebook’s Libra continues with the German Central Bank’s President Jens Weidmann, saying that they have to slow it down with further regulations. He also notes that banks must improve their payment systems and the E.U. should be more considerate regarding launching e-euro.Weidmann On Digital EuroEver since Facebook announced its plans to create a stablecoin, dubbed Libra, the world has turned its attention towards this sort of digital...

A U.S. citizen, Joanna De Alba has been detained and indicted for an alleged conspiracy to possess and distribute illegal drugs including heroin and methamphetamine, through the dark web in exchange for Bitcoin. The defendant was arrested while trying to enter the United States through the U.S-Mexico border on October 24, 2019.  Alleged Dark Web Drug Trafficker IndictedU.S. Attorney Richard P. Donoghue said in a press release Thursday that Joanna allegedly dispensed the illegal drugs from the...

Bitcoin’s price went on yet another quick rollercoaster throughout the past 24 hours. It dropped down to about $6,850 yesterday, only to get back up above $7,300 today. Interestingly enough, the move comes following a US airstrike, which had the leader of Iran’s Quds Force’s leader killed.Bitcoin Price Surges $500 In HoursYesterday, the price of Bitcoin dropped down to a low of around $6,850 in a violent red candle. Naturally, it had the overall sentiment in a mixed state because it dropped...

The case between the U.S. Securities and Exchange Commission (SEC) and the encrypted messaging platform Telegram takes another turn. The latter has reportedly refused to hand over financial details regarding its ICO from two years ago, which was recently requested by the market regulator.Telegram Does Not Want To ShareAfter raising over a billion dollars in two token sales in 2018 for the development of its Telegram Open Network (TON) blockchain, the company attracted a lot of attention to...

Good news for cryptocurrency traders in South Korea as profit generated from crypto trading will not be subjected to tax, according to a recent announcement from the country’s Ministry of Finance and Strategy.The Ministry clarified that the current tax law does not consider crypto trading gains as taxable income; thus, Korean crypto traders are not required to pay taxes on the profits they earn from crypto trading for the time being. However, crypto traders in the country may not be exempted...

One of the most anticipated events in 2020 is coming close. Bitcoin’s halving, that will slash the reward miners get for adding new blocks to the network, is about 4 months away. Given that it would likely decrease the demand of freshly minted bitcoins to the market, a lot of people think it would have a positive impact on the Bitcoin price. A prominent analyst, however, thinks that it might already be priced in.Bitcoin Halving Priced In CorrectlyThere is a serious and continuous debate going...

Despite the extremely positive last decade, Bitcoin has also received a lot of criticism and negativity. Such is the case with an economist from Lending Tree, calling it a pyramid scheme that has no real utility in the world. At the same time, a Chief Market Strategist noted that he actually owns five cryptocurrencies, but people need to be familiar with the possible risks.Bitcoin – A Pyramid Scheme?In a recent interview with Yahoo Finance, Lending Tree Chief Economist Tendayi Kapfidze spoke...

Trevon James, a former promoter of the famous cryptocurrency Ponzi scheme, BitConnect, made a Bitcoin prediction in 2018, which he must be regretting today. Back in 2018, he said that BTC’s price will be $10 on January 1st, 2020 and that he would eat his own dog’s excrement live on the internet if this is not the case.James To Eat More Than His WordsJames is a notorious YouTuber within the cryptocurrency community, mostly with promoting one of the largest scams in the industry – BitConnect....

Bitcoin marked the end of 2019 at around $7,150, which is a notable increase of over 90% since January 1st.  Looking at the price on a smaller time frame, BTC has decreased by 1% in the last 24 hours and is currently trading at $7,190.Just yesterday, the largest cryptocurrency attempted to break the $7,400 resistance but to no avail. Part of the reason could be related to the CME price gap at around $7,300, and as it often happens, it was filled in less than 24 hours.If BTC is to increase, it...

It’s the start of a new decade, and industry famous twin Tyler Winklevoss, the co-founder, and CEO of cryptocurrency exchange and custodian company Gemini Trust, has shared his views on what the next ten years hold for crypto.According to Winklevoss, crypto is already becoming more than a niche technology and a form of money, and it will play an essential role in our daily life in the foreseeable future.“Today, crypto is still a niche technology and a form of money. It is not crucial to your...