Tag Archives: AA News

After going through another volatility earlier this week, which pushed its value down to as low as $6450 on major exchanges, Bitcoin has made a quick recovery above $7,000 and is currently trading at $7,200, indicating a 1.12% gains on the daily chart. Meanwhile, Bitcoin’s dominance continues to increase and it stands at 68.3%. This week’s drop didn’t only cause panic among traders but also turned the entire market into a red zone. Bitcoin’s quick recovery, however, has given a sense of hope...

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The continuous protests in Hong Kong have taken another turn as of late, as the police have frozen $9 million from a foundation working with the protesters. The money was allegedly being used for money laundering, but the opposition is declining the accusations, and legal authorities are questioning if there is political involvement.Hong Kong Police Freezes $9 MA local report shows that Hong Kong authorities have frozen HK$70 million ($9 M) raised by the Spark Alliance. The money was...

The cryptocurrency market went through a turbulent week, as the price of all major digital assets went on a rollercoaster. One thing, however, is making an impression and it’s the fact that Bitcoin is once again claiming the majority of the market share as its dominance spikes up notably.Bitcoin Dominance At 68.3%BTC dominance is an index that measures the relative share of Bitcoin in the entire market capitalization. At the time of this writing, it stands at 68.3%, which is an increase of...

The saga with one of the largest alleged scam projects in the cryptocurrency world continues. PlusToken’s officials were arrested several months ago, but a recent report shows that over $100 million worth of Ethereum was transferred from a company wallet to an unknown one.$100 In ETH Transferred From PlusTokenThe popular cryptocurrency monitoring resource, Whale Alert, recently caught a large transaction of 789,525 ETH worth over $105 million at the time. What’s conspicuous about it is that...

Bitcoin and most altcoins have marked a few consecutive days of negative price action. In a recent poll regarding Bitcoins’s potential bottom, over 70% of voters said that it would be below $6,000. Additionally, the Fear and Greed Index is dropping daily, further confirming the negative sentiment among the community.Where Will Bitcoin Bottom?One of the most prominent cryptocurrency analysts conducted a Twitter poll regarding Bitcoin’s bottom. The community had four options to choose from,...

With the Genesis hard fork on the Bitcoin Satoshi’s Vision (BSV) network scheduled to take place on February 4, 2020, California-based cryptocurrency management company, BitGo has announced that its BSV wallets will not be able to receive BSV transactions after the update due to compatibility issues.What Changes Will Bitcoin SV’s Genesis Bring?The Genesis hard fork will reportedly resolve several problems on the BSV protocol such as addressing scalability issues, sunsetting of...

The popular U.S.-based cryptocurrency exchange, Kraken, has been reportedly served with a lawsuit against it from a former employee. The case is brought by a whistleblower accusing the company of harassment, discrimination, wrongful termination, and even lack of paying rent.Kraken Sued By A Former EmployeeKraken’s former employee, Nathan Runyon, has filed a lawsuit on November 26th against his former employers. Some of the accusations appear extremely serious, including disappearing customer...

With the long-awaited Istanbul hard fork now live on the Ethereum blockchain, the network will undergo an emergency hard fork in two weeks to resolve an old issue that seems to be pressurizing the entire ecosystem. The Istanbul update aims to solve issues like rebalancing gas costs, more privacy, and interoperability with cryptocurrencies like Zcash. You can read what to expect from the latest improvements here.While the Istanbul hard fork introduces new features, Ethereum developers made a...

One of the largest American financial services corporations, Fidelity, is preparing to enter the European market with a product orientated towards digital assets. The branch called Fidelity Digital Assets is already operating in the U.S. since last year, delivering cryptocurrencies to institutional investors.Fidelity Digital Assets Enters EuropeLast year, Fidelity Investments Inc, launched a new business venture in the U.S. oriented towards cryptocurrencies. It’s called Fidelity Digital...