Tag Archives: AA News

Yesterday was a painful day for both cryptocurrency and stock investors as the prices tumbled in a similar manner.As CryptoPotato reported, the Dow Jones, S&P 500, and Nasdaq 100 lost sizeable chunks of their value of around 5%, and so did Bitcoin. This invalidated the narrative for the decoupling of crypto from traditional stock markets.There was one asset, however, that remained stable and seemingly unfazed by the market crash. Gold remained stable, completely uncorrelated with both...

According to recent reports, the Ministry of Finance in India has proposed to ban digital assets. The move comes only three months after the nation’s Supreme Court revoked a two-year-old ban.India Changes Its Mind On Crypto (Again)?A local report from today informed that India’s Ministry of Finance had moved a note for inter-ministerial consultations. After the consultations, it will reach the cabinet and subsequently, the Parliament.Should it be successfully implemented, it could effectively...

The Vanguard Group, one of the world’s largest index fund management companies, has completed the first phase of a blockchain pilot designed to digitize the issuance of asset-backed securities (ABS).Vanguard Employs BlockchainAccording to the recent announcement, the American investment company managing $5.7 trillion as of April 30, 2020, has partnered with the New York-based blockchain firm Symbiont. Other project associates include a large US ABS issuer, BNY Mellon, Citi, and State...

Electric Coin Company (ECC), which oversees the development of Zcash (ZEC), has released the source code for shielded-only iOS and Android wallets.ECC announced the publication of the open-source code on Twitter on June 10. While the release does not come in the form of ready-built wallet applications for iOS or Android, it gives developers the free tools to build their apps.ECC Releases Open-Source Shielded Wallet CodeThe ECC team posted its open-source code to Github on June 10. The team...

Brian Brooks, the former chief legal officer of Coinbase, was recently appointed to serve as the interim head at the Office of the Comptroller of the Currency (OCC) in the Trump administration.Brooks has shown openness to exploit the merits of blockchain and cryptocurrency at his new position, according to a recent interview.Trump’s Head Of OCC Likes Blockchain And CryptoBrooks served as the chief legal officer of the largest US-based cryptocurrency exchange from 2018 until just recently. He...

Global stock markets are tumbling today as fears of a second coronavirus (COVID-19) wave grow stronger. Reports have it that there’s a rising trend of new cases in the US and across the world, and this has evidently taken its toll on the economy as well.Equities Tumble Amid Fears of Coronavirus ReignitionThe World Health Organization announced that the coronavirus pandemic is worsening across the globe. The number of new cases continues to spiral on and even reached a new all-time high.It...

The American multinational technology company Microsoft Corp. has launched a beta version of its open-source, decentralized identifiers (DIDs) network on Bitcoin’s mainnet. Called ION, it’s designed to bring back the control of personal information from centralized entities to individuals.Microsoft’s DID Employs Bitcoin’s NetworkThe tech giant explained its decentralized identifiers as a technical component “that makes decentralized identity possible.” It outlined that companies and other...

WhaleAlert has identified another wave of transfers of some of the funds stolen during the Bitfinex hack of 2016. According to reports, the hackers moved a total of 416 BTC ($4,089,151) at around midnight, Wednesday 10, 2020, to multiple unknown Bitcoin addresses.The hackers transferred the coins to 20 different addresses, with each transaction carrying between 15 BTC to 33.3 BTC. Some of the receiving addresses then moved the funds to other unknown addresses.$5.1 Million Moved in 3 WeeksThis...

The leading US-based cryptocurrency exchange, Coinbase, announced yesterday that it plans to explore new altcoins and take them under consideration for future listing on its platform. As a result, the prices of the mentioned altcoins spiked substantially.According to Max Keiser, however, some of the coins exist only to be listed on Coinbase, making the latter “technically a casino.”Coinbase Exploring a Set of New Coins to ListCoinbase is the leading cryptocurrency exchange in the United...

The world’s leading cryptocurrency exchange, Binance, has launched its very first futures contract with a quarterly expiration date. The contract is already available in its derivatives trading interface – Binance Futures.BTC/USD Quarterly Futures Contract on BinanceBinance has officially launched its very first cryptocurrency futures contract that has a preset expiration date. It’s a quarterly BTCUSD futures contract that traders can engage with a leverage of up to 125x.The new contract is...