Tag Archives: AA News

The cryptocurrency market went through a parabolic price surge in late 2017 causing a stir around the financial world. Bitcoin, the largest crypto by market cap, reached its all-time high at $20,000 but according to two U.S.-based academics, this price movement was manipulated by a single whale.Cryptocurrency Price Manipulation?The topic of price manipulation in the cryptocurrency market has been around for a few years. Finance professor John M. Griffin from the University of Texas and...

Bitcoin, once again, shocked the world last weekend when it surged with 42% in less than 24 hours. However, with that event behind our backs, Bitcoin’s volatility has been declining.After touching $10,350 last week, the price corrected and is currently around $9,200. It appears that the cryptocurrency is locked in a fairly tight range, and we haven’t seen any notable price movements during the week. This is precisely why it might be the case that Bitcoin is, once again, setting the stage for...

It appears that Craig Wright is running low on cash as he fails to finance his court settlement negotiated with the Kleiman estate. The case is one of the most interesting ones to monitor within the cryptocurrency field. Craig Wright, who also claims that he is the creator of Bitcoin, has been accused by the brother of now-deceased David Kleiman that he has stolen a sum of bitcoins. Is Craig Wright Running Low On Cash?A court document, filed in the Southern District of Florida, indicates that...

It’s safe to say that BitMEX has had better days. Earlier today, it was reported that many of its users’ email addresses had been leaked. A few hours later, it appeared that the platform itself had been compromised, as the company’s Twitter account stated that withdrawals had been suspended. Shortly thereafter, BitMEX announced that all funds were safe; indeed, withdrawals are working just fine.BitMEX Under SiegeThe day started off with some bad news for BitMEX, the most popular Bitcoin...

Bitcoin’s price has been trading around $9,100-$9,500 for a few days after the volatile movements of last week. However, on futures and options exchange Deribit, the price went through a violent red candle, reaching $7,700 in a manner of minutes and causing lots of losses. The company stated today that they will reimburse all affected users on their network.Bitcoin Price Plunge on DeribitThe issue was noted around 21:00 UTC on October 31st and it reportedly affected many users on their...

Today marks an important anniversary for Bitcoin, as exactly 11 years ago, the pseudonymous creator of the protocol, Satoshi Nakamoto, published its whitepaper. It goes without saying that a lot has happened since then, so let’s have a figurative walk down memory lane and see how the network has improved over the years. Bitcoin’s HashrateEver since Bitcoin was first introduced to the world, the network’s hashrate has been increasing steadily. Most of the gains in this respect, however, have...

Despite Bitcoin’s latest surge, which was undoubtedly among the most impressive in years, a lot of people continue to be fairly bearish in the short term. Bitcoin gained around $3,000 in less than 24 hours last Friday, but the subsequent pullback seems to have raised doubts in the community.Bitcoin Stalls Around $9,100Last week brought significant attention to the cryptocurrency market because of price movements in both directions. On Friday, Bitcoin and the other cryptocurrencies’ prices...

2,500 UK citizens took part in a recent survey regarding Bitcoin investment, and the results are rather interesting. 5.3% of respondents said that they own some Bitcoin, but approximately 20.3% said they’ve never heard of it.5.3% of UK Citizens Own Bitcoin: SurveyThe matter of Bitcoin ownership has always been an interesting one. A recent survey found that around 5.3% of UK citizens own bitcoin.More specifically, 2% of participants plan to buy more, and 3.3% don’t have any intentions of the...

Bitcoin went on one of its most impressive price rallies last week, surging over 42% in just a day. Not only did this made last week the best one for Bitcoin since May, but it also returned the positive sentiment to the market, which had previously been fairly bearish. However, the price has since retraced and is currently trading at around $9,200. Interestingly enough, BTC flash-crashed to slightly above $9,000 earlier today, but it managed to recover fairly quickly. At the time of this...

It appears that China is waking up to blockchain, and this did to the market what Bakkt’s futures failed to. President Xi Jinping urged further adoption of blockchain-based technology, and his statement might have been one of the reasons for Bitcoin’s 40% surge over the past few days.Indeed, Bitcoin had its best week since May. It’s not the first time that statements from China have rocked the markets, although this move left most technical analysts surprised. It also saw a lot of short...