Tag Archives: AA News

A European civil society organization promoting digital rights has issued warnings regarding new cryptocurrency-related scams. By impersonating reputable websites and running fake advertisements on Facebook, the scammers are duping victims to provide personal data and to invest in unexisting digital asset projects.Fake Cryptocurrency Investment OpportunitiesThe North Macedonia-based Metamorphosis Foundation – a member of the European Digital Rights (EDRI) network – reported today that fake...

The past few days have been relatively exciting in the cryptocurrency market. Bitcoin managed to reclaim the $9,000 level but it appears that bulls might be running out of steam. At the same time, despite the fluctuations in its price, large-cap altcoins failed to make any serious advances as most of them remain more or less break even against Bitcoin.Bitcoin Struggles Above $9,000Bitcoin has been playing with the $9,000 area quite a bit in the last few days. Yesterday, the cryptocurrency...

It is no longer news that Venezuela is in a deep crisis, but the COVID-19 pandemic in the country is like adding fuel to a raging fire. With the worsening condition, the government has made a move that would seem like a last resort. Gold For Food And COVID-19 SuppliesEarlier this month, Venezuela’s central bank filed a legal claim to withdraw part of its gold reserve worth £930m ($1.13bn) held with the Bank of England (BoE), so they can buy food, medicine, and other supplies needed for its...

The Square Cash app owned by Twitter CEO Jack Dorsey will go to great lengths to smooth the onboarding process for its Bitcoin users.When a Cash app user sent 12 different transactions worth $1 each, the app covered the $6 fees required to get his transaction included in the next block – each time.That means the owners and operators of the Cash App paid $72 to move their user’s $12 worth of Bitcoin.The Square AppSquare Cash App Subsidizes Bitcoin Use?As revealed by crypto-podcaster Collin...

The blockchain video streaming network Theta Labs announced today that Google Cloud had joined its Enterprise Validator Program (EVP). Interestingly, this partnership coincides with Theta’s Mainnet 2.0 launch scheduled to take place also today.Google Cloud And Theta LabsPer the announcement, the tech giant has become the newest member of Theta’s Enterprise Validator Program. Thus, Google Cloud has joined the likes of blockchain-based companies such as gumi, Blockchain Ventures, and the...

Discussions around Bitcoin and cryptocurrencies, in general, have reached the high seats of investment banking.This becomes clear as the behemoth multinational investment bank Goldman Sachs hosted a conference call headlined US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin.Perhaps somewhat expectedly, the banking giant used its platform to bash cryptocurrencies, making some particularly expressive comparisons.Bitcoin And Cryptocurrencies Are Not an...

An interesting and certainly education Reddit thread surfaced today, showing the importance of being extra careful when it comes to dealing with sensitive cryptocurrency information online. A user lost $1,200 worth of ETH in a matter of seconds after accidentally leaving his mnemonic phrases on GitHub.For clarity, a mnemonic phrase or backup seed, as it is sometimes called, is a readable 12-word phrase that is used to represent the private keys of a crypto wallet. $1,200 Stolen In 100...

Major cryptocurrency firms continue to pave the way for institutional involvement in the space. The US-based digital asset exchange, Coinbase, just announced the acquisition of the leading institutional crypto brokerage Tagomi.Coinbase Acquires TagomiSan Francisco-based cryptocurrency exchange Tagomi announced today the acquisition of the leading institutional cryptocurrency brokerage Tagomi. The move is aimed to bolster the company’s propositions for advanced traders and “the most...

By examining numerous aspects of the Ethereum network since its launch in 2014, a cryptocurrency research firm concluded that the asset price is significantly undervalued.Ethereum DevelopmentsBlockfyre based the analysis on several core features of the Ethereum network and its performance in the past six years. Firstly, the company examined the development activities, saying that they have been continuously increasing, regardless of how the price has acted.Ethereum Development Activities....

Popular cryptocurrency analyst believes that Bitcoin’s price is heading towards $7,200 based on an inverse Head and Shoulders pattern. Interestingly, if BTC is indeed trading within the inverse H&S, the breakout could hand Bitcoin a target of $16,000.BTC: $7,200 Followed By $16,000?The inverse head and shoulders technical pattern is identified when the price of an asset firstly drops to a certain level, rises back up, dives lower than the previous bottom, increases again, and finally...