Tag Archives: AA News

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...

A recent report by Binance Research shows that $6.4 billion worth of cryptocurrency is being staked. As staking systems have grown, more and more people have been drawn to them because of the potential rewards. However, it’s worth noting that staking has some hidden risks as well.The Proof of Stake SituationSome of the most notable cryptocurrencies are based on a Proof of Stake algorithm, and they have drawn a significant amount of cryptocurrency to be staked on their networks, according to a...

Bitcoin Cash saw a notable price increase of around 10% today, and it is trading at around $287 at the time of this writing. The increase coincides with the news that Jihan Wu sent out a staff email announcing that Micree Ketuan Zhan, the co-founder and executive director of Bitmain, had been ousted.Jihan Wu Makes a ComebackBack in March of this year, following Bitmain’s failed IPO, Jihan Wu stepped down as co-CEO of the company, and his partner, Micree Ketuan Zhan, assumed control.However,...

The vice-chairman of the China Center for International Economic Exchanges (CCIEE), Huang Qifan, has said that his country will launch the first-ever blockchain-based central digital currency. While he doesn’t believe in Facebook’s potential digital currency, Libra, he feels that such currencies are actually needed in the market as current payment methods appear to be outdated.China’s Central Bank to Launch a Digital CurrencyHuang spoke at the Inaugural Bund Financial Summit of 2019, which is...

The latest increase in the cryptocurrency market had an impact on the price of TRX as well. However, despite the fact that the market is stalling today, Tron’s surge continues. The most recent news coming from China appears to have impacted most of the market, especially Chinese-based projects. However, apart from that, Tron recently announced a few major updates which may have also boosted its value against both USD and Bitcoin.Updates From TronJust today, an official announcement from the...

It’s safe to say that the last few days have been nothing short of turbulent for Bitcoin. After trading in a close range for a few weeks with rather low volatility, the cryptocurrency last week recorded its largest daily price increase since 2011. In a span of about 24 hours, it surged by more than 40%, rising as high as $10,350.Predictably, a correction soon followed. Bitcoin shed about $1,000, as its price fell to around $9,400. Bitcoin’s dominance rate also increased notably. Prior to the...