Tag Archives: AA News

Zcash (ZEC) was recently the subject of a research paper which aimed to explore the extent to which the privacy coin is used for illicit or criminal purposes.Funded by Electric Coin Co.(ECC), the company behind Zcash, the analysis carried out by the RAND Corporation and concluded that Zcash was not regularly used for illegal means.However, the critical findings offered up by RAND Corp are non-committal, vague, and incredibly illogical in light of Zcash’s status as an apparently untraceable...

According to a new study, the assents under management (AUM) of cryptocurrency-focused hedge funds had doubled in 2019 compared to 2018.Despite some challenges in the field, Bitcoin remains the most frequently traded digital asset, with Ethereum and Ripple following.Institutional Investors Come For CryptoAccording to the report citing the survey compiled by PwC and the digital asset investment company Elwood Asset Management Services Ltd, cryptocurrency funds have increased their AUM to more...

The popular entrepreneur and billionaire Elon Musk recently revealed how much BTC he holds. In a Twitter thread initiated by Harry Potter’s author, J.K. Rowling, that quickly went viral, Tesla’s CEO chipped in, saying exactly how much of the cryptocurrency he owns.Elon Musk Owns 0.25 BTCFriday was undoubtedly a big day for Crypto Twitter. The author of Harry Potter, J.K. Rowling, asked the community to explain Bitcoin to her.A number of influential individuals, including Binance CEO Changpeng...

Following the official halting of Telegram’s TON blockchain project, Co-founder of Qiwi Group Sergey Solonin has decided to loan his $17 million investment back to the company, according to a recent report by Forbes RU.$17 Million Investment Stays In TelegramThe past several weeks have been particularly challenging for Telegram’s blockchain project called TON. Firstly, the prolonged legal battles with US authorities led to missing the April 30th, 2020, deadline to launch the network and to...

Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets.The New Chinese Threat: WOTOKENAccording to local reports, the trial began on May 14th in the People’s Court of Binhai Country, Yancheng City, against six defendants allegedly operating the WOTOKEN project. More specifically, the...

According to Robert Kiyosaki, Bitcoin will be valued at $75,000 in three years, as an incompetent Fed oversees a dying economy.The author of the global phenomenon, Rich Dad, Poor Dad, took to Twitter on May 16, where he revealed his recent investments in hard assets such as gold and silver – and also Bitcoin.He made three bold price predictions about the assets mentioned above, citing a dying economy and Fed bailouts as the main catalysts. Kiyosaki tweeted:ECONOMY dying. FED incompetent. Next...

American professional basketball player, Spencer Dinwiddie is raising nearly $25 million worth of Bitcoin from fans and will allow them to pick his next team. Should the campaign fail, though, the current Brooklyn Nets guard plans to give all bitcoins for charity.Dinwiddie To Raise BitcoinsThe 27-year-old basketball player is under contract with the New York team at least until the 2020-21 season. Before the suspension of the NBA season, he was enjoying his best year yet, averaging 20.6...

Friday was a big day for Bitcoin Twitter. Harry Potter author J.K. Rowling asked Twitter to explain the cryptocurrency to her. All the big whales on Bitcoin Twitter jumped into the thread to offer various explanations and summaries to the legendary fantasy writer.J.K. Rowling asks Twitter to explain Bitcoin. | Source: TwitterElon Musk even chimed in:Source: TwitterSince Rowling ultimately concluded in the threads that followed that she just couldn’t understand Bitcoin no matter how people try...

Jared Tate, the Founder of DigiByte (DGB), announced that he will be stepping aside from day-to-day operations due to the “Greed…and rampant pillaging” of the cryptocurrency industry.Tate announced his departure from the front-end of the crypto space on his Twitter page on May 15. After eight years in the industry, he had this to say about his experiences:“Along the way I have learned some very humbling lessons. #1 of which is greed is the fundamental driving force in crypto & people’s...

Bitcoin’s halving finally took place at block 630,000 on May 11th, 2020. Like many cryptocurrency enthusiasts and market participants pointed out, the block countdown felt much as if it’s New Year’s Eve. However, it’s already behind our backs, and the price has managed to add another $1,000 to it since then.In the four short days since the halving, Bitcoin increased from $8,550 to where it currently trades at around $9,380. This marks an increase of about 11%. As a matter of fact, BTC tested...