Tag Archives: AA News

If the Federal Reserve decides to implement negative interest rates as many have anticipated, it could prove to be a key pivot point in the story of Bitcoin.That’s according to a May 14 report by Stack Funds, which states that an era of negative rates could be Bitcoin’s time to shine.Negative Rates a Pivot PointThe report notes that the threat of negative rates, coupled with the injection of $3.5 trillion newly printed dollars into the economy will cause investors to turn away from...

The well-known economist and gold proponent Peter Schiff took it to Twitter to explain why high inflation rates won’t cause an increase in Bitcoin’s price.Bitcoin Is Not An Inflation Hedge: Peter SchiffWorld-renowned economist and author, Peter Schiff, took yet another chance to bash Bitcoin – something he’s been doing openly for quite some time now.In his latest Twitter post on the matter, the expert argues that increasing inflation rates won’t bring Bitcoin’s price up.Inflation results in...

One of the most recognized luxury sports car manufacturers, Automobili Lamborghini, has launched a limited digital stamp collection for selected vehicle models. The company is partnering up with Bitstamps, and by utilizing blockchain technology, they guarantee the history and uniqueness of each digital stamp.Lambo And BlockchainAccording to the company’s website, Lamborghini already launched the first digital stamp in honor of its newest model – Huracan EVO RWD Spyder. The Italian-based...

Less than a month after redesigning its cryptocurrency project, Facebook’s Libra has received a significant boost. According to Friday reports, Singapore’s government-owned investment company, and two other companies have become the latest members of the Libra Association.Temasek Offers A Differentiated PositionThe two other companies that joined the association today include crypto-asset investment firm Paradigm, and Slow Ventures, a San Francisco-based venture capital and private equity...

Bitcoin’s hash rate has decreased by 32% in the past few days as the revenue generated by miners is also substantially less following the halving. This is one of the biggest corrections in history, and it might pose certain security challenges for the network.Bitcoin Hash Rate Drops 32%Bitcoin’s hash rate decreased dramatically in the past five days. Since May 10th, it has dropped by more than 32%, going down from about 136.098 million TH/s to 91.265 TH/s.Bitcoin Hashrate. Source:...

In an attempt to provide more accurate information regarding cryptocurrency exchanges, the popular data tracking website CoinMarketCap has launched exchange ranking by web traffic.Interestingly, Binance, the company which recently bought CMC, is currently occupying the first spot with a perfect score.CMC Evaluates Exchanges By Web TrafficFake volumes from cryptocurrency exchanges have been a reasonably bothersome topic within the community. CoinMarketCap has been implicated previously in...

Five months after the successful completion of the “Agharta” hard fork at block 9,573,000, the Ethereum Classic (ETC) Core developers announced today that the blockchain would undergo another network upgrade dubbed Phoenix.Ethereum And Ethereum Classic CompatibilityPhoenix is a system-wide upgrade and will take place on June 3rd, 2020, at exactly block 10,500,839. Per the official announcement from the project, the upcoming hard fork is a product of the consensus between the members of the...

Bitcoin buyers on Coinbase tend to go on to experiment with altcoins, and BTC could be acting as a gateway drug.That’s according to new research by Coinbase, which showed that among customers with at least five purchases, those who bought Bitcoin first were more likely to spread out into the altcoin market too.The blog post made clear Bitcoin’s sustained dominance among Coinbase customers, but also noted a growing interest in alternative assets. The post notes:“The data bears this out. Among...

Global retailer Overstock has filed for a dismissal of a lawsuit that alleges the company is misrepresenting a “digital dividend” token to its shareholders.Accused On Misleading Information To ShareholdersThe online retailer Overstock has been among the firms that adopted and advocated Bitcoin early on. Now the company is caught in a legal battle, accused of spreading misleading information in representing the essence of its new digital token to its shareholders.The so-called OSTKO security...

With the third-ever Bitcoin halving in the history books, the price of the asset is reacting by a notable 13% surge. As a result, the number of profitable days of holding the primary cryptocurrency has increased to over 93%, according to a data monitoring website.Almost All BTC Positions Are In ProfitBitcoin’s halving historically attracts a lot of attention. This one was no exception. While there were a lot of predictions that the price would tumble mainly because of miner-induced selling...