Tag Archives: AA News

The leading cryptocurrency exchange by volume, Binance, and India’s own exchange WazirX, are setting up a blockchain fund in the Asian country for $50 million. Dubbed “Blockchain for India,” the fund’s mission is to invest in blockchain startups focused on solving industrial and social problems.Blockchain For India $50MLast year, Binance acquired several companies based in other countries to expand its reach even further. One of them was the Indian-based cryptocurrency exchange – WazirX....

Popular U.S. economist and proponent of gold, Peter Schiff, recently explained why the precious metal is plunging in the past few weeks. He believes that investors are to blame due to their lack of awareness of what is to come. Once they realize it, though, gold will surge once again.Schiff Blames Investors For Gold’s Price PerformanceThe COVID-19 (coronavirus) started an adverse snowball effect on most financial markets. Riskier assets such as equities and cryptocurrencies have been...

The world economy is in a state of emergency. Stocks are plunging continuously as investors are timid of the spreading novel coronavirus. While China appears to have managed to handle the situation and reports close to zero cases on a daily basis, countries from the European Union and the US see exponential increases.In yet another attempt to provide a helping hand to the markets, the US announced a second rate cut, bringing down interests to a near-zero. Additionally, the Fed will be buying...

One of the tenets of the cryptocurrency and blockchain industry is privacy and freedom. And now, privacy is at risk again. This time it’s thanks to the highly contagious Coronavirus that has shaken both the global stock market and crypto markets.  As the global pandemic continues to spread at a very high rate, governments of each country are taking drastic measures to fight the virus to prevent further spreads. One such move is to spy on the civilian population by tracking their movement...

As the cryptocurrency market goes through one of its most vicious and swift crisis, Bakkt, the Bitcoin futures contract exchange, continues to invest in infrastructure. The company completed another financial round, gathering $300 million in investments from Microsoft’s M12, Goldfinch Partners, the Intercontinental Exchange, and so forth.Bakkt Completes $300M Series BIn an official post from today, March 16th, Bakkt’s CEO Mike Blandina, revealed that the Bitcoin futures trading exchange...

Samuel Reed, BitMEX CTO, shared some information on the recent controversy that led to high levels of liquidated assets on the exchange platform. He noted that the technical issues BitMEX experienced were connected to an on-going botnet attack.March 13th: Botnet Attack On BitMEXLast week, Bitcoin went through a severe plunge that brought the price down to as low as $3,700 on BitMEX. The sharp decrease led to lots of trading volume and, inevitably, significant levels of liquidations on the...

The novel COVID-19 (coronavirus) continues with its adverse effects on the financial markets. The cryptocurrency space is no exception. Bitcoin, for instance, slipped below the significant $5,000 mark and is currently trading at around $4,500.Just hours ago, the leading cryptocurrency by market cap saw a spike of $800. When the U.S. Fed Reserve made a total injection of $700 billion in treasuries and mortgage-back securities, Bitcoin jumped to almost $6,000. The bullish move, however, was...

The Federal Reserve made an unexpected announcement at 5 PM U.S. Time Sunday afternoon. Along with another $700 billion immediate injections – $500 billion in treasuries and $200 billion in mortgage-back securities, the Fed is cutting the rate to zero.Donald Trump fires all the guns he has at an early stage of the coronavirus battle: Following the past week’s cut of 0.5% just a week ago, the Fed had announced shortly before the Futures on Wall Street open, on an another aggressive rate cut to...

The recent mystery surrounding the incredible $80,000 worth of Ethereum transaction fee has been resolved. Instead of a complicated money laundering scheme compiled by a South Korean exchange, it actually turned out to be a human-mistake made by one of the employees.656 ETH Paid for Syntethics Network (SNX) TransactionA few days ago, a suspicious Syntethics Network Token (SNX) transaction worth $0.00000001 had been sent on the Ethereum blockchain. The value of the token practically equals $0,...

Along with every other financial instrument led by the global stock markets, Bitcoin plummeted in the past two weeks following the worldwide spread of the coronavirus.Following their desire to see Bitcoin emerging as the next generation’s safe-haven asset, this latest severe Bitcoin plunge felt like a nightmare for many Bitcoiners.The following article will try to examine what led to the massive sell-off and will end in a little hope that Bitcoin might not have said its final word yet...