Tag Archives: AA News

This week the market was shuffling down and traded in the red. It could be because of the Chinese trying to soothe the hype created around blockchain. They are currently trying to focus on the distinction between Bitcoin and cryptocurrency market and the blockchain technology. Bitcoin’s downturn to the $8,000 area is driving the market’s reaction as the trade volume declines and the fear index rises. Despite the bearish momentum, some altcoins were in the green. Fusion, for example, surged by...

The former CEO of one of the most popular Bitcoin exchanges from a couple of years ago, Bobby Lee, said in an interview that he expects for Bitcoin t overtake gold in less than ten years. He also shared his thoughts on Facebook’s Libra, as well as the increased interest in the field coming from China.Bitcoin To Overtake Gold in 10 YearsIn a new interview, Bobby Lee, the former CEO of Bitcoin exchange BTCC, shared his thoughts on some of the most pressing matters within the cryptocurrency...

After months of protests in Hong Kong, politicians have reportedly decided to shut down a bank account related to the anti-extradition law movement. Additionally, a bank in Iran was recently set on fire, and people in Lebanon still have trouble accessing their savings. With raging protests around the globe, it’s interesting to see if Bitcoin’s price will be somewhat affected.HSBC Bans a Bank Account Supporting ProtestsEarlier this year, China proposed a new bill that would allow Hong Kong...

One of the largest US banking institutions, the Bank of America, has recently decided to close the account of the former CFO of PayPal. The decision came without an explanation, despite the fact that he had been a client for over 20 years. Needless to say, Bitcoin’s censorship-resistant nature is one of the things that bring it up as a viable alternative in scenarios of the kind.Bank Of America Shuts Down An AccountThe former CFO of PayPal and current partner at Sequoia, Roelof Botha, shared...

Well-known entrepreneur and cryptocurrency proponent, John McAfee, recently launched an ERC-20 based token called WHACKD. The full rubric of the token is “Epsten Didn’t Kill Himself,” and it was announced back on November 11th. Now, however, McAfee has said that he will 10% of the total supply of WHACKD to the winners of a new meme contest.Gifting WHACKD To Meme Contest WinnersThe circumstances surrounding Jeffrey Epstein’s death caught the attention of the world. John McAfee’s observation...

Bitcoin saw the light of day a decade ago, and since then, it attracted serious interest in the financial sector. Even though a lot of people use it mainly to get exposure to its price denominated in fiat currencies, there are a lot of businesses that accept Bitcoin as a payment method.Traveling With BitcoinBack in 2013, the popular American travel agency Cheapair began accepting Bitcoin as a means of payment. This led to other companies implementing it as well, and now clients can use their...

The cryptocurrency market has spiked the interest from the media and regulators over the last several years. Its actual lack of established regulations leads to numerous alleged criminal activities, and the U.S. government is reportedly preparing to act against potential money-laundering schemes.The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, has recently said that the country is looking for a way to introduce more strict enforcements on several...

You can retire today on 20-30 BTC depending on where you live1 BTC, 32 ETH: it’s important to diversifyDon’t count on Bitcoin to retireIs there a right answer or it’s all individual?Bitcoin’s price has always been a hot topic within the cryptocurrency community. There are plenty of predictions on what it would be in the not-so-distant futures, and the estimates vary from $0 (from crypto skeptics) to $1 million by the end of 2020 coming from the popular proponent John McAfee.With this in mind,...

The last couple of days saw the entire cryptocurrency market bleeding as Bitcoin and altcoins all marked notable decreases.Bitcoin lost around 5% of its USD value at one point, as it dropped from a daily high of $8,800 to about $8,360 in just a few hours. The cryptocurrency managed to recover ever so slightly as it’s currently trading at around $8,470, still down about 2 percent on the day.As CryptoPotato reported, the support at $8,500 also represents the Golden Fibonacci level of 61.8%...

The Bitcoin futures market has exploded like no one could have expected over the recent years, and it continues to grow. This summer, BitMEX hit a new record for BTC futures trading at over $16 billion.CME recently petitioned the CFTC to double its BTC futures trading capacity in the face of soaring interest. Binance had recently entered the space, and Bakkt has launched with its physically delivered BTC futures product (albeit somewhat tepidly).In the light of so much action among the margin...