Tag Archives: AA News

Ripple has recently partnered up with a European online remittance service company, Azimo. The former will leverage Ripple’s On-Demand Liquidity (ODL) for remittance payments in the Philippines and plans to expand the services in other countries, as well. At the same time, the company’s legal battle against Bradley Sostack will continue.Ripple Goes To Business With AzimoYesterday, Ripple announced its newest partnership with the U.K.-based digital money transfer service company. As of now,...

Global stock indexes continue to tumble, as the spreading coronavirus shows no signs of slowing down. With Italy reporting numerous confirmed cases, the virus is already spreading through Western Europe as well. The markets failed to recover, even after the President of the United States, Donald Trump, attempted to reassure that they are taking the necessary steps to contain its spread.President Trump Attempts To Relieve MarketsIn a press conference given February 26th, US President Donald...

Virgin Galactic chairman and founder of investment company Social Capital, Chamath Palihapitiya, opposed Warren Buffett’s negative views on Bitcoin. Moreover, he noted that everyone should allocate a portion of their investment portfolio in the largest digital asset.1% In BitcoinPalihapitiya, who is also an early investor in Facebook, recently appeared in CNBC’s Squawk Box. While speaking about the coronavirus’s effect on the traditional markets, he also mentioned Bitcoin’s involvement in the...

The U.S. District Court in Seattle convicted a former Microsoft employee of 18 federal felonies. Ultimately stealing over $10 million in less than two years, the perpetrator used a bitcoin “mixing” service in an attempt to hide his actions.18 Federal OffensesVolodymyr Kvashuk is a Ukrainian citizen who worked full-time for Microsoft as a software engineer from August 2016 until June 2018. Before he was eventually fired, he was responsible for testing Microsoft’s online retail sales program....

Finnish Customs seized 1,666 bitcoins several years ago during major drug busts. The digital asset’s value has grown with almost 2,000% since then, and the authorities are wondering what they could do with all the bitcoins.Finland’s Seized BitcoinsBack in 2016, police raids in Finland were a common sight. The notorious black market, the Silk Road, was operating in full force, and some deals were transmitted in Bitcoin. Thus, as Finnish authorities made several successful arrests, they managed...

The last few days have been catastrophic for traditional financial markets and pretty damaging to the cryptocurrency field as well. Major global indices are charting tremendous losses while the crypto market cap lost more than $30 billion in the past week.Major Indexes Chart Serious LossesOver the course of just a few days, major global indexes have charted losses that are troublesome, to say the least.Starting off with the S&P 500, it lost 3% yesterday alone and is down 7% in the past...

Global markets crashed and burned Monday as risks from coronavirus, and other uncertainties fueled panic. The Dow Jones Industrial Average cratered over a 1,000 points for a 3.56% loss. The S&P 500 Index closed 111 points down, losing 3.35%.The NASDAQ Composite fared worst, with a 355 point decline, or 3.71% of its market capitalization at the start of the day. Further, oil prices tumbled, with Brent crude down 4.1% and U.S. crude futures down 4%. As of press time, the above US indexes...

China has delayed its research on launching a government-backed Digital Currency Electronic Payment (DCEP), in Q1 2020, as the country continues to battle the increased coronavirus outbreak. This does not mean that China will not launch the sovereign digital currency this year, Global Times reported Tuesday.  China to Launch a Cryptocurrency in 2020Before efforts were shifted to the Coronavirus, the People’s Bank of China (PBoC) and other relevant bodies involved in the project, were...

Popular American venture capital investor, Tim Draper, recently said that he has been out of the traditional markets for the past six months.Instead, he has most of his investment portfolio allocated in Bitcoin as he believes its price will reach $250,000 by early 2023.Bitcoin At $250,000Draper has been quite optimistic regarding the future of the largest digital asset previously as well. Yesterday, in an interview for CNBC’s “Squawk Alley,” he reaffirmed his previous bold prediction for the...

Boerse Stuttgart is the second-largest exchange in Germany. According to an official release, the venue has launched an unprecedented product in the cryptocurrency industry. The new tracker has a product value that represents the inverse performance of Bitcoin.Short Bitcoin (BTC) ETP On Boerse StuttgartBoerse Stuttgart continues to expand its products associated with different cryptocurrencies. Per a recent release, the venue is taking a step forward, listing a new, supposedly unprecedented...