Tag Archives: AA News

Heath Tarbert, the Chairman of the US Commodity Futures Trading Commission (CFTC), said at a conference yesterday that the country should increase its involvement in digital currencies and blockchain. He also called for action in terms of regulatory clarity.The U.S. To Lead Blockchain InnovationsThe chairman of the CFTC attended a conference on Tuesday and spoke about the involvement of US officials in blockchain and digital assets, in general. According to him, the country should be more...

Bitcoin’s price movements have been rather bearish over the last few days. Yesterday, the largest cryptocurrency by market cap tried breaking up but got quickly rejected and recorded $8550 as of yesterday’s low.Since then, Bitcoin is slowly gaining momentum, and the coin is back at the past week’s consolidation range $8700 – $8800.As reported here yesterday, the $9,150 level that Bitcoin reached on Sunday and got rejected, was where the 4-hour MA-50 and the MA-100 met. Additionally, that’s...

Bitcoin’s mining difficulty represents a number which regulates the overall time that miners must include new blocks to the blockchain. Historically, however, there’s somewhat of a pattern that might show a specific correlation between difficulty adjustments and the performance of Bitcoin in terms of price, and we might be on the verge of another bull run.Next Bitcoin Difficulty Adjustment Coming On November 21stWhen it comes to Bitcoin’s mining difficulty, its value is updated on a biweekly...

Facebook has faced a maelstrom of criticism ever since it announced the Libra cryptocurrency. Lawmakers and bankers have been quite vocal in their negative views towards the developing stablecoin. However, it seems that Facebook is not waiting for Libra to launch a global payment platform as they have now introduced Facebook Pay.Cross-Platform PaymentsFacebook Pay is not a virtual currency. It is a payment system that uses credit cards, debit cards, and PayPal as options.Users can use...

We saw a busy week with events and attempts to influence the price. Bitcoin lost a key support level of $9,000 in a sudden move downwards which took its price to where it currently trades at around $8,700. However, the volatility continues and traders who’ve taken up leveraged positions might be in trouble as it’s quite difficult to keep up with the market.The month begins with a little enthusiasm and a quick correction which reminds us that the end of the year is approaching and there’s not...

The popular cryptocurrency commentator, John McAfee, has spoken his mind on the matter of the recently deceased Jeffrey Epstein. According to McAfee, the real evidence on his suicide is missing, and the case lacks any notable credibility, hinting that there might have been another reason.McAfee Raises Questions Over Epstein’s DeathJeffrey Epstein was somewhat a controversial figure. On one hand, he was a financier with lots of connections among politicians and celebrities, and on another – he...

Facebook’s cryptocurrency project, Libra, could be used to build on top of central bank digital currencies. That’s what the venture’s co-creator and head economist reiterated today at a FinTech conference in Singapore. Interestingly enough, the statement also comes at times when a few countries are contemplating the launch of their own state-backed digital currencies.Libra Improving State-Backed Digital CurrenciesChristian Catalini, Libra’s co-creator and head economist of Calibra, spoke in...

The Royal Bank of Canada is reportedly exploring a cryptocurrency trading platform for in-store and online purchases, as well as for investments. Moreover, the bank is also supposedly looking into allowing customers to open bank accounts that contain digital currencies.Royal Bank of Canada Explores Bitcoin Trading PlatformIn what looks like a serious step forward in terms of cryptocurrency adoption, the Royal Bank of Canada (RBC) is reportedly exploring launching a trading platform for...

Bakkt, the Bitcoin futures trading platform of the Intercontinental Exchange (ICE), has received authorization from the New York Department of Financial Services (NYDFS) to provide bitcoin custody to all institutions. This further increases the authority of the platform in its path to providing institutions with a well-established and regulated Bitcoin futures trading platform.Bakkt’s Warehouse Licensed By The NYDFSAccording to an official announcement, Bakkt has received authorization from...

The Chinese involvement with blockchain is set to increase even further. According to a recent report, the giant country will increase its blockchain investments, which are expected to surpass $2 billion in 2023. The news may not come as a surprise as the total interest in China has risen after President Xi’s endorsement a few weeks ago.China To Spend $2 Billion On BlockchainThe global market intelligence company, IDC, recently published a report showing that China’s take on blockchain...