Tag Archives: AA News

New regulations for cryptocurrencies are in the making in the EU. Lawmakers are considering creating a new regulatory body after the parliament has published a paper pointing out some legislative “blind spots” concerning the supervision of crypto assets in the European Union.Lawmakers Say Crypto Mining Might Be Used for Money LaunderingIt’s a bit of a throwback to December 2019 when The Fifth Anti-Money Laundering Directive (5AMLD) – an updated legislation version, was announced. The updated...

Future victims of the crew behind the Sodinokibi Ransomware will have to pay with Monero, instead of Bitcoin, the group announced. They noted that combining the privacy coin with TOR will make the payments almost impossible to trace.Hacker Group Replaces BTC With XMRThe infamous group behind the Sodinokibi Ransomware is now accepting the privacy coin Monero as a primary payment method instead of Bitcoin. According to a recent report, the crew believes that utilizing XRM will make it harder...

It appears that banks are quickly adapting their policies to the current darkening economic outlook. In the US, the country’s fourth-largest lender – JP Morgan, is raising its mortgage borrowing standards as a response to the situation.JP Morgan Raising Mortgage Borrowing StandardsBorrowing money against a mortgage will be harder for US citizens starting tomorrow, April 14th. This became clear as the country’s fourth-largest lender, JP Morgan, was reported to increase its mortgage borrowing...

Binance, the world’s leading cryptocurrency exchange, launched Bitcoin options on its Binance Futures trading platform. At the time of this writing, the feature is only available on the platform’s mobile versions available for both Android and iOS.Bitcoin Options On Binance FuturesBinance Futures is where the users of the platform can place highly-leveraged cryptocurrency trades. Now, the team has also added Bitcoin options, allowing its users to access additional tools to better manage their...

A new study compiled on cryptocurrency usage outlined that people are mainly using them for regular day-to-day purchases such as food and clothes. It also indicated that there’s a significant room for adoption, as only 16% answered that they had previously bought any digital asset.Bursting Myths: Cryptocurrency UsageCryptocurrency payment transfers are much more anonymous than bank transfers, for example. As such, they have received a reputation for usage primarily in criminal...

Funds sent to cryptocurrencies scams exploiting the COVID-19 pandemic have decreased since the start of March. Scammers are using mostly phishing and blackmail emails, but their efforts have not marked much success as of late.Crypto COVID-19 ScamsAside from the many positive features cryptocurrencies possess, they are also sometimes involved in suspicious and fraudulent activities. The sudden outbreak of the coronavirus attracted numerous scams where the perpetrators requested digital assets...

China has always been in the spotlight when it comes to cryptocurrencies, despite the country’s controversial legislation on the matter.Last year, President Xi Jinping urged for further investments in blockchain-based technology, causing Bitcoin to mark an increase upwards of 40% in less than 24 hours. Now, however, regulations seem to be tightening up, and this will cause some changes in the cryptocurrency landscape, according to Changpeng Zhao, CEO at Binance.Cryptocurrency Operators To...

According to Ross Ulbricht, best-known for creating and operating the darknet market website Silk Road, Bitcoin’s price is headed downward. Using the Elliot Wave Theory for his analysis, Ulbricht believes that there might be more pain ahead, taking the price significantly lower.More Pain For BitcoinIn a detailed blog post, Ross Ulbricht, the founder of the infamous Silk Road dark market, pointed out that Bitcoin’s price may be headed lower.According to the popular Elliot Wave Theory, the...

Peter Schiff, a well-known economist and renowned author, has taken another stab at Bitcoin. As he commonly compares the digital asset with gold, outlining its lack of intrinsic value, the expert now says that the precious metal will outperform Bitcoin as the latter will simply crash.Peter Schiff Back To Bashing BitcoinBitcoin is commonly compared to gold in its property to serve as a store of value. In fact, the Chairman of the US Federal Reserve, Jerome Powell, referred to it as a...

The number of Bitcoin addresses containing more than 0.01 BTC has increased substantially in the past two months. The question remains if the reason behind it is the upcoming Halving in May, the economic uncertainty caused by the COVID-19 pandemic, or both.BTC Addresses Go UpThe popular cryptocurrency monitoring resource, Glassnode Insights, provided a chart regarding the number of Bitcoin addresses with at least 0.01 BTC in holdings (worth approximately $69 at the time of this...