Tag Archives: AA News

Bitcoin’s positive price movement continued over the weekend, and it surpassed the coveted $10,000. Today, however, the largest cryptocurrency recorded a notable drop of over $500 in a few hours, which also filled the CME closing gap from Friday.Bitcoin Drops With $500Bitcoin has been on quite the run lately. For the first time since October last year, it went above $10,000. However, the price of the largest digital asset took a serious dive of over $500 in just a few hours.The dip aligned...

Our 20,000 newsletter subscribers may have wondered why they hadn’t received the weekly market update email, as they do on every Friday of the past four years. Unfortunately, CryptoPotato’s mail-service account on MailChimp had been forced closed without prior notice.In a surprising email for the popular email automation platform, they stated:“Our automated abuse prevention system, Omnivore, reviewed your account with the username CryptoPotato. It detected content or actions which either...

VanEck, New York-based investment management company, recently published a report regarding Bitcoin and its role in the market. By outlining the digital asset’s benefits, the paper showcases its potential to serve as an investment instrument and as a store of value.Even 1% Bitcoin Can Raise The PortfolioFounded in 1955, VanEck is a global investment firm that offers investment options in ETFs, Mutual Fund Management, hard assets, precious metals, and more. Recently, the company published a...

Three days ago, we had written here that “those are likely to be the last days of Bitcoin below the legendary price of $10,000.” A few hours ago, we finally saw Bitcoin breaking above the legendary 5-digits number boundary.As mentioned in our most recent price analysis, the momentum is bullish, very bullish. Looking at the price action over the past ten days, we can see Bitcoin reaching to the local high of $9600 and correcting down to $9075, which was exactly the 38.2% Fib level.From there,...

Bitcoin’s pre-programmed scarcity is one of its most impressive qualities. It’s the world’s first truly scarce digital object. The implications of that are considerable, to say the least. To put things in perspective, given the current population of the world, there is 1 Bitcoin for every 333 people out there.Digital ScarcityOne of the features Bitcoin is known within the community is the limited supply. The protocol is written in a way that won’t allow the creation of more than 21 million...

The Bitcoin Halving will take place in May, and its impact raises several valid questions. One of them concerns miners since the block reward will be cut in half, and the hash rate continues accelerating.New research by a popular provider of institutional trading tools indicates that Bitcoin’s price has to increase with up to 50% from current levels to remain profitable for miners.Bitcoin Hash Rate and Halving EffectBitcoin’s hash rate is a good indicator of the network’s health. The higher...

Coin staking is becoming very popular among cryptocurrency investors. One of the reasons for that is because it allows holders to earn passively. Amid stacking pools and wallets, more and more exchanges are jumping on the staking bandwagon as well.The increased interest was recently exemplified in a recent Binance Research report, showing that the total amount being staked exceeds $6.4 billion.What Is Staking?Essentially, staking requires the investor to “lock” a certain amount of coins that...

The cryptocurrency market shows no signs of slowing down so far in 2020. After charting one of the most impressive performances in January, Bitcoin continues its rally in the first week of February as well. In the past seven days, the cryptocurrency increased by about 5.5%, claiming essential resistance levels on the way up. Currently trading at around $9,800, all eyes are on the critical psychological barrier of $10,000. Bitcoin’s price was rangebound in the first few days of the week, and...

The Australian government is taking significant steps in adopting blockchain in its daily operations. Earlier today, the country released its “National Blockchain Roadmap” to improve the nation’s productivity in different sectors.Australia Published Blockchain RoadmapLess than a year ago, the federal executive Government of Australia (the Morrison Government), announced that it will develop a National Blockchain Roadmap. With a cost of 100,000 AUD, its idea was to utilize blockchain usage in...

Two of the largest multinational investment banks in the world, Goldman Sachs and Citigroup, recently conducted a successful transaction utilizing the blockchain technology. Both giants made the first of its kind equity swap, but 13 more are waiting to be fulfilled, as well.Equity Swap On BlockchainAs reported by Forbes, Citigroup and Goldman Sachs completed the successful transaction on January 28th. What makes this equity swap different is the utilized platform called Axcore blockchain,...