Tag Archives: AA News

The extreme levels of volatility reached the U.S. dollar as well, and the world’s reserve currency is losing value. It comes only days after the historic $6.2T “stimulus package,” which aims to help individuals and businesses in need.Amid the rising threat of inflation and concerns amongst numerous experts, the cryptocurrency community broached Bitcoin’s scarcity as an alternative to the constant increase of fiat money in circulation.U.S. Measures Harm The DollarThe novel coronavirus appeared...

Cryptocurrency mining is one of the ways to start stacking digital assets, and it appears that the tech giant Microsoft has come up with a new idea. The company has filed a patent application for an innovative system to mine cryptocurrencies.Microsoft And Cryptocurrency MiningOne of the leading technology companies in the world, Microsoft, is seeking patent protection from the World Intellectual Property Organization (WIPO). According to the application, sensors could detect certain...

The global financial markets took a serious hit this month amid the growing fears of the spreading novel coronavirus (COVID-19). However, amid times of economic uncertainty, investors often turn to gold as a hedge to protect their portfolios.According to one model, the fair value of gold right now should be around $8,900, which is more than five times greater than what it’s currently priced at.The Lighthouse Gold ModelThe price of gold currently hovers at around $1,600 per ounce. This marks...

The development funding state of Bitcoin Core is at a healthy level, according to a report compiled by BitMEX Research. They came to this conclusion by examining the leading organizations and individuals funding open-source Bitcoin and Lightning development.A Healthy Funding State of Open-Source BTC DevelopmentThe BitMEX research team based the report on publicly available information and speaking to specific individuals, who were willing to share their details. Thus, they concluded which...

A new fraud involving Bitcoin QR code generators has seen more than $45,000 worth of BTC stolen from victims in the last month alone. At least nine websites deceived users into entering their Bitcoin addresses and converting them into a QR code image, which ultimately sent the coins into the scammer’s account.Beware: Bitcoin QR Code ScamsGenerally, Bitcoin QR codes replace the lengthy BTC addresses consisting of numbers and letters. By sharing the code, users can request a payment from...

Dan Morehead CEO & Co-Chief Investment Officer of Pantera Capital, a crypto hedge fund, says the Bitcoin price is set to surge during this economic crisis. In fact, Morehead predicts the Bitcoin price could reach a new all-time high within 12 months. That would be a truly astonishing turn of events, but not entirely out of the cards.The Great Recession and 2008 financial crisis gave rise to Bitcoin in the first place. After watching the financial system critically fail, some computer...

The Singapore-based blockchain company, Algorand Foundation, has launched an application called IReport-Covid to help the fight against the novel COVID-19. Users can fulfill a survey, which will soon be publicly posted on the Algorand blockchain to ensure free and constant access.Blockchain App Against COVID-19At the time of this writing, the number of confirmed coronavirus cases is exceeding 600,000. The death tolls are close to 30,000, and the effects are not slowing down. In attempts to...

In times of severe volatility, trading volumes typically go up, and the last couple of weeks are no exception. Binance, the world’s leading cryptocurrency exchange, has decided to create a trading tournament where users can team up and share in a combined prize pool that can grow to as much as $1 million worth of BNB.It’s important to note that trading futures and leveraged assets is not recommended for beginners, as it involves high risk of losing your capital.Binance Futures Trading...

Bitcoin’s price might reach $350,000 in the years to come, according to a recent report compiled by the popular U.S. cryptocurrency exchange, Kraken. It indicated that Millennials will soon inherit trillions of dollars, which the younger generation could invest in Bitcoin, as they are more tech-oriented.The Great Wealth TransferThe paper estimated that more than $68T of U.S. wealth will change hands in the upcoming years. Generation X will inherit $38T, while the remaining $30T will go to...

An alliance consisting of Chinese government groups, banks, and technology companies will launch the Blockchain-based Service Network (BSN) in April. The innovative platform will be among the first maintained by a central government. It will allow participants to operate on top of it, without having to design a new network from scratch.Blockchain-Based Service Network Comes In AprilAnnounced in the middle of October 2019, only a week before President Xi Jinping said China should invest more...