Tag Archives: AA News

A significant number of Bitcoin investors transferred extensive quantities of their holdings to exchanges during the most notable price slumps in mid-March. Ultimately, most of their panic sales were at a loss, according to the Spent Output Profit Ratio (SOPR) indicator.Bitcoin Investors Rush To Sell In PanicThe popular cryptocurrency monitoring resource, TokenAnalyst, studied the flow of Bitcoin into exchanges around March 12th, when the primary digital asset lost approximately 40% of its...

As Bitcoin continues to struggle to maintain the $6,000 price area, the formation of another technical pattern is raising some concerns. The cryptocurrency charted a Death Cross, which is something that should be taken into consideration, of course, as long as you follow technical analysis.The Third Death Cross Since 2018 IncomingFirst things first, it’s important to note that a Death Cross is a commonly referenced technical analysis setup. It occurs when the 50-day moving average line...

Twitter founder and CEO Jack Dorsey went on to found Square Inc. (NYSE: SQ) in 2010. It’s a payment processing company that made a credit card reader merchants could use with their smartphone to accept payments. But in 2015, Square took it a step further with the creation of Square Cash (now called Cash App).It allowed businesses and organizations to send money from smartphones using a “cashtag” like “$thisisacashtag.” The idea was to make sending cash as easy as sending an email. The Cashtag...

One of the most popular cryptocurrencies, TRON (TRX) will be available to more users as the company partnered with a digital money transfer business Metal Pay. Moreover, TRON users will also be able to receive a cashback of up to 5% on eligible transactions for sending and receiving USD using the Metal Pay App.Tron Partners With Metal PayAccording to a press release shared with CryptoPotato, TRX, one of the largest and popular cryptocurrencies, will be available to more users. This becomes...

The U.S. dollar and most fiat currencies will collapse during this financial crisis, said popular U.S. economist Peter Schiff. As a result, governments will start to rely once again on gold as the global reserve currency.He also continued his anti-Bitcoin narrative, saying that its price may rise in the short term, but it has no real value for the economy.2020 Will Be Worse Than 2008The Euro Pacific Capital’s CEO talked in a recent podcast with the popular Bitcoin proponent – Anthony “Pomp”...

The popular encrypted messaging application Telegram won’t be able to issue its GRAM tokens, for now. This becomes clear as a US District Court granted an injunction against the company in its lawsuit filed by the Securities and Exchange Commission (SEC).Howey Test Positive: GRAM Are SecuritiesTelegram’s GRAM sale has been officially halted following a lawsuit filed by the US Securities and Exchange Commission. According to a document issued by a United States District Court on March 24, the...

Bitcoin could reach $100,000, said the CEO of the leading cryptocurrency exchange by volume Binance. Changpeng Zhao (CZ) noted that printing trillions of dollars by the Fed during the current crisis makes it easier to believe that Bitcoin’s market cap could tap $2 trillion.Bitcoin To $100,000?The world is going through an unusual phase at the moment. The rapid spread of the novel COVID-19 led to closed cities, countries, and, ultimately, crashing economies. The stock markets felt the pressure...

Despite the delay, the People’s Bank of China (PBC) is closer to launching its official digital currency. By working together with several large private companies, the nation’s central bank has finished the development process and is working on the proper legislation before the CBDC is released.China’s CBDC Is On Its WayAfter the COVID-19 outbreak, the Chinese central bank digital currency (CBDC) was delayed indefinitely. However, as the country is portraying initial stages of recovering...

The leading cryptocurrency exchange by volume, Binance, enters a new partnership with Brave Software. As a result, the users of the Brave browser will be able to seamlessly operate with cryptocurrency assets directly through a new on-browser feature called Binance widget.Binance Partners With BraveThe two companies announced the collaboration in a press release shared with CryptoPotato. It informed that the popular cryptocurrency exchange will have a specially-designed widget on the tab page...

Cryptocurrency adoption in India seems to continue as a local exchange closed a successful Series A funding round for $3 million led by BitMEX’s HDR Group, Polychain, and other companies.CoinDCX Closes $3M Funding RoundCoinDCX, reportedly India’s largest cryptocurrency exchange, has managed to close a successful Series A funding round, receiving $3 million. The round was led by some of the best-known investors in the field, including Polychain Capital and HDR Group – the company behind one of...