Tag Archives: AA News

2020 has so far been particularly positive for Bitcoin and the rest of the cryptocurrency market. Starting the year at around $7,100, BTC currently trades at almost $9,000, charting notable increases throughout the entire week. In the past 24 hours alone, Bitcoin gained another 3% to its value, increasing from around $8,650 to about $9,000 from where it retraced a bit and it currently trades at $8,900. BTC/USD. Source: TradingViewBitcoin’s total market capitalization has increased to $162...

According to a 2019 investment report released by Grayscale, one of the world’s leading authorities on digital asset investment, the digital giant has managed to raise over $600 million throughout 2019, with most of the funding coming in from major institutional players.Specialized in digital asset diversification, the company managed to grow its investment base by 24% in 2019, which rallied in a total of $146.9 million in investment funding. The remaining $460.8 million came from their...

In November last year, the South Korean cryptocurrency exchange, UPbit, was hacked. The perpetrators took approximately $50 million worth of Ethereum. A new report shows that $3.2 of the stolen funds is already laundered using small transactions towards numerous other exchanges.$3.2 M Of ETH LaunderedDuring November in 2019, Cryptopotato reported that the popular South Korean crypto exchange, UPbit, was hacked. At the time, over $50 million worth of the second-largest cryptocurrency,...

Craig Wright, who claims to be the creator of Bitcoin, Satoshi Nakamoto, has reportedly seen his defamation case against Hodlnaut dismissed by UK’s High Court. The reason for the court’s decision is that it doesn’t have the jurisdiction to rule.Craig Wright’s Case Against Hodlnaut DismissedCraig Wright is undoubtedly one of the most well-known and discussed names within the cryptocurrency community. He has proclaimed himself to be the creator of Bitcoin, Satoshi Nakamoto. However, so far, he...

Leading US cryptocurrency exchange and custodian, Gemini Trust Company, has taken a strategic step to provide robust coverage for the cryptocurrencies in its custody.Gemini Takes An Extra StepOwned by the Winklevoss twins, Cameron and Tyler, the exchange announced Thursday that it had launched its captive insurance firm, Nakamoto Ltd., to secure Gemini Custody, the company’s arm that stores customer’s digital assets, against theft.This development now allows Gemini’s customers to purchase...

The YouTube cryptocurrency purge was a hot topic in the last days of 2019, but it seems that it may not be over. Another prominent cryptocurrency YouTuber has bemoaned that he received a strike on a recent live stream video and is unable to upload new content.YouTube Purge Not Really Over?During Christmas time last year, YouTube became the most talked-about topic within the crypto community. The Google-owned content sharing platform began giving strikes, removing videos, and even deleting...

The largest cryptocurrency exchange in South Korea, Bithumb, has filed a complaint with the Tax Tribunal against the National Tax Service (NTS). The company wants the Tribunal to nullify a tax for nearly $70 million, which was previously imposed by the NTS on its customers.Bithumb Fires BackAt the end of 2019, NTS imposed $69.3 million of withholding tax on the exchange’s foreign customers, according to a report. At the time, this was the first confirmed case where the Korean government has...

According to recent buzz on Twitter, one of the biggest names in the crypto-industry, Michael Novogratz, is speaking up and questioning the biggest price shift made by altcoins yet this year, raising a red flag for crypto-enthusiasts everywhere.Michael Novogratz is the CEO of U.S.-based Galaxy Digital Holdings Ltd, a limited partner of Galaxy Digital LP, a merchant banking institution focused on digital assets and blockchain technology.The crypto mogul recently spoke out via tweet about this...

The situation in Lebanon just got intense as the Western Asian country is currently facing what appears to be its worst economic crisis since the end of its civil war in 1990.Reports from international news media, France 24, today revealed that angry protesters launched a night-time attack on several banks in the Beirut, the capital city and commercial hub of Lebanon, after a brief lull in the past weeks.The demonstrators were fiercer in their renewed rallies as they attacked the district of...

During yesterday’s turbulent price movements, most cryptocurrency exchanges recorded notable 24-hour Bitcoin on-chain flows. The Chinese-based Huobi stands above all in terms of inflow with $157M and only $78M out.Huobi’s Impressive 24H InflowsThe popular monitoring resource, TokenAnalyst, examined the 24-hour Bitcoin on-chain inflows and outflows of eight of the most popular cryptocurrency exchanges. According to the report, Huobi’s inflow outperforms dramatically every other exchange and is...