Tag Archives: AA News

Bitcoin went through a serious decline over the past weeks amid the spreading coronavirus and the financial turmoil that it’s causing. As such, the decreasing prices have pushed miners to switch off some of their equipment to reduce costs.However, it’s situations like these that showcase the networks ingenuine design and its ability to self-sustain. One of the biggest Bitcoin mining difficulty adjustments is scheduled for March 25th and it should offset the decreasing profitability.10%...

The novel coronavirus took the world by a storm like lightning from a clear sky. In a little more than a few months, over 200,000 people from across the globe got infected, while the death count continues to rise.This urged governments to take immediate action, and it feels as if the whole world is under quarantine. Naturally, the fear of the unknown and how far it could go caused a lot of turmoil in the financial and stock markets.Companies are feeling the impact of the virus as major...

The latest steep declines in Bitcoin’s price have pushed miners to switch off some of their equipment to reduce costs. Consequently, this slowed down the average daily block time by as much as 70%.Miners’ Response To The Price DropMiners are the backbone of Bitcoin and any other Proof-of-Work-based cryptocurrency. They create new bitcoins by using hardware to solve complicated computer equations. The miner who solves them the fastest receives the reward (fee) for the transaction, which he...

Efforts to contain the coronavirus pandemic have erupted into a disastrous and panicked shutdown of the economy by Western governments. The term “Marshall Law” (correct spelling: “Martial Law”) trended on Twitter last weekend. While many scoffed at this characterization of coronavirus containment efforts, it’s not entirely off base.In New York City, police can arrest bar and restaurant owners if they remain open. That’s to stay compliant with the mayor’s strict executive order to lock down...

So far, the past month had seen some of the worst days in Bitcoin’s price history. Following the emerging coronavirus crisis, Bitcoin plunged from a high of over $10K in mid-February, to a current low of $3,600 reached March 12. Since then, the price had recovered to the $6,000 area, but March is not yet over.The drop affected almost all of the cryptocurrencies and stablecoins were the only ones that saw their market cap increased.Stablecoins’ Growth Amid The Sell-OffsAs the name suggests,...

This week was nothing if not tumultuous for Bitcoin. Last Friday, its price dropped a massive 40%, recording one of its steepest losses in history. However, throughout the past few days, Bitcoin managed to recover nicely, as it’s currently trading at above $6,000.One thing worth noting amid this crisis is the fact that Bitcoin, unlike traditional assets, held up entirely alone. It is still a largely unregulated asset, and as such, there are no safety nets around it. During the week, when the...

The latest Bitcoin adoption news came from one of the oldest Italian banks – Banca Sella. The bank launched a Bitcoin trading service conducted on its platform called Hype. The beta testing should be done within the next few days, and the service will be online for all customers.Bitcoin Trading Available to 1.2M ItaliansFounded in 1886, Banca Sella is among the well-known banking institutions in Italy. Its Hype platform, which now includes a Bitcoin trading service, already operates with over...

The recent economic meltdown, largely associated with the outbreak of the novel coronavirus (COVID-19) saw major companies lose a huge chunk of their stock value. Hence, a lot of investors were exposed to serious risks as their portfolios must have shrunk as a result.According to a recent report, Kelly Loeffler, the former CEO of Bakkt – the Bitcoin futures trading platform, who recently became a US Senator, sold millions in stocks following a private, all-senators briefing.Kelly Loeffler...

A new wave of scammers is using the COVID-19 (coronavirus) outbreak to deceive people. By presenting themselves as members of popular health and charity organizations, they trick victims into sending them bitcoins.COVID-19 Scams Involving BTCThe novel coronavirus put lots of people at health risk and threatened the world economy. Amid the seriousness of the situations, scammers have emerged trying to capitalize on people’s despair, according to a new report.It cited the findings of the IT...

The price for STEEM has surged a massive 180% today before retracing upon the news that Binance and Huobi will support the hard fork to split the blockchain and produce another one called Hive.Binance And Huobi To Support HiveAs Cryptopotato reported, Hive will be a new blockchain that will be forked off the existing Steem code. It should take place tomorrow, Friday 20th.Once the network goes live, existing Steem accounts will also appear on Hive. This means that Steem users will have two...